Ethereum Ok Ethereum looks like it’s holding at 2k. Now I do believe in the ether bunny |
- Ok Ethereum looks like it’s holding at 2k. Now I do believe in the ether bunny
- Improving EIP 1559 by making it work more like an AMM curve
- Ethereum Scalability Race - April 2021 update
- What is Layer 2? Confused
- Fei had a big genesis event what do think about this stablecoin protocol?
- What will happen to my current Ether when Ethereum 2.0 is released? Will it become Ether 2.0 or will there be two separate coins?
- How is this person draining Ethereum wallets?
- are there any online marketplaces that accept ethereum or other crypto?
- Should I be staking my ETH on Binance or just using flexible savings?
- Unsolicited eth sent to my coinbase wallet, is someone trying to track where I send it?
- I have some questions about eth 2.0 and staking that I couldn’t seem to find an answer to help appreciated
- Yield farming today for small accounts
- Minted my first NFT on rarible!
- What is your guys favourite Eth wallet for iOS?
- ForceDAO's xFORCE profit sharing contract hacked and drained by a white hacker
- Balancer V2 — A One-Stop-Shop
- How to do an NFT Flashloan? (Technical deep dive, Solidity, NodeJS)
- What is the state of the art of eth dev tools ?
- New crypto giant coming in next month. Exchange with lot of DeFi features. High reward potential
- How to DAO?
- All I can say, is that this is not the sound of an engine.... sssssshhh.
| Ok Ethereum looks like it’s holding at 2k. Now I do believe in the ether bunny Posted: 04 Apr 2021 05:07 PM PDT | ||
| Improving EIP 1559 by making it work more like an AMM curve Posted: 04 Apr 2021 05:38 AM PDT
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| Ethereum Scalability Race - April 2021 update Posted: 04 Apr 2021 08:56 AM PDT This is my personal perspective on the current status of scalability on Ethereum. Today, Ethereum is all-in on Layer 2 solutions. While there are different definitions for Layer 2, for the purpose of this post, I define it as solutions secured by Ethereum mainnet. This eliminates sidechains like xDai or Polygon, and focuses on rollups. (I will note that because Polygon checkpoints back to ethereum mainnet, so it's a grey area and still a better solution than any non-ethereum smart contract chain.) For an in-depth explanation of rollups, Vitalik's post is a must-read: An Incomplete Guide to Rollups (vitalik.ca) DeverseFi has a great banner listing some of the Layer 2 projects currently building on Ethereum, I'll cover some highlights from this list. Application-specific rollupsCurrently, all rollups on mainnet are application-specific. Some of the exciting application-specific rollups are: - Loopring: Payments and DEX - zkSync: Payments - ImmutableX: NFT minting and exchange. Interestingly, ImmutableX will have multiple applications built on top of it that need to mint and exchange NFTs, such as Gods Unchained and OpenSea. - Aztec: Privacy payments. Like ImmutableX, Aztec could have multiple privacy payment applications. The first one currently live is zk.money All of these already do thousands of TPS, many offer gas-free interactions with the very low gas abstracted away from the user. For example, ImmutableX can do ~9,600 TPS, with each NFT mint costing $0.002 in gas, easily subsidized by the protocol as being effectively gas-free to the end user. Another important UX improvement is that transactions are confirmed effectively instantly. Do try these products (and more listed in the banner above) for a glimpse into the future of blockchain scalability. Generalized programmable rollupsNot every smart contract has the resources to build their own application-specific rollup. This is where a generalized, programmable, Turing-complete rollups enters the fray, where anyone can deploy their smart contracts, and as a result where most smart contracts will scale. It's a very interesting paradigm where there's intense competition to build the best execution environment on top of Ethereum. (Which is why I call it "Scalability Race".) Optimistic Ethereum: Limited mainnet since January 2021 (currently Synthetix only for staking), public testnet is now live though not officially supported till later in April. Public mainnet July 2021, although we expect "whitelisted" projects like Uniswap, Chainlink, MakerDAO to go live before then. Arbitrum: An optimistic rollup and direct competition to Optimistic Ethereum. They are committed to a fully public release, and are currently on their release candidate public testnet. They have a crucial advantage over Optimistic Ethereum currently, with BLS signature aggregation. Fuel: Also an optimistic rollup. Currently offers payments, but plans to expand into smart contracts later in 2021. zkSync 2.0: Similar to Fuel, currently a payments protocol, expanding into generalized smart contract support. Unlike the above three, zkSync 2.0 is a ZK rollup, which brings the advantage of instant exits to L1. Public testnet: May 2021; public mainnet: August 2021. StarkNet: Direct competitor to zkSync 2.0: a programmable ZK rollup. Scheduled for release in late 2021, though potentially accelerating thanks to an impressive $75 million Series B raise last month. Polygon: Acknowledging the centralization flaws of their current sidechain, Polygon are also developing both ZK and optimistic rollups (among other solutions). No concrete dates I could find. My unsolicited recommendation for Polygon would be to abandon their currently announced kitchen-sink model and laser focus on delivering a world class generalized ZK rollup. We might end up with a situation here where Ethereum L1 will only act as a settlement and security layer, with a majority of activity happening on rollups. Before we move on beyond rollups, I'd point out that there are multiple projects like Celer, Connext, or Hop that are focusing on interoperability between L1 <> L2 and L2 <> L2. Enhancements to application-layerThe application-layer (previously called eth1) protocol, EVM and clients continue to mature. For example, EIP-2929 mitigates DoS attacks and could lead to a minor bump in gas limit. EIP-1559 has strong UX implications that *might* mitigate users overpaying for gas, and smooth out spikes. There's no one big upgrade here, but a continuous series of enhancements that'll enable higher gas limits over time. As an example, while I was writing this, Vitalik has published an intriguing proposal to further improve EIP-1559. For context, many of these improvements have enabled Ethereum's gas limit to increase from 4M in 2017 to 12.5M today. Eventually, we may even get back to eWASM (?). Data sharding / data availability sampling (DAS)DAS is focused on accelerating rollups by offering massive data availability in a granular manner over 64 shards. Where an efficient rollup can do anywhere between 1,000 TPS to 4,500 TPS today, DAS will accelerate this to potentially over 50,000-100,000 TPS. Gas-efficient rollups like ImmutableX will potentially be accelerated past 200,000 TPS. Previously, this was set to ship before The Merge, but is now coming after The Merge, potentially later in 2022 or early 2023. By the way, The Merge itself does not lead to scalability upgrades, but we could see related proposals to increase gas limit after The Merge. Statlessness / state expiryIncredibly, we have gotten this far without actually increasing L1 scalability significantly. L1 gas is going to remain high for the near future - get used to it. This may not matter too much if we have massive scalability on L2, though, as that's where most users will be. L1 will act more of a settlement layer for the bigger players - rollups, exchanges, financial institutions, whales etc. However, with statelessness / state expiry, this is finally being addressed - L1 gas limits will see significant increases without materially sacrificing decentralization & security. It's still early days, but we finally have some concrete options available. We don't have a date here, but personally I wouldn't expect this before 2023. Executable shardingWhat was previously Phase 2 has now been pushed back given the better solutions now available. Pretty crazy to think rollups did not even exist when sharding was first conceived as a scalability solution! This is where the shards no longer just offering data availability for rollups, but are also able to execute transactions themselves. It's hard to imagine how this will turn out - if rollups attain critical mass and statelessness allows for a significant enough gas limit uptick, we may not even require executable shards at all and it would be better to focus on enhancing (or increasing) data shards, for example. Or, it could be that we only require a smaller number of executable shards. Definitely the most nebulous step here, and something that'll only become clear over time. Hybrid scalabilityI definitely believe that we'll see all kinds of hybrid solutions going forward, with various degrees of decentralization over multiple layer. Visa and Crypto.com are effectively acting as scalability sidechains for Ethereum, though with a significant degree of centralization. What we might see in the future is that Visa cuts out Crypto.com and goes directly to a rollup/L2 wallet/service provider. Likewise, I can also see Reddit build their own rollup, which keeps a lot of data on their centralized servers, and only settles the important stuff on mainnet. We already have such solutions today: for example DeverseFi uses Validium where less critical data like order books (?) are maintained on centralized servers, while all transactions and balances are on-chain. It could even apply for a mainstream application like Fortnite. Alright, that probably ended up much longer than I expected, but hopefully it will be informational because there's a lot of misinformation flying around in the crypto space. Feel free to add/correct things and I'll update the post accordingly. [link] [comments]  | ||
| Posted: 03 Apr 2021 09:36 PM PDT I've been hearing this terminology alot recently. Using a layer 2 solution sounds like its the magical solution to all problems. I'm just confused and have alot of questions about what this even means, if you could help clear any of these things up for me.
EDIT: Thanks so much for all of the replies! [link] [comments]  | ||
| Fei had a big genesis event what do think about this stablecoin protocol? Posted: 04 Apr 2021 01:00 PM PDT | ||
| Posted: 03 Apr 2021 11:30 PM PDT I fundamentally do not understand what will happen when Ethereum 2.0 is released. How will it impact the Ether that people currently have? All responses are welcome; I just want to be pointed in the right direction. [link] [comments]  | ||
| How is this person draining Ethereum wallets? Posted: 04 Apr 2021 07:44 PM PDT https://etherscan.io/address/0x5e0a89dcee7bd3bc8b764f87a9448522aeece368 Someone gained access to my Ethereum wallet and drained half of its tokens to that account above. It appears that the person methodically did the same with a number of other wallets. My wallet that was drained is relatively new and only connected from one Windows machine through Metamask Firefox extension. A Malwarebytes scan was negative. It is not plausible that anyone had the keys or passphrase, except through my computer or Metamask. How did this person get a list of credentials to go through like this? Is there any post-facto forensic ideas I should think about? How can I connect and yield farm safely at one or two places without exposing myself to this again. [link] [comments]  | ||
| are there any online marketplaces that accept ethereum or other crypto? Posted: 04 Apr 2021 02:40 PM PDT | ||
| Should I be staking my ETH on Binance or just using flexible savings? Posted: 04 Apr 2021 05:12 PM PDT I'm long on Ethereum and I want to start earning some form of passive income from it. Is it better to stake through Binance or maybe a different wallet? Or just use flexible savings just for ease of pulling it out? [link] [comments]  | ||
| Unsolicited eth sent to my coinbase wallet, is someone trying to track where I send it? Posted: 04 Apr 2021 02:30 PM PDT Not a huge transaction, I can't think of where it would have come from though and I'm a little concerned. [link] [comments]  | ||
| Posted: 04 Apr 2021 01:49 PM PDT When will the update go live? Can you stake ethereum now? How does one get "slashed"? What are the "duties" an eth staker has to do? What are the possible returns from staking (will it be better than mining)? Thanks for any answers and sorry for bothering [link] [comments]  | ||
| Yield farming today for small accounts Posted: 04 Apr 2021 01:34 PM PDT Am I wrong to assume that many yield farming activities are inaccessible to small accounts (<10k) due high gas fees? What would you suggest to do today to profit more than just HODLing? Extra question: does stacking require gas fees at the same level to yield farming activities? Thanks, sorry for the noob question but I am unclear on this point [link] [comments]  | ||
| Minted my first NFT on rarible! Posted: 04 Apr 2021 10:40 AM PDT Some feedback would definitely be appreciated on it, will link it below in the comments. But just thought I'd make a post about the process for anyone who might be interested in it. It was really easy tbh, once you've got your artwork you just start up a wallet (pretty sure most of you will have this already) - I used metamask to link my Rarible account to, though primarily I use exodus. Then you can just make an account, and then you start to create your NFT by putting in the details and uploading the assets and stuff, there are 2 fees when you create your first one. I think the first fee was like a verification thing basically? The second fee is to mint your NFT, which is basically tokenising your art into a specified amount of tokens that people can then purchase etc. Once you've gone through all this, you should have your NFT on your profile and everyone else will be able to see it too. It does seem like unless you're verified you kinda go a bit unnoticed, but the community is nice, especially on discord. I thought it would be a lot more complicated than it was, although gas fees are mad expensive right now I'm glad I've done it now and been a part of it, and look forward to putting more improved stuff up as NFT's :D [link] [comments]  | ||
| What is your guys favourite Eth wallet for iOS? Posted: 04 Apr 2021 03:45 PM PDT | ||
| ForceDAO's xFORCE profit sharing contract hacked and drained by a white hacker Posted: 04 Apr 2021 01:55 AM PDT | ||
| Posted: 04 Apr 2021 02:39 PM PDT
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| How to do an NFT Flashloan? (Technical deep dive, Solidity, NodeJS) Posted: 04 Apr 2021 09:08 AM PDT
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| What is the state of the art of eth dev tools ? Posted: 04 Apr 2021 12:52 AM PDT What dev tools are most used and why? Also what dev tools do you think are underrated or hidden gems. [link] [comments]  | ||
| New crypto giant coming in next month. Exchange with lot of DeFi features. High reward potential Posted: 04 Apr 2021 03:55 PM PDT
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| Posted: 04 Apr 2021 07:44 AM PDT Are there any reliable solutions to build from or do I need to build one from the ground up? I found Alchemy DaoStack, but that seems like it may be too limited for what I want to do. Also, their voting system currently requires .2ETH just to submit a proposal which seems ludicrous and I'd like to minimize that so that the community is much more free to submit their ideas. However, I'd ultimately like to have safeguards in place to constrain the types of proposals that are permitted -- what's the best mechanism for controlling that? Just establishing the constraints in the bylaws? Basically, I only want the DAO to be able to pursue certain types of projects, not any project since that could result in some degenerative projects, at least initially when the individuals within the voting body have larger stakes. Edit: Aragon looks much better than DaoStack [link] [comments]  | ||
| All I can say, is that this is not the sound of an engine.... sssssshhh. Posted: 04 Apr 2021 02:53 PM PDT
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