Topic: [ANN] Ethereum: Welcome to the Beginning - page 4. (Read 2006755 times)

Today is not the first of April and this is a bad joke.
This may be a rhetorical question, but if anyone wants to understand the problem in more detail, then look at the statistics and information in more detail:
https://beaconcha.in/relays
https://censorship.pics/

So far censorship is losing, and there are many addresses on the list.
https://github.com/ultrasoundmoney/ofac-ethereum-addresses
But politics can always change.

Are you kidding?

https://twitter.com/bloXrouteLabs/status/1736819783520092357?s=20

bloXroute MEV Relays to reject blocks w/ OFAC tx

"effective immediately, all bloXroute relays will reject  block bids if they contain OFAC transactions (Tx which interact with addresses appearing on the OFAC SDN list)

We remain committed to supporting ETH decentralized and permissionless nature, while maintaining compliance with our legal jurisdiction

Ethereum is unstoppable, permissionless, and anti-fragile because it's decentralized and globally distributed, and not easily affected by any single entity, even if it has the best networking tech.

We look forward to seeing this having no effect except reducing our own win-rate"

https://www.theblock.co/post/267539/jpmorgan-ether-outperform-bitcoin-2024

"JPMorgan expects ether to outperform bitcoin and other cryptocurrencies in 2024, although the bank remains generally "cautious" about crypto markets in the coming year.

"We believe that next year Ethereum will re-assert itself and recapture market share within the crypto ecosystem," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a note on Wednesday. "The main catalyst is the EIP-4844 upgrade or Protodanksharding, which is expected to take place during the first half of 2024. We believe that this upgrade will likely prove a bigger step towards improving Ethereum network activity, thus helping Ethereum to outperform."

Protodanksharding is an initial step toward the full implementation of Danksharding, a more efficient form of sharding for Ethereum. Unlike the originally planned sharding technique, Danksharding avoids the complex process of splitting Ethereum into multiple shard chains. Instead, it introduces data blobs, temporary data packets attached to blocks, capable of holding more data than blocks but not permanently stored or accessed by the Ethereum virtual machine.

The upgrade is particularly beneficial for Layer 2 networks like Arbitrum and Optimism, JPMorgan analysts reiterated, as it provides an additional temporary data space to increase network throughput and reduce transaction fees for Layer 2 networks on Ethereum. In essence, data blobs enhance the efficiency of Layer 2 networks without altering the Ethereum block size."

https://eng.ambcrypto.com/the-state-of-l2-networks-as-curtains-draw-on-2023/
"The overall L2 sector reached an ATH in terms of daily active users.
Arbitrum outperformed other networks, but its token failed to see similar growth.
As optimism surged in the crypto sector, the Layer 2 [L2] space showed the most growth during this period. Notably, the daily active users on Ethereum’s [ETH] L2 surged to an unprecedented level, surpassing 800,000 at press time.

This remarkable growth signaled a rising interest and adoption of Layer 2 solutions, indicating a positive trend in the platform’s scalability and user engagement.

As more users turn to Layer 2 for enhanced transaction speed and reduced fees, the sector is poised for substantial expansion. This could result in a robust ecosystem in the coming years."

Ethereum has drastically reduced its energy consumption by 99% following a major software upgrade in 2022, significantly lowering its environmental impact to the level of just a few round-trip flights from London to New York annually.
This reduction sets a new sustainability standard in the cryptocurrency world, contrasting sharply with Bitcoin’s much higher emissions, and challenges the traditional view of blockchain technology as inherently energy-intensive.
https://www.cryptopolitan.com/ethereums-reduce-energy-crypto-sustaine/

Rethereum 1.13 Gaspar has been released (Rethereum restart project)

Apparently some of the old canadian open source Ethereum Team members are not happy with the transition to POS, but want the keep the new stuff in the new fork...

Welcome to the new Beginning

My opinion on Ethereum is that this coin will be the first because its ecosystem is used by large global financial companies. I don’t see any problems for Ethereum in the near future, but Bitcoin has a high energy consumption and its ecosystem is not developing as actively as the Ethereum ecosystem.

I am not a fan of Ethereum,  I don't even have the wallet in my device though I installed it in my device before but I uninstalled it back. And in the cryptocurrency ecosystem every active member will know that Ethereum is the second to bitcoin presently but we don't know if there will be a coin that will come and pass it from behind. Because cryptocurrency ecosystem is now a business platform where coins are competing seriously. All are always behind bitcoin. Bitcoin price presently is $37k and is still moving upward.

But the happiest part of it is that non can come close to the king of crypto bitcoin. For Ethereum to hit $1900, that shows it is doing well in the ecosystem. And this is the best time to invest. Why bitcoin is ahead of all the coins is because it creates avenue for people to have bitcoin without stress.

https://cointelegraph.com/news/ethereum-rollups-gold-standard-revisit-plasma-buterin
"Ethereum’s rollups are ‘gold standard’ but Plasma needs a revisit — Buterin
Vitalik Buterin called the early Ethereum scaling solution Plasma “underrated” and a “significant security upgrade” for chains that would otherwise be validiums.
Plasma, a once-prominent Ethereum layer-2 scaling solution, should be revisited by teams currently working on zero-knowledge (ZK) Ethereum Virtual Machines (EVMs), said Ethereum co-founder Vitalik Buterin.
Invented in 2017, Plasma diverts data and computation — except deposits, withdrawals and Merkle roots — to an off-chain environment."

Let's make this thread alive again, as Bitcoin has pumped to $36,000 once again and getting closer to the 3/4 of the ATH on 2021. ETH is also doing well.
As of typing this, $1900 is its current price and just a few more steps to get back to $2k and I think from there then it's going to be easy to reach the next price points of thousands like $3k on wards as we're about to enter into the bull run.

Different types of layer 2s
The Ethereum layer 2 ecosystem has been expanding rapidly over the last year. The EVM rollup ecosystem, traditionally featuring Arbitrum, Optimism and Scroll, and more recently Kakarot and Taiko, has been progressing quickly, making great strides on improving their security; the L2beat page does a good job of summarizing the state of each project. Additionally, we have seen teams building sidechains also starting to build rollups (Polygon), layer 1 projects seeking to move toward being validiums (Celo), and totally new efforts (Linea, Zeth...). Finally, there is the not-just-EVM ecosystem: "almost-EVMs" like Zksync, extensions like Arbitrum Stylus, and broader efforts like the Starknet ecosystem, Fuel and others.
https://vitalik.eth.limo/general/2023/10/31/l2types.html

https://www.tradingview.com/news/coinedition:5841bc553094b:0-vitalik-buterin-ponders-on-centralized-staking-at-eth-hk-hackathon/
"Vitalik Buterin discusses centralized staking and scaling challenges in Ethereum.
He highlighted four key scaling challenges in layer-two solutions, including zk proofs and data availability.
Buterin stressed maintaining a robust base layer while expanding capabilities for Ethereum scalability."

Millions of dollars worth of various tokens tied to the crypto wallets of bankrupt firms FTX and Alameda Research were moved to wallets of crypto exchange Binance. The funds include $2.2 million worth of Chainlink's LINK, $1 million worth of Aave protocol's AAVE, $2 million in Maker's MKR, and $3.4 million in ether (ETH). It is presumed that these funds were sent to Binance to be sold. FTX and Alameda collapsed last year and are currently undergoing bankruptcy proceedings
https://www.coindesk.com/markets/2023/10/25/millions-in-ether-chainlink-linked-to-ftx-and-alameda-moved/

You should not invest based on Vitalik Buterin's transactions, because no one except him knows about all his wallets. Transactions on his famous wallets are usually discussed in the news:
https://bitcointalksearch.org/topic/m.54968512
Investments require more knowledge and analytics.

Well even with rumors going round about Ethereum founder Vitalik Buterin, he still says he hasnt sold any of this ETH since 2018. I believe him but do wonder why he did not sell when price was $5,000.

https://www.binance.com/en/feed/post/1384343?ref=531758263

ethereum need limited supply

https://coinmarketcap.com/community/articles/652566ea1a5dca241625c404/
Layer-2 transactions accounted for over 60% of all Ethereum activity in Q3

https://twitter.com/MessariCrypto/status/1711380660269830321
Activity across layer-2 networks is booming as transactions on these products accounted for more than 60% of all Ethereum activity in Q3, 2023. According to data from Messari, Coinbase’s Base network in a moment was doing “more transactions than Ethereum Mainnet.

Nonetheless, Arbitrum is still on top among other layer-2 networks with 600,000 average daily transactions, compared to 400,000 for Optimism and Base, the firm pointed out.”

Wow a SIM swap! Tel Companies are a danger outsourcing cheap delicate services with no guarantee of good data control.

About the hack, it'd be funnier to short ETH and post something like:
"I'm done with ETH, selling all" 

https://asumetech.com/five-out-of-six-largest-ethereum-block-builders-comply-with-ofac-sanctions-reveals-new-report/
"Ethereum Block Builders and Growing Censorship Concerns
Ethereum can set new records in 2023
A recent report reveals that five out of the six largest Ethereum block builders now comply with the United States Office of Foreign Asset Control (OFAC) sanctions. The report, authored by Ethereum researcher and data analyst Toni Wahrstätter, highlights a notable increase in censorship in recent months.

Ethereum’s Censorship Concerns
According to the report, censorship exists at multiple levels within the Ethereum ecosystem. Validators have the power to selectively include or exclude transactions in blocks, while relays can filter blocks based on certain rules. Builders can also choose to omit specific transactions. These layers of censorship raise concerns about the neutrality and decentralization of the blockchain.

Wahrstätter’s report suggests that censorship resistance is crucial for maintaining political neutrality in blockchains. Decentralization is a fundamental principle, as centralization at any layer of the Ethereum stack can potentially harm the entire ecosystem."