[ANN] Ethereum: Welcome to the Beginning - page 18.

zasad@

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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

Drawesome

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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!

zasad@

legendary

Activity: 2002

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https://blog.ethereum.org/2022/08/12/finalized-no-36/

"The Merge mainnet sequence is engaged
[2022/08/18] – TTD reassessed and finalized on All Core Devs call
[2022/08/18 to 2022/8/22] – EL and CL teams cut Mainnet software releases
[2022/08/23] – Client resources, EF blog, and other community and infrastructure announcements of final parameters and releases
[2022/09/06 11:34:47am UTC] – Bellatrix Mainnet upgrade
All stakers must upgrade to EL+CL Merge-ready nodes before this time
All infrastructure providers, users, and community members should upgrade PoW nodes to EL+CL Merge-ready nodes before this time
[Estimated: 2022/9/15] – Paris Mainnet Merge transition
All infrastructure providers, users, and community members must upgrade to EL+CL Merge-ready nodes before this time. Plan on configuring systems at least one week in advance and ideally before Bellatrix"

FP91G

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What to Expect on Coinbase and Other Crypto Exchanges During the Ethereum Merge
Coinbase will temporarily pause Ethereum and ERC-20 token deposits and withdrawals during the merge, the exchange announced Tuesday.
The pause is a precautionary measure, Coinbase said in a blog post, with the downtime allowing the exchange to “ensure that the transition has been successfully reflected by our systems.” The “merge” refers to a significant protocol update that will see the Ethereum mainnet combined with the proof-of-stake beacon chain, completing the network’s transition to proof of stake.
https://decrypt.co/107572/coinbase-crypto-exchanges-ethereum-merge-what-to-expect

Piston Honda

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Juicin' crypto

Quote from: JollyGood on August 07, 2022, 01:41:26 PM

Piston !!!

I return to this thread after ages and find you here doing what you do best Grin

Quote from: Piston Honda on July 09, 2022, 11:04:20 AM

ngmi

yeeeeeeeeeeeeeeeeeeeeeeeeeboooyyyyyyyyyyyyyyyyyyyyyyyeeeeeeeeeeeeeeeeeeeeeeeeee ee
eth makes returns but makes losses too lol
what a bit*h.

and LOL if ppl think the merge will happen on time!

r_victory

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

[AMA] We are the Go Ethereum (Geth) Team (18 August 2022)

The first AMA with the Go Ethereum (Geth) team!

Members of the Go Ethereum Team @ Ethereum Foundation are here to answer questions throughout the day. Fire away!

**NOTICE: This AMA begins at 09:00 UTC on 18 August, and will remain active until an end-notice is posted **

https://www.reddit.com/r/ethereum/comments/wpqmo1/ama_we_are_the_go_ethereum_geth_team_18_august/

bitcampaign

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Quote from: r_victory on August 13, 2022, 02:46:06 PM

Created in 2015, the Ethereum network has undergone a major evolution since then. In search of constant improvements in the functioning of the blockchain, developers have created the most varied scalability solutions. Among them are rollups, praised by the network's creator, Vitalik Buterin, who believes that ZK Rollups can outperform their predecessor, Optimistic Rollups.

One of the main goals of a rollup is to reduce network transaction fees. In this sense, Buterin expects that to carry out a transaction on Ethereum, each user will spend between US$0.02 and US$0.05 with ZK Rollups, a value far below what is currently happening.

“So today, rollups like operating fees are usually $0.10 and sometimes $0.10 and in the future with rollups with all communications like the operating costs over the which rollups can drop to $0.05, or maybe even $0.02. Much cheaper, much more affordable, and a complete game-changer,” said the creator of the world’s second-largest blockchain during an event in Seoul, South Korea.

this is what i am waiting for where i have so many tokens in my ETH wallet but can't be transacted because the fee is very expensive if it is transacted at this time, hope ETH can be better with cheaper and faster transaction fees

Drawesome

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Quote from: zasad@ on August 10, 2022, 09:19:45 AM

You will find many answers on this site.
https://ethmerge.com/

See how the merger took place in test networks.
https://blog.ethereum.org/2022/08/03/sepolia-post-merge-upgrade/

Merge Community Call #6 #580
https://github.com/ethereum/pm/issues/580

The Goerli/Prater merger is due by August 12th and after the Merge Community Call there will be more information about the merge in the ETH ecosystem.

Thanks, now I get it. The difficulty bomb is supposed to prevent a fork and the fork would occur precisely because the Ethereum chain will be only PoS after the merge

r_victory

sr. member

Activity: 1960

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

Created in 2015, the Ethereum network has undergone a major evolution since then. In search of constant improvements in the functioning of the blockchain, developers have created the most varied scalability solutions. Among them are rollups, praised by the network's creator, Vitalik Buterin, who believes that ZK Rollups can outperform their predecessor, Optimistic Rollups.

One of the main goals of a rollup is to reduce network transaction fees. In this sense, Buterin expects that to carry out a transaction on Ethereum, each user will spend between US$0.02 and US$0.05 with ZK Rollups, a value far below what is currently happening.

“So today, rollups like operating fees are usually $0.10 and sometimes $0.10 and in the future with rollups with all communications like the operating costs over the which rollups can drop to $0.05, or maybe even $0.02. Much cheaper, much more affordable, and a complete game-changer,” said the creator of the world’s second-largest blockchain during an event in Seoul, South Korea.

estenity

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Quote from: Eridan_world on August 11, 2022, 02:08:54 PM

Quote from: KellyHands on August 11, 2022, 10:20:10 AM

Quote from: FP91G on August 11, 2022, 06:26:30 AM

Ethereum Merge on track as Goerli test merge successfully finalized
With the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merge set for mid-September.
https://cointelegraph.com/news/sept-19-ethereum-merge-date-on-track-as-goerli-test-merge-successfully-finalized

It's nice to see that the process is on full gear and would be finalized soon. Please I'll like to know how the merge will affect an ordinary user like myself. Do I need to move my ethereum out of my wallet to an exchange to get the new version of ethereum. I've been trying to follow the news but don't seem to understand how it relates to individuals holding small quantities ethereum. I'll appreciate more information in this light.

Yes, I would also like to know such details. I came here to ask, but you got ahead of me.

same details asked.

zasad@

legendary

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https://twitter.com/vitalikbuterin/status/1558072902972473344

"The terminal total difficulty has been set to 58750000000000000000000.

This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine.

https://bordel.wtf predicts the merge will happen around Sep 15, though the exact date depends on hashrate."

https://twitter.com/econoar/status/1557753528721948672 Grin

Eridan_world

copper member

Activity: 106

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Quote from: KellyHands on August 11, 2022, 10:20:10 AM

Quote from: FP91G on August 11, 2022, 06:26:30 AM

Ethereum Merge on track as Goerli test merge successfully finalized
With the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merge set for mid-September.
https://cointelegraph.com/news/sept-19-ethereum-merge-date-on-track-as-goerli-test-merge-successfully-finalized

It's nice to see that the process is on full gear and would be finalized soon. Please I'll like to know how the merge will affect an ordinary user like myself. Do I need to move my ethereum out of my wallet to an exchange to get the new version of ethereum. I've been trying to follow the news but don't seem to understand how it relates to individuals holding small quantities ethereum. I'll appreciate more information in this light.

Yes, I would also like to know such details. I came here to ask, but you got ahead of me.

KellyHands

newbie

Activity: 96

Merit: 0

Quote from: FP91G on August 11, 2022, 06:26:30 AM

Ethereum Merge on track as Goerli test merge successfully finalized
With the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merge set for mid-September.
https://cointelegraph.com/news/sept-19-ethereum-merge-date-on-track-as-goerli-test-merge-successfully-finalized

It's nice to see that the process is on full gear and would be finalized soon. Please I'll like to know how the merge will affect an ordinary user like myself. Do I need to move my ethereum out of my wallet to an exchange to get the new version of ethereum. I've been trying to follow the news but don't seem to understand how it relates to individuals holding small quantities ethereum. I'll appreciate more information in this light.

FP91G

legendary

Activity: 1876

Merit: 1138

Ethereum Merge on track as Goerli test merge successfully finalized
With the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merge set for mid-September.
https://cointelegraph.com/news/sept-19-ethereum-merge-date-on-track-as-goerli-test-merge-successfully-finalized

zasad@

legendary

Activity: 2002

Merit: 4743

Quote from: Drawesome on August 07, 2022, 08:40:46 PM

Hi everyone,

There is something I don't understand about the merge. The moment the bacon chain merges with the mainnet, ¿Who is signing the new blocks? ¿Miners, validators, or both?

Thanks

You will find many answers on this site.
https://ethmerge.com/

See how the merger took place in test networks.
https://blog.ethereum.org/2022/08/03/sepolia-post-merge-upgrade/

Merge Community Call #6 #580
https://github.com/ethereum/pm/issues/580

The Goerli/Prater merger is due by August 12th and after the Merge Community Call there will be more information about the merge in the ETH ecosystem.

FP91G

legendary

Activity: 1876

Merit: 1138

F2Pool co-founder responds to allegations it's cheating the Ethereum POW system
The response comes after researchers in Israel alleged the mining pool has been manipulating Ethereum block timestamps to obtain higher mining rewards.
https://cointelegraph.com/news/f2pool-co-founder-responds-to-allegations-it-s-cheating-the-ethereum-pow-system

Researchers say they discovered consensus level attack on Ethereum — miners cheating the system to earn more
https://cryptoslate.com/researchers-say-they-discovered-consensus-level-attack-on-ethereum-miners-cheating-the-system-to-earn-more/

Drawesome

full member

Activity: 249

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Hi everyone,

There is something I don't understand about the merge. The moment the bacon chain merges with the mainnet, ¿Who is signing the new blocks? ¿Miners, validators, or both?

Thanks

JollyGood

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Top Crypto Casino

Piston !!!

I return to this thread after ages and find you here doing what you do best Grin

Quote from: Piston Honda on July 09, 2022, 11:04:20 AM

ngmi

zooboomafoo1234

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Reading the early replies to this from 2014 -- especially the ones with a lot of FUD -- are pretty entertaining in retrospect

sp_

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Team Black developer

Quote from: JayDDee on August 03, 2022, 03:42:38 PM

What about POS could trigger dumping the premined? Most of them are probably held by the principals who govern Eth.

Happy price now. Please stake more. The premined stake holders are leaving and wish you good luck with POS...

Topic: [ANN] Ethereum: Welcome to the Beginning - page 18. (Read 2007061 times)