[ANN] Ethereum: Welcome to the Beginning

energy_xxx

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Quote from: energy_xxx on November 22, 2024, 08:59:01 PM

107,818,999 pow old

120,429,750 pos

12.610.751 difference after merge

average

12.610.751 * 3000 = 37.832.253 dolar

This is the problem with ETH

as of today 120,430,906 ETH source coinmarketcap

12.611.907 difference after merge

Sorry ETH investors but that's the way it is

If we put the amount corresponding to the excess supply I wrote to today's ETh value and divide it by the amount in the old POW network, it would be ETH over $ 4,100

You can follow the supply amount daily from the network or from Coingecko or Coinmarketcap.

energy_xxx

jr. member

Activity: 166

Merit: 1

107,818,999 pow old

120,429,750 pos

12.610.751 difference after merge

average

12.610.751 * 3000 = 37.832.253 dolar

This is the problem with ETH

JollyGood

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Quote from: passwordnow on November 10, 2024, 06:57:45 PM

Ethereum is back @ $3k, it's now $3,191.

While Bitcoin is reaching phenomenal levels, Ethereum has added another couple of hundred USD$ to the price and is still trading under $3500. As far as use cases are concerned, Ethereum spawned many coins that did similar things but without doubt Ethereum is the most popular facilitating contracts however it is not currently being reflected in the price.

Quote from: Lind on November 22, 2024, 05:14:59 PM

in my opinion POS was a mistake and its centralized, contrary to his statement
It is above 3000 dollars now but compared to others its in stasis still and underperforming
SOL 1 years frame +340% vs ETH +58% + more tokens and activity tho on SOL chain which is meme-d3g3n haven now

In terms of longevity, there is a long way to go before understanding whether it was a mistake or not. I think making comparisons with other coins is normal to gauge the market but in order to make a real comparison more time is needed to pass.

Lind

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Quote from: zasad@ on November 13, 2024, 07:37:02 AM

https://cryptonews.com/news/vitalik-buterin-devcon-2024-keynote-ethereum-is-the-world-computer/
Vitalik Buterin’s Devcon 2024 Keynote: ‘Ethereum Is the World Computer’

"At the Devcon 2024 event in Bangkok, Vitalik Buterin, Ethereum’s co-founder, spoke about his vision for the platform’s future, reinforcing its commitment to decentralization, scalability, and inclusivity.

In front of a packed room, Buterin discussed Ethereum’s journey from its inception to its current position as a leading decentralized network and pointed to achievements in transitioning to the proof-of-stake (PoS) model and developing scalable, sustainable solutions.

He noted that this evolution is central to Ethereum’s role as a “world computer,” an ecosystem fostering a diverse on-chain economy and a global community. One of the key elements of Ethereum’s evolution was the shift from proof of work (PoW) to proof of stake, an upgrade that marked a new era in blockchain technology.

Ethereum is often called the world computer because it allows a decentralized network of computers (or nodes) to collectively run applications and execute complex computations without relying on a central authority."

in my opinion POS was a mistake and its centralized, contrary to his statement
It is above 3000 dollars now but compared to others its in stasis still and underperforming
SOL 1 years frame +340% vs ETH +58% + more tokens and activity tho on SOL chain which is meme-d3g3n haven now

zasad@

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Activity: 1932

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https://cryptonews.com/news/vitalik-buterin-devcon-2024-keynote-ethereum-is-the-world-computer/
Vitalik Buterin’s Devcon 2024 Keynote: ‘Ethereum Is the World Computer’

"At the Devcon 2024 event in Bangkok, Vitalik Buterin, Ethereum’s co-founder, spoke about his vision for the platform’s future, reinforcing its commitment to decentralization, scalability, and inclusivity.

In front of a packed room, Buterin discussed Ethereum’s journey from its inception to its current position as a leading decentralized network and pointed to achievements in transitioning to the proof-of-stake (PoS) model and developing scalable, sustainable solutions.

He noted that this evolution is central to Ethereum’s role as a “world computer,” an ecosystem fostering a diverse on-chain economy and a global community. One of the key elements of Ethereum’s evolution was the shift from proof of work (PoW) to proof of stake, an upgrade that marked a new era in blockchain technology.

Ethereum is often called the world computer because it allows a decentralized network of computers (or nodes) to collectively run applications and execute complex computations without relying on a central authority."

zasad@

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https://www.coindesk.com/tech/2024/11/11/ethereums-ens-identity-system-set-to-launch-own-layer-2-blockchain/
Ethereum's ENS Identity System Set to Launch Own https://www.coindesk.com/tech/2024/11/11/ethereums-ens-identity-system-set-to-launch-own-layer-2-blockchain/ Blockchain
"Namechain" will use a zero-knowledge rollup for scaling and is likely to go live around the end of 2025.
The company behind the ENS blockchain domain service has cinched a plan to build its own layer-2 blockchain, dubbed “Namechain.”
Namechain will be a zero-knowledge rollup, and will likely go live around the end of 2025.

___
There are more than a hundred of these layer-2s, and this is the reason why the developers decided to abandon the idea of sharding, and develop L2 and L3 solutions that will scale the ecosystem.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

Ethereum is back @ $3k, it's now $3,191.

And Vitalik has mentioned something about more about Ethereum, dig more about the news through the article;

Quote from: https://cointelegraph.com/news/vitalik-explores-info-finance-eth-tops-3k

[...]Ethereum’s Vitalik Buterin proposes “info finance” as a pioneering framework to harness blockchain and AI for factual insights.[...]

.....According to Buterin, “Info finance is a discipline where you (i) start from a fact that you want to know, and then (ii) deliberately design a market to optimally elicit that information from market participants.”....

zasad@

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https://fortune.com/crypto/2024/10/29/consensys-layoffs-ethereum-lubin/

Ethereum giant Consensys slashes workforce by 20% as CEO blames ‘abuse of power’ by SEC
"Consensys, the maker of the popular MetaMask crypto wallet, is cutting over 160 employees across all divisions of the company. Founder and CEO Joe Lubin announced the news in a blog post that attributed the layoffs to headwinds from the macroeconomy as well as legal expenditures from the company’s protracted battles with regulators.

“Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” wrote Lubin. “Such attacks from the U.S. government will end up costing many companies…many millions of dollars.”

Lubin’s comments echo a widely held sentiment in the crypto industry that the Securities and Exchange Commission has operated in bad faith when it comes to setting out a clear regulatory pathway for digital asset companies. The agency’s head, Gary Gensler, says the SEC’s existing laws are clear and has filed lawsuits alleging securities laws violations against the crypto industry’s leading companies—including Consensys."

hypebrother

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bros, i need help with a node i made back in the beginning

JollyGood

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I was reading up on The Surge a couple of days ago, it is making quite a lot of news. The article states: "One of the upgrade’s primary goals is to enable Ethereum to process over 100,000 transactions per second (TPS) across both Layer 1 (L1) and Layer 2 (L2) solutions"

It will be interesting to see how the market reacts to the comments by Vitalik Buterin about Ethereum being one ecosystem and not 34 different blockchains.

zasad@

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https://cointelegraph.com/news/ethereum-over-100k-tps-the-surge-vitalik-buterin
"Ethereum, L2s to reach over 100K TPS with the 'Surge’ — Vitalik Buterin
Some of the “key goals” of the Surge are to achieve over 100,000 TPS across Ethereum and its layer 2s and to increase interoperability, Buterin said.

Ethereum co-founder Vitalik Buterin has outlined his goals for the Ethereum blockchain in the next phase of its roadmap, dubbed “The Surge.”

In an Oct. 17 technical blog post, Buterin shared his “key goals” for The Surge, which include achieving more than 100,000 transactions per second (TPS) across Ethereum’s mainnet and layer-2 blockchains and increasing interoperability between layer 2s.

“Ethereum should feel like one ecosystem, not 34 different blockchains,” Buterin wrote. "

zasad@

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https://cointelegraph.com/news/new-eip-speed-up-ethereum-block-creation-times

New Ethereum proposal aims to increase throughput by 50%
"If approved, EIP-7781 may reduce block times to 8 seconds from 12 seconds, increase blob capacity and make decentralized exchanges more efficient.
A new Ethereum Improvement Proposal (EIP) would slash block times on Ethereum by 33% and increase data capacity — increasing overall throughput by 50%, developers claim.

Introduced on Oct. 5 by Illyriad Games co-founder Ben Adams, EIP-7781 aims to slash block times on the Ethereum network to eight seconds from 12 seconds, increase the latency of based rollups and boost the capacity of blobs — a temporary data structure to reduce layer-2 network fees.

In an Oct. 6 post to X, Pseudonymous developer Cygaar said EIP-7781 would be the “first huge” step toward improving the base layer of the Ethereum network, as the bulk of developer focus is being herded toward Ethereum layer-2 networks as scaling solutions. "

FP91G

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Wall Street Titan Guggenheim Tokenizes $20M of Commercial Paper on Ethereum
Blockchain platform Zeconomy assisted the $300B asset manager with the transaction and reports "massive demand" for digital assets.

Guggenheim Treasury Services and blockchain platform Zeconomy issued $20 million of tokenized commercial paper on the Ethereum blockchain.
Zeconomy CEO Giacinto Cosenza said he sees "massive demand" for digital assets, as demonstrated by the success of crypto ETFs.
https://www.coindesk.com/business/2024/09/26/wall-street-titan-guggenheim-tokenizes-20m-of-commercial-paper-on-ethereum/

zasad@

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https://x.com/santimentfeed/status/1836082112019206288

Here are the top 15 cryptocurrency blockchain ecosystems by their level of github events, along with their growth in the category over the past year. This list is based on each ecosystem's amount of 'pure' development activity events, rather than just 'commits':

📈 1) Ethereum Ecosystem: +0.8% Year-Over Year 🥇
📈2) BNB Chain Ecosystem: +3.0% 🥈
📉3) Polygon Ecosystem: -1.6% 🥉
📈4) Cosmos Ecosystem: +7.9%
📈5) Arbitrum Ecosystem: +11.6%
📈6) Optimism Ecosystem: +39.3%
📈7) Avalanche Ecosystem: +16.6%
📈 Cool

Harmony Ecosystem: +5.9%
📈9) Polkadot Ecosystem: +1.8%
📈10) Solana Ecosystem: +12.1%
📈11) Osmosis Ecosystem: +10.7%
📈12) Cardano Ecosystem: +16.3%
📈13) Gnosis Ecosystem: +2.4%
📈14) Fantom Ecosystem: +31.7%
📈15) Near Ecosystem: +2.6%

https://medium.com/santiment/a-different-look-into-blockchain-ecosystem-development-activity-f34f32180482

___
I always look at these metrics when investing.

zasad@

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https://x.com/VitalikButerin/status/1831796490223907327

"BTW the above also applies to L2 tokens or other project tokens I hold (incl not-yet-liquid): all proceeds will be donated, again either to support public goods within the ethereum ecosystem or broader charity (eg. biomedical R&D).

I also do not intend to invest into L2s or other token projects in the foreseeable future. My goal with giving projects money is to support things that I think are valuable, especially in cases where other parts of the ecosystem might undervalue them. Going forward, I plan to just do this with donations."

zasad@

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Vitalik Buterin's salary =182,000 SGD per year ($138,000)
https://x.com/vitalikbuterin/status/1828418559875101058

SGD - Singapore Dollar

zasad@

legendary

Activity: 1932

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https://x.com/VitalikButerin/status/1826506920393355347

"Ethereum has gotten stronger:

* Under $0.01 txfees on L2
* Two EVM L2s (
@Optimism

@arbitrum
) now at stage 1
* Cross-L2 wallet UX has improved a lot (eg. no more manually switching networks), though still a long way to go
* Much more powerful and mature ZK tooling making life easier for app builders
* Starting to see second-generation privacy tools (eg.
@0xbowio
)
* Identity/reputation/credentials ecosystem much more powerful, and starting to actually be used more and more
* Progress on STARKs leads to much clearer long-term security and decentralization story
* Much more clarity on account abstraction roadmap
* Much more clarity on block construction endgame (it seems to be down to FOCIL + APS vs multi-proposer)
* Staking decentralization stable (see comparison charts below, the "PoS is more centralized than PoW" line has proven completely false)

The fundamentals for Ethereum are actually crazy strong right now."

zasad@

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https://nftplazas.com/knownorigin-ceases-operations/
KnownOrigin Ceases Operations Two Years After eBay Acquisition

"KnownOrigin, an NFT marketplace acquired by eBay in June 2022, announced it will be shutting down its on-chain marketplaces and minter.

During the acquisition, KnownOrigin’s team and IP were integrated into eBay’s web3 division, expanding on eBay’s previous partnership with OneOf. Two months later, eBay furthered its digital collectibles business by purchasing the trading card marketplace TCGplayer.

In February, eBay laid off 30% of KnownOrigin’s staff, raising concerns about the platform’s future. The recent announcement confirmed these concerns, with the company citing changes in the NFT market as the reason for winding down operations."

__
NFT is crap!

zasad@

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https://www.coindesk.com/tech/2024/07/10/vitalik-buterin-reflects-on-strengths-weaknesses-of-ethereum-hardening-the-blockchain/
Vitalik Buterin Reflects On Strengths, Weaknesses of Ethereum, 'Hardening' the Blockchain
"The co-founder and intellectual leader of the largest smart-contracts blockchain ecosystem addressed a packed room at the EthCC conference in Brussels."

zasad@

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https://paragraph.xyz/@ethereumfilm/not-just-a-film
Not Just A Film
"The launch of the feature documentary "Vitalik: An Ethereum Story" and the "Ethereum Stories" short film series
It was a sunny day in Marin County in 2021 when Morgan Beller first introduced us to Vitalik Buterin. Living out of a 40L backpack, and cracking dad jokes while typing up his latest blog post on verkle trees, we were struck by Vitalik’s down-to-earth demeanor given the outsized role he’s played in the crypto revolution. He defied the “cryptobro” and “egomaniac founder” stereotypes we were used to seeing in mainstream media."

Topic: [ANN] Ethereum: Welcome to the Beginning (Read 2006122 times)