[ANN] Ethereum: Welcome to the Beginning

[ivomm]

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[JollyGood]

ETH is having a bad time in the market just as all the other crypto. It still has over 15% market dominance and is second only to bitcoin. I do not see Ethereum being negatively impacted with the price falling because it is a market wide issue. It is currently trading at $1156 and would not be a surprise if it fell below $950 within days because of the uncertainty surrounding crypto investors.

If whales try to manipulate the market it will not work especially with the prices low compared to the very recent highs. What will they gain from it?

ETH fell to as low as $950 this June 13, which is the proof that the whale sold its ETH possessions. Indeed, the economic situation is in red zone and the complete crypto market cap is under 1 trillion. This free fall is crazy however anticipated. ETH is additionally impacted however everyone love ETH, and will hold until better times comes.

IMO Ethereum can go much lower and nevertheless stay trustful crypto asset as volatility is a natural feature of any crypto project nowadays and would be so for some time more. And as for single crypto assets any can be manipulated by whales as even bitcoin does still not have big enough market cap to not to be manipulated.

[safar1980]

Vitalik Buterin, one of the co-founders of the Ethereum cryptocurrency, said on Thursday he did not expect cryptocurrency assets would “take over the world” and replace traditional, government-backed currencies.

“I do not expect cryptocurrencies to take over the world,” Buterin told the VivaTech conference in Paris. “It’s about cryptos and digital and governments,” he added. (Reporting by Sudip Kar-Gupta Editing by Mark Potter)

https://www.reuters.com/article/fintech-crypto-ethereum/ethereums-buterin-i-do-not-expect-cryptocurrencies-to-take-over-the-world-idUSFWN2Y30GY

[jokers10]

ETH is having a bad time in the market just as all the other crypto. It still has over 15% market dominance and is second only to bitcoin. I do not see Ethereum being negatively impacted with the price falling because it is a market wide issue. It is currently trading at $1156 and would not be a surprise if it fell below $950 within days because of the uncertainty surrounding crypto investors.

If whales try to manipulate the market it will not work especially with the prices low compared to the very recent highs. What will they gain from it?

Whales are initiating huge waves in the market: to sell at the high and to buy at the low. When others are in panic they buy, when others are in rush of buying they sell. Making others to do what they want at the moment is that market manipulation they are earning on. So at the moment they are gaining or expecting to gain cheap Ethereum while panic sale.

[zasad@]

https://www.cryptotimes.io/ethereum-sepolia-testnet-beacon-chain-goes-live-ahead-of-merge/
"Ethereum Sepolia Testnet Beacon Chain Goes Live Ahead of Merge
The Sepolia testnet Beacon Chain goes live laying the groundwork for Ethereum developers into what to expect once the full merge takes place."
https://twitter.com/nethermindeth/status/1538888411456716802?

[tperkara]

ETH is having a bad time in the market just as all the other crypto. It still has over 15% market dominance and is second only to bitcoin. I do not see Ethereum being negatively impacted with the price falling because it is a market wide issue. It is currently trading at $1156 and would not be a surprise if it fell below $950 within days because of the uncertainty surrounding crypto investors.

If whales try to manipulate the market it will not work especially with the prices low compared to the very recent highs. What will they gain from it?

Whales are initiating huge waves in the market: to sell at the high and to buy at the low. When others are in panic they buy, when others are in rush of buying they sell. Making others to do what they want at the moment is that market manipulation they are earning on. So at the moment they are gaining or expecting to gain cheap Ethereum while panic sale.

so basically all whales who are already rich will get richer again because they can control the market and I just give them wealth hahahha

[zasad@]

https://blog.ethereum.org/2022/06/21/testnet-deprecation/
Ropsten, Rinkeby & Kiln Deprecation Announcement

"Reminder: the Gray Glacier upgrade is scheduled for block 15,050,000, expected June 29, 2022
The Kiln Merge testnet, launched earlier this year, will be shut down shortly after the Ethereum mainnet’s transition to proof-of-stake.
Ropsten, Ethereum’s longest-lived proof-of-work testnet, has transitionned to proof-of-stake. It will be shut down in Q4 2022.
Rinkeby, a geth-based proof-of-authority testnet, will not transition to proof-of-stake and will be shut down in Q2/Q3 2023.
Users and developers are encouraged to migrate ASAP to Goerli or Sepolia to test Ethereum in a post-merge context. After The Merge, Rinkeby will not be a suitable testing environment for the Ethereum mainnet. Unplanned mainnet upgrades may no longer be applied to deprecated testnets."

[zasad@]

https://ambcrypto.com/ethereum-will-gray-glacier-upgrade-affect-your-eth-holdings/
June 29 - Gray Glacier update.
"The Ethereum network will be undergoing the upgrade at block 15,050,000, which is expected to occur on 29 June. Here, it’s important to note that Gray Glacier will not be deployed on any testnet.
It is built to further delay the Ice Age (Difficulty Bomb) by roughly 100 days."

[Sarah Azhari]

so basically all whales who are already rich will get richer again because they can control the market and I just give them wealth hahahha

Money is everything, someone who has a lot of money will rule the world, no exception with cryptocurrency. Whales will become in on all sides without a hitch. but basically, in all wars around the world, little warriors (holders) always win.

[DonQuijote]

so basically all whales who are already rich will get richer again because they can control the market and I just give them wealth hahahha

Yes, that's how the world works. (life, crypto, all!)

[DonQuijote]

What do you think about "the merge"?
Q1 2023 could be a reasonable date? They have too many delays... 2022 isnt probable

[zasad@]

https://twitter.com/nethermindeth/status/1542462787615612928?
"Gray Glacier hard fork is successful
Nethermind nodes are fine. Block time will go back down to 13 seconds.
Difficulty bomb delayed 🙌"


https://twitter.com/benjicohen421/status/1527366876501684235?
Developer plans for [The Merge] launch for August - September 2022

[FP91G]

Ethereum domains showed an increase in demand as Ethereum Name Service (ENS) registration totaled 126,141 registrations in just one week.
The ENS Dashboard, a data tracker created by developer Nick Johnson, shows that registrations went from 11,042 to 29,727, increasing over 200% during the weekend. This happened amid the second-largest .eth domain sale when “000.eth” was bought on Sunday at 300 Ether (ETH), which was worth around $320,000 at the time of sale.
https://cointelegraph.com/news/ethereum-name-service-registrations-surge-by-200-amid-lower-gas-fees

[Sarah Azhari]

What do you think about "the merge"?
Q1 2023 could be a reasonable date? They have too many delays... 2022 isnt probable

they said can reduce 99,05 % energy, so how can it be possible (0,05%) when everyone still mining (stake) using PC with electricity which obtained from coal, crude oil, and uranium?.

[zasad@]

https://www.coindesk.com/tech/2022/07/06/ethereums-sepolia-testnet-successfully-transitions-to-proof-of-stake/
Ethereum's Sepolia Testnet Successfully Switches to Proof-of-Stake
"The Sepolia proof-of-work chain merged with its proof-of-stake chain on Wednesday, taking Ethereum one step closer to its own Merge moment.

Sepolia was the second of three public testnets to run through the Merge. After this, Goerli is expected to merge.
The network went to proof-of-stake (PoS) when the Terminal Total Difficulty (TTD) exceeded 17,000,000,000,000,000. That occurred around 17:00 UTC.
In the hours since the testnet merge happened, no significant glitches have been reported.
The Sepolia merge was a two-step process. Ethereum announced that first the operators needed to update their consensus layer and execution layer clients together. That then activated two phases: the first at an epoch height on the Beacon Chain and the second upon hitting the total difficulty value on the execution layer.
The testnet merge takes the project one step closer to Ethereum's mainnet upgrade later this year. The first testnet merge, Ropsten, was completed on June 8."

[FP91G]

Majority of Ethereum 2.0 Stakers Underwater as Bear Market Continues
Ethereum 2.0 stakers are feeling the full weight of the ongoing bear market, with the vast majority of them now being “firmly underwater” on their positions, according to a new report from blockchain analytics firm Glassnode.
https://decrypt.co/104600/majority-ethereum-2-0-stakers-underwater-bear-market-continues

[mraksoll]

Vitalik add to blockchain deduplication blockchain data ... :/
next for pos , more all cache to ram , then to cpu , as it pos ( as block via dag now ~ 8 gb how i remember , for pos standart pos not will be need have as minimum 16 gb ( 3 - 4 gb for 1 gb if at lunux as docker , possible no change any logic , put as deduplicated for not critical nodes as fs docker)

changes for pos , create token indexing . as separate db file . for quick go to it.

deduplication + token indexing = working solution. as it will be hardfork so not matter + make it delayed hard fork aka if block x then this logic.

[Piston Honda]

ngmi

[allknowingeye]

Something I don't understand. Ethereum block time is 10 to 19 seconds but I get a new job message every 1 second or so from Nanopool - why would this be happening?

[zasad@]

https://twitter.com/sassal0x/status/1545225411285569536?
"Mainnet merge shadow fork 9 scheduled for July 14th at 2PM UTC.

Shadow forks will keep happening on a regular basis right up until mainnet merge - they run like a well-oiled machine these days!

The Merge is coming 🐼"
Coming soon to announce the date of the merge in the latest testnet.