[ANN] Ethereum: Welcome to the Beginning

[JollyGood]

I think I read in an interview he mentioned he personally did not have many ETH and the Ethereum Foundation also did not have many left. He is not a USD$ billionaire.

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.

[bubbalex]

⧫ Ethereum Overview - April, 2021

Ethereum — is top 2 cryptocurrency and an open-source, blockchain-based, decentralized software platform. It enables Smart Contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party.

[redwine49]

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

Where did you get that information? As far as i know ethereum don't have burn function unless someone who own some ETH losses the key.

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

Ya, it's possible. My way to see ethereum is overpriced based on ETH/BTC.
We are currently sit at 0.06 BTC and ​still half way to reach the last ATH

[zasad@]

https://twitter.com/protolambda/status/1388093072936951811
"About 30 min from now we're launching a super experimental Eth1-Eth2 post-merge testnetwork!

A week ago we had a tutorial for a 2 client demo. Now we've 7 clients on a live network. The Steklo devnet will be fragile like glass, but a big step for testing the Merge! "

https://github.com/protolambda/mergenet-tutorial

[Kavelj22]

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

What is Burn Coin? Is it related to the proposition of using the transaction fees to buy Eth from the market and burn it according to this article, however it seems so strange as the proposition can be just burning the fees themselves which are in eth.

From what i heard lately from here and there, community is just waiting for the next update Eth2.0 and probably a hard fork.

[MoneyJ]

Uniswap v3 was recently launched on the mainnet and added NFT functionality meaning another killer app will rule Ethereum domain. Where else ethereum will be heading? So excited on this.

[becoin]

Where else ethereum will be heading? So excited on this.

Sometimes I'm also exited looking at children making a castle of sand. A lot of imagination based on... sand.

[Dron Pelya]

Uniswap v3 was recently launched on the mainnet and added NFT functionality meaning another killer app will rule Ethereum domain. Where else ethereum will be heading? So excited on this.

Yes, how many times we have heard about ETH death? How many there were projects called "ETH-killers"? But it is still demanded, and I think it will be the same in near future.

[budlo]

Uniswap v3 was recently launched on the mainnet and added NFT functionality meaning another killer app will rule Ethereum domain. Where else ethereum will be heading? So excited on this.

Yes, how many times we have heard about ETH death? How many there were projects called "ETH-killers"? But it is still demanded, and I think it will be the same in near future.

I completely agree with you. There is currently no alternative to ETH. All the killers haven't come up with anything fundamentally new yet. The ETH has the best decentralization in the market, a high pro level of the community and developers. Of course, there are problems, but they will soon be solved.

[MoneyJ]

Gas Fee has skyrocketed in past days . Due to rise of DeFi usecases. Now uniswap version  3 is live on the mainnet would further boost this price .
But be cautious. Ethereum network got slower and dont know how implementing 2.0 layer 2 scaling will be effective.

[temple]

I think I read in an interview he mentioned he personally did not have many ETH and the Ethereum Foundation also did not have many left. He is not a USD$ billionaire.

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.

I am not so sure whether he is not a USD billionaire by now. I remember the interview and he sold a good amount of his ETH quite early already, but there isa good chance he bought back in. Also he is probably sitting on a ton of tokens.

[JollyGood]

ETH has broken the $4000 barrier and it is getting stronger and stronger. Now trading at $4128 according to CMC

Uniswap v3 was recently launched on the mainnet and added NFT functionality meaning another killer app will rule Ethereum domain. Where else ethereum will be heading? So excited on this.

Yes, how many times we have heard about ETH death? How many there were projects called "ETH-killers"? But it is still demanded, and I think it will be the same in near future.

I completely agree with you. There is currently no alternative to ETH. All the killers haven't come up with anything fundamentally new yet. The ETH has the best decentralization in the market, a high pro level of the community and developers. Of course, there are problems, but they will soon be solved.

[Daltonik]

After breaking the $4,000 mark, Ethereum's market capitalization has grown to nearly $478 billion, meaning it is on track to surpass JPMorgan Chase. The largest U.S. bank is currently worth $488 billion after Friday's close.

[Peer-Sil]

What do you think is the price till end of the week? 

Is there a date when the proof of stake alt. will be released?

[redwine49]

What do you think is the price till end of the week?  

Is there a date when the proof of stake alt. will be released?

We are waiting for it. I love to see when ETH gas fee back to 6-16 GWEI.
I do not know when they ready to lauch ETH 2.0 . I still can wait until the end of this year

[ivomm]

The earliest possible date for the full POS switch is Q2 in 2022. As for the gas decrease, the July HF can help a bit but I'm not sure. The information I have is that the only thing that will change is instead of going to the miners, the gas will be burned. In other words, it is devised only as miners punishment, not related to the way smart contracts are executed. Nor this is related to the generation of new eth as many wrongly think. The gas is not a block reward, it is an additional payment from the smart contract makers/takers and transaction fees. I really don't see why is this hostility from the devs against the miners, since eth is what it is mainly because of the miners. If they didn't support the project especially in the early years, eth would have been long forgotten.

[becoin]

really don't see why is this hostility from the devs against the miners, since eth is what it is mainly because of the miners.

Isn't this obvious? Miners sell eth they mine for bitcoins. If they are not allowed to do that there will be nobody mining eth. Something eth devs don't comprehend. Simple as that!

[Termie]

after switch to PoS, ETH miners are history, or maybe they can switch to ETH Classic :p

[Mrpumperitis]

Something every ETH hodler, Dev and user should have a look at....

https://medium.com/dfinity/how-ethereum-could-be-supercharged-by-the-internet-computer-network-afc513bf15e1

The Internet Computer works differently than traditional blockchains, and this enables Ethereum developers to incorporate its capabilities into their dapps with relative ease. For example, whereas Ethereum requires users to submit some amount of ETH with every transaction to pay for the gas that fuels the computation resulting from smart contract code being invoked, on the Internet Computer canisters (a form of smart contracts) are pre-charged with “cycles” (the equivalent of gas) and pay for computation themselves.

and much more...
What may surprise you, is that there is work ongoing at the DFINITY Foundation involving advanced cryptography that will allow canister code running on the Internet Computer to securely create and sign Ethereum and Bitcoin transactions.


Each canister can maintain up to 4GB of memory pages. But if that is insufficient, a system can be composed of any number of interacting canisters, such that there is no upper bound on the total quantity of data that they can maintain.

[Lunar Crank]

What do you think is the price till end of the week?  

Is there a date when the proof of stake alt. will be released?

We are waiting for it. I love to see when ETH gas fee back to 6-16 GWEI.
I do not know when they ready to lauch ETH 2.0 . I still can wait until the end of this year

I can't even remember when Gwei was so low. And I'm not sure that we will see it again.

Anyway, I expect futher increasing of ETH price. And current decreasing I used for buying ETH cheaper then it was.