Ethereum Frequently Asked Questions + Weekly Discussion Thread |
- Frequently Asked Questions + Weekly Discussion Thread
- What's the best thing you've bought with Ethereum?
- Ethereum needs you to test the merge!
- Ethereum Users To Soon Be Able To Make Private Transactions As Tornado Cash Set To Launch On Arbitrum Layer Two Network
- When is Eth 2.0 coming??
- Will ethereum scaling actually make things better?
- Vitalik will figure it out
- Ethereum, Solana, Monero and Bitcoin
- Traditional vs. Roth IRAs: Which Is Better for Ethereum?
- Observations About Today's Crypto Bull Market
- Budweiser has changed their Twitter name to beer.eth, and announced an NFT drop on Ethereum
- Giving Thursday Livestream discussing how charities can stake ETH and not just immediately sell it.
- How to hop between chains
- We like the (EIP-2535) Diamonds
- If you mine into a pool, when Ether mining "stops", what will happen to the shares you earned that didn't meet the minimum payout?
- What are the big use cases for cross chain besides lending or yield farming in other protocols?
- My brother is expecting a child, and as a gift I want to purchase 1 ETH and have it stored in a wallet for when he turns 18. What is the easiest way to do this? Is there a comprehensive guide somewhere?
- district0x Dev Update - November 30th, 2021
- Haters Gonna Hate - The Daily Gwei #389
- NEW TOKENOMICS ✅
- Ughh... slow and expensive transactions, which ETH L2? zk, optimistic, or Polygon?
- Distributed Ledger Study
- How come coins built on top of Ethereum don't have a gas fee to transfer coins between wallets?
- New Coinbase earn
- What in the world is this ? $200 or 0.04 ETH in network fee ? Is this normal ?
- Announcing the Flashbots Eth2 Working Group
| Frequently Asked Questions + Weekly Discussion Thread Posted: 28 Nov 2021 11:00 PM PST Welcome to the Weekly Discussion. Please read the disclaimer, guidelines, and rules before participating. Rules:
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.
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. [link] [comments] | ||
| What's the best thing you've bought with Ethereum? Posted: 30 Nov 2021 12:51 PM PST | ||
| Ethereum needs you to test the merge! Posted: 30 Nov 2021 07:54 AM PST
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| Posted: 29 Nov 2021 11:30 PM PST
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| Posted: 30 Nov 2021 03:41 PM PST | ||
| Will ethereum scaling actually make things better? Posted: 30 Nov 2021 02:51 AM PST If transaction capacity increases 1000 times like Vitalik talks about, won't we just have a thousand times more shit applications like Cryptokitties consuming all capacity and pushing transaction fees as high as now. As I understand it there is no good way to scale towards infinity on demand. I am talking about L1 scaling now. [link] [comments] | ||
| Posted: 30 Nov 2021 10:42 AM PST
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| Ethereum, Solana, Monero and Bitcoin Posted: 30 Nov 2021 05:21 AM PST Noob here. I have been stalking for several weeks these subreddits because these are my favourites and I must say the Ethereum sub it's way more technical and fun to read than all others. Users here are more community open, there are many projects and not everything is around a few devs. [link] [comments] | ||
| Traditional vs. Roth IRAs: Which Is Better for Ethereum? Posted: 30 Nov 2021 10:33 AM PST
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| Observations About Today's Crypto Bull Market Posted: 30 Nov 2021 10:13 AM PST | ||
| Budweiser has changed their Twitter name to beer.eth, and announced an NFT drop on Ethereum Posted: 29 Nov 2021 10:34 AM PST Many individuals have set their ENS name as their Twitter username, but AFAIK Budweiser is the first major company to do so You can see them displaying beer.eth here https://twitter.com/budweiserusa And they're selling NFTs on Ethereum mainnet starting today. I'd post a link, but I don't want to get this post removed for NFT promotion. [link] [comments] | ||
| Giving Thursday Livestream discussing how charities can stake ETH and not just immediately sell it. Posted: 30 Nov 2021 09:48 AM PST
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| Posted: 30 Nov 2021 01:18 PM PST
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| We like the (EIP-2535) Diamonds Posted: 30 Nov 2021 06:15 PM PST
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| Posted: 30 Nov 2021 03:11 PM PST | ||
| What are the big use cases for cross chain besides lending or yield farming in other protocols? Posted: 30 Nov 2021 05:19 PM PST I am trying to understand the most common use cases and which cross chain solutions fit which scenarios. I either head things at a high level that something is a specific chain to chain bridge or Polkadot is cross chain, but I am still unclear. How does this fit in with say chainlink cross chain interoperability protocol? [link] [comments] | ||
| Posted: 29 Nov 2021 06:54 AM PST I have invested in crypto before but it was always through an online broker. Edit: Thank you all for your helpful suggestions! I was not expecting this much feedback! [link] [comments] | ||
| district0x Dev Update - November 30th, 2021 Posted: 30 Nov 2021 04:47 PM PST
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| Haters Gonna Hate - The Daily Gwei #389 Posted: 30 Nov 2021 05:11 AM PST
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| Posted: 30 Nov 2021 06:43 PM PST
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| Ughh... slow and expensive transactions, which ETH L2? zk, optimistic, or Polygon? Posted: 30 Nov 2021 07:57 AM PST What are the pros/cons for each? Because I'm seeing a lot of these issues...
Not exactly health scenarios for the ETH ecosystem... I read this article below covering Arbitrum, Optimism, and Polygon and I've personally researched zkSync... How Blockchain Scaling Solutions Really Work ... but need input from anyone that's used them all. I've only been using Polygon so I can't speak on UX, only what I've read. Personally, I'm leaning towards zk-rollups but want someone to play devil's advocate here. [link] [comments] | ||
| Posted: 30 Nov 2021 06:04 PM PST | ||
| How come coins built on top of Ethereum don't have a gas fee to transfer coins between wallets? Posted: 30 Nov 2021 05:37 PM PST From my understanding, calling the "transfer" function in a smart contract is a write, and therefore a transaction. If this is true, why are fees for transferring a coin like USDT so much lower than ETH gas? [link] [comments] | ||
| Posted: 30 Nov 2021 05:15 PM PST | ||
| What in the world is this ? $200 or 0.04 ETH in network fee ? Is this normal ? Posted: 30 Nov 2021 05:10 PM PST
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| Announcing the Flashbots Eth2 Working Group Posted: 30 Nov 2021 12:23 PM PST
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