• Breaking News

    Saturday, March 13, 2021

    Ethereum TurboTax could never

    Ethereum TurboTax could never


    TurboTax could never

    Posted: 13 Mar 2021 01:20 PM PST

    Got my next batch in of gift cards. I added a few new ones to give out to some of my students if they pass a quiz at the end. It's not much but they get excited to get into crypto.

    Posted: 13 Mar 2021 01:09 PM PST

    Some technical proposals that were considered for the ethereum protocol but never made it in: a history

    Posted: 13 Mar 2021 01:25 PM PST

    There have been a lot of protocol changes that have been suggested for Ethereum. Some were implemented quickly, others were implemented after many refinements, and still others were forgotten because of disinterest or because they proved to create more problems than they solve. Some of these ideas may be best left for dead, but others, after improvements, perhaps could make it in after all (though after high-priority stuff like merge, statelessness and EIP 1559). Here's a few examples of ideas that were once considered and are now ignored.

    Asynchronous calling

    In the earlier stages of Ethereum's development (pre-launch), there was an opcode that was proposed called POST. A POST is equivalent to a CALL, except instead of the call happening immediately, the call happens at the end of thee transaction. It was abandoned because of pressure to launch on time and because there was not enough obvious value for it. Later on in 2016-18, there were serious discussions about revamping the VM in the context of sharding, and one of the ideas on the table was to make all calls asynchronous. This too was abandoned, as the sharding design moved to a maximally-simple MVP: just make many copies of the existing EVM and give them a simple (by necessity asynchronous) channel to talk to each other, but allow synchronous execution within shards. Demand for "defi composability" further closed the door on this, and Ethereum moving to an all-asynchronous model now seems very unlikely.

    Transparent sharding with automated load balancing

    Transparent sharding is a form of sharding where contracts would not even be able to tell which shard they are on, and contracts could be moved between shards by the protocol. The protocol would automatically move contracts between shards to ensure that the load on each shard remains about the same. This was also abandoned in response to remands for sharding to be simplified so that it could ship faster; additionally, it was never clear why this kind of sharding is better than "economic load balancing", where contracts themselves could hop between shards if they choose to, and users would naturally migrate to shards with lower gas costs and thereby help balance out the load.

    Delayed calls

    In early 2015, an opcode called ALARM was also proposed. This opcode would also do a call, except the call would execute in some future block. This has many use cases; for example, withdrawals from rollups could finalize automatically, users who put their funds into bids at auctions could get their funds back when the time expires, etc. There are also applications for censorship resistance: a user could publish a transaction with an ALARM call, where the effect of the transaction depended on some other behavior that the user knew would happen between transaction sending time and alarm execution time, and block producers would not be able to censor it, MEV bots would not be able to manipulate it, etc.

    This proposal was shelved out of pressure to launch faster, and we later learned that there actually is a lot of unforeseen technical complexity in making this work well. Particularly, imagine that all blocks [N ... N + 99999] make an ALARM call that triggers in block N + 100000. This would cause a huge spike in gas usage in that block. Solving this problem seems to require some notion of being able to pre-purchase gas of a future block, where the supply that can be pre-purchased is limited, but in principle it can be done.

    SSTORE arbitrary-sized objects into one slot

    This proposal was made with the goal of increasing efficiency and code simplicity, allowing users to save longer objects (strings, code...) into single storage slots, without the contract having to do a loop to split it up in many storage slots and without the Ethereum blockchain having to do all the extra hashing work of including many storage slots instead of one. The proposal was abandoned because it turns out that the complexity of figuring out gas costs for such a scheme is high, there may be database issues, and generally it adds very significant protocol complexity. Recent ideas are trying to go in the opposite direction, turning the one type of long contiguous storage that we do have (code) into a tree!

    Parallelizable execution

    EIP 648 tried to add support for parallelizable execution, where transactions could specify which portions of the state they touch, and if two transactions touched disjoint parts of the state they could be processed in parallel. If we assume that Ethereum clients are multithreaded (most modern computers are), then this could significantly increase scalability. The proposal was shelved in part because it turns out that VM execution is not even the biggest bottleneck in limiting the safe amount of gas in a block (disk accesses and state size are), and even if we implemented it, Ethereum nodes would still become heavier and more difficult to run. However, the proposal is theoretically completely viable, and optimistic rollup projects are considering implementing it for the more high-performance-oriented EVM environments within their rollups!

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

    Proof of stake

    Posted: 13 Mar 2021 03:44 AM PST

    Hi, since ETH 2.0 uses a POS algorithm, I was wondering if that could have any effect on the transaction time, what I mean by that is will it be any faster than POW? I tried searching online but I couldn't get the answer to my question.

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

    Have owned ETH for a few years but clueless as to any of whats going on: 2.0, staking, PoS, PoW, EIP1559, validators, miners... WTF Where do I start?

    Posted: 13 Mar 2021 02:21 PM PST

    Not sure where to start learning about whats happening with ETH.

    As a current ETH holder, do we have to do anything?

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

    How does an NFT really let somebody own something?

    Posted: 13 Mar 2021 06:28 PM PST

    I have read up on NFTs recently and about how people can become the "owner" of an artwork. I'm new to it and there are a few things that I struggle to understand.

    Many articles I have read describe how they would upload their digital artwork, usually their source file, to somewhere that has a download link to it. I'm assuming it's either a Cloud storage or IPFS. And this download link to the source file is submitted together on Rarity when creating the token. When a buyer buys that token, he owns that artwork which is supposed to be referenced by that token and also gets access to the download link to its source file.

    Now, what happens if one of the buyers in the chain of selling/reselling leaks that source file? Isn't that token now pointless?

    Also, when a buyer has bought that token and gotten access to the source file, he could have just downloaded it and then resell that token right away because he now owns that actual source file and owning that token isn't valuable anymore, wouldn't it? In fact, now that he has the download link already, he can download it again and again even after he has resold the token! If he is generous, he could share that download link with his friends too.

    Or he could even use that source file to regenerate the artwork, change some colours and now call it his own work, create an NFT for it, and resell it as an original work again.

    Lastly, when submitting the link to download the source file of the artwork on Rarity, is that download link stored within the token that can only be decrypted by the owner's private key in order to reveal the download link? Or is that download link simply stored on Rarity's database and referenced by the NFT? If the download link was stored on Rarity's database, what validation and value does my token even have if Rarity happens to close down one day and access to that link is gone together?

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

    Staking after the 2.0 arrives

    Posted: 13 Mar 2021 05:50 AM PST

    So at the moment only ppl with 32 ETH can lock their ether to stake, but is there information how staking can be done after 2.0 is fully implemented?

    Do you still need at least 32 ETH and make your own node, or can you stake what ever sum you have straight from your wallet like, say, Algorand? Or lend your ETH from your wallet to anothet node like LTO?

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

    Exploring Ethereum Mempool - I built `harmony - Reduce Chaos in Mempool`

    Posted: 13 Mar 2021 08:17 AM PST

    Exploring Ethereum Mempool - I built `harmony - Reduce Chaos in Mempool`

    Ethereum Mempool is one of the least explored areas, so I decided to make it easy for any one to explore it. And I built `harmony`, which helps you in exploring mempool is better fashion by exposing lots of easy to use graphQL query & subscription APIs.

    You might want to check : https://github.com/itzmeanjan/harmony

    It can work with any EVM compatible chain.

    https://preview.redd.it/czeqvb9qltm61.png?width=1892&format=png&auto=webp&s=e1a6cc6a64f4bdbad89cf2c4aad25e0f0a2ee32a

    I'd love to get your suggestions in improving this tool.

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

    EIP-3369 to Brick ASICS has been submitted.

    Posted: 13 Mar 2021 01:55 PM PST

    What's the best way to gift someone some ETH and some tokens?

    Posted: 13 Mar 2021 05:15 AM PST

    I want to give a physical gift, in which there's a way to redeem ETH and tokens to the receiver's chosen address. For instance it can be a short url, in which you enter your address on a form there and you're set.

    Is there a service that does that? Or should I just give them a private key lol.

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

    Eth 2.0 Beaconchain

    Posted: 13 Mar 2021 01:33 PM PST

    Hi guys,

    I have some question about Eth 2.0 beaconchain. Right now Eth 2.0 and Eth 1 are parallel chains. For me that mean we can merge tomorrow with no problem. I'm wrong or not? Do smart contracts and transaction be done on Beaconchain?

    submitted by /u/ogop728
    [link] [comments]

    Made my first purchase

    Posted: 13 Mar 2021 07:58 AM PST

    I'm reading what I can in this sub and other sources and just made my first purchase. I don't exactly know what I'm doing yet as I'm generally been into regular investments like equities.

    In any case here I am and ready for bigger purchases doen the road.

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

    Beaconchain — what kinds of transactions are currently happening on eth 2.0 that validators are processing?

    Posted: 13 Mar 2021 02:06 PM PST

    I've been looking all over to understand this but can't seem to find an answer. Does anyone know what exactly is being processed on the beacon chain at the moment?

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

    Is one of the benefits of PoS over PoW that it would be much less susceptible to government interference?

    Posted: 13 Mar 2021 12:06 AM PST

    People says Bitcoin is a technology beyond the reach of government but in a way not really.

    If say China didn't like it, all it has to do is arrest anyone mining it. In fact if any government deemed it too wasteful an activity it could just ban mining. Given how much electricity it takes it would be extremely easy to enforce and hard to hide this activity.

    PoS doesn't require intensive mining. Ownership is anonymous. Does that mean when ethereum moves to PoS, it would be one more step towards a currency that can't be controlled by any government?

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

    Old school business owner with a unique use case idea for blockchain. Please advise.

    Posted: 12 Mar 2021 08:25 PM PST

    My goal is to completely transition to blockchain as the backend of my company to increase transparency and investor protection.

    This isn't a start up. I don't want to make a cryptocurrency. This is an evolution.

    I own a film funding and production company that's wishing to develop a funding solution on blockchain to rebalance the relationship between content creators and content consumers circumventing Hollywood process and limitations.

    I have done extensive research and have a solid idea of what that could look like. I'm new to all of this, so if someone could help me with what my next steps should be I would be grateful.

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

    EIP 1559 Simply Explained

    Posted: 12 Mar 2021 08:34 PM PST

    Why does ENS require yearly subscription?

    Posted: 13 Mar 2021 07:03 AM PST

    It seems kinda predatory that a service which aims to move away from the greedy centralized internet charges a yearly fee for keeping your domain name. Why is that? Is there a reason other than the purely profitable business plan? And more importantly, why isn't there a permanent, completely decentralized solution which uses nothing but a smart contract to link names and addresses?

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

    How can Blockchained Games be free ?

    Posted: 13 Mar 2021 10:59 AM PST

    Hi, i was recently looking at website that lists every games that are currently based on the Blockchain,

    And as i understand it, they're like a hybrid type of games meaning that they have the major part of the datas stored in servers and some tokens and assets on Blockchain

    I get that this is necessary for the gas price because it would be terrible to have the whole program running on the Blockchain,

    So why games like Lost Relics are free but still use Blockchain to make tokens and assets, shouldn't players be paying for gas fees ?

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

    Etherscan dropped my transaction why

    Posted: 13 Mar 2021 07:16 PM PST

    I'm trying to buy my first NFT and I purchased it at a very low gas price. It processed for six hours and now it stopped and the status says "dropped". I read that you can cancel this but sending yourself 0 ETH with the matching nonce number and I couldn't even do that. How do I fix this and what should I set a a new gas price to do my transaction will go through?

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

    I added some more gift card options to the mix to give out to people. For those that were asking I did get my Etsy up! Now to spread crypto to the world!

    Posted: 13 Mar 2021 11:40 AM PST

    Is there a way to mine eth on 2gb cards?

    Posted: 13 Mar 2021 03:25 PM PST

    Hello there, I have a rx 460 idling in my system and was wondering if I can mine with it? My main gpu is gtx 1060 currently mining with ezil.me(dual mining eth+zil) at 20mh/s+10mh/s. I don't know how to use a specific gpu while mining. I'm using Phoenix miner currently.

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

    Uniswap gas fees question?

    Posted: 13 Mar 2021 06:55 AM PST

    So my question is do the gas fees increase the higher the amount you're trying to swap?

    For example....will there be more gas fees for a $5000 transaction compared to a 100$ transaction and how much?

    Is there a maximum gas fee amount? I don't want to be paying $700 in gas fees for a 5000$ swap on uniswap?

    submitted by /u/Substantial-Town4106
    [link] [comments]

    I’m New to hear about these NFT ether things and thinking about looking into it, can someone please explain to me how they work briefly, and what Things could be made into them besides art and collectibles?

    Posted: 13 Mar 2021 04:28 PM PST

    No comments:

    Post a Comment