[ANN] Ethereum: Welcome to the Beginning - page 350.

Japinat

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Quote from: drwoo on July 02, 2018, 02:47:48 PM

Quote from: freelotus on July 02, 2018, 08:29:23 AM

Quote from: ibuddy122505 on July 02, 2018, 08:22:20 AM

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.

There are congestion sometimes and today it happened.
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.

wangmidi

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Ethereum needs to use some technologies such as fragmentation to improve performance. Recently, the transfer is blocked again.

SixFigures

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Quote from: drwoo on June 18, 2018, 10:24:45 PM

Quote from: SixFigures on June 18, 2018, 10:07:52 PM

Quote from: IncludeBeer on June 14, 2018, 01:48:34 PM

Quote from: mandibleclaw on June 14, 2018, 11:56:07 AM

Quote from: revilo on June 14, 2018, 09:11:58 AM

Quote from: mehar_gee on June 14, 2018, 08:22:35 AM

Quote from: Deeemoney on June 14, 2018, 02:36:48 AM

pls what is the total supply of ethereum?

ethereum total supply is increasing because mining reward
miner get reward with each block they mined and confirm the transactions
now the circualtion supply is more then 100 milllion for now and its total supply is unlimited but only miners can get few in a year

Interestingly though Vitalik brought up the discussion about implementing a cap to the total supply of ETH.

If I remember correctly it was on april 1st? By the way, if he want to implement a cap (but this question is for all PoS coins) how it will work with PoS ? It's the same thing as PoW where miners get only transaction fees after all coins are mined?

Yes, exactly.

Whereas it totally remains to be seen how something like that would actually play out. Everyone has an opinion on how it will work within Bitcoin, but I think skeptics also have a valid point that once there are only transaction fees the incentive might be too low for a lot of miners to secure the network.

Right but it should be possible to apply some maths upfront and see how it may play out. To anticipate how the market will eventually behave is hard to do as well know.

That is why I am shocked how many people have an opinion. They all had an opinion when Bitcoin was small, now they have an opinion when Bitcoin is big. And every time it is wrong.

drwoo

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Quote from: freelotus on July 02, 2018, 08:29:23 AM

Quote from: ibuddy122505 on July 02, 2018, 08:22:20 AM

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.

mandibleclaw

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Activity: 532

Merit: 50

ONe Social Network.

Ok but what really caused this surge in gas price? Right now is 51 gwei which is pure madness https://ethgasstation.info/. First gas burner is telegram ico apparently? (GRAM token) https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44 . Second is Hash Power Token https://etherscan.io/address/0x1a0c31837edb132a9312841b9527e6307db13509. Third one is another ICO ? 3D blockchain token? https://etherscan.io/address/0x11016adcb85b65a0da8d8ddc3ade69dbad6bbca4 . Never heard of this two lol

freelotus

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Quote from: ibuddy122505 on July 02, 2018, 08:22:20 AM

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.

ibuddy122505

sr. member

Activity: 1066

Merit: 261

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.

raske

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what do You think, is Vitalik still holding his ETC from the fork after the DAO hack?

yurimir

legendary

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Super optimistic vision of the future of the crypto industry

The mainstream financial media will tell you that the blockchain and cryptocurrency boom is over, you missed it. But as you can see, nothing could be further from the truth.

Investments in quality blockchain projects will appreciate 100X over the next few years. But to see those types of gains, you’ll have to invest now, before the rest of the world catches on.

What a Nasdaq VP told me about the future of cryptocurrencies

https://bonnerandpartners.com/what-a-nasdaq-vp-told-me-about-the-future-of-cryptocurrencies/

wenwen

sr. member

Activity: 728

Merit: 251

Good afternoon. You need to invest now, the coin at any time will rise in price, do not think for a long time. I wish everyone good luck.

Quote from: kodikz on June 30, 2018, 10:23:16 AM

im interested in this project. i will invest very soon.

yurimir

legendary

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Merit: 1044

Quote from: cleverhope on July 01, 2018, 02:26:10 PM

I think Ethereum have good perspective. First of all - ICOs crash will come soo. A lot of ICO are scam. And after ICOs crashing, Ethereum platform will grow much faster. The second one - bull market will come back soon. This two factors will bring ETH to the moon Grin

ICOs to be gaining traction again!

A collaborative report by US firm PwC and the Swiss Crypto Valley Association has concluded that over $13.7 billion has been spent on ICOs within the first 5 months of 2018 alone.

The report followed 537 different ICOs, and within the first 5 months of 2018 those projects had raised more money than funds raised by all ICOs in the past combined.

https://chainstate.org/2018/06/28/13-7-billion-has-been-transacted-in-2018-icos-so-far-finds-pwc-report/

cleverhope

sr. member

Activity: 616

Merit: 252

I think Ethereum have good perspective. First of all - ICOs crash will come soo. A lot of ICO are scam. And after ICOs crashing, Ethereum platform will grow much faster. The second one - bull market will come back soon. This two factors will bring ETH to the moon Grin

IncludeBeer

legendary

Activity: 1164

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Quote from: Samthehero on July 01, 2018, 03:50:39 AM

Quote from: chemal on June 30, 2018, 10:05:51 AM

How would you explain the concept of a smart contract to someone who doesn't know a lot about Blockchain / Ethereum?

You can issue tokens that are bound to ethereum that become worthless after a few weeks or months. Thats "smart contracts" in a nutshell for you.

Oh yeah, and you need to spend eth to be able to transfer the tokens.

lol you should work on your vocab. That's "ICO" in a nutshell, not smart contracts. Roll Eyes

pumz

sr. member

Activity: 826

Merit: 250

This smart contract industry is something extra which changed the whole way these cryptocoins were created at start. At start main focus was only on cheaper,faster and secure transactions for funds transfers and that still is on the table as main target for every project to tackle the issues to facilitate remittance industry. Smart contract is like escrow or guarantor which holds deal until certain period of time for involved parties satisfaction and safety just like third parties we use in real life. This is independent version this way can be explained to anyone.

Alibatant

newbie

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Quote from: lysr on July 01, 2018, 02:12:09 AM

Companies are using smart contracts of ethereum nowdays how will it enhace the value of ETH in coming days?

I think so. The more usage, the higher price.

Samthehero

full member

Activity: 393

Merit: 100

Quote from: chemal on June 30, 2018, 10:05:51 AM

How would you explain the concept of a smart contract to someone who doesn't know a lot about Blockchain / Ethereum?

You can issue tokens that are bound to ethereum that become worthless after a few weeks or months. Thats "smart contracts" in a nutshell for you.

Oh yeah, and you need to spend eth to be able to transfer the tokens.

gribble

hero member

Activity: 966

Merit: 552

Quote from: strtype on June 30, 2018, 10:43:11 AM

Can anybody please tell me where do I go to read and understand the "smart contracts". I mean the technicality of it. I am tech savvy and understand how bitcoin, litecoin etc works but I have hard time understanding the fundamentals of ETH. And I am skeptical of it.

Do you mean want to learn about smart contract on ethereum's blockchain? Or maybe you want make decentralize application dapps on ethereum's blockchain? I suggest to take course to ivan on tech can see on here http://coding.ivanontech.com/sales-page-1926945721164848 i think it will be better source of information for you about smart contract programming on ethereum's blockchain and you can build career with them.

lysr

member

Activity: 161

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Companies are using smart contracts of ethereum nowdays how will it enhace the value of ETH in coming days?

maximumcoin

full member

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Merit: 100

Quote from: JeffBrad12 on June 30, 2018, 10:49:04 AM

I hope this will help you https://github.com/ethereum/wiki/wiki
There is a lot of ethereum whitepaper and future roadmap has been published through github. Ethereum wiki looks become a very good source for you to know more about ethereum and smartcontract.
I have been reading it.

You made a good initiative, JeffBrad12.
There are abundant sources of information which crypto enthusiasts can find using Google search.
The problem is it's hard to find the official, correct one amongs loads of in-correct ones.
Consequently, it's always better to get them from official sources like website, github, blogsite of each project.

drwoo

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Quote from: IncludeBeer on June 26, 2018, 02:37:45 PM

Quote from: drwoo on June 26, 2018, 12:28:34 PM

Quote from: gribble on June 24, 2018, 08:17:23 PM

Quote from: drwoo on June 24, 2018, 04:55:27 PM

Quote from: yeyicheng888 on June 23, 2018, 04:47:12 AM

ETH is now in a state of impasse. ETH is now in the process of linking bitcoin, without its own independent market. ETH should still have room for a fall. It is possible to bottom out the low price in March.

Yo I agree. Anything is possible and I also fear we might see the $300 range again. Time for some significant updates.

Yes i hope we can see ethereum's price in the range $300 again due to it is cheap price to us for buy it and we know ethereum's price will be rising again, even it won't be many projects on ethereum's platform, it can be used for payment options in ICOs. Ethereum has many benefits of usage except just for to be traded on the exchangers.

Don't underestimate powerful downtrends. If we break 400 and then 300 a lot of people might start panicking and push the sell off even further. Don't wanna see that.

I really hope we do see that. I've been waiting for a really nice buy-in price Cheesy

That is the case if you have cash waiting to be put to work, but for those who have all their eggs in the crypto basket, erm, that could hurt Tongue

Topic: [ANN] Ethereum: Welcome to the Beginning - page 350. (Read 2006413 times)