[ANN] Ethereum: Welcome to the Beginning - page 41.

becoin

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Quote from: redwine49 on May 16, 2021, 08:32:53 AM

Quote from: becoin on May 16, 2021, 04:07:45 AM

Quote from: blacksmithtm on May 16, 2021, 02:39:02 AM

have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

Most important thing is eth price. Don't worry about scaling! Infura will take care of eth blockchain.

i disagree with you. The issue of ETH scalability is the most important aspect to look at where ETH price is headed.
If ETH 2.0 fails it will be catastrophic for the price too because most people buy more ETH because of ETH 2.0 upgrade

Of course, my friend. I was sarcastic.

redwine49

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Quote from: becoin on May 16, 2021, 04:07:45 AM

Quote from: blacksmithtm on May 16, 2021, 02:39:02 AM

have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

Most important thing is eth price. Don't worry about scaling! Infura will take care of eth blockchain.

i disagree with you. The issue of ETH scalability is the most important aspect to look at where ETH price is headed.
If ETH 2.0 fails it will be catastrophic for the price too because most people buy more ETH because of ETH 2.0 upgrade

budlo

sr. member

Activity: 854

Merit: 264

Quote from: Lunar Crank on May 13, 2021, 01:42:47 PM

Quote from: redwine49 on May 11, 2021, 02:59:07 AM

Quote from: Peer-Sil on May 10, 2021, 06:57:37 AM

What do you think is the price till end of the week? Grin

Is there a date when the proof of stake alt. will be released?

We are waiting for it. I love to see when ETH gas fee back to 6-16 GWEI.
I do not know when they ready to lauch ETH 2.0 . I still can wait until the end of this year Cheesy

I can't even remember when Gwei was so low. And I'm not sure that we will see it again.

Anyway, I expect futher increasing of ETH price. And current decreasing I used for buying ETH cheaper then it was.

Before the last fall of the market, commissions both in the ETH network and in the BTC network were at an extremely high level, practically at a historical maximum. I don’t know how it is connected, but after this there is often a drawdown in the market. And then the commissions return to the average values.

becoin

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Activity: 3431

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Quote from: blacksmithtm on May 16, 2021, 02:39:02 AM

have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

Most important thing is eth price. Don't worry about scaling! Infura will take care of eth blockchain.

blacksmithtm

member

Activity: 87

Merit: 10

have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

zasad@

legendary

Activity: 2002

Merit: 4743

EIP3554: difficulty bomb delay
https://github.com/ethereum/EIPs/blob/909863b2938b5f8ae38d42c8b6442e599d7605a4/EIPS/eip-3554.md
"Difficulty Bomb Delay to December 1st 2021

Motivation
Targeting for the Shanghai upgrde and/or the Merge to occur before Decemember 2021. Either the bomb can be readjusted at that time, or removed all together."

Ethereum is in a hurry to change the algorithm

onecall123

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Activity: 2156

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Quote from: Lunar Crank on May 13, 2021, 01:42:47 PM

I can't even remember when Gwei was so low. And I'm not sure that we will see it again.

ETH has very high gas fees and I wondering how long it will take to come down. The time line for the official EIP1559 rollout next July 2021. Though EIP1559 is not even forecast to have a lot of an impact on fees.

Quote from: Lunar Crank on May 13, 2021, 01:42:47 PM

Anyway, I expect futher increasing of ETH price. And current decreasing I used for buying ETH cheaper then it was.

Ether is already on a ride and ETH will be more and more expensive. First ETH will test $4200, passes that then we in for a takeoff. So, $4500 ETH by tomorrow?

redwine49

full member

Activity: 1092

Merit: 112

Quote from: Lunar Crank on May 13, 2021, 01:42:47 PM

Quote from: redwine49 on May 11, 2021, 02:59:07 AM

Quote from: Peer-Sil on May 10, 2021, 06:57:37 AM

What do you think is the price till end of the week? Grin

Is there a date when the proof of stake alt. will be released?

We are waiting for it. I love to see when ETH gas fee back to 6-16 GWEI.
I do not know when they ready to lauch ETH 2.0 . I still can wait until the end of this year Cheesy

I can't even remember when Gwei was so low. And I'm not sure that we will see it again.

Anyway, I expect futher increasing of ETH price. And current decreasing I used for buying ETH cheaper then it was.

Last year we still at 10-20 GWEI as gas transaction fee.
We need them to decrease if we expect ETH smart contract to grow a bit more.
Atleast 10M to 30M transaction per day

Quote from: Termie on May 12, 2021, 01:27:18 PM

after switch to PoS, ETH miners are history, or maybe they can switch to ETH Classic :p

Yeah, i am sorry for them Undecided

zasad@

legendary

Activity: 2002

Merit: 4743

An interesting story with links to transactions like Vitalik Buterin dumped the Shiba Inu and Akita Inu token markets
https://bitcointalksearch.org/topic/end-of-memecoin-season-by-vitalik-buterin-or-not-5337050
End of memecoin season by Vitalik Buterin or not?
This will probably be one of the big meme events this year.

Lunar Crank

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www.cd3d.app

Quote from: redwine49 on May 11, 2021, 02:59:07 AM

Quote from: Peer-Sil on May 10, 2021, 06:57:37 AM

What do you think is the price till end of the week? Grin

Is there a date when the proof of stake alt. will be released?

We are waiting for it. I love to see when ETH gas fee back to 6-16 GWEI.
I do not know when they ready to lauch ETH 2.0 . I still can wait until the end of this year Cheesy

I can't even remember when Gwei was so low. And I'm not sure that we will see it again.

Anyway, I expect futher increasing of ETH price. And current decreasing I used for buying ETH cheaper then it was.

Mrpumperitis

legendary

Activity: 2856

Merit: 1075

Something every ETH hodler, Dev and user should have a look at....

https://medium.com/dfinity/how-ethereum-could-be-supercharged-by-the-internet-computer-network-afc513bf15e1

The Internet Computer works differently than traditional blockchains, and this enables Ethereum developers to incorporate its capabilities into their dapps with relative ease. For example, whereas Ethereum requires users to submit some amount of ETH with every transaction to pay for the gas that fuels the computation resulting from smart contract code being invoked, on the Internet Computer canisters (a form of smart contracts) are pre-charged with “cycles” (the equivalent of gas) and pay for computation themselves.

and much more...
What may surprise you, is that there is work ongoing at the DFINITY Foundation involving advanced cryptography that will allow canister code running on the Internet Computer to securely create and sign Ethereum and Bitcoin transactions.

Each canister can maintain up to 4GB of memory pages. But if that is insufficient, a system can be composed of any number of interacting canisters, such that there is no upper bound on the total quantity of data that they can maintain.

Termie

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Activity: 642

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after switch to PoS, ETH miners are history, or maybe they can switch to ETH Classic :p

becoin

legendary

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Quote from: ivomm on May 12, 2021, 04:24:26 AM

really don't see why is this hostility from the devs against the miners, since eth is what it is mainly because of the miners.

Isn't this obvious? Miners sell eth they mine for bitcoins. If they are not allowed to do that there will be nobody mining eth. Something eth devs don't comprehend. Simple as that!

ivomm

legendary

Activity: 1891

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All good things to those who wait

The earliest possible date for the full POS switch is Q2 in 2022. As for the gas decrease, the July HF can help a bit but I'm not sure. The information I have is that the only thing that will change is instead of going to the miners, the gas will be burned. In other words, it is devised only as miners punishment, not related to the way smart contracts are executed. Nor this is related to the generation of new eth as many wrongly think. The gas is not a block reward, it is an additional payment from the smart contract makers/takers and transaction fees. I really don't see why is this hostility from the devs against the miners, since eth is what it is mainly because of the miners. If they didn't support the project especially in the early years, eth would have been long forgotten.

redwine49

full member

Activity: 1092

Merit: 112

Quote from: Peer-Sil on May 10, 2021, 06:57:37 AM

What do you think is the price till end of the week? Grin

Is there a date when the proof of stake alt. will be released?

We are waiting for it. I love to see when ETH gas fee back to 6-16 GWEI.
I do not know when they ready to lauch ETH 2.0 . I still can wait until the end of this year Cheesy

Peer-Sil

member

Activity: 76

Merit: 13

… just sitting here and buy #Bitcoin ⚡ᥧ

What do you think is the price till end of the week? Grin

Is there a date when the proof of stake alt. will be released?

Daltonik

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Activity: 2618

Merit: 1505

After breaking the $4,000 mark, Ethereum's market capitalization has grown to nearly $478 billion, meaning it is on track to surpass JPMorgan Chase. The largest U.S. bank is currently worth $488 billion after Friday's close.

JollyGood

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Activity: 2534

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Top Crypto Casino

ETH has broken the $4000 barrier and it is getting stronger and stronger. Now trading at $4128 according to CMC

Quote from: budlo on May 08, 2021, 04:14:27 PM

Quote from: Dron Pelya on May 07, 2021, 02:57:39 PM

Quote from: MoneyJ on May 07, 2021, 08:18:17 AM

Uniswap v3 was recently launched on the mainnet and added NFT functionality meaning another killer app will rule Ethereum domain. Where else ethereum will be heading? So excited on this.

Yes, how many times we have heard about ETH death? How many there were projects called "ETH-killers"? But it is still demanded, and I think it will be the same in near future.

I completely agree with you. There is currently no alternative to ETH. All the killers haven't come up with anything fundamentally new yet. The ETH has the best decentralization in the market, a high pro level of the community and developers. Of course, there are problems, but they will soon be solved.

temple

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Activity: 1428

Merit: 538

Quote from: JollyGood on May 05, 2021, 05:12:54 PM

I think I read in an interview he mentioned he personally did not have many ETH and the Ethereum Foundation also did not have many left. He is not a USD$ billionaire.

Quote from: temple on May 05, 2021, 06:22:17 AM

Quote from: JollyGood on May 04, 2021, 04:11:37 PM

Regardless of what is shows in the image I am not sure exactly how many ETH he has but Vitalik Buterin has made many people millionaires thanks to ETH. Some made it because they bought at low prices and others through ICOs.

I hope Vitalik Buterin keeps up the good work and keeps improving Ethereum and any other projects he jumps in to.

That is what makes him so amazing. Many would believe he is holding like ten million ETH or so, but he doesn't and telling from his interviews if I remember correctly, he also never had that much. Who are the big guys who have the majority of ETH? Lubin? He is said to be a real heavy weight when it comes to Ethereum.

I am not so sure whether he is not a USD billionaire by now. I remember the interview and he sold a good amount of his ETH quite early already, but there isa good chance he bought back in. Also he is probably sitting on a ton of tokens.

MoneyJ

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Activity: 1022

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GoMeat - Digitalizing Meat Stores - ICO

Gas Fee has skyrocketed in past days . Due to rise of DeFi usecases. Now uniswap version 3 is live on the mainnet would further boost this price .
But be cautious. Ethereum network got slower and dont know how implementing 2.0 layer 2 scaling will be effective.

Topic: [ANN] Ethereum: Welcome to the Beginning - page 41. (Read 2007008 times)