[ANN] Ethereum: Welcome to the Beginning

[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.

[zasad@]

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?

This is not bitcoin 

https://etherscan.io/address/0x8c81c1b4e1aa9cc0fd5b2d85be35ff11a0d65ea2

Ethereum still has internaltx
https://etherscan.io/address/0x8c81c1b4e1aa9cc0fd5b2d85be35ff11a0d65ea2#internaltx

https://support.bitpay.com/hc/en-us/articles/360050782511-What-are-Eth-Internal-Transactions-
"!What are internal transactions?
Simply put, internal transactions are transactions between contracts.

Internal transactions, despite the name, are not actual transactions. When two smart contracts "interact,'' the product or consequence of this interaction is a transaction. However, that transaction does not exist on the ETH blockchain. They are value transfers that were initiated by executing a smart contract (smart contract Ether or token transfer). They are like a byproduct of smart contract functionality. "

[FP91G]

Approximate day of difficulty bomb start

"Some new charts. Back in December, I was asked to predict 15-second blocks by mid-June. Impossible to be certain, but I wouldn’t be surprised if this were the case.
The red line is June 15.
The dashed red lines are the last time we were at the same period in each of the previous forks. Much higher hash rates now has tamped down the effect, but that won’t last forever."

Source:  https://ethresear.ch/t/blocks-per-week-as-an-indicator-of-the-difficulty-bomb/12120/19

[zasad@]

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.

Polygon is one of Ethereum's L2 solutions. Ethereum 2.0 will not immediately solve the problems with expensive transactions. be prepared to use L2 solutions for a few more years or more. Sharding will probably be activated in 2023, if we see the Merge in the 3rd or 4th quarter of 2022.

[r_victory]

Ethereum preparing a 'bear trap' ahead of the Merge — ETH price to $4K next?

An ascending triangle setup promises a significant rebound in the Ethereum price in 2022.

Ethereum's native token, Ether (ETH), faces downside risks in a higher interest rate environment. But one analyst believes that the token's next selloff move could turn into a bear trap as the market factors in the possible release of the Merge this coming August.

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