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    Thursday, July 30, 2020

    Home Unlabelled Ethereum Ethereum turns 5 🎂 - A happy birthday note from EF :)

    Ethereum Ethereum turns 5 🎂 - A happy birthday note from EF :)

    July 30, 2020

    Ethereum Ethereum turns 5 �� - A happy birthday note from EF :)

    Ethereum turns 5 �� - A happy birthday note from EF :)

    Posted: 30 Jul 2020 10:30 AM PDT

    xDai Stable Chain and Splunk: Great Reddit Scaling Bake-Off Submission

    Posted: 30 Jul 2020 11:57 AM PDT

    xDai Stable Chain and Splunk: Great Reddit Scaling Bake-Off Submission

    The xDai Stable Chain is nearing 2 years in production, with exemplary real-world use cases, an active developer community, and full EVM ecosystem compatibility and interoperability with Ethereum. It has been tested at large events (EthDenver) where it handled greater than expected loads with ease; securely processing thousands of transactions for only a few thousandths of a cent. xDai has a proven track record of security and scalability, and it is available for deployment today. While our solution may not be the fastest submitted, it's still well within the requested benchmarks yet brings the peace of mind of dependability and resilience the competition simply cannot offer.

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    Load testing stats on xDai with Splunk blockchain observability tools

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    2 projects - 1 mission

    The Great Reddit Scaling Bake-Off presented a unique opportunity for collaboration and we were excited to challenge ourselves within such a limited timeframe. Our solution was achieved on the xDai Stable Chain, a layer-2 sidechain which is 100% compatible with Ethereum. Real-time and historical data visualizations with custom dashboards were implemented in collaboration with Splunk. Through this joint effort, we were able to demonstrate a solution that is not only fast but efficient and inexpensive, on a tried and true network that's in use at this very moment.

    Challenge Results

    Note: Our challenge Gitbook details our process, results, costs and other details**.**

    The challenge asked teams to handle the following transactions over the course of 5 days:

    • 100,000 point claims (minting & distributing points)
    • 25,000 subscriptions
    • 75,000 one-off points burning
    • 100,000 transfers

    To meet this challenge, we ported over contracts and created a custom load script to simulate transactions for a single subreddit on xDai. We processed 300,000 transactions in under 4.5 hours, achieving 25X+ efficiency from the original requirements.

    Reddit contracts were whitelisted resulting in 0 gas fees for transactions and contract deployment. In addition to the custom load script which tested chain capacity with TMOONs, we also created a continuous load script to simulate more natural transactional flows with TBRICKs.

    Load test contract addresses on xDai:

    Continuous load test contract addresses on xDai:

    To explore scaling for hundreds of millions of users, we set up a modified chain called qDai with 1 second block times, 74M gas per block, and 150+ claim transactions per second. Using this configuration, we completed the load in 29 minutes, a 220X improvement from the requirements.

    Contract addresses on qDai:

    Please see our challenge gitbook where we organize our results, detail the processes, and address challenge requirements: Gitbook link

    Splunk Team Collaborative Effort

    The ability to monitor and assess blockchain data is vitally important for accessibility, transparency, and ultimately, adoption. The blockchain team at Splunk created a number of visual dashboards for the challenge to display transactions, block times, validators and all other relevant data on xDai. These dashboards give users the opportunity to find relevant patterns, troubleshoot node issues should they arise, and dig into both historical and real-time data.

    The results of our load testing can be viewed using the custom Splunk dashboards created for the competition.

    Usability and Interoperability

    As mentioned above, the xDai Stable Chain is fully interoperable with the greater Ethereum ecosystem. In this section, we show how users can easily move MOON tokens to and from xDai using a custom plugin (Burner Wallet) connected to the TokenBridge architecture. We also are proud to spotlight community created tools by Austin Griffith, including the xmoon.exchange, and a multiplayer game in active development.

    All transactions completed for the challenge are transparent on-chain and can be viewed using our very own xDai BlockScout explorer.

    Links

    Acknowledgments

    We'd like to thank Reddit for the opportunity to show off our technology as a ready-to-go solution for their challenge, and to participate with the Splunk team for a concerted effort in bringing an idea to production. We'd also like to thank any community members who have helped us reach this point and have given us valuable feedback throughout the process.

    submitted by /u/igorbarinov
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    Ethereum in the Enterprise 2020 - A Virtual Conference from the EEA

    Posted: 30 Jul 2020 08:11 AM PDT

    Ethereum: 5 Years In and Looking to the Future

    Posted: 30 Jul 2020 02:36 AM PDT

    Happy Birthday, Ethereum $ETH! It would be very lonely in space without you.

    Posted: 30 Jul 2020 04:46 AM PDT

    Fun phone wallpaper to celebrate the 5 year anniversary from OKCoin

    Posted: 30 Jul 2020 03:45 PM PDT

    Fun phone wallpaper to celebrate the 5 year anniversary from OKCoin

    OKCoin took the header for their Eth 5 year anniversary blog post and turned it into a sweet downloadable wallpaper. Here's the original post: https://blog.okcoin.com/2020/07/29/ethereum-5th-anniversary/

    https://preview.redd.it/ns6e4ecdm2e51.jpg?width=1080&format=pjpg&auto=webp&s=3eb02323b1462ac7cb836e1ab137f3663e297198

    submitted by /u/OnTheDecks
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    Happy birthday Ethereum from the EEA!

    Posted: 30 Jul 2020 01:56 PM PDT

    Happy 5th birthday Ethereum from the Enterprise Ethereum Alliance!

    And hopefully you managed to catch our inaugural EEA annual seminar today too. Great content: https://www.youtube.com/watch?v=pw6OzjkkXcU&feature=youtu.be

    submitted by /u/celticwarrior72
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    Number of Google Searches for ETH Worldwide Jumps to 2018 Levels

    Posted: 30 Jul 2020 04:56 PM PDT

    The State of the Ethereum Network: 5 Years Running

    Posted: 30 Jul 2020 09:32 AM PDT

    What do you think of the new interface of Radar Relay? Feedback on it? How can it be improved?

    Posted: 30 Jul 2020 09:31 AM PDT

    Video contest for Ethereum's 5th birthday - tell us what it means to you (and maybe win 100 DAI)

    Posted: 30 Jul 2020 06:23 AM PDT

    Hey everyone,

    For Ethereum's 5th birthday we want to hear from the community what you think of it and its future. Submit a short video sharing your thoughts with the world. The best 3 submissions win 100 DAI!

    https://twitter.com/argentHQ/status/1288825740541206529?s=20

    submitted by /u/matthewargent
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    Compounding staking rewards

    Posted: 30 Jul 2020 05:53 PM PDT

    Is there a way to compound staking rewards? Even with 32 eth running a node, how does compounding work?

    submitted by /u/acemachine123
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    What if ETH had a fee burn 5 years ago?

    Posted: 30 Jul 2020 04:17 PM PDT

    Happy Birthday, Ethereum - From Bitcoin Suisse!

    Posted: 30 Jul 2020 01:07 PM PDT

    �� Happy 5th Birthday Ethereum!

    Posted: 30 Jul 2020 03:47 PM PDT

    Ethereum, the distributed network that serves as the base layer for most of DeFi, launched five years ago. In its short life, Ethereum has grown to become the second-largest cryptocurrency after bitcoin, surpassing it in other metrics, including in number of daily transactions and settlement value.

    Another measure of its success, as I recently wrote in a CoinDesk column, is to examine whether Ethereum builders achieved what they set out to do.

    "Rather than being limited to a specific set of transaction types, users will be able to use Ethereum as a sort of 'Minecraft of crypto-finance," Vitalik Buterin wrote in the Etheruem whitepaper.

    Vitalik listed the following applications, which he imagined could live on this protocol: Sub-currencies, Financial derivatives, identity and reputation systems, Decentralized Autonomous Organizations, insurance, decentralized data feeds, gambling and prediction markets, a full-scale on-chain stock market and an on-chain decentralized marketplace.

    Read more

    submitted by /u/Shudip_47
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    ��API Docs from Alchemy | �� Welcome to Alchemy

    Posted: 30 Jul 2020 04:08 PM PDT

    Happy Birthday Ethereum: 5 Years In and the Future of ETH

    Posted: 30 Jul 2020 12:52 PM PDT

    Birthday song for the birthday kid

    Posted: 30 Jul 2020 03:19 PM PDT

    Gas Sucks

    Posted: 30 Jul 2020 09:46 AM PDT

    When will gwei get cheaper?

    submitted by /u/scrudo
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    Keycard Contactless Wallet: Security Flows & Scenarios Writeup

    Posted: 30 Jul 2020 08:05 AM PDT

    Ethereum’s 5th Birthday: a look back at how far it’s come

    Posted: 30 Jul 2020 09:57 AM PDT

    Staking rewards without 32 ETH?

    Posted: 30 Jul 2020 01:55 AM PDT

    Hi, is it possible to earn staking rewards or passive income on your ethereum without owning the required 32 eth? im on the way to 32 but still want to know if it's possible.

    Thanks!

    submitted by /u/trillwaleed
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    With the price rallying over 100%, and more inflation coming from ETH 2.0 It's time to reduce the block reward.

    Posted: 30 Jul 2020 04:07 PM PDT

    Into the Ether - Axie Infinity: A New Paradigm in Gaming

    Posted: 30 Jul 2020 11:54 AM PDT

    Solana: Reddit's 5-Day Scaling Challenge in 5 minutes, 40 seconds. Play break.solana.com to experience it for yourself!

    Posted: 29 Jul 2020 02:44 PM PDT

    Solana: Reddit's 5-Day Scaling Challenge in 5 minutes, 40 seconds. Play break.solana.com to experience it for yourself!

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    Reddit's 5-day Challenge in 5 minutes on the Solana mainnet. No sharding, no Layer-2!

    Hey everyone, I'm Raj Gokal from the Solana Foundation. Solana tackled the Scaling Bake-Off this week and completed the entire 5-day challenge in around 5 minutes for less than $5 USD.

    Here are the benchmarks of our challenge:

    • Solana completed token minting in under 2 seconds across 64 threads;
    • Solana completed 204,800 token transfers and point claims in 3 minutes, 20 seconds;
    • Solana burned 75,520 tokens in 46 seconds;
    • All while running on Solana's mainnet across 130 geographically-distributed validators.

    If you're a geek, you can run this demo for yourself on our mainnet. You can even parallelize it on as many machines as you want and run it on mainnet. But if you just want to see it in action, I put together this video to show the entire challenge start to finish and to share a bit more about Solana.

    📺 Watch Solana complete the 5-day challenge in 5 minutes, 42 seconds.

    ​

    Play the "Break" Game

    I invite you to experience the raw speed of Solana for yourself. In addition to the demo, we also built an interactive demo called "Break" to illustrate Solana's speed real time. It's simple to play. Just smash keys on your keyboard. Each key sends a real transaction to the Solana mainnet. Every time a block changes color from black to green you know the transaction has been:

    1. Sent from the client to the server
    2. Forwarded from the server to the the block producer
    3. Added to a block and propagated to the network
    4. Voted on by everyone in the network
    5. Approved by 2/3+ of votes, which is detected by the server
    6. Sent back to the client, which gets the notification to turn the box green

    Every blockchain claims to be fast, so it's really hard to tell what's real. A real-time game is the best demo we could come up with to prove to you how fast Solana really is. We're also running a competition right now to encourage concurrent usage on the network.

    Please make sure to post pictures of your broken keys/keyboards or high scores on r/solana. We'll give out 1,000 SOLs to the 5 best pictures.

    Hit me up! If you're short on the SOL required to play, just reply in this thread with your Solana wallet address or with an imgur link to a screenshot with a QR code. Your first game is on us. (Not that it's expensive to play anyways. See how long it takes you to burn 1 SOL on break).

    🟩 Go play break.solana.com

    break.solana.com: Smash your keyboard to submit transactions to mainnet

    About the Network

    It's Live on Mainnet: Check out this dashboard built by one of our awesome validators for network stats. So far, the network has grown larger and faster than any other network we're aware of:

    • 100 days since mainnet
    • 25 million blocks
    • 1.75 BILLION transactions

    It's Cheap, and Fast as Hell: This network was built for speed by people who used to optimize embedded systems and operating systems for a living. Smart contract transactions are so fast and cheap that we use them for consensus votes!

    • $10 for 1 million transactions
    • 400ms block times
    • ~1.5s confirmation times

    It Only Gets Faster: We are obsessively focused on horizontally scaling every part of a layer-1 blockchain without sharding. We will never be in a situation where the demand for the network grows so much that we can't scale to meet it. Validators can always add more cores, more memory, more SSDs, more network bandwidth, on-demand, when the users need it.

    It's Decentralized: The network has seen a 300% growth of its validators since launch: In March, we launched mainnet with an elite group of 40 validators. To date, we've increased that group to over 130 validators actively securing the network. An additional 250 validators on testnet will soon be onboarded to mainnet.

    It's Growing: Since launch, we've also announced partnerships with Kin (who are moving 3.5m users over from Stellar as we speak), Serum (a non-custodial CLOB derivatives exchange that recently made headlines), Arweave, Terra, Chainlink, Civic, Akash, Fortmatic, Dfuse, Hummingbot, and more.

    💪 Learn more about Solana at solana.com.

    check out network stats at solanabeach.io

    Scaling Ethereum

    As part of helping projects use Solana interoperably with Ethereum, a bunch of people that helped build Solana are also already building super cool wraps and warps to make native Ethereum assets lightning fast using Solana. Two recent examples of this are our friends at Terra and FTX.

    Solana is a Layer-1 blockchain and not positioned as a native Ethereum scaling solution per se. However, I believe we're headed for a fully connected, multi-chain world where assets can and should easily bridge from one chain to another. Ethereum's ecosystem is one-of-a-kind—our mission for this project is to help scale its value to global communities like Reddit.

    I invite you to join our community to learn more. If you have any questions please leave them in the thread below and I'll do my best to answer them asap. I'll be answering questions alongside other members of our team and the community.

    🤘r/solana | Discord | Telegram

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    submitted by /u/DigitalInstincts
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