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Topic: [ANN] Ethereum: Welcome to the Beginning - page 43. (Read 2007008 times)

legendary
Activity: 2618
Merit: 1505
Testing the merger of the PoW and PoS network in the ether network with the participation of the node clients Teku, Lighthouse, Nimbus and Prysm (eth 2.0 side) and geth, Besu and Nethermind (eth1 side). The test simulation of the merge started normally for a certain number of blocks, but quickly disintegrated into numerous forks. The symbolic name of the simulation is Steklo.

According to Diederik Loerakker, developer of eth 2: "The test network is now in a rather unstable state, and it looks more like a developer tool for debugging node clients. In the coming weeks, we will launch more user-oriented test networks as soon as the situation stabilizes sufficiently."  https://www.trustnodes.com/2021/05/01/ethereum-2-0-merger-devnet-completes-successfully
sr. member
Activity: 854
Merit: 264
So, when talked that ETH price could reach 3000$, it didn't look possible. Now ETH price is almost 3k. What is the next stage? I've read about 5k... But it definitely looks impossible)))
When the developers solve the existing problems of congestion, scalability and transaction fees of the ETH network, then there would be no such doubts about the price per coin. The price would be well over $ 7k
legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃
So, when talked that ETH price could reach 3000$, it didn't look possible. Now ETH price is almost 3k. What is the next stage? I've read about 5k... But it definitely looks impossible)))

It always depends on the Eth price at the time you were about to discuss this. And like the 3k looked impossible before reaching that level in real, the 5k is near to be achieved; In fact, the discussion nowadays is about the bear market and when it should happen as we are almost in a boom since about 5 months.
sr. member
Activity: 1302
Merit: 403
So, when talked that ETH price could reach 3000$, it didn't look possible. Now ETH price is almost 3k. What is the next stage? I've read about 5k... But it definitely looks impossible)))
hero member
Activity: 868
Merit: 504
when 10K tho?

make sure you're paying attention to alts that haven't pumped yet, AMIRITE?! Wink

still a nice sell time as we go up.  but man the bear season to come is going to be a fucking bloodbath Sad
I'll see what you have to say when Ethereum costs $ 5000 Smiley
Ethereum has so much potential to grow more. But, who said it will crash badly? So many people are waiting for a dip to make entry. In next couple of weeks you'll be glad you bought at this price.

@Piston Honda, It appears that you have sold out too early and now call everyone selling their share. That's won't gonna happen.  Wink


legendary
Activity: 3178
Merit: 1509
Hello Ethereans, it appears that the speculation that ETH2.0 will not be released this year is becoming stronger as clearly the Ethereum miners will not never want their source of revenue to be stopped.

In any case, I speculate that Ethereum sidechains and layer 2 projects might be the next popular investments. My question, what are these projects and what are the best to invest into? Thank you.



Ethereum miners brought in more than $1.5 billion in revenue during the month of April, according to data collected by The Block.

Monthly data through April 30 shows that ETH miners have brought in $1.59 billion, though this data is likely to be slightly higher by the end of the day. The figure surpasses the previous high of $1.38 billion reported for March.


Read in full https://www.theblockcrypto.com/linked/103437/ethereum-mining-revenue-for-the-month-of-april-hits-new-all-time-high
legendary
Activity: 2002
Merit: 4743
when 10K tho?

make sure you're paying attention to alts that haven't pumped yet, AMIRITE?! Wink

still a nice sell time as we go up.  but man the bear season to come is going to be a fucking bloodbath Sad
I'll see what you have to say when Ethereum costs $ 5000 Smiley
legendary
Activity: 2730
Merit: 1068
Juicin' crypto
when 10K tho?

make sure you're paying attention to alts that haven't pumped yet, AMIRITE?! Wink

still a nice sell time as we go up.  but man the bear season to come is going to be a fucking bloodbath Sad
legendary
Activity: 2002
Merit: 4743
If I get it right, anyone can have arbitrary spam included in the transactions lifting the conf time and causing the gas price to rise? Then should not sharding mitigate this issue. With parallel chains u can filter out the garbage that weights down the transactions in question to the sidechain and have them processed separately and for a higher cost if the sender is alright to pay extras for their garbage.
Spam on Ethereum is very expensive now Smiley  The more gas is used, the more expensive the transaction cost

Top Assets by Market Cap
https://companiesmarketcap.com/assets-by-market-cap/
All assets, including public companies, precious metals, cryptocurrencies, ETFs
№8   - Bitcoin    $986.75 B
№32   - Ethereum $315.39 B
hero member
Activity: 2147
Merit: 518
The developers have eliminated the desynchronization of the Ethereum blockchain and talked about the reasons for the bug
https://ttrcoin.com/razrabotchiki-ustranili-rassinhronizaciyu-blokcheyna-ethereum-i-rasskazali-o-prichinah-baga.13693/

The problem was related to a specific type of transaction that was introduced in Berlin. Open Ethereum clients calculated the cost of one such transaction differently from the rest of the network nodes, which is why the whole block of transactions was invalidated by them. As a result, the Etherscan blockchain explorer stopped working, and the BitStamp and Coinbase exchanges temporarily limited the withdrawal of ETH and ERC20 tokens.

“OpenEthereum estimated the price of this transaction with a small error, which caused all further problems (the block was rejected as invalid),” explained Martin Keppelmann, CEO of Gnosis.

According to Go Ethereum developer Marius van der Weyden, the bug was so subtle that it could not be detected during all stages of preliminary testing.

“After installing the update, the Open Ethereum nodes should be able to restore sync without any problems. For example, they don't have to resynchronize from block zero or manually delete a block, ”added Keppelmann.

Based on feedback from users and my experience with transactions that I made today, the commissions on the network have not decreased.
Looking forward to the next hard fork.
!!!
Was the actual goal of this update to push transaction costs down? The tx fees are insane right now and urgently need to decrease. Anything that can be considered a micro transaction is just not feasible, thereby excluding a large part of the ETH user base from actively using the network. Bad times right now and I hope there is light at the end of the tunnel.
The excitement of the NFT is the reason for the insane growth of commissions. There is almost no alternative yet. It'll be...



We are all grateful to Vitalik! Genius!!! Let him live and rest. Creates a family and gets a little thick... Many agree with me....

[moderator's note: consecutive posts merged]

The hype around NFT is indeed contributing to rising tx costs. Basically everyone can launch NFT and foster network congestion. There is only one way out and that is tech that solves the problem.

If I get it right, anyone can have arbitrary spam included in the transactions lifting the conf time and causing the gas price to rise? Then should not sharding mitigate this issue. With parallel chains u can filter out the garbage that weights down the transactions in question to the sidechain and have them processed separately and for a higher cost if the sender is alright to pay extras for their garbage.
sr. member
Activity: 2156
Merit: 323
ETH prices are still reasonable. If BTC recovers we will still see higher prices.
Seems as we don't have to follow BTC any more as we are already self-dependent now. Ethereum hits yet another new All-Time High $2,798 and it will hit the $3000 mark shortly. Just look at the ride of ETH, clearly it amaze us. Indeed, Ethereum 5k by end of year reasonable.
sr. member
Activity: 604
Merit: 252
ETH prices are still reasonable. If BTC recovers we will still see higher prices.
hero member
Activity: 1428
Merit: 538
The developers have eliminated the desynchronization of the Ethereum blockchain and talked about the reasons for the bug
https://ttrcoin.com/razrabotchiki-ustranili-rassinhronizaciyu-blokcheyna-ethereum-i-rasskazali-o-prichinah-baga.13693/

The problem was related to a specific type of transaction that was introduced in Berlin. Open Ethereum clients calculated the cost of one such transaction differently from the rest of the network nodes, which is why the whole block of transactions was invalidated by them. As a result, the Etherscan blockchain explorer stopped working, and the BitStamp and Coinbase exchanges temporarily limited the withdrawal of ETH and ERC20 tokens.

“OpenEthereum estimated the price of this transaction with a small error, which caused all further problems (the block was rejected as invalid),” explained Martin Keppelmann, CEO of Gnosis.

According to Go Ethereum developer Marius van der Weyden, the bug was so subtle that it could not be detected during all stages of preliminary testing.

“After installing the update, the Open Ethereum nodes should be able to restore sync without any problems. For example, they don't have to resynchronize from block zero or manually delete a block, ”added Keppelmann.

Based on feedback from users and my experience with transactions that I made today, the commissions on the network have not decreased.
Looking forward to the next hard fork.
!!!
Was the actual goal of this update to push transaction costs down? The tx fees are insane right now and urgently need to decrease. Anything that can be considered a micro transaction is just not feasible, thereby excluding a large part of the ETH user base from actively using the network. Bad times right now and I hope there is light at the end of the tunnel.
The excitement of the NFT is the reason for the insane growth of commissions. There is almost no alternative yet. It'll be...



We are all grateful to Vitalik! Genius!!! Let him live and rest. Creates a family and gets a little thick... Many agree with me....

[moderator's note: consecutive posts merged]

The hype around NFT is indeed contributing to rising tx costs. Basically everyone can launch NFT and foster network congestion. There is only one way out and that is tech that solves the problem.
hero member
Activity: 2632
Merit: 649
DGbet.fun - Crypto Sportsbook
We are all grateful to Vitalik! Genius!!! Let him live and rest. Creates a family and gets a little thick... Many agree with me....
I think he's still young and in perfect condition to work on Ethereum and develop it more and more. and BTW. ethereum is yet to move to 2.0 version. and Vitalik have to lead that development and establishment.
it is ok if he live a family and social life. but I don't think that he should abandon ethereum at this crucial time when it needs him the most. it is too early for Vitalik to get retire at this time.

I agree, it's too early to rest) You also need to bring the project to mind to resolve the issue with high commissions and after that Vitalik can already go on a well-deserved rest. In the meantime, we are waiting for the version 2.0
hero member
Activity: 1260
Merit: 683
Popkitty.io - Blockchain Social Media
We are all grateful to Vitalik! Genius!!! Let him live and rest. Creates a family and gets a little thick... Many agree with me....
I think he's still young and in perfect condition to work on Ethereum and develop it more and more. and BTW. ethereum is yet to move to 2.0 version. and Vitalik have to lead that development and establishment.
it is ok if he live a family and social life. but I don't think that he should abandon ethereum at this crucial time when it needs him the most. it is too early for Vitalik to get retire at this time.
sr. member
Activity: 537
Merit: 251
The developers have eliminated the desynchronization of the Ethereum blockchain and talked about the reasons for the bug
https://ttrcoin.com/razrabotchiki-ustranili-rassinhronizaciyu-blokcheyna-ethereum-i-rasskazali-o-prichinah-baga.13693/

The problem was related to a specific type of transaction that was introduced in Berlin. Open Ethereum clients calculated the cost of one such transaction differently from the rest of the network nodes, which is why the whole block of transactions was invalidated by them. As a result, the Etherscan blockchain explorer stopped working, and the BitStamp and Coinbase exchanges temporarily limited the withdrawal of ETH and ERC20 tokens.

“OpenEthereum estimated the price of this transaction with a small error, which caused all further problems (the block was rejected as invalid),” explained Martin Keppelmann, CEO of Gnosis.

According to Go Ethereum developer Marius van der Weyden, the bug was so subtle that it could not be detected during all stages of preliminary testing.

“After installing the update, the Open Ethereum nodes should be able to restore sync without any problems. For example, they don't have to resynchronize from block zero or manually delete a block, ”added Keppelmann.

Based on feedback from users and my experience with transactions that I made today, the commissions on the network have not decreased.
Looking forward to the next hard fork.
!!!
Was the actual goal of this update to push transaction costs down? The tx fees are insane right now and urgently need to decrease. Anything that can be considered a micro transaction is just not feasible, thereby excluding a large part of the ETH user base from actively using the network. Bad times right now and I hope there is light at the end of the tunnel.
The excitement of the NFT is the reason for the insane growth of commissions. There is almost no alternative yet. It'll be...



We are all grateful to Vitalik! Genius!!! Let him live and rest. Creates a family and gets a little thick... Many agree with me....

[moderator's note: consecutive posts merged]
sr. member
Activity: 1302
Merit: 403
Recommended gas prices in gwei are too low now. 36 gvei will be enough for standard transaction. Honestly, I can't even remember when gas prise was so low. So if you need to make some transaction, it's time.
legendary
Activity: 2002
Merit: 4743
https://twitter.com/nethermindeth/status/1385695577434951681
Replying to
@nethermindeth
"#TheMerge is targeting October 2021 and the teams will work on it in parallel to work on the July London (EIP-1559) upgrade and the October Shanghai (EIP-3074 et al.) upgrade."

Mergenet tutorial
https://github.com/protolambda/mergenet-tutorial/blob/e8af95f995fbaf26a59639708a5a59d65be0bc46/README.md
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Going from $60,000 to $54,000 is a non-issue compared to what came before in crashes. Those were horrible days to see the whole market painted red when crypto was being heavily dumped.

This is huge and will surely adds more, despite the bitcoin bloodbath today, were seeing that ETH wil reach new AThs again in the coming weeks. I love how the market behaves, very organic.
legendary
Activity: 2002
Merit: 4743
https://twitter.com/etherchain_org/status/1384450774428700672
Bitfly
@etherchain_org(C)

"Following the efficiency improvements from the Berlin hard fork we believe it is save to increase the #Ethereum gas limit from 12,500,000 to 15,000,000.⛏️

Another huge milestone for the community.🥳"

New proposal to increase gas in blocks
https://etherscan.io/chart/gaslimit
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