[ANN] Ethereum: Welcome to the Beginning

[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.

[zasad@]

An interesting story with links to transactions like Vitalik Buterin dumped the Shiba Inu and Akita Inu token markets
https://bitcointalk.org/index.php?topic=5337050.0
End of memecoin season by Vitalik Buterin or not?
This will probably be one of the big meme events this year.

[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

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.

Last year we still at 10-20 GWEI as gas transaction fee.
We need them to decrease if we expect ETH smart contract to grow a bit more.
Atleast 10M to 30M transaction per day

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

Yeah,  i am sorry for them 

[onecall123]

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

ETH has very high gas fees and I wondering how long it will take to come down. The time line for the official EIP1559 rollout next July 2021. Though EIP1559 is not even forecast to have a lot of an impact on fees.

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

Ether is already on a ride and ETH will be more and more expensive. First ETH will test $4200, passes that then we in for a takeoff. So, $4500 ETH by tomorrow?

[zasad@]

EIP3554: difficulty bomb delay
https://github.com/ethereum/EIPs/blob/909863b2938b5f8ae38d42c8b6442e599d7605a4/EIPS/eip-3554.md
"Difficulty Bomb Delay to December 1st 2021

Motivation
Targeting for the Shanghai upgrde and/or the Merge to occur before Decemember 2021. Either the bomb can be readjusted at that time, or removed all together."

Ethereum is in a hurry to change the algorithm