• Breaking News

    Saturday, April 3, 2021

    Ethereum Lockdown project almost done!

    Ethereum Lockdown project almost done!


    Lockdown project almost done!

    Posted: 03 Apr 2021 08:19 AM PDT

    Happy Easter!

    Posted: 03 Apr 2021 02:46 PM PDT

    We're unlocking the true power of NFTs. Influence is a space strategy MMO incorporating Parallel's NFT game assets into our game.

    Posted: 03 Apr 2021 07:45 AM PDT

    Within the NFT space right now, you can find almost an infinite number of artists creating amazing works and selling them as NFTs. This is an exciting new space currently being explored, but what are the true powers of NFTs?

    NFTs are a hot new buzzword, everyone has heard it by now, but most (even in the crypto space) are still wrapping their heads around what they are and how they can be utilized. Not to say that selling art as an NFT is a bad thing, but NFTs are vastly more powerful than this, and the depth in which they can be utilized is just beginning to be showcased.

    I work for an Ethereum blockchain gaming company, releasing the title Influence, where in-game assets are composed of NFTs. This gives players actual unique ownership over the content they acquire while playing Influence. We think that this adds a layer of depth on top of the existing utilization most know. However, even this is just the beginning!

    NFTs, once minted on the blockchain, can be tracked, and utilized by anyone, while the owner still maintains custody and rights to it. This opens doors to platforms like Influence to support other game assets within their game.

    We announced earlier this week that we would be incorporating another game's assets into our game. Parallel is a card game that just released their Alpha set of cards, and we loved how well their content would work in our game. So we reached out to the team and asked if they would be okay if we utilized some of their NFTs as pieces to our game. I should mention this does not take permission and is another benefit of the Ethereum blockchain, but we wanted to ensure a solid relationship with the incredible Parallel team.

    So maybe you are asking yourself, "so what if you are utilizing another game's content in your game, what does that mean for me?"

    Great question! It means that the content you either acquire or purchase within one game can now cross over into other games. Imagine playing EVE Online or World of Warcraft and collecting every piece of gear possible, and you want to stop playing these games and try something new. With the cross-functionality of assets being supported in multiple games, it opens up the ability to immediately utilize what you earned in one game into the new game.

    This creates an entire ecosystem that supports each other, and instead of game companies trying to steal players into their game, they can help promote each other and ensure the content is what players want. It is a symbiotic relationship that over time will benefit all parties involved, especially the players.

    If you enjoyed this post and want to follow us before our launch on April 17th, join the discord, or get on our email list. Early adopters will receive some amazing perks!

    Cheers,

    Website

    Discord

    submitted by /u/eetherway
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    Weaponization of US Commodity and Security Laws

    Posted: 03 Apr 2021 11:52 AM PDT

    Consolidating ERC20 Tokens from multiple Ledger devices?

    Posted: 03 Apr 2021 02:48 PM PDT

    Is there anything I am missing or not understanding in this scenario?

    I have multiple Ledger devices which all have various ERC20 tokens on them. I would like to consolidate all of the tokens on a single device. Is the only way to do this manually?

    Am I correct in thinking that along with each manual transaction I need to pay a bunch of gas on each transaction? Looks like at 160 Gwei it is about $20/transaction.

    I haven't been paying very close attention to the ETH ecosystem in the last few years, close enough to know if there are any advancements in consolidating or batching transactions, etc. Many of these assets are barely worth enough to pay for the gas, but organizationally I would like to consolidate as well as for security, so I'm debating.

    submitted by /u/whodkne
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    Build realtime DEFI apps under a single API

    Posted: 03 Apr 2021 11:45 AM PDT

    I've been working on this as a side project, I'm trying to unify all protocols in a single, standardized API, looking for feedback, it is free to use.

    https://badger.zinnion.com/

    submitted by /u/maurodelazeri
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    Cost to use WBTC

    Posted: 03 Apr 2021 01:03 PM PDT

    I'm considering minting some WBTC to use on the eth chain. However, I can't find anywhere an explanation of the cost of doing this. I assume they charge a fee when I create WBTC and maybe when I redeem it? Does anyone know what I would have to pay in these circumstances?

    submitted by /u/melchoir55
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    'We Can DAO It': The New Wave of CypherPunks Disrupting Venture Capital

    Posted: 03 Apr 2021 08:21 AM PDT

    Risks of signing?

    Posted: 03 Apr 2021 05:08 AM PDT

    So I feel I do more and more signing with L2 and OpenSea and other services where you are not directly transacting. I'd like to understand the risks involved.

    I think I've understood there to be a risk of signing something that is a cleverly composed transaction, allowing the attacker to steal funds. Is this correct? How do you identify it?

    I've at least seen these types of signing: * what appears to be base64 * what appears to be JSON * what appears to be byte data

    How can I feel safe, and what risks am I facing? Thanks for any insight!

    Edit: a description of the signing issue I was aware of: https://ethereum.stackexchange.com/a/71269 but may give a warning in your wallet of security issues.

    submitted by /u/TragedyStruck
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    Accidently low gas price

    Posted: 03 Apr 2021 12:30 PM PDT

    Was trading some ETH for an altcoin and set the gas price at 50 gwei by mistake. It's been 23 hours and hasn't been processed. What is the time limit to when it gets returned to my wallet? And if the price of the altcoin moons will I still receive the same amount of altcoins I traded for or will it be less if the price spikes?

    submitted by /u/Fun_Target8549
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    Can I use the ethereum blockchain to organize a raffle for charity?

    Posted: 03 Apr 2021 05:45 PM PDT

    Hi. My friends have been raffling objects they made and donating the pooled money to charity. The way it works is people send them USD using venmo or paypal and then whoever set up the raffle donates that money that is being pooled to a charity. The issue is that to donate you have to trust that they won't pocket the money. This trust system limits who are comfortable participating in the raffle, in a sense the raffle can't expand beyond a close network of known people. Would there be a way to set up a crypto wallet that people can send crypto to that can be audited by everyone? It would also be interesting if the wallet would automatically send the money to charity at a set date. In essence, a system that is programmed to pool the money, securely and transparently, and then send it to a charity without needing human input.

    The potential resistance to using cryptocurrency for this is that I suspect most people participating in the raffles do not have much crypto experience. There are also transaction fees to consider as well as the issue of potentially having to convert the crypto to USD before donating it. It would be extra cool if the wallet can pick a raffle winner as well! If anybody has any ideas or suggestions I would appreciate it!

    I posted this question on r/cryptocurrencies and was told that this is basically a smart contract. Are there places where I can learn how to develop one?

    submitted by /u/quickbeetle
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    Idiot first time buyer looses all his money

    Posted: 03 Apr 2021 10:13 AM PDT

    I've sent eth to an account address rather than a wallet address ,I'm now lost that eth and money unless you know better, the account address also coincides with an item address , I copied and pasted the account rather than the wallet . Waves goodbye to money .

    submitted by /u/newtonpics
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    Need help trying to wrap my head around smart contracts

    Posted: 03 Apr 2021 04:18 AM PDT

    Sorry if I sound clueless and I may not be understanding the core feature or purpose of ethereum, but I have an idea that I believe smart contracts would be useful for

    Let's say I want something delivered but the time frame for delivery is open ended. I put some ether up front, thats my payment so to speak. Does it just hang there in digital escrow indefinitely? If the delivery is never made, is that ether presumed lost? How does a real world action translate provably into the fulfillment of a contract? To better encapsule these questions, my idea is for a digital bounty system whereby cyber crime can be resolved by awarding crypto. An example might be, some one has their wallet hacked, and they promise to award a portion of its contents to whomever leads to its recovery. I imagine such a bounty system wouldn't necessarily have to involve crypto, but a provision of information in general.

    submitted by /u/ValdemarrPlanB
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    Can anybody explain what happened to my ETH? I'm a noob.

    Posted: 03 Apr 2021 09:26 AM PDT

    Dumb question

    Posted: 03 Apr 2021 09:24 AM PDT

    Hey everyone, I'm new to ethereum and I was wondering if there's a time of day (or week, month) when gas price dips or something like that, not sure how that works. I'd like to buy some stuff in ethereum but the gas price is just exorbitant right now.

    submitted by /u/PrehensileDingaling
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    Sending my ETH from Binance to my wallet

    Posted: 03 Apr 2021 06:31 AM PDT

    I already have some ETH in my atomic wallet, which I sent from kraken a while back. Now I want to transfer the that sits on my Binance account. I'm given 3 options, when it comes to the network to send it with: BNB, BSC and ETH. The first two have considerably lower transaction fees but does it alter the ETH? Anybody with insight on this?

    submitted by /u/Timmi3000
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    Stake on AWS node

    Posted: 03 Apr 2021 05:26 AM PDT

    I'm looking into staking but I'm a bit terrified of getting it wrong. I don't want to run a node on my house because I like to travel and move around. I also don't want to lock down my ETH on Binance or other for 2 years, not my keys/not my coins.

    So I think the best/easiest way is to run an AWS node, and I'm looking into this: Ethereum 2.0 Validator Node (Prysmatic Client) is this the right/best option?

    I also know that AWS is more used than Google Cloud, so I would pick the later to help decentralization of the network, but AWS seems easier for now.

    submitted by /u/miloops
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    Saturday Night Live mints NFT Parody Skit on Ethereum's OpenSea

    Posted: 03 Apr 2021 09:54 AM PDT

    Doing 2019 Crypto taxes- Cannot figure out to where I sent Ethereum to

    Posted: 03 Apr 2021 07:22 AM PDT

    Back in 2019, I sent ETH to some wallet, and then from that wallet I sent it to an address that has had 28,000+ transactions. How do I figure out who this address belongs to? Looking at all my other imported transactions, I do not have any deposits of another cryptocurrency that's nearly equal to that value for the rest of 2019. The Etherscan details are below, could someone please help me uncover this?

    https://etherscan.io/address/0xdc54fbfaed6eCb9b0de07cDfC9893800aD545719

    submitted by /u/IamDoge1
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    If gas is a SoV, then my car won't go far

    Posted: 03 Apr 2021 09:31 AM PDT

    You need gas/eth to run the network, but if it's appreciating then nobody would use it to 'go anywhere' / compute. How to resolve this apparent conflict?

    Sorry for the n00bish question.

    submitted by /u/mpfortyfive
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    Noob Friendly Post: Ethereum Cannot and will not be Killed - Especially not by Cardano

    Posted: 02 Apr 2021 02:25 PM PDT

    I am posting this because when Ethereum had a massive retracement every YouTuber, Discord, and Telegram chat was talking about Cardano and how it was going to kill Ethereum. I feel as though those types of posts will encourage new people in the crypto space to panic and buy or sell assets that they are not entirely sure about. If this post helps even one person then it was worth my time.

    Bolded words will appear in the glossary at the end of this post.

    Let's talk about why that wasn't going to and isn't going to happen.

    1. Ethereum has thousands of developers working on the platform which by far makes it the largest blockchain project worldwide.
    2. Ethereum gas fees are actively being worked on. Gas fees are a major source of complaint for the everyday Ethereum user. There are resolutions in the works. Here are some useful terms to research if you are curious about the technical elements: MATIC, EIP 1559, Berlin update, Layer 2 solution, Optimism
    3. Uniswap itself is a decentralized exchange that processes billions of dollars ($USD) of commerce on a daily basis. This exchange is built on the ETH network. There are comparable projects built on Binance Smart Chain ("BSC") but they still do not compare to Uniswaps volume.
    4. Ethereum has billions of dollars worth of projects already built on its network. At present moment Uniswap and Chainlink are both ERC-20 tokens and they have a combined market capitalization of ~$28.5B. These are only the two largest tokens. There are hundreds more. For reference, Ethereum killer Cardano currently has 0 tokens built on its main net. Click me for a full link of ERC-20 compatible tokens.
    5. Partnerships. Ethereum has a vast amount of partnerships with real world companies. Most recently and notably was VISA.
    6. Trust and recognition. It will be difficult for any token to overcome Ethereum. Ethereum has established itself as the #2 cryptocurrency by market cap and has never surrendered that spot.

    Let's talk about coins that may leech a little bit of Ethereum's market capitalization and why they are effective as well as why they may not be.

    • Cardano. Cardano is the cryptocurrency that raves about it's smart contracts without actually offering any smart contracts yet. In my opinion Cardano is actually the least competitive of all the coins listed in this section. You will hear news about Cardano reaching African markets. Firstly, Bitcoin is already a well established from of commerce in these markets. Secondly, it's not as though these markets are particularly flourishing breeding grounds for economic prosperity. In the short term Cardano certainly absorbed some of Ethereum's market cap but I have suspicions that many of these holders are newer in the crypto space and will abandon ship when it is trading sideways for a while.
    • Polkadot. Polkadot is an excellent project that provides a variety of viable resolutions to some of Ethereums core problems (gas fees). Although Polkadot is relatively new it has demonstrated successes recently. At this time polkadot does not offer smart contracts.
    • Binance. Binance has essentially taken the coding of the Ethereum network and renamed it the "Binance Smart Chain". Although ("BSC") is more gas efficient there are a variety of restrictions that prevent this project from taking off fully. The largest restriction is that users are forced to interact with Binance at one point or another. Binance Smart Chain only serves tokens that are on the BSC. In order to get tokens that are on the BSC you must use Binance or trade peer to peer. Binance only recently launched smart contract capabilities. This token is perhaps the biggest threat to leech some of Ethereum's market cap.

    Glossary:

    Ethereum gas fees - A price paid to miners to verify transactions.

    Decentralized exchange - A peer to peer trading system in which users can contribute to a liqudity pool. This differs from a centralized exchange because it is not regulated by a governing body and also does not accept fiat currency.

    ERC-20 token - A token that is built on the Ethereum network. Think of Ethereum as an XBOX. ERC-20 tokens would be the games. You cannot use the games without the XBOX itself. Thus increasing the value of the XBOX.

    Market Capitalization - The overall value of any given asset. The total value of all shares/tokens.

    Main net - The native network of any given token. For example Ethereum, BNB, and Cardano all have their own main net.

    submitted by /u/Clownier
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