Ethereum Frequently Asked Questions + Weekly Discussion Thread |
- Frequently Asked Questions + Weekly Discussion Thread
- Gas Fees are killing small investors
- Vitalik also sends a small amount to test before sending the actual amount.
- Ethereum Is Now the Primary Collateral for Decentralized Stablecoin DAI
- New Coinbase Earn - Loopring (LRC)
- Andrew Yang, crypto/UBI advocate, raised 6.9 ETH from his first NFT
- CBDCs are a false utopia and do not champion the vision that Satoshi set to envision; the importance of a decentralized stablecoin is of immense importance, especially given that within our lifetimes, we will see most of the world’s value migrated on-chain.
- ENS DAO: Call For Delegates
- The Houston Rockets' "Rocket Shop" accepts Ether! [Jerseys, clothing, novelties]
- Really? $800 for gas? ��♂️
- Why would anyone pause their staked eth on Coinbase? I saw the option today and couldn’t think of a practical use for that. I thought that all staked balances were locked until eth2.
- Too expensive to use. (Dont get mad)
- Thought experiment.
- ENS (Ethereum Name Service) is launching a DAO, token will be airdropped to anyone who holds an ENS domain name
- Do we know when will be ETHBarcelona exactly in 2022?
- Crypto cities by Vitalik
- If I buy ETH and the NFT market booms, will I benefit off of that, or will I need to specifically get involved in NFTs?
- Stablecoin Market Trends and Report
- Question on cancelled transaction on metamask for Ethereum
- Do Meme Coins Help or Hurt Cryptocurrency?
- If you were to open a stable crypto-token company (on Ethereum), in which country would you open it and why?
- Why is TPS on Arbitrum and Optimism sinking over the last month?
- MakerDAO successfully integrates Lido's staked ETH (wstETH)
- Atari opens Cryptocurrency coffee house in Dubai- #CryptoBeansCafe using #AtariToken $Atri and other options..
- EIPs Insight (October 2021)
| Frequently Asked Questions + Weekly Discussion Thread Posted: 01 Nov 2021 12:00 AM PDT 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]  | ||
| Gas Fees are killing small investors Posted: 01 Nov 2021 06:09 PM PDT A $40 purchase I wanted to make wants to charge me $200 dollars in Gas Fees. How are people with low income supposed to afford this?!? When are these supposed upgrades coming out? ETH can't handle this much traffic without squeezing every last penny out of your wallet. Until these upgrades come out ETH is a shitcoin to me. [link] [comments]  | ||
| Vitalik also sends a small amount to test before sending the actual amount. Posted: 01 Nov 2021 02:30 AM PDT
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| Ethereum Is Now the Primary Collateral for Decentralized Stablecoin DAI Posted: 01 Nov 2021 11:35 AM PDT
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| New Coinbase Earn - Loopring (LRC) Posted: 01 Nov 2021 01:38 PM PDT | ||
| Andrew Yang, crypto/UBI advocate, raised 6.9 ETH from his first NFT Posted: 01 Nov 2021 06:41 PM PDT
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| Posted: 01 Nov 2021 09:44 AM PDT
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| Posted: 01 Nov 2021 02:26 PM PDT
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| The Houston Rockets' "Rocket Shop" accepts Ether! [Jerseys, clothing, novelties] Posted: 01 Nov 2021 04:19 PM PDT
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| Posted: 01 Nov 2021 07:57 PM PDT
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| Posted: 01 Nov 2021 06:40 PM PDT | ||
| Too expensive to use. (Dont get mad) Posted: 01 Nov 2021 03:04 PM PDT This coin is so frustrating. Why are gas prices so bogus??? I've been using Metamask as a method to burry and pull back out my staked SHIBA, It is so far completely useless, and on top of that my small orders are getting cut in half by fees. I love ETH with all my heart but it really seams unusable right now. WHERE IS THE MERGE? [link] [comments]  | ||
| Posted: 01 Nov 2021 02:43 PM PDT Those who plan to hodl for 10 years, and can't help watching the price movements 100 times per day, try this thought. Go observe an average 8 year old and try to guess what the price will be when s/he gets first job and wants to buy it. [link] [comments]  | ||
| Posted: 01 Nov 2021 03:11 PM PDT
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| Do we know when will be ETHBarcelona exactly in 2022? Posted: 01 Nov 2021 10:50 AM PDT Would love to understand the dates so I can join! This year's ETHLisbon was amazing! [link] [comments]  | ||
| Posted: 01 Nov 2021 04:59 AM PDT
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| Posted: 01 Nov 2021 07:17 PM PDT | ||
| Stablecoin Market Trends and Report Posted: 01 Nov 2021 04:11 PM PDT We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile) TLDR: In terms of overall market capitalisation for stablecoins, we have seen high demand and tremendous growth in the space due to the importance of the role played by stablecoins in DeFi. In Q2 2021, $BUSD experienced the largest growth in its market cap. This is likely due to the influx of users to the Binance Smart Chain due to high gas fees and network congestion on the Ethereum platform in Q1 2021. We take a closer look at the top 5 stablecoins by their market capitalisation. The top 5 stablecoin by market cap are $USDT, $USDC, $BUSD, $DAI and $UST respectively. The first 3 stablecoins are generally similar in that they are a form of fiat-collateralised stablecoin and have a centralised backing. The latter 2 stablecoins are a form of crypto-collateralised pegged stablecoin and are also considered to be decentralised.
Algorithmic stablecoins are starting to develop this year but overall there are not too many outstanding projects. Stablecoins under the Rebase/Seignorage type models has not really performed in terms of maintaining their peg. Most of them have been priced below the peg price for a long time despite measures of price equalisation such as $ESD, $DSD and $BAC. $FRAX, $UST and $sUSD are stablecoins with pretty good performance when it comes to keeping relative stability against the 1 US dollar. However, $AMPL, although dynamic around $1, has a very large fluctuation. Stablecoin Supply RatioCryptoquant recorded an ATL for the Stablecoin Supply Ratio (SSR), which measures $BTC market capitalisation relative to the total stablecoin supply to estimate purchasing power in the stablecoin market. Accordingly, when the price of $BTC falls, the amount of stablecoin purchases will increase to push the price of $BTC up and vice versa. But the growth of stablecoin supply in the spring of 2020 and 2021 has kept SSR near historic lows. This shows that demand for $USDT seems to keep pace with the demand for $BTC [link] [comments]  | ||
| Question on cancelled transaction on metamask for Ethereum Posted: 01 Nov 2021 06:07 PM PDT So this is my first cancellation of an etherum transfer ever on metamaska nd it went wrong… so i hit cancel and it said it was and sent out this 0$ hash to myself 0x08bc079e309c70a09b7156e87e5f0fa4de6e61c2f8ec155e50acfc5674db3c58 Costing me gas. However I never got the funds and mistakenly tried reseting my metamask wallet so I don't have the hash confirming the cancellation was completing. Will I get the ETH back or are the funds gone? Thanks. [link] [comments]  | ||
| Do Meme Coins Help or Hurt Cryptocurrency? Posted: 01 Nov 2021 09:40 AM PDT I am just curious of what the community thinks about Memes... [link] [comments]  | ||
| Posted: 01 Nov 2021 02:03 PM PDT What's the best place to start a company like that? Switzerland (hi Vitalik), Luxembourg, Malta, Singapore.. anywhere else, and why? I was wondering also in regards to taxes as well as bank interest rates. Id really appreciate some help from you guys, I've been trying to research this on my own but it's proven to be overwhelming. (Could be because I go crazy and print out 200pages at least of collected notes on each location just to sift through it.. but also I feel like I'm not knowledgeable enough and perhaps there are places I'm not even thinking of… )anyways I'd be super grateful. Thank you so much [link] [comments]  | ||
| Why is TPS on Arbitrum and Optimism sinking over the last month? Posted: 01 Nov 2021 12:49 PM PDT | ||
| MakerDAO successfully integrates Lido's staked ETH (wstETH) Posted: 01 Nov 2021 08:20 AM PDT
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| Posted: 01 Nov 2021 04:20 PM PDT
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| Posted: 01 Nov 2021 12:28 PM PDT EIPs Insight (October 2021) October turned out to be spooky for EIPs as well. The eip-bot ghosted multiple proposals (moved to "Stagnant"). Follow the latest on the EIPs Insight. Summary - EIP editors list has been updated to EIP-1. - 122 EIPs are moved to "Stagnant". - 5 new proposals were introduced as "Draft". It includes "EIP-4345" for ArrowGlacier - 2 EIPs are moved to Review. - "EIP-3076" is moved to the "Last call", review ending on 2021-11-03. [link] [comments]  |
![The Houston Rockets' "Rocket Shop" accepts Ether! [Jerseys, clothing, novelties]](https://external-preview.redd.it/3_VmF8Ltdvd43ea3k72j9sJymBw0-NUxNOupNdkP6C8.jpg?width=640&crop=smart&auto=webp&s=2ee841e3f972d582322937f1d76e35fed48b0a8d "The Houston Rockets' \"Rocket Shop\" accepts Ether! [Jerseys, clothing, novelties]")
![[link]](https://i.redd.it/kemw5njqdyw71.png){kind=link}
![[link]](https://i.redd.it/hvrwuabk52w71.jpg){kind=link}
![[link]](https://i.redd.it/ezl1wk8rk3x71.jpg){kind=link}
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