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    Ethereum I finally made it

    September 09, 2021

    Ethereum I finally made it

    I finally made it

    Posted: 09 Sep 2021 01:07 PM PDT

    NFTs are crazy

    Posted: 09 Sep 2021 09:48 AM PDT

    Really trying to get into NFTs but its really hard. Like you mean to tell me that not only am I buying nothing, but my nothing that i bought isn't even the set of pixels that was the reason I bought the nothing, I'm actually buying a set of code that represents where on the internet my set of pixels are stored?? Not only that, but there's also a small chance that the set of code I bought that was supposed to tell me where my set of pixels are could just decide it doesn't want to tell me where it is and give me a 404 error??

    Really crazy stuff here

    submitted by /u/gghq25
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    Let's say I have 100 ETH sitting in a wallet that I forgot about from 5 years ago, that I don't plan on selling. Do I need to worry about taxes?

    Posted: 09 Sep 2021 10:10 AM PDT

    MASSIVE: Solidity, Blockchain, and Smart Contract Course - Beginner to Expert Tutorial with Python

    Posted: 09 Sep 2021 08:14 AM PDT

    CTO of Arbitrum explains the different stages of Eth2, and how "data sharding" can reduce layer-2 costs by "1/10 to 1/100"

    Posted: 09 Sep 2021 02:00 AM PDT

    How to Solve Ethereum's NFT Gas Wars

    Posted: 09 Sep 2021 02:43 PM PDT

    Secured no. 1 -- Protecting the Ethereum consensus-layer

    Posted: 09 Sep 2021 06:32 AM PDT

    Ethereum has added more than 6.2M addresses holding 0.01-1 ETH since the start of 2021 - link

    Posted: 09 Sep 2021 11:46 AM PDT

    Teleportr is live! You can now bridge your ETH from L1 to optimism L2 at a very low cost.

    Posted: 09 Sep 2021 11:40 AM PDT

    Does anyone know why the hell the count of ETH is still super low two weeks after the split?

    Posted: 09 Sep 2021 12:44 PM PDT

    Rocket Pool - Mainnet Launch October 6th

    Posted: 08 Sep 2021 09:01 PM PDT

    I'm able to stake ETH on Coinbase, should I move it from my cold storage?

    Posted: 09 Sep 2021 07:42 PM PDT

    I was going to wait until either my wallet (Exodus) or another staking service became available, and I don't have much (around 5 ETH) and I have had a great experience staking XTZ so far.

    Help me decide?

    submitted by /u/SwoleFlex_MuscleNeck
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    How do we classify Stablecoins ??

    Posted: 09 Sep 2021 04:20 PM PDT

    Introduction

    In this crypto space, it is all about innovation. One of the key innovations today is the development of stablecoin mechanisms. The types of stablecoin mechanisms today are so varied that 2017's classification is not applicable. Today, stablecoin is more than just the classification of on-chain collateral, off-chain collateral and algorithmic stablecoin.In addition, stablecoins have different objectives and reasons for existence. Because of these varying objectives, different types of stablecoins were born. Many of them have failed and only a few familiar faces remain. In this article, we share how to discuss the stablecoin toolkit to classify stablecoins.

    2017 Stablecoin Mechanisms

    In 2017 there was a very brilliant report that classified stablecoins into three kinds of mechanisms. It is not available anymore, but it was a popular article that everyone quoted.

    1. On-chain stablecoins

    These are coins like $DAI from MakerDAO where you take and keep on-chain assets like $ETH, $USDC, $YFI or $LINK. Then create stablecoins out of it. You take on-chain assets and use them as collaterals to mint $DAI.

    2. Off-chain collateral

    Off-chain collateral is where you give your money to someone and get the equivalent amount in crypto. Let's say you give a 5 USD note to a company then that company gives you 5 crypto $USD. An example is $USDC which is managed by Coinbase — you send USD to Coinbase and it gives you crypto USD. Every 1 $USDC is backed by 1 USD in the Coinbase bank.

    3. Algo stablecoins

    Algo stablecoins can be classified as different kinds of rebasing mechanisms. Examples are $UST (TerraUSD on the $LUNA network), or Amperforth, as well as mechanisms like Empty Set Dollar and Dynamic Set Dollar. $FEI is also considered algo stablecoin. We did the recent analysis here.

    2021 Stablecoin Mechanism

    Today, we have a better way to classify these mechanisms. Shoutout to Amani Moin, Emin Gün Sirer and Kevin Sekniqi for their great research paper.

    Reserves

    Most of these stablecoins are backed by reserves. Just like after World War II when the world economy was recovering, and a lot of currencies were volatile. Money was backed by gold and every central bank had gold in the bank. When they printed currency like 1 USD, it was worth that amount of gold in the reserve. This means that the stablecoin can be redeemed for the underlying reserve.The reserves then were gold but today it could be a lot of things like on-chain collaterals or off-chain collaterals. It could be like a MakerDAO where you have a lot of different kinds of currencies like $ETH, $YFI or $AAVE. Or it could be off-chain collaterals like gold, US dollars, Japanese yen, etc. Reserves are used to create mechanisms to determine stablecoins with low volatility.

    Dual Token

    When we talk about stablecoins, we are talking about a coin with low volatility or a coin that does not move much. But the truth is that a lot of things actually do still move and there is a lot of volatility in the space.The dual token model has one token that is stable while the other token absorbs the volatility. When prices go up or down the secondary token absorbs the volatility. The secondary token could do a lot of other things but the main purpose is to absorb volatility so that it does not impact the stablecoin.

    Algo stablecoins

    An algo stablecoin is about creating a stablecoin defined by math. The math changes according to different market changes, to allow the stablecoin to remain at its peg value (e.g., $1).You can change the math if you want (e.g., multi-sig governance) or if the governance votes for it (e.g., DAO). Algo stablecoins come in many different types. You have a rebasing model, a bond-like model, and a debt-like model.

    Mixed

    A mixed mechanism is a combination of two or a combination of all of the mechanisms; these mechanisms need not exist alone. In stablecoins, one mechanism is not the end and you can mix them up because they serve different kinds of purposes and have a different kind of volatility. You can hedge against volatility in a variety of ways.Thus, we have four mechanisms in 2021. TLDR:Although, stablecoin is no stranger to many people, it is still developing and improving the existing advantages — from creating the first stablecoins to having them automatically adjust to the market. These adaptations are something to be proud of, but is every market phase the same? As we can see, the Stablecoin market is a "play ground" for projects that fully answer the three questions above. In the future, we will see a variety of complex stablecoins, including many tools that aid in securing the anchor. This is a topic that will be discussed further in the future.

    submitted by /u/economicsdesign
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    Mastercard acquired crypto intelligence company CipherTrace to expand and let user adopt crypto

    Posted: 09 Sep 2021 10:18 AM PDT

    How Joseph Lubin became Wall Street’s crypto whisperer

    Posted: 09 Sep 2021 10:23 AM PDT

    Why is there an anticipated yield spike after the merge?

    Posted: 09 Sep 2021 08:23 PM PDT

    staking yield that is

    submitted by /u/STILL_DETOX
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    Hackathon with $150k in prize money starts Friday if anyone is interested

    Posted: 09 Sep 2021 04:44 AM PDT

    Which parts of the Ethereum Ecosystem will be obsolete when Ethereum completes its switch to Ethereum 2.0? What will happen to Polygon (MATIC) for example?

    Posted: 09 Sep 2021 04:54 AM PDT

    I think big changes in Ethereum will lead to big changes in the Ecosystem or am I wrong?

    submitted by /u/Morgentau7
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    How do companies like Uniswap update their contracts if they are immutable on the blockchain?

    Posted: 09 Sep 2021 02:23 AM PDT

    Companies such as Uniswap often have v1, V2, and newer versions of their platform, but how do they update it once it's stored on the blockchain?

    How do they move all assets from one to the next?

    submitted by /u/LifelessMC
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    Polygon Integrates Mina Protocol, Bringing Privacy to Ethereum Scaling Solution

    Posted: 09 Sep 2021 09:08 AM PDT

    The decentralized website of the week award

    Posted: 09 Sep 2021 10:51 AM PDT

    We just launched the decentralized website of the week award! (following a pilot a few weeks ago). The Web 3.0 community will elect every week the best dWeb website from those created or updated in the previous week.

    Vote here: https://twitter.com/e_steroids/status/1436019896098426885

    Explanation and rules here: https://esteroids.medium.com/dwebsite-of-the-week-award-57b4f5a7a03

    The prize is sponsored by ENS (a 100$ for the winner), but we want to have more sponsors soon and get the prize to really push the dWeb forward.

    submitted by /u/neiman30
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    Nethermind is looking for a Shadowy Super Coder!

    Posted: 09 Sep 2021 12:59 PM PDT

    What is the point of increasing DAG size?

    Posted: 09 Sep 2021 08:21 PM PDT

    If DAG size increases, then it makes many GPUs obsolete. This in turn would make the network more centralized because it would incentive using GPUs that are expensive and have higher cards. What is the advantage of increasing DAG size then?

    submitted by /u/StronkCowPie
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    What stops the Eth Devs and those 50 ICO dudes from laying on the beach and collecting interests for the rest of their lives, if Eth 2.0 completes?

    Posted: 09 Sep 2021 07:52 PM PDT

    They could get paid dividends forever, right?? And their money will just keep growing!!

    The Good Life

    submitted by /u/A_solo_tripper
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