• Breaking News

    Monday, October 11, 2021

    Home Unlabelled Ethereum Frequently Asked Questions + Weekly Discussion Thread

    Ethereum Frequently Asked Questions + Weekly Discussion Thread

    October 11, 2021

    Ethereum Frequently Asked Questions + Weekly Discussion Thread

    Frequently Asked Questions + Weekly Discussion Thread

    Posted: 10 Oct 2021 11:00 PM PDT

    Welcome to the Weekly Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Rules:

    • All sub rules apply in this thread.
    • Discussion topics must be related to Ethereum.
    • Behave with civility and politeness. Do not use offensive, racist or homophobic language.
    • Comments will be sorted by newest first.

    Useful Links:

    Reminder

    /r/ethereum is a community for discussing the technology, news, applications and community of Ethereum. Discussion of the Ether price or trading is not allowed. Please keep those discussions to /r/ethfinance and /r/ethstaker.

    ​

    Frequently Asked Questions

    Where's the best place to buy ETH?

    There are many centralized exchanges that support Ethereum. If you live in the US, the most popular exchanges are Coinbase, Gemeni and Kraken. Coinbase users can use Coinbase Pro for lower fees.

    When is Eth2 launching?

    Eth2 is a marketing term used to represent a number of updates to Ethereum. The Eth2 proof-of-stake chain first launched in December 2020. "The Merge", which is the event that will fully switch Ethereum's consensus to proof-of-stake, is estimated to be ready in early 2022, although there is no exact timeline. Other updates, such as data shards, will follow that update.

    Visit ethmerge.com to learn more about "The Merge".

    Do I need to do anything to update to Eth2? Will Eth2 create a new token?

    No, ETH holders never need to take any action to keep holding ETH. Ethereum users will be unaffected by the Eth2 upgrade. And the Eth2 updates will not create any new tokens.

    How can I stake my ETH?

    There are two ways that you can stake your ETH: by running your own validator, or providing your ETH to a staking pool.

    • Running your own validator requires a modern computer and 32 ETH. Visit /r/ethstaker for more details
    • Staking pools accept any amount of ETH. We recommend Lido or StakeWise

    Why are Ethereum transaction fees so high?

    Like most blockchains, Ethereum fees are determined by supply-and-demand. The large demand to use Ethereum has pushed transaction fees quite high (however, fees were just a few cents only 2 years ago). Fees are especially high during market volatility, and during NFT drops.

    What is being done to lower Ethereum transaction fees?

    Ethereum fees are reduced by using layer-2 rollups. Rollups are scaling solutions that allow for significantly cheaper transactions, while still maintaining Ethereum's security.

    Additionally, Eth2's data shards will make rollups even cheaper.

    While rollups are cutting-edge technology being actively developed, a number are already live on Ethereum mainnet. Visit l2beat.com to learn more about rollups.

    What's the best wallet for Ethereum?

    The most popular tool for using decentralized applications is Metamask. However, for security reasons, we recommend using a hardware wallet such as a Trezor or Ledger.

    ​

    Are there questions you'd like to see added? Leave a comment below.

    submitted by /u/AutoModerator
    [link] [comments]

    Over 500,000 ETH Have Been Burned on the Ethereum Blockchain

    Posted: 11 Oct 2021 03:34 PM PDT

    Ethereum network settled $2.7 trillion in ETH transactions since January 2021. F**k centralized financial network!

    Posted: 11 Oct 2021 08:06 AM PDT

    Ratio Between Ethereum Holdings in the Top 10 Largest NON-EXCHANGE Addresses and Top 10 Largest EXCHANGE Addresses is at an All-Time High

    Posted: 11 Oct 2021 05:57 PM PDT

    Hi everyone. Here is the link to a known hacker end state address used in many hacks including my drained wallet. +3 mil stolen shown here

    Posted: 11 Oct 2021 10:19 AM PDT

    I’ll much appreciate an advice from this holy community, on which DEX to invest in ?

    Posted: 11 Oct 2021 07:25 PM PDT

    How much ETH is a good realistic target?

    Posted: 11 Oct 2021 08:13 PM PDT

    Is 1 ETH enough to grow into a nice nest egg in 20 years? 5+? 10 or more?

    ETH is still not extremely cost prohibitive to accumulate, but I think that it will become much harder in the next year. What do people here feel is a good target for someone in their early 30s to strive for very aggressively?

    Thoughts?

    submitted by /u/SnooSketches1626
    [link] [comments]

    EXCLUSIVE Interview - Vitalik Buterin on the future of scalability on Ethereum!

    Posted: 11 Oct 2021 07:41 AM PDT

    How do I factor in ETH gas when trading on uniswap?

    Posted: 11 Oct 2021 03:09 PM PDT

    Do DAOs have already access to trusted computation and storage? I mean wouldn't it be actually really beneficial for the space if some trusted cloud provider were to allow Ethereum based DAOs to host applications?

    Posted: 11 Oct 2021 04:30 PM PDT

    Think about it, right now there are a few cloud providers that have huge businesses at stake. So even though they are certainly an attack vector certain applications would be totally fine running on these trusted cloud platforms. The governance structure and payments could be 100% on-chain. Even though I'd prefer everything to be completely decentralized, if DAOs would be able to open an account at AWS and could pay them to host applications, we could have a whole new category of apps. It would be how app development should be, an internet company structure that is extremely secure (DAO) and trusted computation to run the actual app. Of course, it would only work reasonably well if several cloud providers were to compete to host the DAOs application.

    The simple fact that this is not yet possible is really insane.

    Or am I missing something?

    submitted by /u/VLADIMIROVIC_L
    [link] [comments]

    The Most Interesting Use Cases for Ethereum (Hint: not its use as a currency)

    Posted: 11 Oct 2021 08:02 AM PDT

    One of the most common misconceptions in this space is that currency is the primary use case for crypto. Some people believe, for example, that ETH must succeed as a currency for it to ultimately succeed. This is a common belief, especially among newcomers, but even among people who have been in the space for years. I'd like to help dispel this myth.

    ETH's primary use cases are:

    1. as pristine trustless collateral used in DeFi
    2. as a capital asset (staking)
    3. as a confiscation-resistant and inflation-resistant store of value (EIP1559 / the burn / triple halvening)
    4. as a commodity (gas for transactions)

    Note, these are the use cases for ETH. The use cases for Ethereum (the network) are vast and cannot be completely enumerated in a post like this.

    While ETH is used today as a currency for NFTs, that is because NFTs grew up within the Ethereum ecosystem. The use case of currency will likely persist and grow, but it is the least interesting aspect of ETH.

    submitted by /u/Always_Question
    [link] [comments]

    The future of the decentralized web: Community Websites, Tokenized Websites, and WNFTs

    Posted: 11 Oct 2021 10:19 AM PDT

    We just published an article with proposals for three kinds of futuristic websites that can only be implemented in the decentralized web (using ENS+IPFS):

    - Community website: a website that is owned by a DAO, but the members of the DAO are people from the website community.

    - Tokenized website: a website that owns an ERC-20 token.

    - WNFT: Website NFTs. A website where some areas in the website are controlled by an NFT. This literally "breaks" the website into parts. This kind of trick can only exist in the dWeb.

    Would love to hear your feedback about it!

    submitted by /u/neiman30
    [link] [comments]

    Gas trackers once gasnow disappears

    Posted: 11 Oct 2021 08:48 PM PDT

    With gasnow.org going to be extinct in a few days, is there another gas tracking site that gives rough estimates on how much swap should cost or add liquidty should cost? The only other way I know of is just to look through etherscan transactions , that doesn't seem like the most optimal way though.

    submitted by /u/MONGSTRADAMUS
    [link] [comments]

    What is your opinion on Compound ?

    Posted: 11 Oct 2021 08:02 PM PDT

    ETH Accepted as Payment

    Posted: 11 Oct 2021 07:42 PM PDT

    Helium (HNT) miner shipments restocked and $ETH is now accepted as payment at checkout. Visit the store and secure your purchase here.

    submitted by /u/SleepyBus99
    [link] [comments]

    Polygon, BSC, Ethereum Nodes API for dApps: Next Big Thing?

    Posted: 11 Oct 2021 01:04 PM PDT

    PacSun now accepts Ether! [Youth, clothing, accessories]

    Posted: 11 Oct 2021 02:16 AM PDT

    Tool: Solidity-Shell - An interactive Solidity REPL with session recording and remote compiler support.

    Posted: 11 Oct 2021 12:31 PM PDT

    Squid Game Marble Contract - Should I deploy it?

    Posted: 11 Oct 2021 01:59 PM PDT

    Hey all -- I created a marble game that works like Squid Game. After paying entry, there will be several rounds where you pick even or odd marbles until there's one winner left (at which point the eth automatically gets transferred to you).

    My question is, it's expensive to deploy and operate, so would you be interested in playing?

    Let me know below or feel free to join the discord https://discord.gg/ZpYDfUKf

    submitted by /u/chilly319
    [link] [comments]

    actual gwei vs. Coinbase Wallet?

    Posted: 11 Oct 2021 04:52 PM PDT

    Gastracker (for example) is telling me this transaction will cost 88 gwei (fastest) when i go to do it in coinbase wallet it tells me that 88 is too low and that 120 is normal, 130 fastest. obviously i want to save gas but dont want my transaction stuck @ $55/swap. anyone have experience with this? TIA!

    submitted by /u/epygit
    [link] [comments]

    Respecting the Builders - The Daily Gwei #353

    Posted: 11 Oct 2021 06:11 AM PDT

    How do I check what is the current gas fee for sending ethereum?

    Posted: 11 Oct 2021 03:41 PM PDT

    And how much are you paying in fees usually when you send?

    submitted by /u/coppeirone1
    [link] [comments]

    Is it a good thing that LPT is nearing its max cap w/ circulation?

    Posted: 11 Oct 2021 02:58 PM PDT

    South Korean Minority Preps To Challenge Unpopular Crypto-Tax Law

    Posted: 11 Oct 2021 06:08 AM PDT
    Read more
    at

    No comments:

    Post a Comment