[ANN] Ethereum: Welcome to the Beginning

[LoyceV]

If anyone's interested, I created a mirror for this:

Ethereum data

I've added ethereumdata.loyce.club:
ethereumdata.loyce.club/calls/ (329 GB)
ethereumdata.loyce.club/erc-20_transactions/ (363 GB)
ethereumdata.loyce.club/transactions/ (69 GB)

I needed this data from gz.blockchair.com/ethereum/ for a project

[FP91G]

The Ethereum Foundation has announced it will be increasing the network’s bug bounty payouts fourfold ahead of the blockchain’s transition to proof-of-stake.

In a Wednesday blog post, the Ethereum Foundation said between Aug. 24 and Sept. 8, all “Merge-related bounties for vulnerabilities” will be quadrupled for white hats testing the network. According to the foundation, identifying “critical bugs” — those that have a high impact or likelihood of a high impact on the blockchain — will be worth up to $1 million. The bounty program also allows submissions for low, medium and high-risk bugs.
https://cointelegraph.com/news/bug-bounty-quadruples-for-ethereum-network-up-to-1m-payouts-ahead-of-merge/

[theskillzdatklls]

Really excited for the merge. The drama surrounding it has been more intense than I expected. But ETHPOW or anything else is ultimately a joke.

The biggest drama for sure would be censored transactions on the protocol layer. But I think that seems mostly impossible for now. Under the situation where there was a minority censorship proof fork, that would be real wild to live under, and hopefully that doesn't happen.

That aside, anyone want to hazard a wild guess as to the release of the sharding upgrade?

[sp_]

Bitfinex has added support for Ethereum POW

https://www.rateweb.co.za/breaking-news/bitfinex-to-back-ethereum-pow-fork/
https://trading.bitfinex.com/t/ETHW:USD

If the price holds, ETHW looks to be the largest gpu minable coin in the world after the fork.
ETC $36.82 ( 43.94 TH/s)
ETHW $50 ( 52.44 TH/s estimate)


Most miners will move to the new Ethereum POW. This coin has support from old Ethereum and Bitcoin devs. You will receive ethereum for every ethereum POS you own on the time of the fork (if you didn't lock them for staking)
If you sell 1 Ethereum POS you can buy 34 Ethereum.

[haleema]

What I am understand about ethereum merge,
POW (Ethereum coin generate to use of mining hardware)
After Merge
POS (ethereum coin generate to use of transections )
is i am right or wrong.

[theskillzdatklls]

What I am understand about ethereum merge,
POW (Ethereum coin generate to use of mining hardware)
After Merge
POS (ethereum coin generate to use of transections )
is i am right or wrong.

This is correct.

[sp_]

After the Merge the blockchain will split in two giving you bonus coins (Ethereum POW).

You will only receive bonus coins if you own Ethereum at the point of the merge. (15% of the supply is locked in the staking pool and will be deleted in the new POW fork). Make sure that your wallet support ETH POW or move your coins to a wallet where you have access to the private keys.

After 15 september:
POS (ethereum coin) ($1700 a coin) (Will be supported by those who believe in POS)
POW (ethereum coin) ($50 a coin)  (Will be supported by those who believe in POW)

Ethereum POW Coins can already be traded on 9 exchanges with a 1:34 difference in the price at 1 MUSD volume per day. (Futures)

[hd49728]

I believe there will be more than one for from current Ethereum.

There are teams try to use the Merge event to fork and convince you that their forks are real Ethereum. They will try to do things similar to Bitcoin Cash and Roger Ver teams did.

Trurst the core team and their plans. Trust Vitalik and his team. Don't trust others if you are Ethereum enthusiast and investor.

[r_victory]

ETH whales move holdings onto exchanges before Merge. The top-10 Ethereum non-exchange addresses have seen an 11% decline in their holdings while on-exchange whale addresses have seen a 78% increase over the past three months.

https://cointelegraph.com/news/eth-whales-move-holdings-onto-exchanges-before-merge

[hd49728]

ETH whales move holdings onto exchanges before Merge. The top-10 Ethereum non-exchange addresses have seen an 11% decline in their holdings while on-exchange whale addresses have seen a 78% increase over the past three months.

https://cointelegraph.com/news/eth-whales-move-holdings-onto-exchanges-before-merge

They are betting their coins with security of exchanges and trust of exchanges. Because of money, they forget that they don't own Ethereum if they send it to exchanges. After sending it, they can get it back if exchange approve their withdrawal or can lose it if exchange turns off.

About fork, PoW Ethereum after the Merge, I don't care about it much. I think in next bull run, Ethereum Classic ETC will be big again and I wait for it to dump to $8 or $10 to get it. In a lomg bear market, I think I will get these discount prices.

[theskillzdatklls]

After the Merge the blockchain will split in two giving you bonus coins (Ethereum POW).

You will only receive bonus coins if you own Ethereum at the point of the merge. (15% of the supply is locked in the staking pool and will be deleted in the new POW fork). Make sure that your wallet support ETH POW or move your coins to a wallet where you have access to the private keys.

After 15 september:
POS (ethereum coin) ($1700 a coin) (Will be supported by those who believe in POS)
POW (ethereum coin) ($50 a coin)  (Will be supported by those who believe in POW)

Ethereum POW Coins can already be traded on 9 exchanges with a 1:34 difference in the price at 1 MUSD volume per day. (Futures)

Interesting update. The liquidity does still seem to be a bit low. But I'm sure that will change rapidly in the coming weeks... especially as bigger exchanges list it.

[Zalima Zohair]

What's the difference between ETH and ETHW?

Is it a fork?

And will there be two currencies after the Merge will take place?

Today i read the news about Bitfinex added support for Ethereum POW. Any relation with ETHW?

[sp_]

What's the difference between ETH and ETHW?
Is it a fork?
And will there be two currencies after the Merge will take place?

It is a fork that not yet has happened. (ETHW will fork around 15 september)

Ethereum POW and ETHW is the same thing.
The sourcecode has removed the difficulty bomb, removed POS code, removed some of the stablecoin adresses/ tornado cash adresses/ and hacked accounts. Implemented replay protection to make sure the new blockchain can co-exist with the original Ethereum.
The work is still in process, and more will be added.

If you have ethereum on any of the supported exchanges at the forking date, you will receive the same amount of ETHW(Eth POW) as ETH. Ethereum owners who have locked their funds in the staking pool will not receive coins in the new POW fork. This meens that the Ethereum POW will have 15-20% less coins than the original Ethereum.


Twitter:
https://mobile.twitter.com/ethereumpow
Sourcecode Github:
https://github.com/ethereumpow/

Supported Exchanges (25.08.2022)

Poloniex: https://poloniex.com/spot/ETHW_USDT
Gate: https://www.gate.io/ru/trade/ethw_usdt
Mexc: https://www.mexc.com/exchange/ETHW_USDT
Phemex: https://phemex.com/spot/trade/ETHWUSDT
Bitrue: https://www.bitrue.com/trade/ethw_usdt
Digifinex: https://www.digifinex.com/en-ww/trade/USDT/ETHW
CoinW: https://www.coinw.com/front/fastTrading?symbol=1027
Bitfinex: https://trading.bitfinex.com/t/ETHW:USD

When buying ETHW futures you will receive the same amount ETH POW after the fork on the 15th of september.

[estenity]

What's the difference between ETH and ETHW?
Is it a fork?
And will there be two currencies after the Merge will take place?

It is a fork that not yet has happened. (ETHW will fork around 15 september)

Ethereum POW and ETHW is the same thing.
The sourcecode has removed the difficulty bomb, removed POS code, removed some of the stablecoin adresses/ tornado cash adresses/ and hacked accounts. Implemented replay protection to make sure the new blockchain can co-exist with the original Ethereum.
The work is still in process, and more will be added.

If you have ethereum on any of the supported exchanges at the forking date, you will receive the same amount of ETHW(Eth POW) as ETH. Ethereum owners who have locked their funds in the staking pool will not receive coins in the new POW fork. This means that the Ethereum POW will have 15-20% less coins than the original Ethereum.
...

very precise, thank you so much.
34 eth is a very high figure, so I suppose that a majority of coins will be outside of staking;

for exemple metamask (who gives access to the private key), will allow to receive directly ETHW ?

[sp_]

Trust the core team and their plans. Trust Vitalik and his team. Don't trust others if you are Ethereum enthusiast and investor.

The POS fork has 15% support from the Ethereum supply. In the new Ethereum POW fork, everyone who voted for POS including co-founder Vitalik and his Team will loose their funds.

Binance have announced today that they will support Ethereum POW together with 10 other exchanges.

[aggress0r]

How do you think, will ETH reach it's ATH in 2 years?
ps. Or some day?

[sp_]

ETHW is cheap at $50.

[Unbunplease]

How do you think, will ETH reach it's ATH in 2 years?
ps. Or some day?

In my opinion, in September we will see a continuation of the epic battle between ETH and BTC. The move to POS is a strong argument in the hands of green mining supporters. AtH ETH within a year or two is quite possible.

[sp_]

In my opinion, in September we will see a continuation of the epic battle between ETH and BTC. The move to POS is a strong argument in the hands of green mining supporters. AtH ETH within a year or two is quite possible.

When ETH goes POS, the old investors will sell.
The old investors avoid exchanges, because they know how to work the private keys.

[ivomm]

POW at least gave a chance to millions to get rich by investing in gpu rigs. On the other hand, POS is designed to make the inner circle of Vitalik extremely richer. This is the ultimate centralized project, which has nothing to do with the decentralised and widely adopted BTC. May be there will be some pump around the POS switch, but not if BTC continues to plunge. After that everyone will realize that this is just another buy the rumour sell the news pump and dump. Since staked eth are locked for 12 months and possibly more, there is no way these people to realize a profit, especially in a severe bear market like this. What is 4-5, even 10% yield, while the market is 80-90% down? There is a reason why every other POS coin is practically dead by now. The same will happen with eth, and I doubt it will survive this bear market. It is only a question of when, not if.