[ANN] Ethereum: Welcome to the Beginning

[zasad@]

https://blog.clr.fund/350k-eth-staking-qf-round/
"$350k ETH Staking QF Round
TL;DR - Backed by the Ethereum Foundation, clr.fund and ETHStaker have teamed up to run a Quadratic Funding (QF) round with a 350,000 DAI matching pool dedicated to funding open source public goods for the Ethereum staking ecosystem."

Ethereum Foundation report april 2022
https://ethereum.foundation/report-2022-04.pdf

Ethereum Beacon Chain Deposits
https://dune.com/hildobby/ETH2-Deposits

[1714948105]

1714948105

[1714948105]

1714948105

[JollyGood]

SPAM

ERC721 - A plague upon it when thieves cannot be true one to another!

Craig S Wright Chief Scientist at nChain and inventor of Bitcoin and over 1000 other things
21 apr. 2022

ERC-721
           The Ethereum token standard for NFT’s ERC-721 was first filed as a concept by the ethereum team in September 2017. This date is interesting because, like many other so-called new inventions in this industry, it is within 4 to 6 weeks of several nChain patents being published. GB2561465B was granted only a few months ago, but it was first filed in February 2016. The invention was made public in August 2017 when the filing was initially published.

  ERC 721 was started then created 6 weeks after the nChain patents became publicly known.We filed in Feb 2016. We use the 18 month secrecy period. Then, these papers become publicly known and available.6 weeks later, ETH has a system that uses my invention.

           The invention encompasses much more than merely the pitiful use in making board apes. It was also filed in conjunction with EP3295362B1 (also granted), EP3295349B1, EP3295350B1 (granted) and multiple other patent ideas.

           These patents cover concepts that are incorporated in the claim such as the following:

1.     A computer system for verifying integrity of a computer software for installation using a distributed hash table and a peer-to-peer distributed ledger, the system comprising a processing device associated with a node on a peer-to-peer network of nodes, configured to:

determine a metadata (M) associated with a transaction record stored on the peer-to-peer distributed ledger;

determine an indication of the location of an entry on the distributed hash table from the metadata (M);

determine a third hash value (H3) based on the computer software;

determine a fourth hash value (H4) from the entry on the distributed hash table;

compare the third hash value (H3) and the fourth hash value (H4); and

verify the integrity of the computer software based on the compare of the third hash value (H3) and the fourth hash value (H4).

And

1.     A computer-implemented method of verifying integrity of a computer software for installation using a distributed hash table and a peer-to-peer distributed ledger, the method comprising:

determining a metadata (M) associated with a transaction record stored on the peer-to-peer distributed ledger;

determining an indication of an entry stored on the distributed hash table from the metadata (M);

determining a third hash value (H3) based on the computer software;

determining a fourth hash value (H4) from the entry on the distributed hash table;

comparing the third hash value (H3) and the fourth hash value (H4); and

verifying the integrity of the computer software based on the comparing of the third hash value (H3) and the fourth hash value (H4).

And

“The present disclosure relates to security, control and verification methods for ensuring and maintaining the integrity of a digital asset. The invention is particularly suited for verifying the ownership and/or integrity of an item of computer software. This may comprise using a distributed hash table and a peer-to-peer distributed ledger (blockchain)”.

The range of the invention and the scope of the patents far exceeds anything people do in the NFT world. It includes digital bonds, financial instruments, IoT control systems, authentication systems and much more. Basically, everything that you currently hear about in the so-called Cryptocurrency industry is not even one percent of the scope of my inventions. So, for those of you using ethereum and other platforms.., You may wish to re-evaluate; it won’t be just gas fees. The claim that you don’t need to pay fees because it’s on an MIT licence is erroneous. MIT doesn’t include patent protection.

When I launched bitcoin, I chose MIT licensing for a reason. Software that involves cryptographic components needs to be verified, and this requires open-source code publication. However, an MIT licence does not preclude the use of patented material. Unfortunately for those who use ethereum, many people take my ideas and think they can implement them with impunity. In 2017, I spoke about some of these concepts before ethereum decided to steal them.

Back then, patents were only pending, and you cannot take action for a pending patent.

Now, a proceeding to grant. Welcome to the future.

There is a solution, nChain has implemented a patent pool. As a result, small start-ups will be able to trial ideas without cost. It is only those large silicon valley companies and pseudo-companies like ethereum that think they don’t need to follow law or property rights that are going to find life more difficult.

He that is robbed, not wanting what is stolen, him not know t, and he's not robbed at all. William Shakespeare.

source https://www.linkedin.com/pulse/erc721-plague-upon-when-thieves-cannot-true-one-another-wright?trk=public_profile_article_view

read https://uk.linkedin.com/in/craigswright?trk=pulse-article_main-author-card

[r_victory]

From Friday to Sunday, seats in the coworking will be extra limited since we will be sharing BVB with the awesome @ETHGlobal for the EthAmsterdam Hackathon!

https://twitter.com/EFDevconnect/status/1517117193367871488

[pulseLN]

Did you guys hear about the full state fork of Ethereum launching next month called PulseChain?
All the tokens, contracts, etc are being copied it seems.

[zasad@]

https://www.coindesk.com/tech/2022/04/20/ethereum-defi-staple-makerdao-adds-starknet-bridge-in-first-step-toward-multi-chain/
"Ethereum DeFi Staple MakerDAO Adds StarkNet Bridge in First Step Toward Multi-Chain
Rebuilding Maker on StarkNet involves four phases, starting with a simple bridge that goes live on April 28.
Pioneering cryptocurrency lending and stablecoin platform MakerDAO is addressing the cost and congestion of its native Ethereum environment by bridging to a cheaper, faster overlay network in the form of StarkNet, the zero-knowledge (ZK) side chain built by StarkWare."

DAI decentralized token is issued by MakerDAO
https://www.coingecko.com/en/coins/dai

[Kavelj22]

Did you guys hear about the full state fork of Ethereum launching next month called PulseChain?
All the tokens, contracts, etc are being copied it seems.

Recently heard about it. It's a forked network developped in top of ethereum as i understood. The network will be accessible using the known wallets by changing the network like we move to binance smart chain and polygon.

Every Eth user will have a copy of his ERC20 tokens in the new chain. Considering it as the biggest airdrop, the PulsrChain is promoted by those excited to get free tokens.

[truestorybro]

https://blogs.opera.com/crypto/2022/01/opera-crypto-browser-project-web3/
Google Searches for ‘Ethereum Merge’ Have Hit an All-Time High
Canadians, Australians, and Singaporeans were the most curious to know about Ethereum’s imminent upgrade.

https://decrypt.co/95574/nearly-6-billion-eth-burned-ethereum-2-0-edges-closer
Nearly $6 Billion in ETH Burned as Ethereum 2.0 Edges Closer
The second-largest cryptocurrency, Ethereum, has officially destroyed more than 2 million ETH via a burn mechanism introduced last year.

https://thedailygwei.substack.com/p/evenly-distributed-the-daily-gwei?
Anthony Sassano(C)
"I could write a lot more about this topic but I’ll digress for today’s piece - hopefully I’ve been able to get you all thinking a bit more about layer 1 token distributions - especially around PoS-first networks. Obviously ETH’s distribution is far from perfect, but I think it is much, much better than other networks that start off as PoS from day 1 and basically become a perpetual insiders game - we’re very lucky to have had such a long PoW phase for Ethereum."

What the fuck am I reading?

Ethereum premine was 72 000 000 coins, done by company that was literally deleted right after giving out the coins, meaning there is no trackrecord of anything. 69million could literally be in dev team pocket. Vitalik personally has 500 000 coins atleast. And officially the dev team had 12 000 000 coins, which can all be seen in genesisblock transaction from explorer.

This is still 61% of entire coin supply - miners have literally mined less coins in all these years, and now they are even burning ETH.

[zasad@]

https://blogs.opera.com/crypto/2022/01/opera-crypto-browser-project-web3/
Google Searches for ‘Ethereum Merge’ Have Hit an All-Time High
Canadians, Australians, and Singaporeans were the most curious to know about Ethereum’s imminent upgrade.

https://decrypt.co/95574/nearly-6-billion-eth-burned-ethereum-2-0-edges-closer
Nearly $6 Billion in ETH Burned as Ethereum 2.0 Edges Closer
The second-largest cryptocurrency, Ethereum, has officially destroyed more than 2 million ETH via a burn mechanism introduced last year.

https://thedailygwei.substack.com/p/evenly-distributed-the-daily-gwei?
Anthony Sassano(C)
"I could write a lot more about this topic but I’ll digress for today’s piece - hopefully I’ve been able to get you all thinking a bit more about layer 1 token distributions - especially around PoS-first networks. Obviously ETH’s distribution is far from perfect, but I think it is much, much better than other networks that start off as PoS from day 1 and basically become a perpetual insiders game - we’re very lucky to have had such a long PoW phase for Ethereum."

What the fuck am I reading?

Ethereum premine was 72 000 000 coins, done by company that was literally deleted right after giving out the coins, meaning there is no trackrecord of anything. 69million could literally be in dev team pocket. Vitalik personally has 500 000 coins atleast. And officially the dev team had 12 000 000 coins, which can all be seen in genesisblock transaction from explorer.

This is still 61% of entire coin supply - miners have literally mined less coins in all these years, and now they are even burning ETH.

Vitalik Buterin's wallets
https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b
https://etherscan.io/address/0x1db3439a222c519ab44bb1144fc28167b4fa6ee6
Show Vitalik's wallet containing 500,000 Ethereum
Do you think Solana or Tron are doing better with the initial emission?

[ololajulo]

It will take solana to have the consistence and community with big money like ethereum to get close to it. Over time with more cycles solana will have strong institutional investors that are long term and I hope they can bring unprecedented development and use cases to maintain the hype. ETH is doing enough to control the mistake from the tokenomics

[zasad@]

It will take solana to have the consistence and community with big money like ethereum to get close to it. Over time with more cycles solana will have strong institutional investors that are long term and I hope they can bring unprecedented development and use cases to maintain the hype. ETH is doing enough to control the mistake from the tokenomics

https://pro.nansen.ai/eth2-deposit-contract
Unique Validators 377k

https://solanabeach.io/validators
Validators 1,750

https://stakers.info/
Solana has a much worse situation with decentralization, but if you look at other competitors, then when compared with them, Solana is not in the last place.

[safar1980]

The Compromises and Benefits of Ethereum switching to a Proof of Stake network
What are some main risks of Ethereum 2.0?
A main risk of Ethereum 2.0 is that Proof of Stake (PoS) does not work as hoped. Unlike Proof of Work (PoW), PoS has not yet been proven to work at significant scale and its vastly increased complexity compared to PoW creates a much larger surface area for unintended behavior (bugs) and attacks
source
https://coinshares.com/research/compromises-and-benefits-ethereum-proof-of-stake-network

[Texacha]

What are some main risks of Ethereum 2.0?
A main risk of Ethereum 2.0 is that Proof of Stake (PoS) does not work as hoped.

I think this is obv.

[safar1980]

Smart money is accumulating ETH even as traders warn of a drop to $2.4K
Short-term analysis sets a $2,400 price target for ETH, but data shows smart money continues to accumulate in anticipation of the Merge.
https://cointelegraph.com/news/smart-money-is-accumulating-ethereum-even-as-traders-warn-of-a-drop-to-2-4k

[zasad@]

https://optimism.mirror.xyz/ND1czJOoJYyUQrnFtRmEYDiAiSvnvXqyq58ANJc2Nig
"Over the coming weeks, we’ll be publishing more details on how we plan to scale a sustainable future for the Optimism Collective—starting today with OP Stimpack, the first formal action of the Token House."

https://twitter.com/evan_van_ness/status/1520214112264990725
"The next mainnet shadow fork to #TestTheMerge is scheduled for May 5"

[safar1980]

The earnings of miners working on the Ethereum (ETH) network have risen sharply in recent days and reached a new all-time high. In just one day, the miners of the ETH cryptocurrency were able to earn 95,182 ETH. 85.9% of this amount came from commission revenue.
https://www.worldstockmarket.net/in-just-a-day-ethereum-miners-were-able-to-earn-almost-100000-eth/

[zasad@]

https://hackmd.io/@benjaminion/eth2_news/https%3A%2F%2Fhackmd.io%2F%40benjaminion%2Fwnie2_220506
"
So far, testing the merge seems to be going ok (see below). And latest analyses suggest that we have until mid/late August until the bomb becomes a serious issue for Ethereum, with average block times rising to perhaps 20 seconds.
..
Bottom line is that things are sufficiently encouraging that we are planning towards Merging three of the existing Ethereum testnets during June: Ropsten, Sepolia, and Goerli."

[FP91G]

Mainnet-Shadow-Fork-4 looks perfect! All clients went through the transition without a hitch. Only erigon missing (unrelated sync issues, we'll know in a bit if its synced to head as expected)
We finalized and just keep chugging!
#TestingTheMerge
Source: https://twitter.com/parithosh_j/status/1524767841773363200

[r_victory]

@clrfund and @ethStaker are running a 350k $DAI quadratic funding round dedicated to our staking ecosystem.

This round protects against attacks using @PrivacyScaling's MACI & @BrightIDProject.

See the list of projects: https://qf.ethstaker.cc/#/projects

[LoyceV]

At the risk of asking a very dumb question: Can someone explain to me how balances are added up in Ethereum?
Take this address on Blockchair.com for example. I would explect to add the IN values and subtract the OUT values, but if I do that, I end up negative. Starting at the bottom:
Value: 14.76460117-0.25549460792244-4.7008466996913-2.418450506546063-3.862402665130086-3.985543928631006=-0.45813723792

What am I missing here?

[Super Protocol]

there is nothing that ethereum can do with gas costs still expensive so far and eth2.0 which is predicted to cut expensive costs and speed up transactions, there is currently no realization when it will start rolling out.
we are not sure whether eth2.0 will be able to cut costs and speed up transactions, because so far it is only based on their reports.
As long as costs haven't been cut, the clear beneficiary is BSC, Solana, Polygon, but the one who wins is BSC because it's supported by a good exchange.
we will wait very soon for eth2.0 to be launched soon so there will be many alternatives available and exhilarating crypto.