Topic: [ANN] Ethereum: Welcome to the Beginning - page 15. (Read 2007067 times)

Don't forget to sell the news!

The blockchain of Ethereum coins is preparing for an upgrade. Since the beginning of the year, "Saturn Dasha" has been going on in the crypto currency sector. Bitcoin and Ether, the two biggest currencies in the crypto market, found the bottom of the decline going into mid-June. The price of Bitcoin, which touched the market value of 60 thousand dollars last year, fell to 17 thousand 601 dollars in the middle of June; And the price of Ether came down to 880 dollars.

But within this 'hard day', the creators and regulators of the Ethereum blockchain announced a major change in the data storage process, known in the market as a 'merge'. A month after hitting the bottom of the decline, the price of Ether has increased by 100%. The Bitcoin market is volatile again in the third week of August, despite a 31 percent increase in the price of Bitcoin during the same period.

The much awaited 'merge' is playing the biggest role behind the increase in the price of Ether in the crypto market. This is considered to be the biggest change to date for the Ethereum blockchain. In a 'merge', the entire blockchain will move from a so-called 'proof-of-work' system to a 'proof-of-stake' system. The alleged 'merger' is scheduled to take effect on September 15. Those concerned say that this will not only reduce the electricity consumption of the Ethereum network, but also increase the speed of the network.

Source: https://blog.ethereum.org/2022/08/24/mainnet-merge-announcement

https://blog.chainalysis.com/reports/ethereum-merge/
How The Ethereum Merge May Impact the Crypto Ecosystem: On-chain Indicators to Watch
"We’ve written before about how the prices of cryptoassets like Bitcoin have become more correlated with those of tech stocks and other high-risk, high-upside assets. However, Ether’s price could decouple from other cryptocurrencies following The Merge, as its staking rewards will make it similar to an instrument like a bond or commodity with a carry premium.."

at least lowering the cost of gas which is much better when people can make transactions on the Ethereum network, usually anything that smells of POW there is always a game of naughty miners playing the network as if making gas costs high so that it can make additional profits for miners besides get a block reward they also get a reward fee, that sucks in my opinion

https://twitter.com/abcoathup/status/1565205804487102464
"mainnet-shadow-fork-12 merged successfully using Merge ready client releases 🐼
Second last shadow fork before Mainnet merge!"

https://twitter.com/abcoathup/status/1565663270173696000

"mainnet-shadow-fork-13 config:https://github.com/eth-clients/merge-testnets/tree/main/mainnet-shadow-fork-13

TTD expected Friday September 9
The last shadow fork before the Merge 🐼"

https://blog.ethereum.org/2022/09/07/esp-q1-q2-allocation-update
Allocation Update: Q1 and Q2 2022

Ethereum The Merge Countdown
https://explorer.btc.com/activity/eth/merge

I'm a miner since 2016, but it's time to let POW go away. It was golden times, but POS is better in any way.

How the Merge will Change Ether’s Supply-Demand Dynamics as Miners Get Phased Out
The cryptocurrency community has continued to root for a successful Merge, with exchanges already opting for the PoS network post-merge. OpenSea, Coinbase, Binance, Circle, and Tether have all announced they plan to support ETH 2.0. Consequently, the support for the PoS ETH has raised concerns that the ETH PoW may not be successful in the long run.
https://tokenist.com/how-the-merge-will-change-ethers-supply-demand-dynamics-as-miners-get-phased-out/

Looks like Bellatrix went off without a hitch. If anything, a lot of ETH buying pre-fork trading at around 0.084 per BTC which is extremely high.

So the merge is ~100% to happen next week now. And I guess the crypto world will just have to wait and see how that experiment works in the medium term.

I'm not sure if it is technically feasible or not but it would be interesting if there was a protocol level feature where any major staking pool was given less rewards and smaller staking pools / individuals were given artificially more rewards to incentivize distributed behavior.

That said, I'm guessing the major problem is that this is simply too easy to fake and therefore perhaps technically infeasible.

MintDice.com for instance has been doing it's part to help service the network in a distributed fashion but it's nothing compared to Binance or LIDO. And yet smaller stakers like this are critical to the network. So it would be cool if there were a mechanism to help force market forces in that direction.

Welcome to the new beginning... Why do you let alphazero and stockfish challance the "Magnus carlsen Bot" when you can challenge your creator of the planet..

It is not a problem as lot of individual users has their funds on those platform.

https://decrypt.co/108791/ethereum-merge-almost-here-what-could-go-wrong
The Ethereum Merge Is Almost Here. What Could Go Wrong?

https://twitter.com/DU09BTC/status/1559962260340195330?
"#Ethereum is officially transitioning to a centralized blockchain on 15 September (the merge). 👇

I got proof. Four entities hold 60% of the network:

🔹 Lido - 31%
🔹 Coinbase - 14.7%
🔹 Kraken - 8.4%
🔹 Binance - 6.7%

✅ TOTAL: 60.8%

Does anyone think this is NOT an issue?"



https://decrypt.co/108787/ens-touts-third-highest-month-of-revenue-as-ethereum-merge-approaches
Ethereum Name Service Touts Third-Highest Monthly Revenue as Merge Approaches
Crypto domains are seeing a continued lift as the ETH universe prepares for its next major milestone.

We are proud to announce Ethermine Staking! 🎉

Ethermine Staking is an investment based on ETH_STORE, an objective and transparent reference rate based on Ethereum Proof-of-Stake.

Invest as little as 0.1 ETH
https://twitter.com/ethermine_org/status/1564563654699372545


Ethermine Staking - Ethereum 2.0 Staking Pool. We offer a custodial solution for users who wish to stake on ethereum without having to run their own hardware.
https://staking.ethermine.org/
https://staking.ethermine.org/statistics

I don't think it's actually illegal. For it to actually be illegal and hold up in court, they'd have to argue that open source code is not free speech. I think it's all a facade to stir up some drama at tax payer expense before they ultimately lose in court years down the road.

If you buy a Kebab Shop in New york City for 32 ETH ($50 000) and use it to launder money, the FBI will shut it down and take your investment. Tornado cash is an illegal Coin that is running on the Ethereum Smart contract network, a stake validator is indirectly supporting this illegal activity by validating and profiting on these transactions.

https://coingape.com/future-of-privacy-coins-uncertain-after-tornado-cash-ban/

Merge countdown
https://coinmarketcap.com/events/eth-merge/

Vitalik Buterin Announces "Proof of Stake" Book
https://twitter.com/VitalikButerin/status/1564804705997361153?

""Proof of Stake", the (physical and digital) book compiling various writings I've made over the last ~10 years, will be out in a month!

You can get a signed digital copy and NFT here: https://proofofstake.gitcoin.co

My share of the proceeds all goes to
@gitcoin grants public goods!"

I don't think that so much matters because 7 companies independently developed their version of ETH2.0 and the way the protocol is set up, all 7 have to fail simultaneously for the merge to fail. It doesn't really matter if an original dev is involved or not, the same way it doesn't matter all too much if Satoshi is developing Bitcoin or not.

this is the news everyone in this thread has been waiting for including me cant wait for the results of the merge hope it will work and boost the price of ETH , i invested in ETH since last month so lets wait for good results to come from this thread