Ethereum Should we revive the finney? |
- Should we revive the finney?
- If you had 33 ETH what would you do?
- JP Morgan: ETH is a better BTC
- Gas insanity ?!
- Gas prices are high because you are using the settlement layer as a playground.
- NFT Beauty
- NFT and Metaverse market is expected to reach $300 billion by 2030, according to Morgan Stanley
- Burning Tokens On Ethereum And DEFI Easily Explained
- ASL sign for "Ethereum"
- Is Anyone Else Looking For DAOs To Join?
- I want to buy a specific (and already registered .eth address) - How can I message the current registrant to discuss?
- Eth Wallets vs. Bank Accounts
- Ethereum Has Burned 1 Million ETH Since August Hard Fork
- GUIDE: How to Survive (and Thrive) in Ethereum
- How feasible is it for a large mining operation to artificially keep gas fees high?
- Confused about how Ethereum Layers, Side-Chains, and zK Rollups works? This guide is for you!
- AMA: Hey Crypto Reddit! Savannah Lee and Jaro Å atkevic here from Mysterium ($MYST.) We’re a top 10 Polygon dApp and are building a privacy-centric ecosystem to liberate the web from censorship.
- Boba Network is now the #2 Layer 2! Insane growth for Rollups!
- Discovering a scam on Etherscan
- More than 1 million ETH has been burned following EIP-1559
- iOS widget app for gas ⛽️
- How much the gas fee if ETH price is super expensive?
- Analysis of UST (TerraUSD) | Algo Stablecoin on Terra
- ConstitutionDAO Will Shut Down and Give Back Contributors Their Donated Ethereum
| Posted: 24 Nov 2021 02:37 PM PST As a result of the recent massive rises in the Bitcoin price, the Bitcoin unit (1 BTC ~= 60000 USD) has become too cumbersome for regular daily use. As a result, the Bitcoin has rallied around satoshis as an alternative unit, with 1 sat = 1/100m BTC. 1 sat is currently within a factor of 2 of the Korean won (and 1700 sat ~= 1 USD), so it's actually usable as a currency unit! Ethereum is seeing a similar problem; the ETH price being above $4000 makes ETH not very effective as a currency unit. However, even at the start of Ethereum, this problem was anticipated, and some subunit names were proposed in the whitepaper and elsewhere:
Today, the only one actively used aside from ether is wei (10^9 wei is usually called "gwei" instead of "shannon"). But if we want to, we could bring back the finney (1 finney ~= 4 USD) and make it a more actively displayed unit of ETH. The switch to optimistic rollups could be a great opportunity to do this. [link] [comments] | ||
| If you had 33 ETH what would you do? Posted: 24 Nov 2021 04:04 PM PST What would you do with your 33 ETH? It's enough for a validator and gas fee's haha [link] [comments] | ||
| JP Morgan: ETH is a better BTC Posted: 24 Nov 2021 08:16 AM PST
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| Posted: 24 Nov 2021 11:33 PM PST
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| Gas prices are high because you are using the settlement layer as a playground. Posted: 24 Nov 2021 07:54 AM PST If everyone stopped using L1 and moved over to L2 to do the exact same things they're doing now (users and devs) L1 would only be using much less of its capacity because it would only be receiving the batch txs from L2s, txs fees would be < $0.05 on L1 and < $0.005 on L2. Thats with the exact same amount of txs occurring on L1 right now but on L2 instead. The only reason we have a gas problem right now is because users and devs continue to use the settlement layer as a playground. A huge part of that problem is Lido, Curve, Comp, Tribe, AAVE and others all still running liquidity mining programs on L1... paying millionaires to continue to fill up the network at the expense of everyone else trying to make Ethereum cheap (L1 gas prices effect L2 gas prices). Things are going to get better though, you'd be surprised how easily you can herd whales with yield. Just look at BOBAs TVL at the moment https://l2beat.com/ (BOBA is an Optimistic rollup on Ethereum, same code as Optimism) Most of it's TVL is providing liquidity to a single DEX called oolongswap.com (Currently has 500M TVL in the dex). The reason so much money is being put into oolongswap is because they have a liquidity mining program at the moment for OLO tokens. oolong is just a Uniswap V2 fork. Wouldn't it be cool if Uniswap ran a liquidity mining program on Arbitrum/Optimism!? well... a temperature check for this exact proposal just got a 98% yes vote from the Uniswap community. The above should help speed up the transition by moving some of the Uniswap liquidity to L2 and taking traders and Arbitrage bots with it but you have the option to move there right now and make your Ethereum experience much cheaper. [link] [comments] | ||
| Posted: 24 Nov 2021 09:37 PM PST
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| NFT and Metaverse market is expected to reach $300 billion by 2030, according to Morgan Stanley Posted: 24 Nov 2021 04:05 PM PST
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| Burning Tokens On Ethereum And DEFI Easily Explained Posted: 24 Nov 2021 10:07 AM PST Hey everyone :) I've made a new video guide for the community that explains everything that you need to know about burning tokens in crypto and DEFI in particular: https://www.youtube.com/watch?v=JfLjR6GQ23c In the video, we are going to learn what is the meaning of "Burning Tokens" in Crypto and DEFI. We will understand why projects burn tokens and remove them from the supply, how it benefits the tokenomics and the economy of a project. We will also learn about tokens in circulation and the term "supply". Once tokens are burned they are removed completely from the supply and can't be recovered. We will look at some live examples of burning tokens on the Binance Smart Chain using bscscan blockchain explorer. Everything that you need to know about burning tokens in crypto, blockchain, and DEFI is explained in this tutorial. [link] [comments] | ||
| Posted: 24 Nov 2021 10:57 PM PST
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| Is Anyone Else Looking For DAOs To Join? Posted: 24 Nov 2021 12:56 PM PST Hello 👋! I just joined my first DAO today, the DAO is named Krause House and its goal is to buy an NBA team. It took me forever to find a DAO, that fits my interests. Is anyone else in here looking for DAOs to join? If so, how do you find them? [link] [comments] | ||
| Posted: 24 Nov 2021 09:44 PM PST The address that owns the name has hundreds of domains. The domain I'm looking for expired but was renewed before the grace period for renewal ended. Is there a way I can sign a message and transmit it to them to initiate contact? [link] [comments] | ||
| Posted: 24 Nov 2021 07:12 PM PST Hello. Can anyone please tell what are the advantages, if any, of eth wallets over bank accounts? I'm not talking about the advantages of eth itself vs. dollars or other currency since I am familiar with those. I'm only wondering about the practical advantages/disadvantages of wallets themselves vs. bank accounts. I'm reading a book now "Out of the Ether", which talks about how an employer could have various eth wallets earmarked for different employees instead of having bank accounts for each, but was wondering why this would be beneficial. These days it's so easy to open a bank account online, so it's not immediately apparent why one might be more useful than the other. Thanks [link] [comments] | ||
| Ethereum Has Burned 1 Million ETH Since August Hard Fork Posted: 24 Nov 2021 07:02 AM PST
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| GUIDE: How to Survive (and Thrive) in Ethereum Posted: 24 Nov 2021 02:21 PM PST
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| How feasible is it for a large mining operation to artificially keep gas fees high? Posted: 24 Nov 2021 11:55 PM PST I'm aware that bitcoin miners can prioritize specific txids. If this is possible on ethereum, it occured to me that by prioritizing their own high gas spam transactions to their own wallets, a large mining pool or similar could set an artificially high market rate for gas and use expected block rewards and transaction fees paid by legitimate users to more than make up for anything lost to blocks mined by other pools. How feasible is this scenario? [link] [comments] | ||
| Confused about how Ethereum Layers, Side-Chains, and zK Rollups works? This guide is for you! Posted: 24 Nov 2021 03:24 AM PST
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| Posted: 24 Nov 2021 07:08 AM PST
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| Boba Network is now the #2 Layer 2! Insane growth for Rollups! Posted: 24 Nov 2021 06:25 AM PST
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| Discovering a scam on Etherscan Posted: 24 Nov 2021 12:46 PM PST Hello together! I recently tried to get more familiar with etherscan.io. So I just took a Token that has been shilled on Twitter and tried to do a little research. The token is called Multi-chain Capital and has the following webpage https://mcc.holdings The Token adress is: https://etherscan.io/token/0x1a7981d87e3b6a95c1516eb820e223fe979896b3 I wanted to understand how the tokens have been distributed and who are the top holders. But there are a few things I dont understand. If I take for example the top holder with the following adress: He has a total amount of MCC Token of 93 Billion. But he only bought 50 Billion and from that moment on he omly sold and tramsferred token. How is it possible, that his amount of Token he holds is more than he bought? Do I overlook something? Actually I dont want to buy that Token and think it is a scam. But I thought it is a good example for learning. Maybe you guys know some good resources for learning to identify scams with etherscan? (Besides youtube searching). Thank in advamce for any help [link] [comments] | ||
| More than 1 million ETH has been burned following EIP-1559 Posted: 24 Nov 2021 08:04 AM PST
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| Posted: 24 Nov 2021 10:44 PM PST Hi everybody, can someone suggest iOS widgets in order to track gas? Thank you! [link] [comments] | ||
| How much the gas fee if ETH price is super expensive? Posted: 24 Nov 2021 10:03 PM PST Let say, if the ETH 2.0 is completed successfully and ETH price is super expensive, e.g., $100,000 per 1 ETH How much is the cheapest gas fee to transfer ETH on layer1? Is it the base fee (100 gwei)? [link] [comments] | ||
| Analysis of UST (TerraUSD) | Algo Stablecoin on Terra Posted: 24 Nov 2021 09:43 PM PST We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice. TLDR: It can be said that Terra is making a smart development in the process of building and developing its ecosystem. By offering a stablecoin, which has a very good anchoring mechanism thanks to a reasonable incentive, good stability, and using it directly to the end-users. It can be said that there is no project that can reach end-users as well as Terra, when most of them focus on Crypto humand. Thus, the demand for Terra Stablecoin will increase and positively impact the value of $LUNA. In addition, Terra has added incentives for $LUNA Holders, making it even more valuable in the future. This can be said to be a "late birth" project, but it has outstanding power. Let's follow Terra! $UST VS $LUNA
$LUNA is the native token where users have to stake it to be a validator in the Terra blockchain whereas $UST is a stablecoin. They both exist on the Terra ecosystem but are not the same. Classifying TerraWhen we talk about stablecoins we classify them into four different categories:
$LUNA
$UST CreationWhen $UST is less than a dollar you take your $UST to go to the Terra network and exchange it for $LUNA and that's how you mint $LUNA and destroy $UST. When you destroy $UST the supply goes down and the value of the remaining $UST goes up. When $UST is above one dollar and you have $LUNA then you go to the system exchange it for $UST and then you can go to the open market and sell $UST at maybe a dollar and ten cents instead of a dollar but you get it for a dollar so that's how the internal mechanism works to balance the price of $UST because internally they will always value $UST at one dollar. This is an algorithmic system because the value of $UST and the value of $LUNA is determined by outside markets but internally it will always value $UST at one dollar and $LUNA at whatever the price it is. [link] [comments] | ||
| ConstitutionDAO Will Shut Down and Give Back Contributors Their Donated Ethereum Posted: 24 Nov 2021 06:01 AM PST
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