[ANN] Ethereum: Welcome to the Beginning

[zasad@]

Another explanation for the situation

https://twitter.com/Supremacy_CA/status/1582789430368092160
"1/ Interesting attack event, TransactionRequestCore contract is four years old, it belongs to ethereum-alarm-clock project, this project is seven years old, hackers actually found such old code to attack. Here is our short analysis."

https://github.com/ethereum-alarm-clock/ethereum-alarm-clock/blob/master/contracts/TransactionRequestCore.sol

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[FP91G]

Large wallet investors in the Ethereum blockchain have scooped up 3.5 million ETH to add to their holdings of 28.55 million.
Whales have continued their accumulation of the second largest cryptocurrency by market capitalization based on data from Santiment.
Analysts believe Ethereum price is in the buying zone close to the $1,300 level.
https://www.fxstreet.com/cryptocurrencies/news/large-ethereum-whales-gobble-35-million-eth-holdings-hit-new-all-time-high-202210210648

[theskillzdatklls]

What a shitshow. From the binance page :"Block creators and validators may maximize their rewards. By rearranging transactions inside a block, a process known as maximal extractable value (MEV)."

That means : every transaction you do on a DEX is front-run by institutions and you directly pay the cost, unless you set your network fee pretty high and slippage really low.  The more i read about POS the more i dislike it.

Was MEV a system operators could make money from before the merge on the beacon system or has this only been true post-merge?

Also, separately, ETH might go deflationary quite soon. From a peak of 13k ETH issuance down to about 1.5k right now I think and dropping rapidly.

[FP91G]

Amid the growth, Ethereum (ETH) saw over $20 billion flow into its market capitalization in less than 24 hours, from $164.42 billion on October 25 to $185.06 billion on October 26, according to data retrieved by Finbold from CoinMarketCap.
https://finbold.com/over-20-billion-pumps-into-ethereum-in-24-hours-as-eth-breaks-past-1500/

[CryptoTalks22]

This Market Bearish may take long time to recover!
Let's explore project's like the #Callisto_Network , and earn the $CLO through Mining,and cold staking.

#Miners
#ETH

Dyor 👇
https://callisto.network

[zasad@]

https://coingape.com/web-stories/is-usa-controlling-ethereum/
Is USA controlling ethereum?

https://cryptoslate.com/op-ed-is-ethereum-now-under-u-s-control-99-of-latest-relay-blocks-are-censoring-the-network/
Op-Ed: Is Ethereum now under U.S. control? 99% of latest relay blocks are censoring the network
Roughly 63% of all Ethereum blocks produced in the last 24 hours were OFAC compliant. Industry experts ask "why is nobody talking about this?"

MEV relay list for Mainnet
https://github.com/remyroy/ethstaker/blob/main/MEV-relay-list.md

[safar1980]

This Market Bearish may take long time to recover!
Let's explore project's like the #Callisto_Network , and earn the $CLO through Mining,and cold staking.

#Miners
#ETH

Dyor 👇
https://callisto.network

Mining on video cards?

[zasad@]

https://ihodl.com/topnews/2022-10-31/vitalik-buterin-criticizes-restrictive-regulation-crypto-sector/
Vitalik Buterin Criticizes Restrictive Regulation of Crypto Sector

https://twitter.com/VitalikButerin/status/1586559614380044288?
"Another maybe-controversial take of mine is that I don't think we should be enthusiastically pursuing large institutional capital at full speed. I'm actually kinda happy a lot of the ETFs are getting delayed. The ecosystem needs time to mature before we get even more attention."

[safar1980]

Is it dangerous to store coins and tokens in Ethereum due to the risk of payment censorship in the Ethereum?
I have seen that 59-70% of blocks are subject to payment censorship.

[zasad@]

https://www.cryptopolitan.com/vitalik-buterin-updated-ethereum-roadmap/
Vitalik Buterin shares an updated roadmap of Ethereum
"   
Vitalik Buterin, one of the co-founders of Ethereum, published an updated version of the Ethereum roadmap on Saturday. In the statement, he outlines his plans to implement a number of changes to the Ethereum network after the Merge in order to address a variety of issues, including censorship, block verification, and centralization."

[wavessurfing]

Is it dangerous to store coins and tokens in Ethereum due to the risk of payment censorship in the Ethereum?
I have seen that 59-70% of blocks are subject to payment censorship.

link, please

[FP91G]

link, please

available on the same page

https://cryptoslate.com/op-ed-is-ethereum-now-under-u-s-control-99-of-latest-relay-blocks-are-censoring-the-network/
Op-Ed: Is Ethereum now under U.S. control? 99% of latest relay blocks are censoring the network
Roughly 63% of all Ethereum blocks produced in the last 24 hours were OFAC compliant. Industry experts ask "why is nobody talking about this?"

Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants
Traders using builders to execute their complex trades could save a significant chunk of their gas fees as they no longer have to pay for failed transactions.
https://cointelegraph.com/news/ethereum-shanghai-upgrade-eip-3651-to-cut-gas-fees-for-key-network-participants

[zasad@]

https://coingape.com/ethereum-price-down-by-21-over-228-million-liquidated/
Ethereum Price Down By 21%; Over $228 Million Liquidated
"Data presented by Coinglass depicts that more than $228 million have been liquidated from Ethereum in the last 24 hours. Around $160 million has been liquidated on the long position. This represents 70% of all the positions set by the traders.
As per the data, around 392,520 traders have liquidated more than $838 million. The largest single liquidation transaction was recorded on Binance of $6.7 million."

[FP91G]

Worldwide electricity consumption ‘drops 0.2%’ as Ethereum crypto mines shut down, researcher claims
Before ‘the Merge’, the world’s second-largest cryptocurrency had similar energy demands to the Netherlands
Worldwide electricity consumption has dropped by 0.2 per cent after the world’s second largest cryptocurrency switched to a “green blockchain”, according to developers.
https://www.independent.co.uk/independentpremium/world/ethereum-merge-energy-buterin-crypto-b2168924.html

[royalfestus]

How did we get here that ETH staking withdrawal has been suspended indefinitely and people are queit about it?

[zasad@]

I am having problems accessing old ETH address created with Ledger Nano S and MEW a few years ago. I assume it is because of an exotic derivation path I used back then. Is there any way (or tool) to determine the derivation path from a provided ETH address?

If you changed the derivation path yourself, you will have to select this path by brute force. And I change the derivation path in a third-party program when I want to get access to the second and subsequent wallets on the ledger.

[becoin]

How did we get here that ETH staking withdrawal has been suspended indefinitely and people are queit about it?

It was quite obvious where eth central bank (aka eth foundation) goes right after the first eth fork years ago!

[JollyGood]

The link you provided is behind a paywall making it unreadable unless payment is made to sign up to their subscription but I think the point you made has been noted but the claim has been disputed by some and dismissed by others:
Nasdaq Article

I have to say there is big difference between what Vitalik Buterin stated citing data suggested a reduction in 0.2 energy consumption as a result of Ethereum moving to Proof of stake and that actually happening. There is no evidence there was any increase or decrease in worldwide energy consumption as a result of Ethereum abandoning their proof or work set-up.

When those mining farms, businesses and individuals stopped mining ETH (after it moved to proof of stake), they switched over to mining any other proof of work crypto they thought would be lucrative and that process in itself would not facilitate any noticeable drop of energy consumption on a global level.

Worldwide electricity consumption ‘drops 0.2%’ as Ethereum crypto mines shut down, researcher claims
Before ‘the Merge’, the world’s second-largest cryptocurrency had similar energy demands to the Netherlands
Worldwide electricity consumption has dropped by 0.2 per cent after the world’s second largest cryptocurrency switched to a “green blockchain”, according to developers.
https://www.independent.co.uk/independentpremium/world/ethereum-merge-energy-buterin-crypto-b2168924.html

[zasad@]

https://hackmd.io/@vbuterin/proof_of_solvency
Having a safe CEX: proof of solvency and beyond
Most updated version will be here:
https://vitalik.ca/general/2022/11/19/proof_of_solvency.html

"Conclusions: the future of better exchanges
In the short term, there are two clear "classes" of exchanges: custodial exchanges and non-custodial exchanges. Today, the latter category is just DEXes such as Uniswap, and in the future we may also see cryptographically "constrained" CEXes where user funds are held in something like a validium smart contract. We may also see half-custodial exchanges where we trust them with fiat but not cryptocurrency."

[FP91G]

The hacker behind the theft of more than $447 million of crypto from the crypto exchange FTX has been again spotted moving their ill-gotten funds.
Accoding to Etherscan data, between 4:11 to 4:17 pm UTC on November 21, the attacker moved a total of 180,000 Ether across 12 newly created wallets — each receiving 15,000 ETH. The total amount moved totaled $199.3 million at current prices.
https://cointelegraph.com/news/on-the-move-ftx-hacker-splits-nearly-200m-in-eth-across-12-wallets