Ethereum The Ethereum $ETH Ecosystem |
- The Ethereum $ETH Ecosystem
- This is why DeFi ＆ DEX's are the future.
- 2014 vs 2021* non fud edition
- WatchTheBurn: Burn Visualizer update v3! New logo, aggregations, more data points in charts, all Real-Time!
- Reminder: high gas fees are a symptom of Ethereum’s unrivalled demand. The network currently settles $25bn a day in ETH and stablecoins alone, not including any erc-20 tokens or NFTs, >3x more value than Bitcoin. This symptom is cured by rollups and sharding.
- What is the different between ETH and ETH2?
- Vitalik: "Rollups will not become useless for a long time. The current proposed implementation of sharding is just data sharding, meaning that you would not be able to have txs “directly” on the shards; rather, the shards would just be data space so that rollups could have much higher scalability."
- British banking giant Standard Chartered is more bullish on ether than bitcoin, it sees ether going up to 10x, But it says ether carries more risk.
- It seems like SOLANA will be the real life smart contract
- [For those familiar with the development of ETH 2.0] When do you believe “The Merge” will take place?
- SEC wants to sue CoinBase over lend
- Cross Layer/Rollup NFT bridge - Hackathon
- I have a MetaMask account I set up the wallet I got started on open sea and tried to make a nft and found out I need to pay gas fees to get it on the block chain. If I don’t have much extra money what is the best way I can do this? I know once I get started I can have some income and keep it up.
- If miners go out who host the network?
- Eden Network Raises $17.4M to Tackle Frontrunning, MEV on Ethereum
- I created my first collection of NFTs on Opensea, I would like your honest opinion about the art type, values, tips and other things. This is all still very new to me, so I'm counting on your help.
- Questions Regarding Gas Fees
- Is there a point to use L2 networks like polygon MATIC for selling NFTs ?
- Imagine if we could automatically exchange NFTs for its crypto value
- Where are smart contracts running?
- If our hope is for ETH to become a viable currency in addition to the benefits of Ethereum in general, why is everyone so excited that it’s being burned?
- Curious about Eth distribution statistics, what are some good sources to find out about who/which wallets owns most of the eth in circulation?
- Controversial Opinion: To stake Ethereum should need a computer costing around 1 Eth to buy so the blocktime can be reduced and/or the gas limit increased.
| Posted: 08 Sep 2021 04:04 PM PDT
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| This is why DeFi ＆ DEX's are the future. Posted: 08 Sep 2021 04:22 AM PDT
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| Posted: 07 Sep 2021 09:34 PM PDT
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| Posted: 08 Sep 2021 10:15 AM PDT
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| Posted: 07 Sep 2021 11:28 PM PDT It's extremely bullish how much demand there is to use the Ethereum network. The associated gas fees are an entirely fixable symptom of that demand. Source of $25bn: https://money-movers.info/ [link] [comments]  | ||
| What is the different between ETH and ETH2? Posted: 08 Sep 2021 06:29 PM PDT Good evening everyone! I recently bought $1000 of ETH and soon noticed that there was also an ETH2. So then I wanted to find out – and I apologize if this has already been answered – what is the different between ETH and ETH2? I am completely new to cryptocurrency's so please explain it to me as if I have almost no knowledge on the subject (because I don't). Also Coinbase (what I am using) says: Join the wait list for ETH2 Stake your ETH on Coinbase and earn up to 5.00% APR What does that mean? I am assuming that ETH2 isn't available yet? [link] [comments]  | ||
| Posted: 08 Sep 2021 03:53 PM PDT There have been constant questions about what would happen to Rollups once ETH2.0 is fully complete including sharding. Vitalik responds here: https://ethresear.ch/t/cross-rollup-nft-wrapper-and-migration-ideas/10507/8 "It will not become useless for a long time. The current proposed implementation of sharding is just data sharding, meaning that you would not be able to have txs "directly" on the shards; rather, the shards would just be data space so that rollups could have much higher scalability." Rollups are here to stay even with ETH2.0 sharding folks. Super bullish for Optimistic Rollups like Arbitrum, Optimism, and Boba Network. Unfortunate that Boba Network is only one that is tokenized (fees still paid in ETH), which will help decentralize the rollup. [link] [comments]  | ||
| Posted: 08 Sep 2021 04:57 AM PDT
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| It seems like SOLANA will be the real life smart contract Posted: 08 Sep 2021 07:21 PM PDT
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| Posted: 08 Sep 2021 10:56 AM PDT For accuracy, this is really a poll for those familiar with the matter. If like me, you've not been following R&D closely click "results" [link] [comments]  | ||
| SEC wants to sue CoinBase over lend Posted: 08 Sep 2021 07:39 AM PDT
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| Cross Layer/Rollup NFT bridge - Hackathon Posted: 08 Sep 2021 11:33 AM PDT Right after we discussed bridging NFTs cross layers, Vitalik posted his ideal solutions for solving the problem. Time is mature for hacking! The Cyphers (an ethOS delegation) launch a hackathon following the flow. Some concepts: erc20, erc1155 etc. are token standards universally used so far by the Ethereum community and many others Time ago ethOS launched a "super standard" for token entities called ethITEM willing to somehow mix and take the best of all available standards. The result is a format that is all the previous one at the same time called in fact ethITEMS and perfect for many applications (not going into detail here) ethITEMS will reach version 2.0 officially in the next weeks, introducing some new cutting edge functionalities It is time to extend this new standard and its use to all Layers and to find a solution for a seamless control between different ones. The Cyphers are a delegation supported by ethOS economy and are going to fund constant hackathons for the creation of public goods for the community. The first Hackathon will tackle the problem of bridging items and more generically NFTs over the layers, with the aim of having this knowledge available for any of the future token standards we are going to use in this community. If you are ready to accept the challenge stay tuned, more info coming in the next few days. So far we have collected around 10k EUR prize for this first hack, more may come in the next weeks. Any team involved in L2 solutions please drop a line in order for your layer not to be excluded by this event (you may also consider adding a bounty to the basket for the challengers showing interest for your chain!) As always: Decentralize Disintermediate Integrate ☠️☠️☠️ [link] [comments]  | ||
| Posted: 08 Sep 2021 02:21 PM PDT | ||
| If miners go out who host the network? Posted: 08 Sep 2021 04:36 PM PDT | ||
| Eden Network Raises $17.4M to Tackle Frontrunning, MEV on Ethereum Posted: 08 Sep 2021 07:41 AM PDT
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| Posted: 08 Sep 2021 07:06 PM PDT
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| Posted: 08 Sep 2021 01:24 PM PDT How do gas fees work exactly? I understand that you have to pay a fee to write a transaction to the blockchain from one wallet to another, but who sets them? Is it an algorithm or the miner? Also do gas fees go to the miner or are the burnt? This means any Ethereum I currently own can't be sold to someone else without considerable losses, correct? [link] [comments]  | ||
| Is there a point to use L2 networks like polygon MATIC for selling NFTs ? Posted: 08 Sep 2021 12:46 PM PDT Hello, I'm a digital artist wanting to sell my art on the blockchain. I'm trying Opensea and, of course, I'm stuck with the current high gwei which is levelling up the entry point cost (you need two high gas transactions to register on Opensea). Even after this setup, the buyers will have to pay TX fees on acquisition, but it can be circumvented by minting on the polygon "sidechain". Does it make sense to pay additional TX fees to retrieve gains made on the L2 platform instead of directly minting on L1 ? The buyer will ultimately have to pay TX fees to retrieve their gains when reselling on their end too. This setup is only profitable from a seller's perspective if there are more transactions made on L2 than on L1 (because the markets are mutually exclusive, you can't list an NFT on L1 and L2). For the buyer, it only makes sense if you buy multiple pieces (the exact number needs to be determined) Is there a large enough buyer's market on Opensea L2 ? If I misunderstood something, please be patient enough to correct me. Sorry if any terminology is wrong, I just hope you experts understood my question ! [link] [comments]  | ||
| Imagine if we could automatically exchange NFTs for its crypto value Posted: 08 Sep 2021 05:18 PM PDT So NFTs are usually sold and bought between humans (or hodled). Now, imagine if there was a platform that allowed you to "convert" your NFT for crypto, the same way you can use Exodus to convert any pair of crypto. A cryptopunk could be traded, or just be exchanged and destroyed to redeem its value. Maybe I'm just smooth brain and this idea doesn't make sense or has already been done, but hey, what are your thoughts? [link] [comments]  | ||
| Where are smart contracts running? Posted: 08 Sep 2021 01:26 PM PDT so I decided to make a blockchain that implements smart contracts as a final year project, and so far I am understanding everything fine, the only thing I can't wrap my head around is where are smart running? I always see people say they run on the blockchain but how can a blockchain actively run code? how does it operate on a code level? [link] [comments]  | ||
| Posted: 08 Sep 2021 07:19 PM PDT If I understand correctly, ETH prints to infinity and has no cap, so the burn doesn't outnumber the new additions. But what's the long game there? Why is it built right into the new system? Is the goal for it to be a store of value like BTC instead of common transactional currency down the road? [link] [comments]  | ||
| Posted: 08 Sep 2021 02:17 PM PDT I've already searched for the first few pages of hits on ddg. [link] [comments]  | ||
| Posted: 08 Sep 2021 10:17 AM PDT Currently you can run a validator on a Raspberry Pi 8GB. Clients are still young for Eth 2.0 and further refinements to them will reduce the stress on CPUs and disks. Now it is a noble thing to be able to run your blockchain on hardware as cheap and low powered as the Raspberry Pi however to stake you also need 32 Eth current value around $110,000. If we up the minimum spec to run a node to a 16 core CPU, 64GB of ECC RAM, 5x2TB SSDs in RAID, UPS, 4G/5G fallback for your internet connection then this would still cost less than 1 Ether. This would be able to run multiple validators for pools and whales as each additional validator you add requires only a little additional work However it would allow a reduction in block time and an increase in gas. How much? I don't know, however I would say we could halve the (post merge) blocktime to 6 seconds and double the gas limit to average 30,000,000 per block for a 4x throughput increase (probably significantly more). What will this achieve? Firstly it will take some pressure of L1 while layer 2 is developing. Layer 2 solutions are probably 1 year out to being the main way of interacting with the chain. It will also give more blockspace to layer 2. The major problem would be state bloat. However Vitalek has a plan. https://notes.ethereum.org/@vbuterin/verkle_and_state_expiry_proposal This should be up and running within a couple of years which shoud solve state bloat problems forever. The current Ethereum state is around 400GB so even with 4x the traffic 8TB of disk space should last until this is implemented. Ethereum is bursting at the seams right now and this will just give a little breathing space while the solutions already being developed (L2, sidechains, sharding) take shape. Thoughts? [link] [comments]  |
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