• Breaking News

    Sunday, August 30, 2020

    Home Unlabelled Ethereum Uniswap takes over Coinbase in trading volume. Congrats brothers and sisters :)

    Ethereum Uniswap takes over Coinbase in trading volume. Congrats brothers and sisters :)

    August 30, 2020

    Ethereum Uniswap takes over Coinbase in trading volume. Congrats brothers and sisters :)

    Uniswap takes over Coinbase in trading volume. Congrats brothers and sisters :)

    Posted: 30 Aug 2020 05:03 AM PDT

    ETH, Let's not forget what it's made to do!

    Posted: 30 Aug 2020 02:10 PM PDT

    So, I'm actually emotional right now. This post is not for the upvotes or to debate any technical aspect of ETH or crypto in general...

    I got into crypto this year and I've been investing lots. Mainly to HODL, as a place to store my personal wealth and all that. I believe in crypto ever since I got introduced and read up on all it's applications and what it could bring for the future.

    However, I just completed my first transfer to someone across the world in exchange for goods and it feels amazing. I purchased something from somebody who's trying to live their dream and build a sustainable business, while being plagued by a currency that's under pressure and systems that are failing.

    It was the first time they received payment in crypto for a product and they are over the moon. Not just me, but to them... they feel empowered and are elated that it works and that it frees them from all the rules, regulations and other needless protocols that are in place to make it hard on people trying to just make a living.

    Fuck it, I'm in tears just because it made their day, it made my day and I'm about to received beautiful hand made products from across the world that have made with love and are payed for in crypto. Not a fucking bank in sight.

    Long live the blockchain! <3

    submitted by /u/Coreantes
    [link] [comments]

    How Ethereum Could Be Supercharged by the Internet Computer Network

    Posted: 30 Aug 2020 03:24 PM PDT

    ��That made my day for all yield farmers out there.... sorry but why HODL when YEILD? Have a nice and „riskmanaged“ day

    Posted: 30 Aug 2020 05:10 AM PDT

    A theory of why Ethereum is perhaps better "sound money" than Bitcoin.

    Posted: 30 Aug 2020 12:43 PM PDT

    The idea of Bitcoin's supremacy as "sound money" is very frequently thrown around by the biggest talking heads in the crypto world. I know I will get a lot of hate for suggesting that this theory is not only flawed, but it is straight up wrong. As unintuitive as it may sound to Bitcoin maximalists (no offense intended) I believe Ethereum is on the path to becoming the global leading asset and model for sound money... give me a chance to explain why.

    ​

    1. The idea that nothing can change Bitcoin's issuance schedule is a myth. There is absolutely no divine power controlling the supply of Bitcoin. Contrary to what is commonly asserted, Bitcoin's issuance protocol is not primarily driven by what is currently implemented. The real driver is consensus: the majority of network participants must agree that what is currently defined cannot be changed. There is an underlying assumption that the consensus would never want to change Bitcoin's issuance. On the surface this makes for a nice "sound money" narrative, but it is false premise and sticking to it could be ultimately detrimental. It presents a long term sustainability issue (the hope that somehow Bitcoin's base layer will scale enough to maintain security entirely through fees). It also completely dismisses the possibility that an unforeseen event could create pressure to change the issuance. If Bitcoin managed to create a consensus mechanism that did not rely on mining, it is very likely there would be consensus to reduce issuance. On the other hand, if some potentially catastrophic event would create incentives to increase the issuance, it would only make sense for the network to do so.
    2. Issuance flexibility is not fundamentally bad. Etheruem's approach to adjust the issuance according to the contextual circumstances has resulted in a faster rate of issuance reduction than what was originally defined in the protocol. The rate of issuance will continue to decrease as new developments allow for it to happen without compromising the network security. There is a very high probability that Ethereum will achieve a lower issuance rate than Bitcoin in the next two years, and it could possibly achieve zero issuance in the next five years. This would be a result of a successful implementation of PoS, sharding and EIP-1559.
    3. The root of all evil is Proof of Work. PoW is by far the primary cost of operating the Bitcoin network. It is the primary determinant of how much issuance is needed as a financial incentive to keep miners doing their thing. The very mechanism that secures the network's decentralization is unfortunately quite wasteful. The degree of decentralization is a direct result of how much random mathematical operations are being done by miners.
    4. There is a better way. Some people will take offense by the use of the word wasteful, and they claim that it is not because those mindless calculations are what is actually securing the network. However, its wasteful aspect becomes clear if there is a different way to achieve equal or superior decentralization without the need to crunch mathematical problems. This just so happens to be embodied in Ethereum's design of Proof of Stake. It will drastically reduce the cost of securing the network, while providing at least 2-3% annual returns for the ownership of Ether. When Ethereum's issuance becomes lower than its staking rewards, it will effectively have achieved the same effect as having zero (or possibly negative) issuance.
    5. The value proposition of Ethereum 2.0 is unmatched. There is just absolutely no asset in the world that has a 2-3% self-denominated annual returns and just so happens to be rapidly appreciating. When wall-street's greed sees this, it will create the mother of all bubbles.
    6. Don't dismiss the flippening. On February 01 2018 Ethereum reached 70% of Bitcoin's marked cap (it was even closer if you account for the amount of lost bitcoins). That happened before DEFI, before proof of staking was within reach, before multiple effective layer 2 solutions were a thing, before wrapped Bitcoins and before the first signs of mass adoption were on the horizon (like integration with Reddit , VISA and potential to compete with SWIFT). Utility is a huge factor in driving prices, lets not forget how Silk Road played a key role into propelling Bitcoin's value. Yes, Ethereum crashed hard after the peak in 2018, but perhaps it is simply manifesting a higher volatility pattern that is reminiscent of Bitcoin's early years. Bitcoin's first 5 years were characterized by aggressive price swings, why should it be different for Etheruem (considering it is about 5 years younger than Bitcoin)? If the volatility patterns stands on this bull market, we will see a flippening.

    So... do I think Etheruem will flip? Yes I do, but I still hold Bitcoin. No one has crystal ball, and nothing is certain. Perhaps Etheruem will crash and burn, perhaps Bitcoin will become the next Yahoo, and perhaps they will both thrive in this new exciting crypto world.

    submitted by /u/TheWierdGuy
    [link] [comments]

    "Tether USDT transactions have broken new records. According to OKEx’s estimate, Tether’s average daily value transferred this month was estimated to be $3.55 Billion daily, while PayPal moved ‘only $2.46 Billion for its consumers in the entire Q2 (3 months)"

    Posted: 30 Aug 2020 09:51 AM PDT

    Latest Week in Ethereum News

    Posted: 30 Aug 2020 06:55 PM PDT

    Learn about Proof of Authority consensus �� Blockchains Study Group series �� No previous blockchain training required ��‍�� Wiki post by Smriti Verma of the OpenZeppelin Research Team; We welcome you to follow along and contribute wherever you can.

    Posted: 30 Aug 2020 06:30 PM PDT

    ETH transaction pending for 20 hours

    Posted: 30 Aug 2020 02:00 PM PDT

    Hi guys,

    I would like to get an opinion.

    Yesterday, I sent some eth from my Coinbase wallet to an exchange. It has been pending for 20h now...Looking at the gas fees, they are set to 75 Gwei, well below the current minimum on ETHGasStation. I read a bit and found some solution on MEW.

    Is it safe to open my wallet on MEW with my private keys, then increase the gas fees for the transaction to accelerate the process?

    I don't know if opening the wallet on MEW, when it's already open on Coinbase Wallet will mess things up.

    ​

    Thanks for your help!

    Lucas

    submitted by /u/lucas2025
    [link] [comments]

    Does a tool exist that can alert when tx fees reach a certain level?

    Posted: 30 Aug 2020 04:16 PM PDT

    Does an app exist where a user sets, "Notify me when "low speed" transactions are below 50 gwei and a phone notification will alert the user?

    This can also be used if someone sets up a low fee transaction and wants to know if it executed without needing to check periodically.

    submitted by /u/lodobol
    [link] [comments]

    Why Decentralized Banking Will Rule the World

    Posted: 30 Aug 2020 11:40 AM PDT

    Noob question about the need for ERC-20 Tokens vs. Ethereum.

    Posted: 30 Aug 2020 11:04 AM PDT

    Hey folks, I'm trying to get a better understanding from a developer's point of view about the big-picture advantage of creating an ERC-20 token to power my dapp as opposed to using regular Ether. What can an ERC-20 token do that Ether can't? Are there additional functionalities that they offer?

    Thanks in advance.

    submitted by /u/Crozenblat
    [link] [comments]

    Help?

    Posted: 30 Aug 2020 09:01 AM PDT

    Not sure if this is the place to ask for help but i am having problems with Ethereum.

    I had submitted a transaction with A really low gas fee and have tried to cancel it with no luck do i just need to wait for the transaction to go trough?

    Is there a way for me to speed this up?

    https://etherscan.io/tx/0xce5b2b2a229516ce6e930f52457bbd6c46db94a6b32e3284c338692e5af9b2f0

    submitted by /u/dogchaser11
    [link] [comments]

    ENS Domains as Investment?

    Posted: 30 Aug 2020 08:55 AM PDT

    What are your thoughts on ENS domains as a potential investment? It seems the service is adding more functionality. I'm especially curious if governments will adopt this, including subdomains, for allowing ERC20 payments. For example, australia.license-renewal.eth or whatever...

    Thoughts?

    submitted by /u/Prahasaurus
    [link] [comments]

    Statistics for a just synced full node at block 10760885

    Posted: 30 Aug 2020 08:49 AM PDT

    Just completed the sync of a full node (block 10760885). It seems to me not easy to find detailed statistics about how much space is needed for a full node, so I share these, maybe it's useful to others.

    I used Geth 1.9.20 on Windows 10 with SSD.

    DATABASE CATEGORY SIZE ITEMS
    Key-Value store Headers 55.00 MiB 100554
    Key-Value store Bodies 3.64 GiB 98505
    Key-Value store Receipts 4.20 GiB 17751843
    Key-Value store Difficulties 6.25 MiB 110238
    Key-Value store Block number->hash 5.16 MiB 110222
    Key-Value store Block hash->number 420.76 MiB 10761043
    Key-Value store Transaction index 27.44 GiB 818569194
    Key-Value store Bloombit index 1.64 GiB 5380096
    Key-Value store Contract codes 37.33 MiB 6636
    Key-Value store Trie nodes 74.51 GiB 639023322
    Key-Value store Trie preimages 1.07 MiB 17051
    Key-Value store Account snapshot 0.00 B 0
    Key-Value store Storage snapshot 0.00 B 0
    Key-Value store Clique snapshots 0.00 B 0
    Key-Value store Singleton metadata 151.00 B 5
    Ancient store Headers 4.51 GiB 10670906
    Ancient store Bodies 97.85 GiB 10670906
    Ancient store Receipt lists 44.38 GiB 10670906
    Ancient store └ counted receipts -- 802441861
    Ancient store Difficulties 166.01 MiB 10670906
    Ancient store Block number->hash 386.71 MiB 10670906
    Light client CHT trie nodes 0.00 B 0
    Light client Bloom trie nodes 0.00 B 0
    TOTAL 259.22 GIB
    submitted by /u/lapalissiano
    [link] [comments]

    �� New Kleros dApp is almost ready to be deployed�� �� — Steemit

    Posted: 30 Aug 2020 06:10 AM PDT

    The DAO Smart Contract Refund

    Posted: 30 Aug 2020 03:26 AM PDT

    Talk about living under a rock but I have some ETH to claim from the DAO smart contract and now really need some help!

    I've found balances under the 2 contract addresses: 0xBB9bc244D798123fDe783fCc1C72d3Bb8C189413 0x5c40ef6f527f4fba68368774e6130ce6515123f2

    Now I need to figure out how to interact with them to claim the ETH back.

    The approach to do this via MEW with the old client version no longer works (rpc.myetherwallet.com/api.me is now offline).

    Is there another approach to doing this?

    I don't have enough hdd space to sync the full blockchain so looking for a lightweight solution ideally.

    https://ethereum.stackexchange.com/questions/7265/how-do-i-get-a-refund-for-the-amount-i-paid-in-excess-of-1-ether-to-100-the-dao

    submitted by /u/Thisishuge
    [link] [comments]

    Low fee transaction not passing through (but should)

    Posted: 29 Aug 2020 06:29 PM PDT

    My transaction is not passing through.

    I sent a transaction with a very low gas fee of 21Gwei but regarding https://gitcoin.co/gas/history?breakdown=hourly, it deeps below that a few time already.

    Am I missing anything ?

    submitted by /u/_DTM-
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment