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    Wednesday, August 25, 2021

    Ethereum The blockchain communities never really received the memo: Ethereum is becoming a rollup centric platform

    Ethereum The blockchain communities never really received the memo: Ethereum is becoming a rollup centric platform


    The blockchain communities never really received the memo: Ethereum is becoming a rollup centric platform

    Posted: 25 Aug 2021 07:00 AM PDT

    Ethereum's high fees have become one of the most popular ways of criticizing the platform, and for good reasons.

    However with Optimism currently deploying and Arbitrum launching in August, Ethereum is about to take advantage of a significant increase in scalability and decrease in transaction fees through rollups, without compromising on decentralization.

    But the vast majority of blockchain communities still seem to be completely unaware of this.

    In fact, the majority of blockchain enthusiasts never got the following memo:

    In 2020, Ethereum switched to a rollup-centric roadmap. This change is by far the biggest and most fundamental change that the Ethereum roadmap has ever seen.

    Ethereum L1's role has evolved a lot and it now aims at becoming a settlement layer for rollups. Ethereum is no longer focused on being a smart contract platform, but rather, a platform to build smart contract platforms on top of. This starts with The Merge, which will merge the execution layer (previously eth1) and consensus layer (previously eth2), and continue with the release of data shards.

    The entire roadmap now entirely revolves around the idea that rollups are THE way through which Ethereum will be used by billions.

    It's not true anymore that "Ethereum 2.0 will soon bring fees down", rollups will! But this is unfortunately still the most common misconception about Ethereum's road to scalability.

    The reason why is rather obvious: communication around this change has been lacking.

    It may be time for this information to be spread more widely, for example through visible and easy to understand articles on Ethereum.org, or pinned posts on r/ethereum and r/ethfinance.

    We finally have a solid plan to solve one of the most important limitations of blockchains, maybe we should start talking about it a bit more.

    submitted by /u/Ethical-trade
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    Almost deflationary now!

    Posted: 25 Aug 2021 09:40 AM PDT

    How are the rewards for Steth (Lido) calculated/dispersed?

    Posted: 25 Aug 2021 10:32 AM PDT

    Wondering how staked eth can be the same price as normal Eth considering that Steth is paying out rewards and Eth isn't. Shouldn't Steth be worth way more than normal Eth?

    submitted by /u/inspired221
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    Is anyone here that holds ETH not staking and have no plans to stake?

    Posted: 25 Aug 2021 09:31 AM PDT

    I bought ETH a couple months ago and just now decided to stake after determining that I want to hold for the long run. At first I was hesitant because I was against having my ETH locked up. Just wondering if anyone else is not/does not plan to stake?

    Edit: Aye just wanted to say it was dope getting this much traction on this post. I learned a lot. Appreciate all the info!

    submitted by /u/Holymoses43
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    Is this sub a mindless echo chamber?

    Posted: 25 Aug 2021 04:34 PM PDT

    Pretty much the title. I guess I'll have my answer if this gets deleted, but I can't help but feel like no meaningful or interesting discussion about Ethereum takes place on this sub. It's just headline after headline of "good" things happening for Ethereum holders, that just see this as an opportunity to make a quick buck, and they want validation from strangers that they're right. But please tell me if I'm wrong, and if there's a place where more meaningful, technical discussion of how the backend of ethereum is being developed, could someone point me there instead? Thanks.

    submitted by /u/KillAllHumans722
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    Budweiser buys beer.eth ENS domain for $100k

    Posted: 25 Aug 2021 12:20 AM PDT

    Why is it $80 to bridge my polygon network WETH to Ethereum Mainnet?

    Posted: 25 Aug 2021 02:44 PM PDT

    Controlled Burn: The Ethereum Chain Is Destroying $12,000 of ETH a Minute

    Posted: 25 Aug 2021 10:26 AM PDT

    How to Wrap Bitcoin WBTC on Ethereum

    Posted: 25 Aug 2021 06:36 PM PDT

    https://app.badger.finance/bridge

    For some reason on old thread in readit shows up in google and reddit. This topic should be easier to find.

    submitted by /u/webbroi
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    Corehash Protocol - A fully decentralized hashrate liquidity provision protocol

    Posted: 25 Aug 2021 07:13 PM PDT

    Hi,

    I've been working on a new mining protocol built on Ethereum, which allows for the tokenized hashrate liquidity provision of any hash algorithm, enabling DeFi applications to be built on hashrate-reserve, productive assets, including undercollateralized, self-paying loans through hashrate income, as well as a hash-backed, interest-bearing stablecoin, and more, including MEV protection and extraction.

    Think of it like the combination of Eden Network, with Tokemak's tokenized liquidity, but with hashrate instead. So a decentralized cloud mining + pool / block producer protocol, hashrate market making protocol.

    You can read the whitepaper at:

    corehash.org/whitepaper.pdf

    or the Medium article:

    https://medium.com/corehash/corehash-hashpower-liquidity-provision-vault-staking-protocol-c12d5dfd2fc2

    I'm looking for critical feedback and discussion, as well as potential developers that are interested in joining the team. Currently, I'm a solo founder that's looking for the first team members and core developers to build this. I've been researching and writing the whitepaper for this project for almost 4 years, pivoting from previously being a PoS blockchain network of colocation mining providers (like THORChain x Compass Mining), to now a fully decentralized hashrate liquidity provision protocol through staked mining liquidity, with DeFi (or HashFi) integrated into the full cross-chain protocol.

    submitted by /u/Winnal
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    I sent 0.0169 ETH how did I only receive 0.0089? from Crypto.com to Coinbase

    Posted: 25 Aug 2021 08:24 PM PDT

    Staking through Lido and the yield chain that follows

    Posted: 25 Aug 2021 05:54 PM PDT

    Ok, so if I stake ETH from Ledger using Lido, I get stETH back based off how many ETH I put in. Staking in Lido is 4.9ish %. I can then take that stETH, put it in the curve liquidity pool for crvstETH, then can take that and put it in Yearn finance for yield in 2 different pools while staking eth, securing the network, and earning the initial apy?

    Can this daisy chain be expanded upon, or is that about all she wrote? 20% apy on eth is pretty ridiculous.

    submitted by /u/Independent-Ad4660
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    NFTs are being stolen in ways you can never imagine. Here is how you can escape being a victim

    Posted: 25 Aug 2021 08:41 AM PDT

    Will NFT minting be cheaper after ETH2.0?

    Posted: 25 Aug 2021 12:13 PM PDT

    How will NFT minting be impacted by ETH2.0? I understand that movement of NFTs will be significantly less expensive. But will that also translate to minting NFTs?

    Sorry if a dumb question! ETH/NFT noob here. If you have any recommended reading please do send it my way!

    submitted by /u/Snugglosaurus
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    Finalized no. 28 - Danny Ryan: Road to Altair

    Posted: 25 Aug 2021 08:38 AM PDT

    Rebutting the "Rich Are Getting Richer" critique often leveled at Proof Of Stake

    Posted: 25 Aug 2021 09:45 AM PDT

    Cheapest way to mint a NTF on Ethereum?

    Posted: 25 Aug 2021 12:22 PM PDT

    I have wanted to mind a NFT for about 6 months now but I refuse to pay $40-100 USD to just mint.

    Is there a way I can use right now to use ethereum but avoid these high fees?

    submitted by /u/Juankestein
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    Gas Fee question

    Posted: 25 Aug 2021 01:14 PM PDT

    Hi,

    I'm trying to buy a NFT, which in itself is approx $300, but opensea is quoting me a gas fee of like $130

    I haven't bought anything on ETH in ages, is this a "normal" gas fee, what's current average, what can I wait for it to realistically drop to?

    Thanks in advance

    submitted by /u/siesco
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    Possible to stake ETH without triggering capital gains tax?

    Posted: 25 Aug 2021 08:35 PM PDT

    Hi all, I've not yet staked any of my ETH, because as far as I can tell, this usually requires exchanging your ETH for an equivalent token (like rETH or BETH) and that would trigger capital gains tax. Is there a way to stake ETH without having to swap it for another token? Sorry pretty new to all this so still learning

    submitted by /u/HellmanD
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    Eden Network - MEV/Anti-MEV Token reward system - The future of Ethereum TX s.

    Posted: 25 Aug 2021 07:59 PM PDT

    This is the future of Ethereum transactions, this is just one and many copycats will follow. Eventually every TX in a block will be sold like tickets to a sporting event. Gas will just be the additional fees/taxes.

    You can now get paid in tokens for participating in MEV that is Anti-MEV. Hahahaha

    whitepaper: https://edennetwork.io/EDEN_Network___Whitepaper___2021_07.pdf

    They even sell block slots....

    https://app.edennetwork.io/slots

    Hierarchy of Eden Blocks
    The basic hierarchy of a block for the Eden Network follows:

    1. Slot Tenants
    2. Transaction Bundles
    3. EDEN Stakers
    4. Public Transaction Pool - Ethereum Users

    Looks like the floodgate has been opened, just wait till every transaction has a forced minimum price floor (on top of gas) to get processed. No need for 51% attacks, this is the new way.

    Also don't think PoS will save you with this, validators will know in advance when its their turn to solve a block. Good luck!

    submitted by /u/MoistConcert420
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    What are some small businesses that accept ETH? Has anyone started a list?

    Posted: 25 Aug 2021 12:25 PM PDT

    Rollups: Cartesi Node

    Posted: 25 Aug 2021 11:50 AM PDT

    EDCON happening this Friday!

    Posted: 25 Aug 2021 10:23 AM PDT

    EDCON 2021 is happening this Friday through to Sunday! Join amazing speakers including:
    Vitalik Buterin, Aya Miyaguchi, Tomasz Stanczak, Kevin Owocki, Tim Beiko, Alex Stokes, Loi Luu, gubsheep, Louis Guthmann, Patrick McCorry, Brendan Chou & and many more!

    Sign up for free here: https://edcon.io/ https://www.edcon.io!

    submitted by /u/nethermindeth
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    Beacon Chain Implementers call, "Consenus Layer" call #71 Thursday 2021/08/26 at 14:00 GMT

    Posted: 25 Aug 2021 10:14 AM PDT

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