Topic: [ANN] Ethereum: Welcome to the Beginning - page 345. (Read 2006413 times)
Vitalik hypothesis of banks running their offchain scaling solutions is slightly controversial.
Ethereum blockchain moving into "phase two", says co-founder Joe Lubin
Joe Lubin
During a panel discussion with Village Global’s Erik Torenberg and Arbor Ventures’ Melissa Guzy, Lubin said the company is moving "into a space where Ethereum can serve as the layer one trust system, and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that ramified this year."
Lubin gave the example of Plasma, which is an on-chain scaling solution for Ethereum. This was introduced back in August 2017 by Vitalik Buterin and Joseph Poon, creator of Bitcoin’s own Lightning Network, which could also be thought of as a "layer two" solution.
Torenberg agreed that this year would be a transitional one: "if 2017 was the year of the [initial coin offering] ICO, then 2018 is for the building and delivery of products."
Erik Torenberg
https://www.chepicap.com/en/news/2029/ethereum-blockchain-moving-into-phase-two-says-co-founder-joe-lubin.html
that's great news about eth developmentsJoe Lubin
During a panel discussion with Village Global’s Erik Torenberg and Arbor Ventures’ Melissa Guzy, Lubin said the company is moving "into a space where Ethereum can serve as the layer one trust system, and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that ramified this year."
Lubin gave the example of Plasma, which is an on-chain scaling solution for Ethereum. This was introduced back in August 2017 by Vitalik Buterin and Joseph Poon, creator of Bitcoin’s own Lightning Network, which could also be thought of as a "layer two" solution.
Torenberg agreed that this year would be a transitional one: "if 2017 was the year of the [initial coin offering] ICO, then 2018 is for the building and delivery of products."
Erik Torenberg
https://www.chepicap.com/en/news/2029/ethereum-blockchain-moving-into-phase-two-says-co-founder-joe-lubin.html
moving into phase two means more speed of transaction and the congestion problem will be solved
i am waiting for the the layer two development so all other projects same like eth but with more transaction speed will be meaning less
and the project using Dapps on eth network will run easy
Ethereum price is being going down like other altcoins. I already started to increase my Ethereum stocks easy by easy. I think overall Ethereum is a better chance of increasing dramatically than other currencies.
It seems it is a good opportunity to accumulate more coins at present.
If there is one thing which can cause real trouble to the whole Blockchain sphere it certainly is Quantum Computing. The new technology gives access to a lot more computing power than we have ever had before which could also be used for cracking the security systems of Ethereum network
Ethereum blockchain moving into "phase two", says co-founder Joe Lubin
Joe Lubin
During a panel discussion with Village Global’s Erik Torenberg and Arbor Ventures’ Melissa Guzy, Lubin said the company is moving "into a space where Ethereum can serve as the layer one trust system, and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that ramified this year."
Lubin gave the example of Plasma, which is an on-chain scaling solution for Ethereum. This was introduced back in August 2017 by Vitalik Buterin and Joseph Poon, creator of Bitcoin’s own Lightning Network, which could also be thought of as a "layer two" solution.
Torenberg agreed that this year would be a transitional one: "if 2017 was the year of the [initial coin offering] ICO, then 2018 is for the building and delivery of products."
Erik Torenberg
https://www.chepicap.com/en/news/2029/ethereum-blockchain-moving-into-phase-two-says-co-founder-joe-lubin.html
Joe Lubin
During a panel discussion with Village Global’s Erik Torenberg and Arbor Ventures’ Melissa Guzy, Lubin said the company is moving "into a space where Ethereum can serve as the layer one trust system, and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that ramified this year."
Lubin gave the example of Plasma, which is an on-chain scaling solution for Ethereum. This was introduced back in August 2017 by Vitalik Buterin and Joseph Poon, creator of Bitcoin’s own Lightning Network, which could also be thought of as a "layer two" solution.
Torenberg agreed that this year would be a transitional one: "if 2017 was the year of the [initial coin offering] ICO, then 2018 is for the building and delivery of products."
Erik Torenberg
https://www.chepicap.com/en/news/2029/ethereum-blockchain-moving-into-phase-two-says-co-founder-joe-lubin.html
Blockchain implementation across diverse sectors can be a solution to the most foundational problems of mankind. It has the potential to create new foundations for our economic and social systems. This project is a great example.
Ethereum price is being going down like other altcoins. I already started to increase my Ethereum stocks easy by easy. I think overall Ethereum is a better chance of increasing dramatically than other currencies.
It seems it is a good opportunity to accumulate more coins at present.
Ethereum price is being going down like other altcoins. I already started to increase my Ethereum stocks easy by easy. I think overall Ethereum is a better chance of increasing dramatically than other currencies.
Now even casper has been delayed to 2020, and vitalik seems to ignore new independent offchain scaling solutions like striim.
Not looking good for ETH - especially after failing this latest fcoin airdrop stress test.
Highly likely the ETC flippening is coming. To be safe, in a situation like this anyone holding ETH should hold the same amount of ETC
Not looking good for ETH - especially after failing this latest fcoin airdrop stress test.
Highly likely the ETC flippening is coming. To be safe, in a situation like this anyone holding ETH should hold the same amount of ETC
ETC has no chance to overtake ETH in near future the real support is still with this project. Even ETH network is becoming problematic due to high traffic than high transaction fee is looking terrible but I don't think ETC could take advantage of these issues. There are so many other projects who will become more stronger in future.
ETC just another crap that you don't need to take it seriously. When ethereum goes pos and ETC gets a very big inflation lol
but the latest news about eth is that price is down and i think the main reason of price down is the hack of bancor exchange
more then 12 million worth eth coins are moved from bancor to a suspecious wallet
bancoe declare that its a hack. other tokens also gone
check it out here ! https://www.ccn.com/decentralized-crypto-exchange-bancor-hacked-12m-in-ether-stolen/
now the stolen funds are the main reason for downtrend on eth
That has nothing to do with ethereum. If they (bancor) are so stupid and/or unethical to give an address the privileges to literally steal funds from their smart contract but call themselves "decentralized", either they are in bad faith or they don't really get what that word really means. They are not a DEX at all and anyone who had their funds in their smart contract should have learnt a lesson.
There's many other reasons why the price of ETH is dropping, in particular the moot point it seems to have reached with a 1TB+ ledger and transactions which are slow and expensive as much as bitcoin, on top of which no viable scalability solution will be ready until several months ahead, which made me state holding ETH without having the same amount of ETC might not be safe anymore.
Now even casper has been delayed to 2020, and vitalik seems to ignore new independent offchain scaling solutions like striim.
Not looking good for ETH - especially after failing this latest fcoin airdrop stress test.
Highly likely the ETC flippening is coming. To be safe, in a situation like this anyone holding ETH should hold the same amount of ETC
Not looking good for ETH - especially after failing this latest fcoin airdrop stress test.
Highly likely the ETC flippening is coming. To be safe, in a situation like this anyone holding ETH should hold the same amount of ETC
ETC has no chance to overtake ETH in near future the real support is still with this project. Even ETH network is becoming problematic due to high traffic than high transaction fee is looking terrible but I don't think ETC could take advantage of these issues. There are so many other projects who will become more stronger in future.
ETC just another crap that you don't need to take it seriously. When ethereum goes pos and ETC gets a very big inflation lol
Calling the original ethereum "another crap" is kind of funny...
I would not call ETC poop. It actually runs more efficient and cheaper at this very moment than your precious ETH.
Recently, ETH rebounded by 20%, and has now risen to the pressure level of the downward trend line. Temporarily selling part of the position is a good risk control strategy.
Feels like ETH will do what BTC did year 2013 after all time, hopefully ETH gets cheap again so most of us can rebuy. Maybe above $100 each?
Not sure that 100$ will be seen again, especially when you look at mining difficulty, but who knows, everything is possible.
just relax and hold, ETH is a great project and it will be big in the future.
Ethereum is still the king when it comes to dApps, but there are others also trying to catch up.
Who can tell me what is the cost of mining 1Eth? Vitalik in his own words undermines the trust of investors, I want to know where we can go.
it depends from hardware to hardware are you using to mine it
Who can tell me what is the cost of mining 1Eth? Vitalik in his own words undermines the trust of investors, I want to know where we can go.
You can calculate the reward here: https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=100&p=405.0&fee=0.0&cost=0.1&hcost=0.0&commit=Calculate. If you are getting hash rate 100Mh/s, you will get 1ETH in like 10months. If you can get the hash rate 1000Mh/s, you will get 1ETH in 3 weeks. It basically depends on how good is you mining tools.
Are you guys experienced that Ethereum gas prices has increased on withdrawals? Right now to be pretty expensive, over 200 Gwei for faster transactions which usually standard gas prices are 5 to 10 gwei. There's experiencing heavy congestion in the Ethereum blockchain again.
I watch it regularly. It all depends on users who foolishly increase the gas price in the pursuit of the speed of the transaction. In the end, everyone suffers.
It's a long term game. In the end there should be an equilibrium that reflects the true transaction price for the network.
Too bad we need to pay for the higher fees in order to transact but that is alright with me, I know this problem will be solve very soon.
Some years ago we were all hoping that congestion could be a problem one day because it means that so many people try to use the blockchain for transactions.
Who can tell me what is the cost of mining 1Eth? Vitalik in his own words undermines the trust of investors, I want to know where we can go.
it depends from hardware to hardware are you using to mine it
I love some of the comments made in here. Rationalizing the move of the markets as if they have a clue. Predicting prosperity in the future. LOL...If it smells like poop, its most likely poop...So better not step in it to much you may end up eating some...Or a lot....
Actually its really true that lots of infrastructures are being layed by the ethereum project. On my country specially, ethereum now can be converted to our fiat(local) money directly. No need to convert to BTC. Directly from ethereum. Which is really great. No more hassle. I am sure, lots of corporation are using ethereum for transferring payment transactions. Soon, ethereum price will soar like btc.
It's really great that you can change your country at once. You really are lucky, we still do not and probably will soon be all change via btc. 
Recently, ETH rebounded by 20%, and has now risen to the pressure level of the downward trend line. Temporarily selling part of the position is a good risk control strategy.
Feels like ETH will do what BTC did year 2013 after all time, hopefully ETH gets cheap again so most of us can rebuy. Maybe above $100 each?
Not sure that 100$ will be seen again, especially when you look at mining difficulty, but who knows, everything is possible.
just relax and hold, ETH is a great project and it will be big in the future.
People should keep huge expectation in future because ethereum has great potential and the value is completely decreasing. Today cryptocurrency very big volatile dropped from 6700$ to 6100$ and this makes people to panic about the market.
Lisk might be a healthy competition for Ethereum when its finally ready, assuming they didn't open the barn door after the horse bolted. v1.0 is finally in testing.
that could be when ready but the latest news about eth is that price is down and i think the main reason of price down is the hack of bancor exchange
more then 12 million worth eth coins are moved from bancor to a suspecious wallet
bancoe declare that its a hack. other tokens also gone
check it out here ! https://www.ccn.com/decentralized-crypto-exchange-bancor-hacked-12m-in-ether-stolen/
now the stolen funds are the main reason for downtrend on eth
Now even casper has been delayed to 2020, and vitalik seems to ignore new independent offchain scaling solutions like striim.
Not looking good for ETH - especially after failing this latest fcoin airdrop stress test.
Highly likely the ETC flippening is coming. To be safe, in a situation like this anyone holding ETH should hold the same amount of ETC
Not looking good for ETH - especially after failing this latest fcoin airdrop stress test.
Highly likely the ETC flippening is coming. To be safe, in a situation like this anyone holding ETH should hold the same amount of ETC
ETC has no chance to overtake ETH in near future the real support is still with this project. Even ETH network is becoming problematic due to high traffic than high transaction fee is looking terrible but I don't think ETC could take advantage of these issues. There are so many other projects who will become more stronger in future.
ETC just another crap that you don't need to take it seriously. When ethereum goes pos and ETC gets a very big inflation lol
but the latest news about eth is that price is down and i think the main reason of price down is the hack of bancor exchange
more then 12 million worth eth coins are moved from bancor to a suspecious wallet
bancoe declare that its a hack. other tokens also gone
check it out here ! https://www.ccn.com/decentralized-crypto-exchange-bancor-hacked-12m-in-ether-stolen/
now the stolen funds are the main reason for downtrend on eth
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