[ANN] Ethereum: Welcome to the Beginning

[zasad@]

Last news
https://hackmd.io/@benjaminion/eth2_news/https%3A%2F%2Fhackmd.io%2F%40benjaminion%2Fwnie2_211022

"The Altair upgrade takes place on Wednesday 27th October at 10:56:23 UTC

The Merge
We’re all safely back from the Merge Workshop. My ConsenSys homies did a nice write-up of the event, and there’s a write-up from the Ethereum Foundation too.

Coming out of the workshop is the Pithos testnet which is running nicely with various combinations of Eth1 (execution) and Eth2 (consensus) clients. In case you are wondering, a Pithos is another kind of Greek earthenware jar, much like an Amphora, I guess."

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[Ems.]

More learning Ethereum and understanding ,like me as a begginner need more understanding,analyzing how to use ,contribute,share and control to use it,more reading a lot make wise better as a begginer.GOODLUCK TO EVERYONE. 

[Easteregg69]

More learning Ethereum and understanding ,like me as a begginner need more understanding,analyzing how to use ,contribute,share and control to use it,more reading a lot make wise better as a begginer.GOODLUCK TO EVERYONE. 

It's spoiled kids garbage. Stay of.

[zasad@]

https://hackmd.io/@timbeiko/acd/https%3A%2F%2Ftim.mirror.xyz%2FsR23jU02we6zXRgsF_oTUkttL83S3vyn05vJWnnp-Lc
AllCoreDevs Update 007 ⛓
Tim Beiko
21 hours ago
90% Merge, 10% Bomb
"As promised in the previous update, this one will cover the post-merge Ethereum client architecture in depth. With the progress made during the Amphora Interop event, the specification is now close to final

Before we dive into The Merge, though, a short update on the difficulty bomb!"

[Inagame]

Ethereum fees are so high now that it makes Uniswap and all other dex unusable, so I understand why people are making layer2 but we don't need 100 projects making layers.
Now Metis and what is next? Testicles maybe

[Mrpumperitis]

Ethereum fees are so high now that it makes Uniswap and all other dex unusable, so I understand why people are making layer2 but we don't need 100 projects making layers.
Now Metis and what is next? Testicles maybe

https://forkast.news/vitalik-buterin-layer-2-future-of-ethereum-scaling/
Layer 2 solutions that have been launched include Polygon Hermez, Loopring, ZKSync, Optimism and Arbitrum One. The current cost to transfer ETH on Polygon Hermez is US$0.25 compared to US$6.84 for Ethereum, Buterin said.

https://cointelegraph.com/news/vitalik-proposes-solution-to-link-certain-layer-two-scaling-projects
The proposal outlines how two protocols using rollups can communicate with each other while maintaining interconnectivity and composability.


Metisdao will be a huge part of ETH, the team behind it is amazing....and no one here knows anything about Metisdao.. .but soon everyone will.
1-sec/few-cent tx, cheap/native data storage, NOCODE integration, Web3 economy hub.

[Daltonik]

CME Group will release Ethereum-based micro futures, trading in new derivatives will begin on December 6. Each contract will be a tenth of ETH, micro futures will be settlement, not assuming the delivery of a physical asset.

https://www.prnewswire.com/news-releases/cme-group-to-launch-micro-ether-futures-on-december-6-301413843.html

[zasad@]

New eip-4396 for Proof-of-Stake algorithm
https://github.com/ethereum/EIPs/blob/186f930697148e0eb2b526d9f16b06bf2e4ae605/EIPS/eip-4396.md
https://github.com/ethereum/EIPs/pull/4396
Accounts for block time in the base fee calculation to target a stable throughput by time instead of by block.
"This EIP proposes accounting for time between blocks in the base fee calculation to target a stable throughput by time, instead of by block. Aiming to minimize changes to the calculation, it only introduces a variable block gas target proportional to the block time. The EIP can, in principle, be applied to either a Proof-of-Work or a Proof-of-Stake chain, however the security implications for the Proof-of-Work case remain unexplored."

[Mrpumperitis]

https://www.youtube.com/watch?v=01WRqBVpXK0&t=2s
Vitalik Buterin: The Crypto Genius Behind Ethereum
4 Nov 2021


Metis team at 6min

[gembitz]

ETC is the real ethereum (((NFT pirates inkoming)))) * weeeeeee

[Dron Pelya]

Ethereum fees are so high now that it makes Uniswap and all other dex unusable, so I understand why people are making layer2 but we don't need 100 projects making layers.
Now Metis and what is next? Testicles maybe

Layer2 is really neccessary. If we get low gas fee and fast transaction, it will give ETH new impulse for development. But in order to realize all things they have eplanned, they need to build powerfull ecesystem (of corse, it shouldn't include 100 projects).

[Mrpumperitis]

Ethereum fees are so high now that it makes Uniswap and all other dex unusable, so I understand why people are making layer2 but we don't need 100 projects making layers.
Now Metis and what is next? Testicles maybe

Layer2 is really neccessary. If we get low gas fee and fast transaction, it will give ETH new impulse for development. But in order to realize all things they have eplanned, they need to build powerfull ecesystem (of corse, it shouldn't include 100 projects).

Yea...
VISA and Mastercard will be using a few chains for USDC by end of the year which include,
SOL, ALGO, Matic and ETH.
I was always curious how VISA could use ETH1 being slow,expensive and with low throughput...
assuming they would use SOL and the others until ETH2 was ready....but why would they use Matic?

I began studying layer 2 ETH tech...and its awesome, it brings ETH1 to the next gen...high throughput,low fees ,near instant send.

i believe we will be seeing USDC and many other stablecoins appearing on Metis (its more than 10x cheaper than Matic and more through/faster)
100% confident VISA/Mastercard will be using Metis for USDC soon aswell.

[zasad@]

Vitalik announced Zk-SNARK
"An introduction to some of the cryptographic techniques used in Halo (going into #Zcash) and other recent protocols. No pairings, no trusted setups!"
https://twitter.com/VitalikButerin/status/1456586317010198528
https://vitalik.ca/general/2021/11/05/halo.html


Zk-SNARKs: Under the Hood
https://vitalik.ca/general/2017/02/01/zk_snarks.html

[safar1980]

New gminer

https://t.me/NewsSoleniy/7396
hashrate is unlocked by 90%

[zasad@]

https://blog.ethereum.org/2021/11/10/arrow-glacier-announcement/
Arrow Glacier Upgrade Announcement
Posted by Tim Beiko on November 10, 2021
"The Ethereum network will be undergoing a scheduled upgrade at block number 13,773,000, which is predicted to occur on Wednesday, December 8, 2021. The exact date is subject to change due to variable block times and timezones. Please upgrade your node before Wednesday, December 5, 2021 to account for the variable block times."

[Majormax]

https://blog.ethereum.org/2021/11/10/arrow-glacier-announcement/
Arrow Glacier Upgrade Announcement
Posted by Tim Beiko on November 10, 2021
"The Ethereum network will be undergoing a scheduled upgrade at block number 13,773,000, which is predicted to occur on Wednesday, December 8, 2021. The exact date is subject to change due to variable block times and timezones. Please upgrade your node before Wednesday, December 5, 2021 to account for the variable block times."

A lot of upgrades are scheduled for the next year or so.  Possibly the institutional interest in ETH may be holding back until Fees/Scaling issues are solved, and glitches in that process (which are perceived as inevitable) are ironed-out.

[r_victory]

Is there any possibility that the fees will decrease after this upgrade? Since the intention is always to improve the system and I believe this is something that lately has been bothering many who use the Ethereum network and made a good part migrate to other blockchains.

[Inagame]

Get ready for big dump from ethereum foundation with 20,000 ETH sent to Kraken exchange.
That is what you get when you premine 70% of supply

[onecall123]

Is there any possibility that the fees will decrease after this upgrade? Since the intention is always to improve the system and I believe this is something that lately has been bothering many who use the Ethereum network and made a good part migrate to other blockchains.

As the ETH network demand reaches all time highs, gas fees cannot be expected to decrease any time soon. Even though system improvements are happening and will continue, there is no guarantee they will meet our expectations. Yet, ETH will soon experience the law of supply and demand, resulting in a price increase. This will result in even higher gas prices. Fortunately, we have the option of migrating to another blockchain.

[zasad@]

Vitalik shared his thoughts on crypto cities and how blockchain can be used to manage the economy of these cities.
https://vitalik.ca/general/2021/10/31/cities.html
"Blockchains can be very useful in both the more incremental and more radical ideas that were proposed here, even despite the inherently "trusted" nature of a city government."