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    Ethereum Just grabbed this NFT from the Niftygateway drop, thoughts?

    February 15, 2021

    Ethereum Just grabbed this NFT from the Niftygateway drop, thoughts?

    Just grabbed this NFT from the Niftygateway drop, thoughts?

    Posted: 15 Feb 2021 05:58 PM PST

    What is Ethereum ? To beginners and not quite

    Posted: 15 Feb 2021 08:42 AM PST

    Hello redditors,

    We've just published a new article dedicated to Ethereum on D.Center – I paste it here hoping it could be useful to beginners interested in the asset, and maybe even to some crypto amateurs who could discover new things 😊

    The blockchain aiming at "decentralizing everything", Ethereum brings its benefits to numerous domains by enabling complex smart contracts and Dapps.

    Diverse use cases and the absence of an easily customizable blockchain helped formulate a need for a multi-purpose blockchain, on which a wide array of applications could be built. The first to come with a solution was a Russian-Canadian developer Vitalik Buterin, who submitted the Ethereum concept to the crypto community in late 2013. After a successful crowdfunding in 2014 the platform went live by July 2015.

    The major innovation of Ethereum that distinguished it from Bitcoin was a wide range of possible smart contracts that could be coded on its blockchain. A smart contract is basically a computer program registered on a blockchain that is executed by the EVM (Ethereum Virtual Machine) when a transaction is sent to its address; the results of a program execution are themselves being stored on a blockchain. The DApps (decentralized applications) using these smart contracts enjoy all security and independence benefits of a blockchain: program execution is entrusted to a decentralized network instead of a single third party.

    Ethereum consensus and fees

    In order to incentivize Ethereum nodes to run smart contracts, fees are paid for every transaction. These fees are paid in a special unit called gas and depend on the amount of computations to be done. Gas can be bought with Ethereum native currency Ether (ETH), the price being decided by the market according to the supply/demand ratio.

    Ethereum uses a Proof-of-Work consensus, like Bitcoin, although it has some specificities of its own: hashing function is Ethash and a block is added every 15 seconds. Ethers are generated as a miner's reward for adding a block, however there's no hard cap on their total emission. Current yearly network issuance is approximately 4.5%, and will be reduced with ETH 2.0

    Ethereum tokens

    Ethereum is also a very convenient platform for the creation of tokens - digital units circulating on a blockchain and representing a certain value assigned to them by their creator. Its ERC20 (fungible) and ERC721 (non-fungible) tokens have become the standards in the industry and are being used extensively.

    DAO

    Ethereum can be used to build Decentralized Autonomous Organizations (DAO). A DAO is an organization with governance defined by smart contracts registered on a blockchain. A DAO allows a group of persons to interact using an open source protocol with auto-executing qualities; this protocol and the associated smart contracts formalize the organisation's operation rules. Once deployed, a DAO is independent from its creator and isn't controlled by an entity, but rather by a consensus between its participants, according to its blockchain-registered code. The owners of tokens associated with a DAO are assigned voting rights and are often rewarded for their participation in the DAO's governance.

    The transparency and immutability of the blockchain make such organizations difficult to corrupt, proposing an alternative model to centralized organizations. There are lots of DAO in the DeFi (Decentralized Finance), the most famous being Maker DAO - a lending platform managing the dollar-pegged stablecoin DAI.

    ETH 2.0 and Casper

    Ethereum relying on a PoW consensus, it has its standard disadvantages: the blockchain is rather slow, costly and energy consuming. To overcome these drawbacks an important update has been planned since Ethereum conception: initially called Serenity and now mostly referred to as ETH 2.0, this update has been released in December 2020. It has been deployed on a parallel chain first, in order to conduct all the necessary tests before becoming the main Ethereum chain.

    ETH 2.0 relies on a consensus called Casper, which is a version of the PoS consensus: validator nodes stake a minimum amount of 32 ETH to be able to propose a block or to validate it. The new consensus would also improve the blockchain's scalability, allowing a blocktime of just a couple of seconds.

    ETH 2.0 will also affect the annual Ether emission rate, which will be significantly decreased, or even become negative.

    Ethereum today

    Ethereum is the most popular blockchain for DApps development, with over 5000 DApps built on it. It is a major blockchain for the Decentralized Finance, or DeFi, with an important new metrics - TVL (Total Value Locked), representing the collateral locked in different types of DeFi applications - exceeding $50 BN worth of crypotoassets.

    ETH 2.0 is a major ambition for Vitalik Buterin. According to the Ethereum creator, the 4 major problems that need to be solved to push Ethereum to the next level are privacy, consensus safety, smart contract safety, and scalability. Some would add a governance issue to the list, for its role in blockchain's life is crucial.

    The original post is available at https://d.center/en/explore/ethereum

    submitted by /u/D_Center
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    Ethereum NFT Market Primed for Explosive Growth in 2021

    Posted: 15 Feb 2021 01:36 AM PST

    ETH Mining Fees

    Posted: 15 Feb 2021 08:46 PM PST

    Can anyone explain the best way I can go about these crazy high fees on ETH? I can some UNI in my coinbase wallet and want to send it to an exchange but the fees are about $40. Do I wait for the fees to go down or do I just bite the bullet? Sorry I'm kinda new to this.

    submitted by /u/JustG93
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    i miss the old ethereum website ��

    Posted: 15 Feb 2021 05:34 PM PST

    Staking Ethereum?

    Posted: 15 Feb 2021 03:45 AM PST

    I'm basically new to cryptocurrencies and I saw today that you can "stake" your ETH. Because I don't have 32 ETH for a full stake, I saw that there are companies that are stake "pools". It looks like I would be required to run some sort of software to be part of it. These companies charge you 10-15% of your staking interest profits.

    So my questions are: 1. What is "staking" in layman's terms please. 2. Is it a good idea to stake ETH?

    submitted by /u/daveboy1810
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    ⟠ Latest Week in Ethereum News

    Posted: 15 Feb 2021 09:14 AM PST

    (Almost) Everything you need to know about Optimistic Rollup

    Posted: 15 Feb 2021 09:51 AM PST

    Is CryptoKitties still a thing?

    Posted: 15 Feb 2021 09:03 AM PST

    CryptoKitties was once the driving force of ETH transactions and what is going on with them now?

    submitted by /u/riotryan329
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    NFTs : can small artists actually sell their art online?

    Posted: 15 Feb 2021 06:36 AM PST

    I get that some big names like beeple can sell their artworks in 5seconds, but do people actually buy from smaller/unknown artists? Also why are the front page artworks all so average/bad (it's subjective but still) on websites like Rarible?

    submitted by /u/DjangoWiseau
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    Why did gas price fall to 9 gwei yesterday?

    Posted: 15 Feb 2021 04:11 PM PST

    I noticed that gas fell to 9 gwei for a brief period on Sunday. Why did this happen?

    source: https://ethereumprice.org/gas/

    submitted by /u/newhero
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    What are this 8893 transactions associated with the genesis block of ethereum?

    Posted: 15 Feb 2021 09:03 AM PST

    Should tx fees stop me adding ethereum to my portfolio?

    Posted: 15 Feb 2021 11:59 AM PST

    Seeing a lot about high fees to move ethereum around. It seems to be a problem I've seen cropping up recently in discussions around ethereum.

    I understand this will get some biased responses but I'd like to hear your take.

    submitted by /u/stevo_rws
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    How can i gain ethereum?

    Posted: 15 Feb 2021 07:14 PM PST

    I know asking here is lazy but honestly i feel like most YouTube videos are scam or people saying stuff they don't understand for the views so they get money. Can you guys list all the ways you know for gaining ethereum?

    submitted by /u/ad_396
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    $3.1MN NFTX Transaction for NFT Index Fund

    Posted: 15 Feb 2021 09:59 AM PST

    Loopring is so awesome for token swaps and LPs

    Posted: 14 Feb 2021 09:07 PM PST

    Stream pending transactions with ethers.js -- a step-by-step guide

    Posted: 15 Feb 2021 11:36 AM PST

    Can i mint my own NFTs?

    Posted: 15 Feb 2021 05:19 PM PST

    I want to mint some NFTs, i have some ideas in mind. Because the gas price is too high, is it possible to do miners' job myself and mine a little just enough to mint my own product?

    submitted by /u/vanotterlo
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    I want to build a casino game on Ethereum and issue an ERC20 token for it. Where should I begin to learn to build that? Thanks!

    Posted: 15 Feb 2021 11:17 AM PST

    Is it safe to send with "Gas price extremely low"?

    Posted: 15 Feb 2021 10:03 AM PST

    So I'm just looking to send some Tether from my wallet to Kraken and I'm using Metamask to do this because of their somewhat customizable gas fees as I don't have much ETH at the moment. I'm somewhat of a noob to this and don't want my Tether to be thrown into the void. Metamask lets me set a GWEI of like 90ish without complaint but I do get a yellow highlight around the box saying that the gas price is extremely low. Will this result in me losing my funds or will they just take longer to appear in Kraken?

    submitted by /u/cdtommy
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    Celer cBridge: Fast and Low-cost Value Transfer Network for an Interconnected Layer2 and Layer1 Future

    Posted: 15 Feb 2021 09:11 AM PST

    We are thrilled to introduce Celer cBridge, a multi-chain network that enables instant, low-cost and ANY-to-ANY value transfers within and across Ethereum's layer-2 chains, Ethereum main chain and in the future, other layer-1s, and layer-2 on top of those other layer-1 chains.

    A summary of some immediate use cases of Celer cBridge are：

    - Instant and low-cost multi-hop value transfer between multiple different layer-2 networks on Ethereum, including Optimistic Rollups, such as Optimism, Arbitrum and Celer Rollups, and PoS Sidechains such as Matic and SKALE, without going through the underlying layer-1 blockchain.

    - Instant entering and existing layer2 from/to Ethereum layer-1 without long delay.

    - Two-way bridging between layer-2 on one blockchain and completely different layer-1 blockchains without going through the corresponding root layer-1 at all.

    - Seamless connection to Celer State Channel Network in any single chain with full cross-chain routing support.

    Read More here: https://blog.celer.network/2021/02/15/celer-cbridge-fast-and-low-cost-value-transfer-network-for-an-interconnected-layer2-and-layer1-future/

    submitted by /u/no89key
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    Created my first NFT! Well.....my 4 yr old daughter did :)

    Posted: 15 Feb 2021 07:31 AM PST

    Created my first NFT! Well.....my 4 yr old daughter did :)

    Trying to learn the process and the fees involved (which are quite higher than I expected!). Thought a great starting piece would be something that could help my budding 4yr old artist to pay for her schooling one day (if the government doesn't make education free by then :) )

    Check it out, please share any tips you might have , and of course, feel free to buy one! You might be helping the next Picasso pay for art school :)

    https://app.rarible.com/token/0xd07dc4262bcdbf85190c01c996b4c06a461d2430:133273:0xbc98231018793acf65165167ddf08bd5b757f8f0

    ​

    \"Bumblebee\"

    submitted by /u/whooligun
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    Why a lot of hardcore Bitcoiners really hate ETH?

    Posted: 15 Feb 2021 08:55 AM PST

    Some people over at r/Bitcoin seem to really hate ETH. They think it's a sham and will soon become worthless.

    What do you think?

    submitted by /u/snapekilledyomomma
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