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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1943489 times)
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July 31, 2020, 03:26:17 PM
 #24881

The current gas price of 90 gwei is too high, when will it come down? I think many people have the same problem as me, which makes me confused whether I need to use other mainnet with the cheaper transaction fee.

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July 31, 2020, 03:35:42 PM
 #24882

The current gas price of 90 gwei is too high, when will it come down? I think many people have the same problem as me, which makes me confused whether I need to use other mainnet with the cheaper transaction fee.
With the rise of Ethereum and the FOMO of Defi ecosystem which has most of DeFi projects are run on ERC20, I think the fee will stay high for a while some time. You can not hope for cheap gas price soon.

https://ethgasstation.info/index.php
https://ethgasstation.info/calculatorTxV.php

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August 01, 2020, 05:26:33 AM
 #24883

The current gas price of 90 gwei is too high, when will it come down? I think many people have the same problem as me, which makes me confused whether I need to use other mainnet with the cheaper transaction fee.
yesterday the gas transaction fee touched 120 gwei, I think it is very expensive to do small transactions, it's been almost 2 weeks I did not do ethereum transactions due to high costs, just waiting for cheap transaction fees and not making unnecessary transactions, except if needed to Large transactions may not be a problem  Huh

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August 01, 2020, 05:33:56 AM
 #24884

The current gas price of 90 gwei is too high, when will it come down? I think many people have the same problem as me, which makes me confused whether I need to use other mainnet with the cheaper transaction fee.


It won't be coming down for now in fact assume that it will go higher from here and will stay there until the FOMO on ETH 2.0 cools down a bit which might take some time if you ask me.


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August 01, 2020, 01:08:24 PM
 #24885

hey everyone how is that $1000 ETH going?
Give it some time it will get there  Grin
 

Five years ago this week, the first general-purpose blockchain went live on mainnet. Ethereum paved the way for a whole new use case for blockchain technology untethered from Bitcoin’s original vision as electronic cash.

https://www.coindesk.com/ethereum-history-in-5-charts
Hard to believe 5 years have gone by, imagine what other innovations will be made in the next 5 years in ETH as well as its competitors.

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August 01, 2020, 01:45:12 PM
 #24886

The current gas price of 90 gwei is too high, when will it come down? I think many people have the same problem as me, which makes me confused whether I need to use other mainnet with the cheaper transaction fee.
With the rise of Ethereum and the FOMO of Defi ecosystem which has most of DeFi projects are run on ERC20, I think the fee will stay high for a while some time. You can not hope for cheap gas price soon.

https://ethgasstation.info/index.php
https://ethgasstation.info/calculatorTxV.php
Today's gas price is 40 gwei.It is much cheaper compared to yesterday's 90. Hope the upcoming new version will allow me to use cheaper transaction fee Grin Grin
https://ethgasstation.info/

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August 01, 2020, 03:15:11 PM
 #24887

When Ethereum switches to PoS, will the coin supply be capped (no new Ether will be generated anymore) or will new Ether continue to be generated with each new block as usual? If the former is true, then the price should explode if PoS works as planned, so there are no security problems or similar issues. Or am I missing something?

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August 01, 2020, 03:49:36 PM
 #24888

When Ethereum switches to PoS, will the coin supply be capped (no new Ether will be generated anymore) or will new Ether continue to be generated with each new block as usual? If the former is true, then the price should explode if PoS works as planned, so there are no security problems or similar issues. Or am I missing something?

The Cap issue? Can we all vote about the supply? It will add more trust to the ethereum foundation. However, a price boost will occur because hodler are racing to stake ETH. The first seat was taken, adding some eth in their crypto chamber and watching the final testnet closely. At least,  V2 will eliminate scalability issues.


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August 01, 2020, 04:39:36 PM
 #24889

Hello do you know when the ETH2 mainnet version will be released? Finally ETH is still useful since 80% will be blocked to obtain rewards?
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August 01, 2020, 07:24:33 PM
 #24890

When Ethereum switches to PoS, will the coin supply be capped (no new Ether will be generated anymore) or will new Ether continue to be generated with each new block as usual? If the former is true, then the price should explode if PoS works as planned, so there are no security problems or similar issues. Or am I missing something?

The Cap issue? Can we all vote about the supply? It will add more trust to the ethereum foundation. However, a price boost will occur because hodler are racing to stake ETH. The first seat was taken, adding some eth in their crypto chamber and watching the final testnet closely. At least,  V2 will eliminate scalability issues.


Cap issue is a GREAT point!!!

ETH Dominance 12%

$375 Broken

Now $12,000 for 32 ETH - $11,000 just yest!!!!

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August 01, 2020, 09:11:06 PM
 #24891

When Ethereum switches to PoS, will the coin supply be capped (no new Ether will be generated anymore) or will new Ether continue to be generated with each new block as usual? If the former is true, then the price should explode if PoS works as planned, so there are no security problems or similar issues. Or am I missing something?
The price can rise for several common reasons:

1. Increase in demand for a coin
2. Reduction in the number of coins in circulation


"1.Ethereum 2 phase 0;
2.EIP-1559;
3.The end of mining; and
4.Ethereum 2 phase 2."

https://www.attestant.io/posts/charting-ethereum-issuance/

And after phase 2 we can see 1 and 2 reason, but it’s very difficult to say how long Phase 2 will start.

A very active movement began on the Ethereum.
https://medalla.launchpad.ethereum.org/
The required number of validators has been collected, and nothing prevents us from starting phase 0 after the official testnet.

https://medalla.launchpad.ethereum.org/overview

"Transfers between validators are disabled until at least phase 1. Validators will have to wait until phase 2 (around two years) to be able to withdraw to a specific shard."
"I understand that I CAN NOT TRANSFER my staked GöETH until at least phase 1, and I CAN NOT WITHDRAW until phase 2."

"Long-term commitment
"With transfers disabled until at least phase 1, there’s no way for a validator to voluntarily exit and then restart later. This means validators need to be in it for the long haul.
Once I exit, I can not rejoin until at least phase 1. This is a long term commitment."





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August 02, 2020, 04:56:32 AM
 #24892

I have a feeling that Ethereum is the main cryptocurrency today and not Bitcoin? Is it possible that Ethereum will overtake Bitcoin in capitalization? Has this ever happened?
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August 02, 2020, 05:58:23 AM
 #24893

I have a feeling that Ethereum is the main cryptocurrency today and not Bitcoin? Is it possible that Ethereum will overtake Bitcoin in capitalization? Has this ever happened?

Not possible I think Bitcoin will always be the main currency. ETH was doing good breaking past 400 so quickly but, as soon as BTC got dumped (about $1000) ETH too fell sharply with bitcoin.


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August 02, 2020, 08:29:55 AM
 #24894

I have a feeling that Ethereum is the main cryptocurrency today and not Bitcoin? Is it possible that Ethereum will overtake Bitcoin in capitalization? Has this ever happened?

Not possible I think Bitcoin will always be the main currency. ETH was doing good breaking past 400 so quickly but, as soon as BTC got dumped (about $1000) ETH too fell sharply with bitcoin.

Agreed with you BTC is the king of the cryptocurrency world and it will remain on the top position always. No doubt ETH is a good project and it provide the chance for so many people to get started into blockchain space and this platform is also very important hopefully it will get succeed to keep maintain the 2nd place for long time even there so many competitors now.


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August 02, 2020, 10:36:08 AM
 #24895

In the mining section there were also messages about a new tablet for ether
https://github.com/eth..  malware link

I want to check it out, and I'll write about the results later
software with malware
Don't trust this user
https://bitcointalk.org/index.php?topic=5182222.msg54918602#msg54918602





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August 02, 2020, 11:19:49 AM
 #24896

When Ethereum switches to PoS, will the coin supply be capped (no new Ether will be generated anymore) or will new Ether continue to be generated with each new block as usual? If the former is true, then the price should explode if PoS works as planned, so there are no security problems or similar issues. Or am I missing something?

The Cap issue? Can we all vote about the supply? It will add more trust to the ethereum foundation. However, a price boost will occur because hodler are racing to stake ETH. The first seat was taken, adding some eth in their crypto chamber and watching the final testnet closely. At least,  V2 will eliminate scalability issues.

Your answer puzzles me. So, will there be a limit to the maximum amount of coins (cap of supply) or not?

Ethereum is the father of smart contracts platform it make the its way with unique approach and open the door of opportunities for so many projects to dive in into this space and built their empire on the top of the its blockchain. I believe it will keep continue and take advantage to be the pioneer into this ecosystem.

This might be right, but working an Ethereum also costs a lot of fees. This is often the reason why companies that have previously experimented with Ethereum switch to other platforms. The issues of fees and scalability will determine the success or failure of Ethereum.

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August 02, 2020, 02:52:33 PM
 #24897

When Ethereum switches to PoS, will the coin supply be capped (no new Ether will be generated anymore) or will new Ether continue to be generated with each new block as usual? If the former is true, then the price should explode if PoS works as planned, so there are no security problems or similar issues. Or am I missing something?

The Cap issue? Can we all vote about the supply? It will add more trust to the ethereum foundation. However, a price boost will occur because hodler are racing to stake ETH. The first seat was taken, adding some eth in their crypto chamber and watching the final testnet closely. At least,  V2 will eliminate scalability issues.

Your answer puzzles me. So, will there be a limit to the maximum amount of coins (cap of supply) or not?

Ethereum is the father of smart contracts platform it make the its way with unique approach and open the door of opportunities for so many projects to dive in into this space and built their empire on the top of the its blockchain. I believe it will keep continue and take advantage to be the pioneer into this ecosystem.

This might be right, but working an Ethereum also costs a lot of fees. This is often the reason why companies that have previously experimented with Ethereum switch to other platforms. The issues of fees and scalability will determine the success or failure of Ethereum.

Hope scalability and fees will be fixed someday, i found ethereum the best project ever made. With eth 2.0 fees for transaction should be less i think

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August 03, 2020, 03:21:44 AM
 #24898

Hey guys , its been a while hope your all doing well.
Thought id share this if anyone is into nodes.

If your interested in setting up a Ethereum node just now , you can on ANKR. along with 50+ other projects.
100% recommend anyone interested in nodes they should login to ANKR website for one click node set-up.
Also ANKR is working closely with ETH team to bring ETH2.0 nodes to everyone in a cheap, simple setup and fully decentralized manner.

zil1p38zgdm042jw827krzdq3yrjq6zrxnah6f5f5e
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August 03, 2020, 07:18:40 AM
 #24899

Countdown to ETH 2.0 has now started in about 31 hrs they will release phase 0 of the ETH 2.0 testnet known as Medalla. The genesis time of Medalla is set for 4th Aug 2020 1 pm UTC


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August 03, 2020, 07:26:38 AM
 #24900

Countdown to ETH 2.0 has now started in about 31 hrs they will release phase 0 of the ETH 2.0 testnet known as Medalla. The genesis time of Medalla is set for 4th Aug 2020 1 pm UTC

Yay the hype is really high for this big moment the whole community waiting for this impatiently to become true. I hope this will happen smoothly according to the schedule and this release will push the ongoing altcoins rally to the next level. ETH is leading the altseason this time with DEFI craze.


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