[ANN] Ethereum: Welcome to the Beginning

[dragonvslinux]

At this rate if the end of year December 2020 price was around $500 would you say that was a positive step or an underachieving step?

What do you think is the real fuel for our Ethereum rocket? And how high can it fly? Will we be able to see $ 1,000 in August?

Nope $1000 ($1.4K even) is way too far for now. Till August, I am expecting the price to be around 340-350 because this is just a testnet news but November could be a different game if they stick to their schedule this time.

Agreed, $1000 is a long way away, that's the current attraction. The fact that Bitcoin is closer to $20K than $0K is less of an attraction right now.
Quick maths, year on year returns against USD:
ETH: 51%
BTC: 16%
Nuff said!

When Flippening tho?

2022, temporarily, before "the reversal". Ie, the bear market where BTC returns to the no.1 spot, obvs.

[ostrogoto2012]

I do expect 400 dollars in august all depends the price of btc, minereum too should start to make better price next month i hope too!

[Sy]

I do expect 400 dollars in august all depends the price of btc, minereum too should start to make better price next month i hope too!

I really hope you are right about 400 bucks but, it looks a bit tough to reach right now because BTC is kinda holding altcoins hostage right now lol. It really hard to predict which way BTC is going to move.

[shinratensei_]

What do you think is the real fuel for our Ethereum rocket? And how high can it fly? Will we be able to see $ 1,000 in August?

Nope $1000 is way too far for now. Till August, I am expecting the price to be around 340-350 because this is just a testnet news but November could be a different game if they stick to their schedule this time.

There should be a correction before ethereum can reach such rate and it looks like the progress is not so good as what already predicted before https://medalla.launchpad.ethereum.org/
Any phase of serenity update will always be a game-changer

[dishku]

When Flippening tho?

Never be realistic centralized projects are not competitors of BTC so it will keep continue as altcoin as like its fate. No one has structure like BTC which make it superior and the king of this world. But ETH is one of most important project into the cyptocurrency ecosystem.

[benthach]

hey everyone how is that $1000 ETH going?

it's going!

[Sy]

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

[dishku]

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

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.

[zasad@]

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

Historical moment The validators are almost complete. The price should rise, because some of the coins will go to the ETH 2.0 network, and some of the coins will be placed in DEFI projects.

[zz9w9z]

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.

[hd49728]

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

[piebeyb]

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 

[Sy]

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.

[JollyGood]

hey everyone how is that $1000 ETH going?

Give it some time it will get there 
 

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.

[zz9w9z]

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
https://ethgasstation.info/

[tyz]

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?

[lucky80]

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.

[August.M]

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?

[omnipotence]

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!!!!

[zasad@]

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."