[ANN] Ethereum: Welcome to the Beginning

[zasad@]

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   The more gas is used, the more expensive the transaction cost

Top Assets by Market Cap
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№8   - Bitcoin    $986.75 B
№32   - Ethereum $315.39 B

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[Piston Honda]

when 10K tho?

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

still a nice sell time as we go up.  but man the bear season to come is going to be a fucking bloodbath

[zasad@]

when 10K tho?

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

still a nice sell time as we go up.  but man the bear season to come is going to be a fucking bloodbath

I'll see what you have to say when Ethereum costs $ 5000

[bbc.reporter]

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

[mrjoy15]

when 10K tho?

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

still a nice sell time as we go up.  but man the bear season to come is going to be a fucking bloodbath

I'll see what you have to say when Ethereum costs $ 5000

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. 

[Dron Pelya]

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)))

[Kavelj22]

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.

[budlo]

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

[Daltonik]

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

[temple]

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.

If that's the case then it's fine. I don't know exactly if it works the way you described it, but I remember the time when the kitties came up and Ethereum was completely stuck for a little while for anyone who wanted to legitimately use the network. It was more than annoying, and frankly speaking it is still annoying. Good to see tx costs go down now.

[dark1234]

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.

now or next year it could happen because we don't know the biggest possibility of my market correction coming in the crypto world in 2017 where the bear market took place and when 2018 etherium hit a steep ravine of only 300$ and it is unlikely that it will return to 2K. , but 2021 proves its existence we just need to be patient to achieve that possibility

[Majormax]

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

Of course, upgrades and changes carry a significant level of risk... also leading to (hopefully substantial) long-term improvement. Developer running comment notes are unlikely to reveal much information about the eventual success.

The ETH price is responding in the normal way to this : Looking at medium term (of the order of months) prices on any major project, anticipation of an upgrade is nearly always bought strongly.  After the event, there is usually a pause or retracement , notwithstanding the degree of success, or problems.

[Daltonik]

Vitalik Buterin was congratulated on becoming one of the crypto billionaires after Ethereum broke the $3000 mark over the past day, the value of Eth increased by almost 10%.

[Kavelj22]

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.

now or next year it could happen because we don't know the biggest possibility of my market correction coming in the crypto world in 2017 where the bear market took place and when 2018 etherium hit a steep ravine of only 300$ and it is unlikely that it will return to 2K. , but 2021 proves its existence we just need to be patient to achieve that possibility

By studying the Eth price Chart, the price may drop at 60 to 80 percent at any time. Some others even says that the crash is inevitable based on the perspective that eth is overpriced. Eth should reach more high levels during the few upcoming years and this riseness can't be discussed in comparaison with the actual boom in the whole market not only ethereum.
By the way, if you didn't notice it, you have a bug in your signature code, it would be nicer if you fix it

[hd49728]

Vitalik Buterin was congratulated on becoming one of the crypto billionaires after Ethereum broke the $3000 mark over the past day, the value of Eth increased by almost 10%.

Congratulations go to Vitalik and Ethereum hodlers. The market challenged Ethereum investors in 2019, 2020 and this year it brings sweet price to harvest for loyal and confident investors.

Weak investors who cashed out in 2019 would feel very regret with their decisions and emotional exits.

This soar of Ethereum will bring positive momentum for altcoin market. I don't want to be too optimistic but I think the altcoin season will keep going but with some corrections and massacres as a natural operation of market.

[In the silence]

Vitalik Buterin was congratulated on becoming one of the crypto billionaires after Ethereum broke the $3000 mark over the past day, the value of Eth increased by almost 10%.

Congratulations go to Vitalik and Ethereum hodlers. The market challenged Ethereum investors in 2019, 2020 and this year it brings sweet price to harvest for loyal and confident investors.

Weak investors who cashed out in 2019 would feel very regret with their decisions and emotional exits.

This soar of Ethereum will bring positive momentum for altcoin market. I don't want to be too optimistic but I think the altcoin season will keep going but with some corrections and massacres as a natural operation of market.

Congratulations to you all! The flippening is happening again! We might see soaring highs to alts this next few months!
Thank you Vitalik!

[temple]

Vitalik Buterin was congratulated on becoming one of the crypto billionaires after Ethereum broke the $3000 mark over the past day, the value of Eth increased by almost 10%.

Congratulations go to Vitalik and Ethereum hodlers. The market challenged Ethereum investors in 2019, 2020 and this year it brings sweet price to harvest for loyal and confident investors.

Weak investors who cashed out in 2019 would feel very regret with their decisions and emotional exits.

This soar of Ethereum will bring positive momentum for altcoin market. I don't want to be too optimistic but I think the altcoin season will keep going but with some corrections and massacres as a natural operation of market.

Congratulations to you all! The flippening is happening again! We might see soaring highs to alts this next few months!
Thank you Vitalik!

That's impressive but honestly he deserves it. So much innovation he brought to the world. Believed in himself after some rejected his idea. How many wallets does Vitalik have? I doubt that is the only one. It's fun to read that number knowing Vitalik has the private key to it. Jealous over here!

[JollyGood]

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.

[temple]

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.

[rahmat86]

I got the information, this year Etherum will implement a burn coin. is that true or not? if yes, i think it's reason price etherum still increase until now