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    Home Unlabelled Ethereum [Loopring] GameStop partnership and Q4 NFT marketplace release all but confirmed alongside GitHub leaks in Q3 Update

    Ethereum [Loopring] GameStop partnership and Q4 NFT marketplace release all but confirmed alongside GitHub leaks in Q3 Update

    November 03, 2021

    Ethereum [Loopring] GameStop partnership and Q4 NFT marketplace release all but confirmed alongside GitHub leaks in Q3 Update

    [Loopring] GameStop partnership and Q4 NFT marketplace release all but confirmed alongside GitHub leaks in Q3 Update

    Posted: 03 Nov 2021 10:08 AM PDT

    Ethereum Had 995k+ New Addresses Created in the Past Week, the Highest ETH Network Growth Since Mid-May

    Posted: 03 Nov 2021 04:03 PM PDT

    Mining Ethereum like crazy Y'all!

    Posted: 03 Nov 2021 06:01 PM PDT

    My research on future Ethereum energy use

    Posted: 03 Nov 2021 01:38 AM PDT

    Hello r/ethereum community, I am studying Environmental Management and I have recently finished a research project on Ethereum's future energy consumption under Proof-of-Stake. I have originally posted this in r/ethfinance but was asked to share it with those of you interested as well.
    You can find the full report here

    For all others, I'll quickly summarise the results:

    Ethereum (mining) is currently estimated to use around 80 TWh of energy annually.

    I tried to model energy consumption for Proof-of-Stake.
    Currently there are about 250,000 active validators. I split validators into two categories: private stakers and institutional stakers. Private stakers are people running a setup from home (or hosted on a cloud server). Each staker currently runs 5.4 validators on average. Because they probably don't have setups optimized for energy consumption, I estimated every staker to use 100W of energy, so about 18.52W per validator. For institutional stakers, such as exchanges, I used 5 W per validator, as suggested by Carl Beekhuizen from the Ethereum foundation. Currently about half of validators seem to be run by each category. This puts the current estimated energy consumption at 2.94 MW or 25.754 GWh annually.

    For the future I have considered a limit of 524,000 validators as proposed by Vitalik in the past. I made one model assuming the share of private vs institutional stakers remains 50-50 and one that assumes a shift towards circa 25-75, since there will probably be more people using staking services rather than setting up new own validators in the future. The last scenario, which I find to be more likely, puts power consumption at 4.31 MW or 37.756 GWh annually (the 50-50 scenario would mean 6.16MW / 53.98 GWh annually).
    Overall, the transition to Proof-of-Stake represents a decrease in energy consumption by at least 99.93 to 99.95 percent compared to current PoW

    So instead of using as much power as the entire country of Chile, Ethereum will only use the equivalent of between 710 to 1650 average Australians in the future.

    Of course those numbers could change slightly in case the maximum number of validators ends up significantly higher or the stake needed for a validator were to change, but this model at least is able to demonstrate the magnitude in difference for power consumption between PoW and PoS.

    PS: Please don't be too harsh on my report, the main focus was on the environmental impact of Ethereum and the technical details are very simplified. If you want to share my report somewhere, please dm me.

    submitted by /u/dpxlumpi
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    Australia's Largest Bank to Allow Customers Crypto Trading. Mass adaption ����

    Posted: 03 Nov 2021 01:44 PM PDT

    Reminder: The merge will NOT affect gas prices

    Posted: 03 Nov 2021 06:57 PM PDT

    Blockchains have three parts: a consensus layer, an execution layer, and a data availability layer. When you submit a transaction and pay gas you are paying for use of the execution layer.

    The merge is an upgrade to the consensus layer. It swaps proof of work consensus for proof of stake consensus. This will reduces energy use, but because it's not the piece you are paying for when you pay for gas, this change won't affect gas costs.

    Cheaper execution layers already exist though (Arbitrum, Optimism, etc.).

    submitted by /u/TheNFTBillboard
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    This is a noob question but… where can I buy NFTs?

    Posted: 03 Nov 2021 04:16 AM PDT

    Tutorial: Connect Metamask To Ledger To Improve The Security Of Your Funds

    Posted: 03 Nov 2021 04:39 AM PDT

    Hey guys!

    I've made an easy video tutorial of how to connect your metamask wallet to a ledger device (Hardware Wallet):

    https://www.youtube.com/watch?v=LjmzrvADas0

    If you are using MetaMask "hot wallet" while interacting with decentralized apps like UniSwap, PancakeSwap on different blockchains, your crypto tokens are at risk.

    If you have a significant amount of money in crypto, epsecially if it's staked on DEFI apps and you are using Metamask Extension, you HAVE to watch this video in order to learn how to use decentralized apps with a hardware wallet (Ledger device).

    Once the hacker has your private key he can steal all your funds (all the different blockchains). If you use a metamask extension wallet to swap tokens or maybe provide liquidity the hacker can remove the liquidity and steal all the tokens, the same applied to NFTs.

    We will understand how hackers operate and how we can level up our security in order to avoid such incidents.

    The solution is using a hardware wallet (Ledger device for example) when you interact with DEFI apps and smart contracts.

    By using a hardware wallet-like ledger device you are making the hacker's life much harder since the private key doesn't exist in the computer itself but is stored in a secured way in the ledger operating system memory.

    We will learn how to connect your ledger to the Metamask Extension and sign the transaction on the ledger itself.

    The transaction will be signed on the ledger and will be sent to the decentralized apps and smart contracts by the RPC nodes that are configured in the MetaMask Extension.

    The metamask extension is not aware of the private key, and the private key never "touches" the computer memory, but is living in a secured and encrypted way inside the Ledger device.

    Let me know what you think about the tutorial :)

    Johnny.

    submitted by /u/sheetsjohn16
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    Ethereum Layer 2 protocol Optimism set to achieve EVM Equivalence soon - TheDailySats

    Posted: 03 Nov 2021 09:52 AM PDT

    Gas fees are insane , what can I do to avoid or minimize them?

    Posted: 03 Nov 2021 07:11 PM PDT

    I don’t understand what you guys are talking about with gas fees

    Posted: 03 Nov 2021 08:09 PM PDT

    New to all of this and my first purchase was ETH, so I keep seeing posts about gas fees , can someone explain it to me like I'm 5? Sorry if I'm an idiot…

    submitted by /u/againstmywillijoin
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    Ethereum ETF Set For 2022 Plus CME “Micro Futures” Coming In December

    Posted: 03 Nov 2021 04:02 AM PDT

    Ethereum Is Still Popular Among Miners Even Without Mining Fees As ETH Hashrate Reaches New All-Time High

    Posted: 03 Nov 2021 12:13 AM PDT

    I got banned from the bitcoin subreddit.

    Posted: 02 Nov 2021 11:04 PM PDT

    Personally I believe in both bitcoin and ethereum for different reasons. I defended ethereum when someone said everything not named bitcoin was a shit coin. A moderator proceeded to ban me for it 😂

    Thought I'd share the toxicity of the only bitcoin crowd.

    submitted by /u/austinstephens2
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    When can we expect ZK rollups to hit the mainstage?

    Posted: 03 Nov 2021 11:38 AM PDT

    Basically when can we expect a ZK scaling solution for consumes?

    From what I understand optimistic rollups (like Arbitrum) require a 1 week holding period so if there are any errors they can be caught but ZK rollups provide instant verification and therefore instant access to low fees.

    If anyone on the tech side can correct me please do I am trying to learn more, but if you know any daos, protocols, teams or projects in place at have a roadmap to ZK rollups for consumer use please comment them below.

    ​

    Thanks in advance!

    submitted by /u/unstopablex5
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    Gas fees on MetaMask! How do people do it?

    Posted: 03 Nov 2021 08:11 AM PDT

    So I thought I would jump on and look into getting some tokens. Now I moved some Eth to MetaMask all good but cost nearly £40 to do so! Now I'm on there and want to get some different tokens and the gas is just crazy the lowest I have seen it is £60 odd quid! Seriously! Why? How does anyone afford this? Is there not a better way?

    submitted by /u/WeirdConsideration28
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    Crypto101: What Is DeFi 2.0: An Intro

    Posted: 03 Nov 2021 05:19 PM PDT

    We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile)

    TLDR:

    The above article has pointed out the problems that DeFI is facing and new projects are solving them. Effective capital is still the top priority of DeFi 2.0 today, that is, trading volume on TVL (DEX) or Outstanding Loan on Total Lending (Lending/Borrowing) must be higher.

    We also have to redefine what a protocol is and how effective it is, and if it does, it will give DeFi access to more funding in the future.

    General Conclusion

    Recently the keyword "DeFi 2.0" has emerged as a phenomenon along with the rapid growth of several tokens such as Olympus DAO, Klim DAO, Abracadabra, Popsicle Finance, etc. So what is DeFi 2.0? How is it different? Why say DeFi 2.0 has the ability to change the entire DeFi today? And what will we need to prepare for the coming giant wave?

    DeFi 1.0 is the straight-forward simple things like "I give you $150 worth of ETH. You give me $100 worth of crypto USD.

    DeFi 2.0 is more risk understanding. Instead of $150 worth of ETH, maybe just $110 worth of ETH or $150 alt-TOKEN to get the same $100 crypto USD.

    How is it different from "DeFi 1.0"? Well.... it's not so different. Similar mechanisms but with higher risk tolerance.

    DeFi 2.0

    DeFi is a decentralised finance (or open finance), by leveraging the power of blockchain, DeFi has made it possible for anyone to access and use financial applications anywhere, anytime. not subject to the control of individuals or organisations with centralised power.

    However, DeFi currently has many limitations and as the name suggests, DeFi 2.0 is an upgraded version of DeFi, helping to overcome the weaknesses and optimise the advantages of current DeFi. Thereby opening up great potential opportunities for the parties involved.

    Current DeFi Limitation

    To understand the problems that DeFi 2.0 solves, we must first know what the problems of DeFi are, the prominent limitations of DeFi include:

    • Scalability: Expensive gas fees, long waiting times greatly affect the user experience.
    • Liquidity: Liquidity is considered the blood of any trading market, and with DeFi, liquidity is generally low.
    • Centralisation: DeFi will not make sense without the word "De", although DeFi aims at decentralisation, but with many projects at the present time, the power still belongs to a small part (still remains).
    • Security: DeFi is a market with a lot of risks, security in DeFi has not really received much attention compared to their importance.
    • Oracle Attack: DeFi depends a lot on Oracle, but many projects still do not understand and underestimate the choice of Oracle to integrate. As a result, the project suffered a lot from related attacks.
    • Capital Efficiency: DeFi with many breakthroughs from technology has helped users use capital more effectively, but at the moment, there is a large amount of assets that are still underutilised. opens up many new development potentials for DeFi.
    submitted by /u/economicsdesign
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    ELI5: PoW vs PoS

    Posted: 03 Nov 2021 02:18 PM PDT

    I am still struggling to figure out what exact work a validator is doing? In the PoW context, a miner tries to solve a mathematical puzzle asap and broadcasts the solution to the network. In ETH's context, what does a PoS validator (and its attesters) exactly do or work on to create the next block?

    Thanks!

    submitted by /u/Jason_0134
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    Poly to ETH Bridge

    Posted: 03 Nov 2021 01:19 PM PDT

    I tried to bridge about 3K worth of Matic to ETH. It's been stuck on "initializing" for 6 days now. When I click to view the transaction on Polygon Explorer it just says "sorry, unable to locate that transaction hash".

    Has anyone else had a similar issue?

    submitted by /u/Dash1992
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    From Rinkeby to Ethereum

    Posted: 03 Nov 2021 03:41 PM PDT

    Hey guys,

    I wanted to ask if anyone knows if I can send ETH from test net Rinkeby to my Binance ETH wallet.

    submitted by /u/AdS_CFT_
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    What to do?

    Posted: 03 Nov 2021 12:44 PM PDT

    I hate to be the guy to buy at peaks. It's silly to me and I've been burned every time. Ethereum is obviously a leader in crypto and hindsight has seriously been bad lately. When all crypto dipped big time, I had my finger on the buy button for one Eth coin….I didn't believe in crypto fully and still don't because I don't understand it. Being nervous lost me thousand's.

    I bought a ton of doge before it's rally and made a killing.

    I have $500 bucks to just play with and am wondering if it's silly to put it in now at the peak? Or should I just keep taking profits from other stocks until I have enough to buy one Eth during a dip?

    submitted by /u/Fowlken88
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    I have $70 worth of a weird token in a old paper wallet that has no ETH. How can I take it out of the wallet and sell it without spending too much in fees?

    Posted: 03 Nov 2021 03:22 PM PDT

    I'm a newbie in Ethereum transactions and currently don't have any ETH. I reckon I just need the ETH amount to send these tokens to an exchange and sell them, but Binance - the only one I have an account on currently - charges $20 to withdraw any ETH. Do any of you have any suggestions? Maybe an exchange that doesn't ask for confirmation of identity and accepts small purchages in international credit cards...

    Edit: I'm not answering any DMs. I know the basics of how ethereum works. No scams please.

    submitted by /u/kakazao3
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    Thoughts on Staking ETH 2?

    Posted: 03 Nov 2021 02:51 PM PDT

    Rollup or Die - The Daily Gwei #370

    Posted: 03 Nov 2021 07:11 AM PDT

    Daymak to Launch CryptoSolarTree, World’s First Emission-Free Crypto Mining Solution and Most Versatile Green-Energy System

    Posted: 03 Nov 2021 08:11 PM PDT
    Read more
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