[ANN] Ethereum: Welcome to the Beginning - page 17.

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

Quote from: haleema on August 25, 2022, 08:01:10 AM

What I am understand about ethereum merge,
POW (Ethereum coin generate to use of mining hardware)
After Merge
POS (ethereum coin generate to use of transections )
is i am right or wrong.

This is correct.

haleema

jr. member

Activity: 560

Merit: 4

What I am understand about ethereum merge,
POW (Ethereum coin generate to use of mining hardware)
After Merge
POS (ethereum coin generate to use of transections )
is i am right or wrong.

sp_

legendary

Activity: 2954

Merit: 1087

Team Black developer

Bitfinex has added support for Ethereum POW

https://www.rateweb.co.za/breaking-news/bitfinex-to-back-ethereum-pow-fork/
https://trading.bitfinex.com/t/ETHW:USD

If the price holds, ETHW looks to be the largest gpu minable coin in the world after the fork.
ETC $36.82 ( 43.94 TH/s)
ETHW $50 ( 52.44 TH/s estimate)

Most miners will move to the new Ethereum POW. This coin has support from old Ethereum and Bitcoin devs. You will receive ethereum for every ethereum POS you own on the time of the fork (if you didn't lock them for staking)
If you sell 1 Ethereum POS you can buy 34 Ethereum.

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

Really excited for the merge. The drama surrounding it has been more intense than I expected. But ETHPOW or anything else is ultimately a joke.

The biggest drama for sure would be censored transactions on the protocol layer. But I think that seems mostly impossible for now. Under the situation where there was a minority censorship proof fork, that would be real wild to live under, and hopefully that doesn't happen.

That aside, anyone want to hazard a wild guess as to the release of the sharding upgrade?

FP91G

legendary

Activity: 1876

Merit: 1138

The Ethereum Foundation has announced it will be increasing the network’s bug bounty payouts fourfold ahead of the blockchain’s transition to proof-of-stake.

In a Wednesday blog post, the Ethereum Foundation said between Aug. 24 and Sept. 8, all “Merge-related bounties for vulnerabilities” will be quadrupled for white hats testing the network. According to the foundation, identifying “critical bugs” — those that have a high impact or likelihood of a high impact on the blockchain — will be worth up to $1 million. The bounty program also allows submissions for low, medium and high-risk bugs.
https://cointelegraph.com/news/bug-bounty-quadruples-for-ethereum-network-up-to-1m-payouts-ahead-of-merge/

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

If anyone's interested, I created a mirror for this:

Quote from: LoyceV on August 25, 2022, 03:15:23 AM

Ethereum data

I've added ethereumdata.loyce.club:
ethereumdata.loyce.club/calls/ (329 GB)
ethereumdata.loyce.club/erc-20_transactions/ (363 GB)
ethereumdata.loyce.club/transactions/ (69 GB)

I needed this data from gz.blockchair.com/ethereum/ for a project

bitcampaign

sr. member

Activity: 2016

Merit: 268

Quote from: sp_ on August 23, 2022, 12:33:55 PM

Quote from: bitcampaign on August 23, 2022, 09:54:03 AM

Quote from: sp_ on August 23, 2022, 01:49:07 AM

US citizens with 32 ETH or more staked will risk their funds and might go to prison if they run the official Ethereum staking software. This is because it will validate Tornado Cash transactions. (Money laundering)

sorry I'm not a US person but I will be happy if you provide a news link link that maybe I can read it here too or it's just fake news, maybe it's a good idea to provide a news link source link so that the news you convey is true

Tornado cash is a parasite coin that uses the Public Ethereum blockchain to encrypt proof of value messages into the Blockchain. The tech is called zk-SNARKs and are a novel form of zero-knowledge cryptography which allow for private transactions.

8th august:
U.S. Treasury Sanctions Notorious Virtual Currency Mixer Tornado Cash
https://www.reuters.com/technology/us-imposes-sanctions-virtual-currency-mixer-tornado-cash-2022-08-08/

22 august:
Largest Ether mining pool Ethermine stops processing Tornado Cash transactions
https://forkast.news/headlines/ethermine-stops-tornado-cash-transactions/

So in order to Stake "legally" you need to use 3rd party staking software that filter out Tornado transactions.

I will read the link you provided, I've also read about the tornado cash project, thanks for responding and replying to my message in this thread, so I know a little about the latest latest information about ETH progress as well

zasad@

legendary

Activity: 2002

Merit: 4743

https://blog.ethereum.org/2022/08/24/mainnet-merge-announcement/
Ethereum is moving to proof-of-stake! The transition, known as The Merge, must first be activated on the Beacon Chain with the Bellatrix upgrade. After this, the proof-of-work chain will migrate to proof-of-stake upon hitting a specific Total Difficulty value.
The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain – 11:34:47am UTC on Sept 6, 2022.
The Terminal Total Difficulty value triggering The Merge is 58750000000000000000000, expected between Sept 10-20, 2022.
Note: as announced earlier, the Kiln testnet is being sunset. Operators will shut down on September 6, 2022.

FP91G

legendary

Activity: 1876

Merit: 1138

Ethereum advances with standards for smart contract security audits
The Enterprise Ethereum Alliance has published a smart contract security audit specification to ensure consistency when it comes to smart contract security.
https://cointelegraph.com/news/ethereum-advances-with-standards-for-smart-contract-security-audits

miyamotomusasi

newbie

Activity: 4

Merit: 0

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r_victory

sr. member

Activity: 1960

Merit: 393

English<->Pt-BR - Professional Translations(90+)

Ethereum Merge Drama Continues as Traders Pile Out, Then Back In.

For the past month, crypto markets have been buffeted by speculation over the potential impact of Ethereum's coming Merge – a major milestone for the second-largest blockchain. A key question is how the shift to a proof-of-stake system, which is supposed to be faster and more energy-efficient than the current proof-of-work protocol, will affect prices for ether (ETH) and related digital assets.

https://www.coindesk.com/markets/2022/08/22/ethereum-merge-drama-continues-as-traders-pile-out-then-back-in/

sp_

legendary

Activity: 2954

Merit: 1087

Team Black developer

Quote from: bitcampaign on August 23, 2022, 09:54:03 AM

Quote from: sp_ on August 23, 2022, 01:49:07 AM

US citizens with 32 ETH or more staked will risk their funds and might go to prison if they run the official Ethereum staking software. This is because it will validate Tornado Cash transactions. (Money laundering)

sorry I'm not a US person but I will be happy if you provide a news link link that maybe I can read it here too or it's just fake news, maybe it's a good idea to provide a news link source link so that the news you convey is true

Tornado cash is a parasite coin that uses the Public Ethereum blockchain to encrypt proof of value messages into the Blockchain. The tech is called zk-SNARKs and are a novel form of zero-knowledge cryptography which allow for private transactions.

8th august:
U.S. Treasury Sanctions Notorious Virtual Currency Mixer Tornado Cash
https://www.reuters.com/technology/us-imposes-sanctions-virtual-currency-mixer-tornado-cash-2022-08-08/

22 august:
Largest Ether mining pool Ethermine stops processing Tornado Cash transactions
https://forkast.news/headlines/ethermine-stops-tornado-cash-transactions/

So in order to Stake "legally" you need to use 3rd party staking software that filter out Tornado transactions.

bitcampaign

sr. member

Activity: 2016

Merit: 268

Quote from: sp_ on August 23, 2022, 01:49:07 AM

US citizens with 32 ETH or more staked will risk their funds and might go to prison if they run the official Ethereum staking software. This is because it will validate Tornado Cash transactions. (Money laundering)

sorry I'm not a US person but I will be happy if you provide a news link link that maybe I can read it here too or it's just fake news, maybe it's a good idea to provide a news link source link so that the news you convey is true

sp_

legendary

Activity: 2954

Merit: 1087

Team Black developer

US citizens with 32 ETH or more staked will risk their funds and might go to prison if they run the official Ethereum staking software. This is because it will validate Tornado Cash transactions. (Money laundering)

sp_

legendary

Activity: 2954

Merit: 1087

Team Black developer

Coinbase will Exit Staking If Forced To Censor Transactions.

Largest US Exchange Accounts For 14% Of All Staked ETH will stop staking if the US keep banning The Ethereum Blockchain based Tornado cash.

https://thedefiant.io/coinbase-staking-censorship

...

https://forkast.news/headlines/ethermine-stops-tornado-cash-transactions/

Drawesome

full member

Activity: 249

Merit: 147

Quote from: ?? on ??

Academic Grants Round Grantee Announcement

This grants round invited researchers, think tanks, Ph.D. students, and all those interested in advancing knowledge around the Ethereum ecosystem to submit academic proposals.

Thank you to all those who submitted proposals, and congratulations to all the grantees. We are pleased with the number of quality applications we received, surpassing our initial expectations. Given the extraordinary potential of many project proposals, we have more than doubled the initial budget from $750,000 to $2 million.

Read more...

It looks great, but It would look much greater if the academic institutions weren't so fiat driven and centrilized

bitcampaign

sr. member

Activity: 2016

Merit: 268

I see gas costs are really cheap at the moment and haven't seen them touch gas costs for a long time, it's really close to 5 gwei even now it's only under 10 gwei, maybe people don't do a lot of transactions on the ETH network now so gas costs are very cheap, today it's very cheap happy to move lots of ETH tokens from old wallet to my new wallet

zasad@

legendary

Activity: 2002

Merit: 4743

Quote from: Drawesome on August 19, 2022, 10:11:27 AM

Quote from: zasad@ on August 18, 2022, 07:40:26 AM

Quote from: Drawesome on August 17, 2022, 04:24:09 PM

There's something I don't get about the difficulty bomb. does it start increasing difficulty for a period of time until that impossible point, or it's just a moment where it goes up? I think it must be increasing for a period depending on the mining rate, but I haven't found info. I mean, if the merge is going to be at x time, what stops miners to switch off at x-1 and say: ¡Hasta la vista baby!

https://etherscan.io/chart/blocktime
How the difficulty bomb works. The block time increases gradually and grows at each stage. You can see the time of each stage on the graph.
But after the merge, the difficulty bomb will no longer be used, so it's time to forget about it.

____
https://decrypt.co/107689/ethereum-name-creation-double-in-four-months-to-2-million
Ethereum Name Creation Doubles In Four Months to 2 Million

Thanks so much, I just wanted to understand the parameters and the process. What if HR decreases too much? May that event trigger the merge sooner? It's just I don't see what happens if miners turn off before the merge.

The block time is regulated by the algorithm. With a large arrival of miners or vice versa, their departure, the block time will change, but then it will stabilize.
miners won't leave before the merge starts because it's a loss of profit.
https://ethermine.org/announcement

Drawesome

full member

Activity: 249

Merit: 147

Quote from: zasad@ on August 18, 2022, 07:40:26 AM

Quote from: Drawesome on August 17, 2022, 04:24:09 PM

There's something I don't get about the difficulty bomb. does it start increasing difficulty for a period of time until that impossible point, or it's just a moment where it goes up? I think it must be increasing for a period depending on the mining rate, but I haven't found info. I mean, if the merge is going to be at x time, what stops miners to switch off at x-1 and say: ¡Hasta la vista baby!

https://etherscan.io/chart/blocktime
How the difficulty bomb works. The block time increases gradually and grows at each stage. You can see the time of each stage on the graph.
But after the merge, the difficulty bomb will no longer be used, so it's time to forget about it.

____
https://decrypt.co/107689/ethereum-name-creation-double-in-four-months-to-2-million
Ethereum Name Creation Doubles In Four Months to 2 Million

Thanks so much, I just wanted to understand the parameters and the process. What if HR decreases too much? May that event trigger the merge sooner? It's just I don't see what happens if miners turn off before the merge.

r_victory

sr. member

Activity: 1960

Merit: 393

English<->Pt-BR - Professional Translations(90+)

BLS signatures let you aggregate many signatures into one, so less data is stored on chain. BLS Wallet is a tool for builders to bring the magic of BLS to their wallet or Dapp for lower L2 gas fees.

Read more and try it out.

Topic: [ANN] Ethereum: Welcome to the Beginning - page 17. (Read 2007061 times)