• Breaking News

    Friday, February 5, 2021

    Ethereum Milestone: ETH Set to process its 1 Billionth transaction sometime today!

    Ethereum Milestone: ETH Set to process its 1 Billionth transaction sometime today!


    Milestone: ETH Set to process its 1 Billionth transaction sometime today!

    Posted: 05 Feb 2021 06:45 AM PST

    Amazing work by the devs all over the Eth ecosystem, congrats!

    submitted by /u/pegcity
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    Ethereum 2.0 is secured by more than 5 Billion USD ��

    Posted: 05 Feb 2021 09:38 AM PST

    Ethereum is possibly the coolest sounding cryptocurrency.

    Posted: 05 Feb 2021 12:56 PM PST

    In my opinion, it sounds:

    -advance -valuable -utopian -rocket-y -protossy (starcraft reference) -galactic -future -massive -flight -if buzz light year would own one cryto I think it would be eth.

    Do we have any other contenders? What are your thoughts?

    submitted by /u/Jhagermeister
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    My experience selling my first NFT artwork.

    Posted: 05 Feb 2021 03:49 PM PST

    After major fomo hearing about how artists are turning to NFT's and making a killing, I decided I would do a little research and try my own creation just to see what the process is like. I felt like Rarible would be a good first place to start and hopefully stand out as a jewel among some of the crap. I already had some ethereum and had to transfer it to a wallet. That's the first fee. Whenever you transfer the stuff, it costs money. I connected my wallet, which practically serves as your profile and place where you keep collectibles as well as crypto. I picked a scan of a drawing that I liked and began the upload process. It's all pretty easy, but they don't really talk about how expensive it is to post things. This scales based on the workload of the network. And now, it's crazy high. I spent about $60 to post after all the fees, and that's when it was pretty low. I was open to any transaction, I just wanted someone to have my art and see how it works, so I left the bid open. After I posted it to the gram, my friend placed a $1 bid! Cool! I'll take anything for the first time trying! Excited, I accepted and found that there was a $100 miner fee... again... to complete the bid. Now, I'm no business major, but none of this makes any sense. So I'm boiling this experience down to the following feelings/possibilities: right now it's too expensive to add your work because a lot of people are using the network to process things. Unless you have work that will sell enough to cover miner fees, it isn't worth it. There may be better websites to post on, but some of them require an application process. Could some sites be playing off the recent publicity and just trying to make a dime off the little guy through fees? How are so many things selling for so low? Fees, fees, and more fees. I once told myself I'd never pay to play again but I feel like I paid and got played... On purpose. Overall, I was happy to take a risk and learn some valuable lessons. Actually, I still haven't really learned much. But I did spend almost $200 to let my friend have a digital version of my art. Can we talk about how nice I am?

    submitted by /u/robbanderson
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    Happy Weekend friends!

    Posted: 05 Feb 2021 12:57 PM PST

    Dealing with gas fees.

    Posted: 05 Feb 2021 07:09 PM PST

    How are you guys dealing with the insane gas fees right now? I can't even participate in DeFi! As a result, I have increased my holdings in ETH 2.0 hedges like Cardano ADA and Polkadot DOT.

    submitted by /u/BitKidCrypto
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    How likely is cardano the “ethereum killer”?

    Posted: 05 Feb 2021 07:42 PM PST

    Hi I am new to crypto and have seen the term "ethereum killer" floated around for cardano. It seems like ethereum has such a commanding market lead that is it realistic for cardano to ever really catch up? Could cardano and ethereum both exist in the same ecosystem in a complementary fashion similar to what polkastarter is trying to do, or does one have to win out?

    submitted by /u/wombilybear
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    Ethereum 2.0 question

    Posted: 05 Feb 2021 12:50 PM PST

    Hi, I recently got into crypto and invested a little in Ethereum. I'm in Europe and currently using Bitvavo as a platform. Now my understanding of crypto is limited but from what I gather Ethereum 2.0 is set to release in a bit. Now I tried to research this beforehand and couldn't find straight answer.

    My questions are:

    1. Will Ethereum 2.0 make Ethereum 1.0 absolete?
    2. Do Ethereum 1.0 tokens carry over to 2.0? Do i have to do this manually?
    3. If not what would be the best to invest in 1.0 or 2.0 for a longer term hold?

    I'm sorry if the answers to these questions are obvious I couldn't find them. And if they don't even make sense because I misunderstood please enlighten me to what is actually going on. Thanks a bunch!

    submitted by /u/Dried-up
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    What's the future for Ethereum if gas prices are so high?

    Posted: 05 Feb 2021 06:47 PM PST

    Are high gas prices a solvable problem? 2.0 seems like it'll help but will gas prices increase again if the number of transactions increase?

    submitted by /u/p_k
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    How does a dapp currency increase in value?

    Posted: 05 Feb 2021 05:39 PM PST

    Sorry if this is a dumb question. But I am newly obsessed with the concept of defi and haven't been able to understand how this works. Let's say aave for example, how does their currency increase in value? Just by others buying it? Is it somewhat like a traditional stock in the sense that it's value will increase upon speculation of the dapps future growth?

    submitted by /u/wbidXD
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    Is this seriously what it costs to move ETH to a hardware wallet or is this Coinbase being Coinbase?

    Posted: 05 Feb 2021 10:34 AM PST

    How to Build a DAO on Colony

    Posted: 05 Feb 2021 08:12 AM PST

    Gasnow https://www.gasnow.org/ displays historical gas price data

    Posted: 05 Feb 2021 07:54 AM PST

    Best mobile wallet?

    Posted: 05 Feb 2021 03:03 PM PST

    EthDenver ConsenSys Bounties are live! Fire up your tools (Designers and Coders)

    Posted: 05 Feb 2021 01:09 PM PST

    Diligence

    Bounty #1: Scribble ($500):

    Scribble is a runtime verification tool for Solidity that transforms annotations in the Scribble specification language into concrete assertions that check the specification. In other words, Scribble transforms existing contracts into contracts with equivalent behaviour, except that they also check properties.

    Bounty #1: Add Scribble annotation to Uniswap with the following repos

    Uniswap Core V2: https://github.com/Uniswap/governance/tree/master/contracts

    More on Scribble:

    You also get access to a fuzzing campaign and Mythx Pro subscription. Hit us up on Discord for any questions: https://discord.com/invite/E3YrVtG

    Bounty #2: Diligence Design Bounty ($500)

    Ethereum is a dark forest, you are riding a unicorn to the moon while fighting the flying bugs with a lightsaber. Come up with slick designs, artworks, cover pictures, logos, let your artistic mind go wild for ConsenSys Diligence.

    The top 3 best designs get up to $500 and exposure on all our social networks and newsletters. Not to mention their own design on the next conference goodies package (Hoodies, hats, stickers, etc).

    Submit your designs here: https://forms.gle/cDbCoZ9zs1PcVjup7

    ---------------------

    More bounties can be found here: https://www.ethdenver.com/post/consensys

    submitted by /u/shayanbahal
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    It’s time to raise the gas limit

    Posted: 05 Feb 2021 05:24 PM PST

    New To Trezor. How To Find The Same ETH Address From Ledger Legacy?

    Posted: 05 Feb 2021 07:17 PM PST

    Hello, i restored the same 24 words backup phrase from my ledger into my trezor but I don't know how to detect the same ethereum address that I previously used on ledger (mew/mycrypto legacy). I tried to use trezor suite, metamask, even connect my trezor to mycrypto app but none of them is able to detect the ethereum address that is stored inside ledger mew/mycrypto legacy folder.

    How are you able to use the same ethereum address that can be used on both trezor and ledger hardware? And what's the point of having the ability to restore the same 24 words backup phrase if i cannot access the same wallet address?

    submitted by /u/rudtjeban
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    Is mining ethereum a good option ? Is it worth me investing in a decent graphical PC to mine crypto or other commodities? Thanks for the response guys I just want to learn all my options

    Posted: 05 Feb 2021 03:03 PM PST

    We made ETH's fast gas prices tradable ironically on-chain...

    Posted: 05 Feb 2021 04:35 PM PST

    Returning to Ethereum after a while, and could use help recovering old wallet

    Posted: 05 Feb 2021 12:29 PM PST

    My old Mist wallet doesn't seem to work anymore, I have my keystore files but have forgotten the password for the wallet with my 1 ETH. Is brute force my only option? If it is, what's the best program to use?

    submitted by /u/TheBakedGod
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    Fees

    Posted: 05 Feb 2021 08:41 PM PST

    I transferred about $90 of ETH, the initial fee was something like $7 and then my exchange took another $15 (when transferring it from my deposit wallet to their pool). Total was a 20% loss.

    Is this normal or does my exchange suck?

    submitted by /u/RepresentativePlane1
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    How to make your own NFT art gallery on the ETH blockchain

    Posted: 05 Feb 2021 08:40 PM PST

    Estimates on EIP-1559 and ETH 2.0 effects on gas required?

    Posted: 05 Feb 2021 08:39 PM PST

    Does anyone have a guesstimate of what the impact will be? What magnitude of discount on the amount of gas required for transactions can we expect for each of these updates to Ethereum?

    submitted by /u/WildRacoons
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