• Breaking News

    Thursday, August 26, 2021

    Ethereum Did EIP-1559 work? Here's transaction fees before and after EIP-1559 was introduced.

    Ethereum Did EIP-1559 work? Here's transaction fees before and after EIP-1559 was introduced.


    Did EIP-1559 work? Here's transaction fees before and after EIP-1559 was introduced.

    Posted: 26 Aug 2021 08:41 AM PDT

    DeFi is reinventing the financial system

    Posted: 26 Aug 2021 08:39 AM PDT

    U.S approves Microsoft's "ledger-independent token services" patent. Also using ETH blockchain for piracy.

    Posted: 26 Aug 2021 04:16 AM PDT

    You Can Now Use Your .com Domain to Send and Receive Ethereum

    Posted: 26 Aug 2021 01:21 PM PDT

    I’ve got my ETH on Coinbase. Will it cost me anything to move it to a hard wallet?

    Posted: 26 Aug 2021 02:39 AM PDT

    Unpopular opinion: the metaverse is going to be an extremely toxic place

    Posted: 26 Aug 2021 01:53 PM PDT

    I think we can all agree that anonymous parts of the internet are inherently more toxic than real life. When I interact with people in real life I find they are generally quite friendly but on Twitter, Reddit, etc. people can be more ruthless/mean since they are hiding behind their pseudonyms and their reputation is not on the line (they can just burn that account and create a new one if need be).

    Feel like the metaverse is just going to end up being a version of the world where people are much more likely to act the way they do on Twitter. Would love to be wrong but I all the evidence I've seen around the web of how people are willing to act indicates thats what it'll be like.

    What do other people think?

    submitted by /u/tom98239273
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    As the NFT craze continues, ETH goes deflationary for a couple of minutes!

    Posted: 26 Aug 2021 08:36 AM PDT

    Lead developer at Trezor on the implementation of EIP1559 transaction support

    Posted: 26 Aug 2021 02:13 AM PDT

    More than 100,000 ETH ($300 million) has been burned since EIP-1559

    Posted: 26 Aug 2021 06:05 AM PDT

    I currently have a decent sized quantity of Eth (at least for me) is it safe to keep in coinbase indefinitely.

    Posted: 26 Aug 2021 12:39 PM PDT

    Still on the waitlist to stake ethereum on Coinbase.

    Posted: 26 Aug 2021 07:39 PM PDT

    It's been about a month since I signed up to stake ethereum and haven't heard anything from Coinbase. How long should it take?

    submitted by /u/PersonalKick
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    A proposal of new NFT use case found: w.Property - Evolution of web property to modern digital asset

    Posted: 26 Aug 2021 03:41 PM PDT

    Staking Eth through Lido on Ledger

    Posted: 26 Aug 2021 05:53 PM PDT

    While i was checking my ledger i got a notification saying staking is now possible while holding your ETH on Ledger through Lido, i was just wondering has anyone tried it ? What are your thoughts on it ?

    Ive been holding my eth since april and im thinking to make some money out of it since its just sitting there.

    If Lido through Ledger is not recommended, what other ways do you recommend ?

    submitted by /u/DOGEAllTheWay99
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    Full DNS Namespace Integration to ENS Now on Mainnet

    Posted: 26 Aug 2021 10:14 AM PDT

    Beefy Finance Explained - What Is Yield Optimized And How It Works On Ethereum

    Posted: 26 Aug 2021 03:46 AM PDT

    Hey guys,

    I've made this new video guide about Beefy Finance, since I use it a lot and I saw that there are not that many good video guides that actually explains what it is and how it works.

    In the video, I explain with is Beefy Finance and I show an example of how to stake your tokens on Beefy Finance on the BSC chain.

    Note that it's also available on many more chains including Polygon.

    Here is the video:

    https://www.youtube.com/watch?v=lUqRu7Vm3rc

    Please let me know what you think :)

    Thanks!

    submitted by /u/sheetsjohn16
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    I have 2 ETH accounts in my ledger wallet(under same seed though) can I move tokens from one acct to the other without network fees?

    Posted: 26 Aug 2021 02:44 PM PDT

    I meant to create only 1 account (to hold my matic, trac and others) but by accident I ended up creating 2 acts in the end. Yesterday I installed ledger live in a new phone and I had forgotten about the 1st acct (that already had 2 ERC20 tokens stored in it) so I allowed ledger to create the 2nd one and after i moved ETH and other ERC20 tokens from binance into my 2nd acct. Today I thought I was missing some tokens and when I dig up my notes I realized about the 1st acct so I added it to ledger live and now I can see everything I have. However now I have 2 ETH acts, one of them only has TRAC & MATIC and nothing else not even ETH, while the other one has ETH and other ERC20 tokens.

    I strongly prefer to have only one ETH account and all the ERC20 tokens under it and i guess the only way I can do that is to move TRAC and MATIC (although I would need to put some ETH in it for network fees) from the 1st acct to the 2nd one and incur gas fees.

    OR is there another way that I can consolidate these 2 acts into one without gas fees? If there is can u let me know?

    It's a dummy mistake the one I did but how it happened it was way more complicated (what I wrote above was an overly simplified version of how the 2 acts were created) but I guess if there is a way to move funds among different ETH acts (its same 24 word seed though) within ledger live and without gas fees that would be handy for everyone to know. TYIA

    submitted by /u/swindle8686
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    what is the transaction with the highest gas fee in ethereum that is recorded since the gensis block?

    Posted: 26 Aug 2021 05:20 AM PDT

    Best of CryptoTwitter: The top 23 innovations on Ethereum that may completely change the way we use the network!

    Posted: 26 Aug 2021 06:46 AM PDT

    Best of CryptoTwitter: The top 23 innovations on Ethereum that may completely change the way we use the network!

    Hey, I saw this great thread on Twitter and wanted to share it here.

    If you'd like to see the original source, it's here: https://twitter.com/CroissantEth/status/1430293254684151808

    ---------

    In fast-moving markets like this, it seems like almost every other day there is a new bullish "meta" taking over headlines for the week

    For this reason…

    I'll attempt to lay out the top 23 innovations on $ETH that may completely change the way we use the network below! 🥐

    1. Interchain Accounts

    A handful of devs across Proof of Stake blockchains have been working on making the cross chain future a reality

    Interchain accounts will allow different blockchains to easily interact with smart contracts on $ETH

    This will unlock billions in capital…

    https://preview.redd.it/jk6os2vxgpj71.png?width=802&format=png&auto=webp&s=1232a8632628efa97c31d3ef01102641f51722ba

    2. Smart Contracts Wallets

    Smart contract wallets are 100% necessary for widespread adoption of DeFi

    These are wallets maintained by contract code, rather than a private key

    It opens up a world of opportunity for things like social recovery, gas-less txs, & a whole lot more…

    https://preview.redd.it/ag720dc0hpj71.png?width=1200&format=png&auto=webp&s=5fc181e3af248aa626f9b94a91c132b39f88447c

    3. AI DAOs

    Let's imagine an artificial intelligence on the blockchain, constantly improving itself to meet a set of goals

    With neural networks & machine learning on $ETH, this is actually very possible

    Believe it or not, this has already been tested:
    medium.com/@trentmc0/ai-d…📷📷📷AI DAOs, and Three Paths to Get There(AI DAOs Series, Part I)https://medium.com/@trentmc0/ai-daos-and-three-paths-to-get-there-cfa0a4cc37b8#.g9jluxbi3

    4. Web 3.0

    When things went digital, people completely changed the ways they viewed ownership of their items online

    The Web 3.0 economy is an open network owned, and powered by the creators
    There are no silos or boundaries in this ecosystem, meaning platform agnostic ownership

    https://twitter.com/croissanteth/status/1427415449860517888

    5. Automation

    If you build on $ETH, you'll quickly notice one thing…

    There is no way to hard code something to happen at a specific time, everything has to be triggered by something

    This goes for:

    -claiming
    -liquidations
    -payouts

    Bot networks are crucial for $ETH infra 👀

    6. Capital Efficiency

    $ETH is extremely capital inefficient.

    Liquidity is segmented across protocols like Uniswap, Aave, or Sushiswap

    The platform that closes these borders will be the one that prevails, forever changing the way people can use their capital

    7. Staking Derivatives

    With the use of interchain accounts and staking derivatives on $ETH, billions of dollars in locked capital will be unlocked from various proof of stake blockchains

    All of these blockchains can then interact with smart contracts using the derivatives 👀

    8. Fractionalization

    So long, cheap NFTs.

    The creation of fractionalization tools have made NFTs infinitely more accessible for the normal investor

    Entire groups of people can pool to own their fair share of NFTs, & they no longer need the absurd upfront capital to get started

    https://twitter.com/fractionalbot/status/1429211728005550080

    https://preview.redd.it/8xx9jqueipj71.png?width=1150&format=png&auto=webp&s=3077c67c11171e10f49190c69e71763ac06c6d28

    9. Creator Tokens

    As more and more people open up to the idea of creator economies, I believe we will start to see them pop up frequently

    There are a wide range of applications on $ETH that allow you to monetize your work, with benefits even exceeding traditional solutions

    https://twitter.com/croissanteth/status/1422043974471241730

    https://preview.redd.it/sn2vnvudipj71.png?width=1199&format=png&auto=webp&s=e1ab2caeef4320e404936acbc372d6ae85d70a2a

    10. Play To Earn

    The use cases for $ETH & NFTs are undoubtable in the gaming industry.

    With a combo of crypto economics and players of the game, all parties are inclined to make sure the game is developed to the greatest of their ability

    These are very powerful network effects

    https://twitter.com/croissanteth/status/1423779372847218692

    11. Fair Launches

    If there is one common theme in DeFi, it is the ability of fair launches & fair token distribution projects to easily attract value

    Whether it be liquidity mining, governance airdrops, or any other types of fair launches, these kinds of projects always win

    https://twitter.com/asiahodl/status/1361692788048338950

    12. ENS

    Use of ENS in a wide range of dApps will transform UX on $ETH

    Lots of people are still unaware of the fact that they can send any stream of value across the world with nearly instant finality without a bank, as simply as they would send an email

    wallet.eth > 0x87ab…

    https://preview.redd.it/yhq8r75cipj71.png?width=1200&format=png&auto=webp&s=655a08afc3897f6f93725fffa7c1ecdc51da6304

    13. Zero-Knowledge Proofs

    zkproofs are a revolutionary technology made possible by cryptography

    It allows two parties to verify information without revealing anything other than the validity of the statement itself

    They may also have to ability to scale $ETH to the next level

    https://preview.redd.it/1hk5252bipj71.png?width=1199&format=png&auto=webp&s=d169f0580d80ca6dbeeefb66e2cc6816fca0a77f

    14. Synthetics

    Synthetic assets make up the trillions in dollars of assets they can represent

    The benefits of universal market access located on a censorship resistant network should not be underestimated

    This is a tool for applications in the even greater ecosystem

    https://preview.redd.it/yry5mg2aipj71.png?width=1200&format=png&auto=webp&s=40bca0cf9c255f9d20563f3b12c07f2d67402bc2

    15. Ungovernance

    This is a unique governance design minimizing governance as much as possible

    Introduced by $FLX, the token will serve to eventually minimize governance to a PID controller in the code

    This will be particularly attractive for its trust-less design

    https://preview.redd.it/v9bgth39ipj71.png?width=937&format=png&auto=webp&s=bf3eecda132214b14052d4cd1386e4b58e5d55d7

    16. Credit Delegation

    Credit delegation refers to the process of delegating credit to someone

    The smart contracts can be programmed to execute predefined functions, removing trust

    This is a way for DeFi protocols to source liquidity WITHOUT needing borrower side collateral

    https://preview.redd.it/nh800cs7ipj71.png?width=814&format=png&auto=webp&s=ac77f4c4cfc45169cac29048494012178f558b38

    17. Asset Managers

    Asset managers are essentially permissioned pools for use across DeFi

    Any type of pool can use their deposited tokens in a vault through Asset Managers, putting idle capital to work when it is NOT being used as swap liquidity

    This will be massive for AMMs…

    https://preview.redd.it/v9slgvashpj71.png?width=1179&format=png&auto=webp&s=ad6809d92263cc0cf98f61ab144a78c5f0d56724

    18. DAOs

    DAOs can make up of any number of people who maintain a group's decisions in a distributed manner

    Individuals can use their tokens to vote and propose ideas they want to happen

    These have already come to be some of the largest bootstrapped communities we know

    https://preview.redd.it/qkemflarhpj71.png?width=1022&format=png&auto=webp&s=710460faae092a304251798cf324d9e0a204cd9e

    19. NFT Marketplaces

    Although the NFT ecosystem has expanded significantly since last year, there is a lack of a decentralized, user-friendly NFT marketplace…

    When a dApp makes the process of trading NFTs as easy as using Uniswap, the whole NFT market will flock there

    https://twitter.com/croissanteth/status/1425547499163488258

    20. Education

    There is a significant lack of formal education and knowledge involved with crypto

    Those who make trying new dApps and features on $ETH fun to do will attract a huge amount of customers NEW to the industry

    21. On-chain Analysis

    It is actually unbelievable how much "alpha" there is to be found on the blockchain

    Now, it is easier than ever to see what the biggest whales are doing, where the funds are going, and who is interacting with who

    You can even find partnerships on chain

    22. Decentralized Lending Protocols

    An unbiased, non-intrusive, & nearly instant lender is an idea that would be laughed at in tradfi

    However with things like Reflexer, $MKR, & much more on $ETH this is possible

    This is not only a large step for crypto, but all of the world

    https://preview.redd.it/kxtpd3nohpj71.png?width=1023&format=png&auto=webp&s=f6e73d5f9270a921e02719f94f8dd6d69e4be49a

    23. Layer Two Interoperability

    As more users go to layer 2 rollups for their scalability, interoperability will be important

    What is already scaling $ETH to tremendous levels in terms of TPS, will also be able to benefit of the inherent features of optimistic & zkproof rollups

    Anyways, there are an abundance of narratives that may very quickly become the new normal on $ETH, each in different sectors

    It is extremely important to keep all of these in mind while we're in the bull market…

    I hope you all enjoy! 🥐

    submitted by /u/frank__costello
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    BustaRhymes on NFT

    Posted: 26 Aug 2021 05:13 PM PDT

    Do smart contracts have memory space?

    Posted: 26 Aug 2021 05:20 AM PDT

    As fas as I know, Uniswap has pool for each pair such as 3000000 DAI 1000 ETH. Everyone can change liquidity in those pools by being liquidity provider and swaping tokens. Where is these pools' data stored on blockchain? Does contracts have memory space on blockchain? How is current pool info and owner of liqudities known? I search on internet but I can't find the answer.

    submitted by /u/mjdaer
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    Crypto Credit Cards

    Posted: 26 Aug 2021 03:32 PM PDT

    What about these crypto rewards credit cards? Sofi, Brex, Venmo, BlockFi, Gemini. Anyone have a good or bad experience with these cards?

    submitted by /u/SquidProJoe
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    What is DeFi 101 ?

    Posted: 26 Aug 2021 03:28 PM PDT

    DeFi means decentralised finance. 10 years ago, we saw the creation of Bitcoin — a decentralised money. Building upon this asset (decentralised money), we are now at the stage of decentralised finance.

    We are basically programming code into the money (e.g. $Dai). And in the code, we incentivise people to put money in or take money out.

    How? We do this by changing interest rates.

    Why? This will change people's behaviours by creating loans and to encourage lending or borrowing.

    Don't get it. Explain that again? When demand drops, the interest rate drops. People are more likely to demand more $Dai now, since it is cheaper.

    When demand goes up, there is too much supply. Interest rates increase. People demand less $Dai because it's more expensive now.

    Where is the "programming code" part? The change in interest rate is executed by programs and code!

    submitted by /u/economicsdesign
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