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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 2004315 times)
Sirait
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October 01, 2019, 12:01:49 PM
 #24001

The topic of Ethereum has become more crowded in recent hours. What's wrong with Ethereum, please tell me. If you think there is something wrong with Ethereum, please tell me which altcoins will replace Ethereum at the second position in the crypto area. Ripple, nope. Bitcoin Cash, nope. TRON, nope. So, which one in your opinion?
I don't see anything strange happening... or rather... I see nothing is happening with Ethereum's developement! But maybe I just haven't done my research so nvm.
But let me remind you that XRP and ETH have been trading the 2nd position a few times now.
Agreed. For many years XRP and ETH have been placed in top 2 and top 3 positions by market capital (CMC) and they have been swapping places several times too.

Any other coin to come along and dislodge them will take a monumental effort and there is guarantee they will be able to do it.
we cannot give certainty that Ethereum and Ripple will continue to rank 2 & 3 forever, but it is true for the moment there are no competent coins that can shift them.



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October 01, 2019, 12:19:05 PM
 #24002

The topic of Ethereum has become more crowded in recent hours. What's wrong with Ethereum, please tell me. If you think there is something wrong with Ethereum, please tell me which altcoins will replace Ethereum at the second position in the crypto area. Ripple, nope. Bitcoin Cash, nope. TRON, nope. So, which one in your opinion?
I don't see anything strange happening... or rather... I see nothing is happening with Ethereum's developement! But maybe I just haven't done my research so nvm.
But let me remind you that XRP and ETH have been trading the 2nd position a few times now.
Agreed. For many years XRP and ETH have been placed in top 2 and top 3 positions by market capital (CMC) and they have been swapping places several times too.

Any other coin to come along and dislodge them will take a monumental effort and there is guarantee they will be able to do it.
we cannot give certainty that Ethereum and Ripple will continue to rank 2 & 3 forever, but it is true for the moment there are no competent coins that can shift them.

Well there are numerous coins out there that outcompetes ETH and XRP, Unfortunately both have first mover advantage hence it's highly unlikely any of those coins to get in 2/3 rank. Maybe Libra(Or any other coin by tech giants) will take the 2nd place someday?
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October 01, 2019, 08:25:04 PM
 #24003


Well there are numerous coins out there that outcompetes ETH and XRP, Unfortunately both have first mover advantage hence it's highly unlikely any of those coins to get in 2/3 rank. Maybe Libra(Or any other coin by tech giants) will take the 2nd place someday?

Libra? If you're talking about decentralization, Libra won't cut it. I don't expect Facebook to share maximum benefits of maintaining a Libra node, unlike true decentralized networks like Bitcoin. They will always make sure they have the majority of whatever they plan to use as a validating node.

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October 02, 2019, 01:49:58 AM
Last edit: October 02, 2019, 03:14:15 AM by benthach
 #24004


Well there are numerous coins out there that outcompetes ETH and XRP, Unfortunately both have first mover advantage hence it's highly unlikely any of those coins to get in 2/3 rank. Maybe Libra(Or any other coin by tech giants) will take the 2nd place someday?

Libra? If you're talking about decentralization, Libra won't cut it. I don't expect Facebook to share maximum benefits of maintaining a Libra node, unlike true decentralized networks like Bitcoin. They will always make sure they have the majority of whatever they plan to use as a validating node.

libra is sure much better than those tether, i would take libra over all those out of thin air stable coins any day.

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October 02, 2019, 03:24:59 AM
 #24005


This Istanbul testnet fork caused Ethereum network split,
and this is one more proof why good testing is needed before mainnet.
On a good note I noticed a lot lower fees on eth network recently

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October 02, 2019, 12:35:05 PM
 #24006


This Istanbul testnet fork caused Ethereum network split,
and this is one more proof why good testing is needed before mainnet.
On a good note I noticed a lot lower fees on eth network recently
Istanbul testnet is not the main reason but this is the main reason why there must be a separate chain between ropsten testnet and istanbul testnet

Quote
Normally, miners on a proof-of-work blockchain like ethereum and test network Ropsten are required to manually upgrade their software in order to ensure the smooth continuation of a single chain.

According to Hudson, the majority of miners on the Ropsten blockchain did not upgrade to the latest software, since the time of the hard fork caught many developers off guard. This has resulted in a split of the test network between those mining on the upgraded chain and those mining on the outdated chain.

source : https://www.coindesk.com/ethereums-istanbul-upgrade-arrives-early-causes-testnet-split

I just hope these miners will be upgrading their software as soon as possible.

But remember if that was a testnet. When the majority of those miners will have upgraded their software and there will be no separate chain and a single chain will be enough.


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October 03, 2019, 03:32:36 AM
 #24007


This Istanbul testnet fork caused Ethereum network split,
and this is one more proof why good testing is needed before mainnet.
On a good note I noticed a lot lower fees on eth network recently

It's because the chinese scam that was eating ~50% of the gas finally ended. Devs drained the contract, so no one is playing the game. No more crazy load from 1 dapp.

Grow the Dividend Snek! (pm me if you have questions)
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johnnywoo2015
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October 03, 2019, 04:58:23 AM
 #24008

Guys, today I had to update a full wallet on my computer. The last time I did it was over a year ago. It has been so long since the launch of network, and ETH has become top 2 crypto-currencies, but why does the wallet still have such a look and works crookedly?

 
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October 03, 2019, 05:08:20 AM
 #24009


This Istanbul testnet fork caused Ethereum network split,
and this is one more proof why good testing is needed before mainnet.
On a good note I noticed a lot lower fees on eth network recently

Does this mean that now we will get another coin? Like the one which gave us ETC? Or this is just a routine fork that won't play any major role.
RivAngE
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October 03, 2019, 07:02:23 AM
 #24010


This Istanbul testnet fork caused Ethereum network split,
and this is one more proof why good testing is needed before mainnet.
On a good note I noticed a lot lower fees on eth network recently

Does this mean that now we will get another coin? Like the one which gave us ETC? Or this is just a routine fork that won't play any major role.

The key word here is "TESTNET".
I didn't read the details but it seems something didn't go right with their testings. This would be a problem if the update was pushed in the mainnet without testing first, but now they have time to fix whatever issue there was.
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October 03, 2019, 08:40:29 AM
 #24011

IKEA just allowed an invoice to be paid via the Ethereum blockchain
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October 03, 2019, 09:38:28 AM
 #24012

So what's next after unexpected chain split in testnet?
Will the Instanbul fork will be postponed for mainnet?
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October 03, 2019, 12:41:29 PM
 #24013

So what's next after unexpected chain split in testnet?
Will the Instanbul fork will be postponed for mainnet?
Will be. The gap in the test chain happened because the fork happened ahead of time and the miners were not ready to support it.
In the main chain, miners will support and everything will be fine.
We are waiting for DEVCON to announce more accurate information on it.






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October 03, 2019, 02:34:38 PM
 #24014


This Istanbul testnet fork caused Ethereum network split,
and this is one more proof why good testing is needed before mainnet.
On a good note I noticed a lot lower fees on eth network recently

Does this mean that now we will get another coin? Like the one which gave us ETC? Or this is just a routine fork that won't play any major role.
No. There will be no new coin. Creators don 't understand what they 're doing. Confused, poor guys.
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October 03, 2019, 04:22:13 PM
 #24015


This Istanbul testnet fork caused Ethereum network split,
and this is one more proof why good testing is needed before mainnet.
On a good note I noticed a lot lower fees on eth network recently

Does this mean that now we will get another coin? Like the one which gave us ETC? Or this is just a routine fork that won't play any major role.

you need to know all these dramas is still in the testnet phase

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October 03, 2019, 05:56:56 PM
 #24016

It's because the chinese scam that was eating ~50% of the gas finally ended. Devs drained the contract, so no one is playing the game. No more crazy load from 1 dapp.

But Ethereum still needs to be scalable. If one single DApp even if ponzi or scam, clogs the network, that is not good at all for legit resource-hogging apps.


Does this mean that now we will get another coin? Like the one which gave us ETC? Or this is just a routine fork that won't play any major role.

The ETC fork is a contentious one meaning a substantial part of the ETH community disagree with "rescuing the failed "The Dao." This time everybody is on board with fork updates.


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October 03, 2019, 07:31:03 PM
 #24017


This is good news for eth community, if more merchants copy this act it will bring more attention to the ethereum network, this also means more adoption of eth not only btc will get all the good news,  the time to load up eth is here because many similar offers may keep coming up.
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October 04, 2019, 04:09:48 AM
 #24018


Does this mean that now we will get another coin? Like the one which gave us ETC? Or this is just a routine fork that won't play any major role.

The ETC fork is a contentious one meaning a substantial part of the ETH community disagree with "rescuing the failed "The Dao." This time everybody is on board with fork updates.

Ah, thank you very much for clearing that out. Every time I hear the word fork I instantly start to think that we might be getting a new coin lol.
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October 04, 2019, 08:04:37 AM
 #24019

During the past days, there are lots of bad things relate to Ethereum, chain splits due to hard fork, and transaction fees rocketed to the Moon besides other things. Personally, I think it is only short-term bad things for Ethereum, and if loyal holders keep holding their Ethereum, they will do see sweet results for their portfolio in months later.

I have a feeling like Ethereum has been in its very last period before rocketing to the Moon. Such bad news forced the price of ETH falling down just a little, that is a good signal of final consolidation phase.
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October 04, 2019, 09:09:07 AM
 #24020

During the past days, there are lots of bad things relate to Ethereum, chain splits due to hard fork, and transaction fees rocketed to the Moon besides other things. Personally, I think it is only short-term bad things for Ethereum, and if loyal holders keep holding their Ethereum, they will do see sweet results for their portfolio in months later.

I have a feeling like Ethereum has been in its very last period before rocketing to the Moon. Such bad news forced the price of ETH falling down just a little, that is a good signal of final consolidation phase.


The price fall has hardly been a surprise since all crypto prices took a hit.

Given time, all crypto should recover to find their own stable price. The thing with ETH along with just a handful of other crypto is that they will bounce back and they should be able to offer you a return on your investment even if takes a bit of time. With all these the copycats offering contracts and so on, Ethereum is still holding its own. Maybe when positive news starts filtering through about its short/long term plans it might bring stability to the price and confidence to investors.


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EURO 2024
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