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    Ethereum Ethereum 2.0 staking rewards coming to Coinbase in 2021

    November 30, 2020

    Ethereum Ethereum 2.0 staking rewards coming to Coinbase in 2021

    Ethereum 2.0 staking rewards coming to Coinbase in 2021

    Posted: 30 Nov 2020 11:53 AM PST

    The Deposit Contract passed half a billion dollars in staking value!

    Posted: 30 Nov 2020 08:39 AM PST

    When will be Ethereum 2.0 Usable?

    Posted: 30 Nov 2020 05:25 AM PST

    Amazing People of Ethereum community,
    I have a few missing pieces in a Ethereum 2.0. As far as i know ongoing phase is just for validators. Meaning that if you send ETH to new version of blockchain you got to lock them in your validator node for staking and this will take some time.
    My question is when will you be able to unlock ETH 2.0 and actually do something with it (meaning transactions).
    My second questions is for smart contracts on ETH 2.0. I understand that in phase 0 there will be no smart contracts. So i guessed that in phase 1 (sharding) smart contract funcionality will be implemented right ?
    Recently i ve read piece from Vitalik that Phase 2.0 might never come and i used to think that Phase 2 is a new implementation of smart contracts funcionality - so i am bit confused and would very much appreciate any information on the topic.

    Thank you and happy

    submitted by /u/EddieBoong
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    Real Vision's brand new Ethereum Documentary has just been published. It's 90 minutes long & includes interviews with Vitalik, joe Lubin, Kain Warwick, Hudson Jameson, Paul Brody, Raoul Pal & more.

    Posted: 30 Nov 2020 01:00 PM PST

    What’s New in Eth2 - 30 November 2020 -- *The Eve of Mainnet Edition*

    Posted: 30 Nov 2020 06:28 PM PST

    32+ ETH and holding - Staking Advise

    Posted: 30 Nov 2020 07:14 AM PST

    Have well over 32 ETH, ready to steak for long term holding. Problem is I do not have the hardware for running the stake.

    Can anyone make suggestions for bare minimum staking server requirements?

    Currently working off an apple software and looking to upgrade to a gaming rig. Do I build two PCs, one for gaming and another for server, or create one to serve both needs?

    Ideally a budget of $1600 or so, just came into a bonus and this seems like a great way to invest it.

    Will a more robust server aid the community?

    submitted by /u/Diplomatt1986
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    A plain english explanation on what to expect from Ethereum 2.0

    Posted: 30 Nov 2020 09:20 AM PST

    Seven years after Vitalik Buterin published the Ethereum whitepaper in 2013, Ethereum has evolved into a thriving financial ecosystem. In 2020, the network is on pace to settle nearly $1 trillion in annual transactions for the first time, and currently supports over $100B in assets and tens of thousands of applications.

    Despite Ethereum's undeniable success, its aspirations are loftier still. It aims to secure a significant base of the global economy, all while remaining globally accessible to individual users at its base layer. Achieving this under Ethereum's current throughput of 15 transactions per second is simply not feasible.

    Ethereum 2.0 is a major network upgrade, years in the making, that if successful will scale Ethereum's throughput by more than 1,000x, without sacrificing decentralization. It will also transform the network's native asset, ETH, by bestowing it with new properties while bringing its long term inflation rate down below 1%.

    With the numerous layer-1 competitors eying Ethereum's market share and the recent surge in DeFi activity pushing Ethereum to its limits, the stakes could not be higher.

    The first major phase of ETH 2.0 will kick into high gear tomorrow at 12pm UTC (7am EST) with the launch of Phase 0 and the Beacon Chain.

    Phase 0

    Ethereum 2.0 essentially boils down to creating a new blockchain from scratch with a new consensus mechanism (proof of stake) and new architecture (sharding) before porting all of Ethereum's existing applications to the new chain without disruption.

    The Beacon Chain is Ethereum 2.0's proof of stake blockchain. Where Ethereum is currently secured via Proof of Work miners, the Beacon Chain will be secured through Proof of Stake validators. Where proof of work involves running specialized hardware that consume vast quantities of electricity, proof of stake requires downloading some software and committing a stake of 32 ETH to a smart contract.

    While the launch of the Beacon Chain will capture much of the excitement in the near future, outside of bootstrapping a network of proof of stake validators, this chain will have little functionality. Sharding and smart contract support will not be introduced until later phases.

    Before Ethereum can port existing applications over to Ethereum 2.0, it's next phase will need to launch which won't occur until a year from now at the earliest.

    Phase 1

    Once Phase 0 has been completed and ETH 2.0's validator set is firmly in place, Phase 1 will implement new architecture for how the Beachon Chain stores data, called sharding.

    Currently, Ethereum full nodes must store a full history of every transaction that's ever occurred and process every new transaction on the network. This makes running a full node onerous and is a primary source of Ethereum's scaling woes.

    Sharding will subdivide Ethereum's Beacon Chain into 64 pieces, or "shards". Where nodes currently store data for the entire blockchain, each shard will have its own subset of nodes processing it. Sharding alone will scale Ethereum's throughput by 64x.

    Even when sharding is implemented (possibly around this time next year), the entire Ethereum ecosystem will continue to run in parallel on the proof of work chain.

    Phase 1.5 - "The merge"

    Once Ethereum's Beacon Chain has a full set of PoS validators securing the network, and the chain has been subdivided into 64 parallel shards, then it will be time to merge Ethereum as we know it today into Ethereum 2.0.

    This will be accomplished by merging all of the smart contracts and transaction data from the PoW chain into a shard under the PoS chain. At this point, Ethereum will have successfully transitioned from proof of work to proof of stake.

    However, this will not take place until some time until 2022, so the earliest point in which the average Ethereum user today interacts with Ethereum 2.0 is at least one year away.

    Phase 2 (that may never happen)

    When the merge between Eth1 & Eth2 takes place, all of the smart contracting execution will take place within a single shard on Eth2.

    The final phase of Ethereum 2.0, Phase 2, involves unlocking smart contract execution across some or all the Beacon Chain's 64 shards. Additionally, phase 2 may introduce a new virtual machine.

    However, this phase may end up being unnecessary with phases 0-1.5 and the adoption of a layer-2 scaling technique called "rollups." Rollups are a type of layer 2 scaling technology that process transactions independently of the Ethereum blockchain, but settle snapshots of their state to the main chain.

    Rollups + "Phase 1.5" would amount to a ~10,000x+ improvement in network processing capacity over the current state of Ethereum. This means that if current layer-one protocols embrace rollups, Eth2 as it's currently laid out may never fully launch, but Ethereum will reach its desired scalability within the next two years.

    The messari team has put together a massive report on ETH 2.0 (which was the source of the breakdown). You can get it here.

    submitted by /u/CryptigoVespucci
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    ETH 2.0 is going to be live tomorrow! GuardaWallet will launch the Ethereum Staking pool soon after that, stay tuned :)

    Posted: 30 Nov 2020 04:25 PM PST

    Ethereum Signature Database now supports Event signatures

    Posted: 30 Nov 2020 02:43 PM PST

    Ethereum 2.0 Launches Tomorrow. Here’s What to Expect

    Posted: 30 Nov 2020 06:28 PM PST

    Non-Ethereum coin sent to Ethereum address

    Posted: 30 Nov 2020 09:37 AM PST

    Hello,

    I recently worked with a client who accidentally sent a non-ERC20 coin to an Ethereum address; specifically, it was "Theta". This coin was an ERC20 token until 2 years ago when it was moved to its native blockchain - unfortunately the developers kept the Ethereum public address format, so now most wallets and exchanges will not throw an error if THETA is being withdrawn to an ETH address.

    ​

    Being in possession of the private key and seed, is there any way of retrieving the coin from the address? THIS method was attempted, but without success. If the private key or seed is used to log into a Theta wallet, the wallet value shows 0 Theta (looking up the public key, however, shows the funds in the address).

    ​

    I know this is not a problem caused by Ethereum, but maybe someone here has another idea of how this could be resolved. I advised my client to also contact the THETA team directly.

    ​

    Thanks in advance

    submitted by /u/cryptoballoffcl
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    Yesterday I asked Reddit to explain the 2.0 update, so I figured I'd try making a video explaining it!

    Posted: 30 Nov 2020 04:01 PM PST

    I hope no one minds, but I know I sometimes like to listen to things instead of reading it. I will also post a TL;DW incase anyone is curious as I am. If a mod wants to remove this, no biggies! If you guys watch, I'd love some feedback on this as well, as I'm not usually too good at these types of videos!

    https://www.youtube.com/watch?v=h9xY2ysEV5E&feature=youtu.be

    (beware, annoying crypto shilling when I'm explaining eth. Just skip that haha.)

    ​

    If you guys don't want to watch and are curious, my thoughts or major points everyone seemed to note was:

    ​

    Switching to POS instead of mining which is the biggest change overall. Which means you earn eth from staking and validating the network instead of mining it. Which also with this upgrade it improves the speed, scabability, and I believe safety of the network. It also has the perk of it being better for the enviornment and allowing different types of dapps to be developed in the future. Also I believe lower gas fees on the network as well.

    ​

    Staking is able to be done with helping validate the network with the 32 ethereum, but coinbase and I'm sure other pools will be adding pooling options to earn interest on your ethereum.

    ​

    Also eth 2.0 is not technically taking over eth as of now, but moreso it is STARTING the building process and building towards it, which is why there was a very big incentive for early hosters to start building and moving the network over.

    If anyone can offer more of an explaination, as in the video I was iffy on how the full on process moving over to eth 2.0 will go. From what I read it seemed like it's not fully going to transfer over yet, and is still to be determind, but I was reading where it could be the entire networked moved on in transaction, and also hearing how it'd be mimicing the ETH chain for awhile and then eventually moving on over. That was the one part even in the video I'd like more clarifcation on!

    ​

    Anyway, let me know if you guys liked the video or this very quick rough type up, and if anyone wants to elaborate more for folks I'd love to hear it! Thanks for reading, and I hope no one hates me for the video post!

    Special thank you to cryptocraze_0/ Etan 1 and iamtomorrowman and i_thank_you who had some very easy to explain comments on my reddit thread, and everyone who commented on the thread yesterday who encouraged me to do more research on my own!

    submitted by /u/TwitchScrubing
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    Why providing liquidity to Uniswap today is inefficient, and how we can make it more efficient

    Posted: 30 Nov 2020 01:20 PM PST

    Today, the liquidity providing market is full of inefficiencies, mainly:

    • Impermanent loss is a big risk for liquidity providers. Many prefer to avoid that risk by earning lower yields in safer ways.
    • When providing liquidity to a pair, the liquidity provider must provide the tokens in the exact ratio. For example, on Uniswap each pair is made of two tokens. The liquidity provider must provide 50% of the value with the first token and 50% with the second.
    • LP tokens are not accepted as collateral by almost any lending market, even if they are backed by tokens that are usually accepted as collateral.

    These are some of the reason that discourage potential liquidity providers to contribute to AMMs, and therefore the reason why, now, the liquidity providing market is suboptimal.

    A lending market designed for LP tokens

    We (Impermax Finance) are building a lending market where borrowers can use the LP token of a pair as the collateral to borrow the assets that make up that pair. For instance, the LP token of the pair ETH/DAI can be used as collateral to borrow ETH and DAI..

    We will be using an innovative collateralization model specifically designed for LP tokens that will take advantage of the fact that the collateral is backed directly by the assets borrowed. LP tokens holders will be able to leverage their investment and even multiply their yield by several factors.

    The first AMM that we will add is Uniswap, and in particular we will support all the pairs supported by Uniswap V2. Read more about the mechanics of our lending market.

    Making liquidity providing more efficient

    This kind of lending market will create a lot of new possibilities for liquidity providers. They will act as lenders or borrowers.

    • Lender will be able to indirectly provide liquidity to the AMM, so earn a yield on any token supported by the AMM without any exposure to impermanent loss. Also, they won't need any specific ratio of tokens to start investing but can provide as liquidity any number of tokens they prefer.
    • Borrowers will be able to use all their LP tokens as collateral, and so use them to borrow assets and to buy more LP tokens, thus leveraging their yield. They will still be exposed to impermanent loss, but as Peter Ducker said: "All profit is derived from risks".

    We're giving liquidity providers the tools to adjust their risks by acting as either lenders or borrowers. We think that lending will attract more investors to the liquidity providing world as the risk introduced by the impermanent loss is removed. At the same time, we're also giving the possibility to leverage a certain LP token when it may be undervalued. This will make the liquidity providing market a lot more efficient.

    Read on the website: https://impermax.finance/the-inefficiencies-of-the-liquidity-providing-market-on-uniswap-and-other-amms/

    submitted by /u/JokerTheBond
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    DeversiFi - A high-speed trading platform capable of 9000 TPS

    Posted: 30 Nov 2020 10:03 AM PST

    The Burden of Proof(s): Code Merkelization - Griffin Ichiba Hotchkiss

    Posted: 30 Nov 2020 10:30 AM PST

    Everstake has successfully upgraded ETHEREUM 2 beacon chain nodes to v1.0.2 ��

    Posted: 30 Nov 2020 03:51 AM PST

    Crypto Wallets Are Not Bank Accounts - AVC

    Posted: 30 Nov 2020 06:31 PM PST

    What is the purpose of Consensys since the Ethereum Foundation exists?

    Posted: 30 Nov 2020 05:24 PM PST

    Considering the Ethereum Foundation exists, what is the purpose of Consensys?

    Couldn't the Ethereum Foundation approve grants for developers with ideas similarly to how Consensys provides venture capital to developers with ideas?

    Is there anything that Consensys can do that the Ethereum Foundation cannot? Please, somebody help me understand the key differences for the two separate existences.

    submitted by /u/ajc9630
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    DeFi Protocol Pickle Finance Token Loses Almost Half Its Value After $19.7M Hack

    Posted: 30 Nov 2020 10:10 AM PST

    Don't miss AMA from ReeF Finance CEO on Collaboration with Matic Network

    Posted: 30 Nov 2020 09:47 AM PST

    The deposit contract has half a billion dollars staking now! Wow

    Posted: 30 Nov 2020 08:40 AM PST

    Hamster-powered marble races come to Ethereum

    Posted: 30 Nov 2020 01:51 AM PST
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