[ANN] Ethereum: Welcome to the Beginning

[safar1980]

🚨 Ethereum miners: Plan for PoW to end in 3-6 months (personal estimation)
If you are a small hobbyist considering mining as an investment, please reconsider!

By trent.eth
@trent_vanepps

source
https://twitter.com/trent_vanepps/status/1460994206223290378

[1715653096]

1715653096

[zasad@]

https://weekinethereumnews.com/
Week in Ethereum News
November 13, 2021

"Multi-client devnet to switch off PoW expected late next week
Discussion of how execution layer clients will identify network upgrade for PoW switch off"
https://twitter.com/TimBeiko/status/1459240133752856577

[r_victory]

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.

Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?

[tbct_mt2]

Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?

You have no choice now.

Accept expensive cost from swap, transaction fee or simply hold those tokens. Wait for any upgrade from Ethereum that can reduce transaction fee on its network very considerably. If your problem is low value of your tokens, and if you swap them, transaction fee will eat up all the value, the best choice is hold them and hope that they will rise up in value as well as transaction fee on Ethereum network will fall down.

Or they will be deployed, bridged to other chains with cheaper transaction fee.

[Mrpumperitis]

Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?

You have no choice now.

Accept expensive cost from swap, transaction fee or simply hold those tokens. Wait for any upgrade from Ethereum that can reduce transaction fee on its network very considerably. If your problem is low value of your tokens, and if you swap them, transaction fee will eat up all the value, the best choice is hold them and hope that they will rise up in value as well as transaction fee on Ethereum network will fall down.

Or they will be deployed, bridged to other chains with cheaper transaction fee.

Ethereums #1 scaling solution goes live today.
🥳🥳🥳🥳🥳
Metisdao mainnet launch is hours away.
👏👏👏👏👏

[dark1234]

Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?

You have no choice now.

Accept expensive cost from swap, transaction fee or simply hold those tokens. Wait for any upgrade from Ethereum that can reduce transaction fee on its network very considerably. If your problem is low value of your tokens, and if you swap them, transaction fee will eat up all the value, the best choice is hold them and hope that they will rise up in value as well as transaction fee on Ethereum network will fall down.

Or they will be deployed, bridged to other chains with cheaper transaction fee.

r_victoryin the same situation as me, some tokens that may remain trash in the wallet because of the high cost of gas which does not match the tokens that will be sold unless there is a price increase.
while deployed, to other alternative chains or networks such as polygons for example with cheaper transaction fees. I don't think it will be possible because most of the tokens stored are old smart contracts

[zasad@]

https://trent.mirror.xyz/82eyq_NXZzzqFmCNXiKJgSdayf6omCW7BgDQIneyPoA
"The Merge
Timeline → 5-8 months

It’s one of the most widely anticipated protocol changes for both Ethereum as well as the broader crypto space. For much of our industry’s existence, PoW and its negative perceptions around energy consumption have dominated popular media. Ethereum will be the largest protocol ever to hot swap its consensus mechanism, and in turn, hopefully change the narrative."

[Mrpumperitis]

https://twitter.com/MetisDAO/status/1462589569359036422
Really nice to see VB and the Metis team having a great time 😍

[zasad@]

Kintsugi Spec v2
https://hackmd.io/@n0ble/kintsugi-spec
"This document defines the version of the Merge specification that is considered to be implemented for Kintsugi🍵 – the Merge sprint for November 2021 – and provides additional guidance to client developers."

Announcing Grants for Advocacy Non-Profits
https://blog.ethereum.org/2021/11/16/advocacy-grants/

[Daltonik]

Since the activation of the London update on the Ethereum network, the protocol has withdrawn more than 1 million ETH from circulation, at a cost of more than $ 4.2 billion.

[onecall123]

Since the activation of the London update on the Ethereum network, the protocol has withdrawn more than 1 million ETH from circulation, at a cost of more than $ 4.2 billion.

That's a great achievement.

Over one million Ethereums were burned in last 111 days. Ether has become deflationary because of the London hard fork upgrade implemented by the Ethereum network. With today's exchange rate, more than $ 3.8 billion worth of ethereum has been burnt since then.

[Inagame]

Do you know that JP Morgan purchased Infura with ConsenSys and that is why they are saing it is better investment tha Bitcoin?

[Bohdan820]

Vitalik Buterin proposed a method to reduce the cost of transactions in L2 for Ethereum

Rollups are in the short and medium term, and possibly the long term, the only trustless scaling solution for Ethereum. Transaction fees on L1 have been very high for months and there is greater urgency in doing anything required to help facilitate an ecosystem-wide move to rollups. Rollups are already significantly reducing fees for many Ethereum users: l2fees.info frequently shows Optimism and Arbitrum providing fees that are ~3-8x lower than the Ethereum base layer itself, and ZK rollups, which have better data compression and can avoid including signatures, have fees ~40-100x lower than the base layer.

- Optimistic and ZK rollups under sharding
- Who would store historical data under sharding?

https://notes.ethereum.org/@vbuterin/data_sharding_roadmap

[becoin]

Do you know that JP Morgan purchased Infura with ConsenSys and that is why they are saing it is better investment tha Bitcoin?

J.P. Morgan, Mastercard and UBS AG have bought the only fully fledged ETH node.
What might go wrong?
Feel pity for all the ETH maximalists and VB fanatics!

[zasad@]

https://blog.ethereum.org/2021/11/22/finalized-no-32/
Kintsugi🍵 in progress – testnet to come
Stakers must upgrade for Arrow Glacier

At the start of November, the Kintsugi🍵 month-long Merge sprint began! Kintsugi specs and milestones/plans were released, and now client teams are deep into the sprint with an aim to launch a persistent testnet in the first week of December.
https://notes.ethereum.org/@djrtwo/kintsugi-milestones

[ivomm]

Gary Gensler: “In my opinion, Ethereum passed the Howey Test and that means that it would be considered a security.”
https://twitter.com/BTCGandalf/status/1466159935843094531

------------

If SEC declares ETH as a security, US exchanges (Coinbase, Kraken and others) will have to delist it, since it is not a registered security which must be traded on regulated exchanges. And the switch to POS will only worsen SEC's attitude.

[gageproject]

Gary Gensler: “In my opinion, Ethereum passed the Howey Test and that means that it would be considered a security.”
https://twitter.com/BTCGandalf/status/1466159935843094531

------------

If SEC declares ETH as a security, US exchanges (Coinbase, Kraken and others) will have to delist it, since it is not a registered security which must be traded on regulated exchanges. And the switch to POS will only worsen SEC's attitude.

Of course, but ETH does not stand on it's own here. Almost every ICO passes the Howey Test if you follow the logic of Gensler in that video.

I do not disagree, but I don't think ETH realistic to think that regulators will make a move on the foundation or ETH exchange listings, whatever happens, the rules are updated after it happened.

[r_victory]

Major derivatives marketplace Chicago Mercantile Exchange Group has expanded its crypto offerings to include a micro Ether futures product. The CME Group said it had launched a micro Ether (ETH) futures contract sized at 0.1 ETH, giving institutional and individual traders another product for Ether exposure.

Read the full article!

[safar1980]

On December 9th, the Polygon team will join us to discuss the current state and future of zk-STARKs and applications of Zero Knowledge proofs.
Vitalik Buterin will participate in this event.
https://polygonzk.ethglobal.com/

[zasad@]

https://twitter.com/VitalikButerin/status/1466411377107558402

vitalik.eth(C)
"Here's an updated roadmap diagram for where Ethereum protocol development is at and what's coming in what order.
(I'm sure this is missing a lot, as all diagrams are, but it covers a lot of the important stuff!)"


Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0
https://cointelegraph.com/news/vitalik-buterin-outlines-endgame-roadmap-for-eth-2-0