[ANN] Ethereum: Welcome to the Beginning

[zasad@]

Ethereum still has long ways to go. Still early in adoption.

It is impossible to make one blockchain that will be perfect for the whole world. The main development should be in tier 2 solutions, where transactions are cheaper and higher throughput. If the TPS in Ethereum gives out up to 1000 or 3000, then this will not change the situation.

[FP91G]

Staking technology provider Kiln has closed out a $17.8 million fundraising round featuring the likes of Consensys and Kraken Ventures. The company believes there’ll be “exponential” growth in demand for Ether.
Ethereum’s recent transition to proof-of-stake (PoS) consensus also leads Sazbo to believe that demand for ETH staking will “grow exponentially.” His firm cited data from other PoS protocols that see between 50-80% of assets staked, in comparison to the 12.5% of ETH’s total supply currently staked in the Beacon Chain contract.
https://cointelegraph.com/news/staking-tech-firm-kiln-closes-17-8-million-eyes-future-eth-staking-demand

[zasad@]

https://cryptonews.net/news/ethereum/16938737/
As Glassnode data suggests, Ethereum's burning machine does not work as well as one would have expected. The total net coin issuance since switching to PoS has reached +2,317 ETH recently, making the post-Merge period for Ethereum inflationary, despite the most recent drop in issuance size.

https://twitter.com/glassnode/status/1597830873889792002
"Since the #Ethereum Merge, the total net coin issuance has been just +2,317 $ETH.

A total of 131,454 $ETH has been issued to PoS validators, whilst 129,137 $ETH has been burned via EIP1559."

[FP91G]

What in the Ethereum application ecosystem excites me
These are all problems that can be solved, and there is a strong drive to solve them. The FTX collapse has shown many people the importance of truly decentralized solutions to holding funds, and the rise of ERC-4337 and account abstraction wallets gives us an opportunity to create such alternatives. Rollup technology is rapidly progressing to solve scalability, and transactions already get included much more quickly on-chain than they did three years ago.
https://vitalik.eth.limo/general/2022/12/05/excited.html

ERC 4337: account abstraction without Ethereum protocol changes
https://medium.com/infinitism/erc-4337-account-abstraction-without-ethereum-protocol-changes-d75c9d94dc4a

[zasad@]

https://thecryptobasic.com/2022/12/07/ethereum-developers-confirm-shanghai-upgrade-will-enable-staked-eth-withdrawals/
"Ethereum developers, in a recent call, confirmed that they will roll out the Shanghai upgrade without EIP 4844 to eliminate delays in enabling withdrawals for staked ETH.

Ethereum developers, during the 99th Consensus Layer (CL) call held on December 1, have disclosed that they will be rolling out the Shanghai Upgrade without EIP 4844 to eliminate delays in Ethereum staking withdrawals, per a Galaxy Insights report.

Notably, the conclusions from the meeting confirm the previous report by The Crypto Basic, where developers expressed the belief that they could roll out staking withdrawals with the Shanghai upgrade in March. Furthermore, it clears any doubts about a significant delay."

[zasad@]

NFT Taipei
https://m.techflowpost.com/article/1804
"In the conversation, Vitalik said that zk-STARK technology will become as important as blockchain in the next 10-20 years.As a powerful privacy technology, it can not only solve the problems of blockchain applications, but also serve as a central improvement. security for users of an optimized system."

[estenity]

NFT Taipei
https://m.techflowpost.com/article/1804
"In the conversation, Vitalik said that zk-STARK technology will become as important as blockchain in the next 10-20 years.As a powerful privacy technology, it can not only solve the problems of blockchain applications, but also serve as a central improvement. security for users of an optimized system."

do you read chinese ?

[zasad@]

NFT Taipei
https://m.techflowpost.com/article/1804
"In the conversation, Vitalik said that zk-STARK technology will become as important as blockchain in the next 10-20 years.As a powerful privacy technology, it can not only solve the problems of blockchain applications, but also serve as a central improvement. security for users of an optimized system."

do you read chinese ?

This article has already been published in English
https://icolink.com/ico-news/vitalik-buterin-zk-stark-is-extremely-promising.html
____

https://usa.visa.com/solutions/crypto/auto-payments-for-self-custodial-wallets.html

"We see auto-payments as a core functionality that existing blockchain infrastructure lacks. In this article, we shared a novel solution that leverages the concept of account abstraction to provide self-custodial wallets with automatic recurring payments capability. Using the approach we have introduced, other real-world applications beyond recurring payments could be brought to the blockchain. At Visa, our goal is to help create better user experiences leveraging existing as well as new payment rails. To that end, we believe that programmable money and programmable payments represent an exciting opportunity."

[FP91G]

Ethereum in 2023 with Vitalik Buterin
https://www.youtube.com/watch?v=QXKqIIf6_AE&t=37s

Ethereum co-founder Vitalik Buterin has shared three “huge” opportunities yet to be realized in crypto: mass wallet adoption, inflation-resistant stablecoins and Ethereum-powered website logins.
https://cointelegraph.com/news/vitalik-buterin-reveals-3-huge-opportunities-for-crypto-in-2023

[zasad@]

https://twitter.com/woonomic/status/1606426085964529667

Willy Woo(C)
"Is this right? Only 3 months after ETH goes PoS, 69% of blocks are OFAC compliant?

Meaning Ethereum is already under control by the US government.

This means all DeFi apps running on ETH are not decentralised finance. And transactions are not censorship resistant."

[blockman]

https://twitter.com/woonomic/status/1606426085964529667

Willy Woo(C)
"Is this right? Only 3 months after ETH goes PoS, 69% of blocks are OFAC compliant?

Meaning Ethereum is already under control by the US government.

This means all DeFi apps running on ETH are not decentralised finance. And transactions are not censorship resistant."

That's bad honestly. Before, ETH has been one of the shining projects in the market that leads all of the decentralized projects that it has started. But this shift of POS changed a lot of things, I own some ETH and this is concerning me although most of them sold at top, I still got to hold a few.
And I guess this is going to affect how my holdings will go on if once everyone starts to know that it's being mostly controlled by the US gov't.

[FP91G]

The developer claims that this makes BNB Chain “the largest layer 1 blockchain in the world.” However, blockchain data shows that the Bitcoin network is still larger than both BNB Chain and Ethereum.

According to Etherscan, Ethereum currently has over 217 million unique addresses. By contrast, BNB Chain has over 233 million unique addresses, according to BscScan. This implies that BNB Chain is larger than Ethereum as judged by this metric.
https://cointelegraph.com/news/bnb-chain-now-has-more-unique-addresses-than-ethereum-developer-says

[zasad@]

https://bt-crow.com/2023/01/02/over-2-2-million-eth-domains-created-in-2022/
Domains in the form of NFTs can be traded on leading marketplaces such as Looks Rare or OpenSea. However, ENS.Vision, specialized in ENS domains, became the largest platform in terms of trading volumes. According to the platform, the most expensive addresses were “333.eth” and “metaverse.eth”, sold for 100 and 99 ETH respectively.

Domains are becoming a form of identification in the crypto community. The minimum price (floor price) for addresses in the “999 Club” category, that is, three-digit addresses consisting of numbers, is at around 20.22 ETH (more than $46,000 at the exchange rate on January 2).

[theskillzdatklls]

https://twitter.com/woonomic/status/1606426085964529667

Willy Woo(C)
"Is this right? Only 3 months after ETH goes PoS, 69% of blocks are OFAC compliant?

Meaning Ethereum is already under control by the US government.

This means all DeFi apps running on ETH are not decentralised finance. And transactions are not censorship resistant."

In general, this is a totally retarded problem, the fact this many spineless retards are bending the knee to the US government.

But, that said, Justin Drake said that there is a hard solve fix to this problem coming this year so it's not really a contentious issue any more. I think he said it also fixes MEV.

All that needs to be done is to force all node operators to go with the block that burns the most Ethereum. That way, they can't choose which ones to accept and which ones to decline.

I could be wrong, I'm not super technical, but I believe all of the above to be true/accurate.

[digaran]

Oh hello there Vitalik, why ETH wallets are this shitty I can't even verify a signed message with them, The metamask joke of a wallet has no sign or verify tools. Only way to sign was by using an online wallet.

[zasad@]

Oh hello there Vitalik, why ETH wallets are this shitty I can't even verify a signed message with them, The metamask joke of a wallet has no sign or verify tools. Only way to sign was by using an online wallet.

I'm not Vitalik, but I recommend you mycrypto wallet
https://mycrypto.com
Metamask was designed for other purposes and is a very good wallet for DeFi applications. Ethereum has not made official wallets for a long time. Wallets are developed by separate teams for decentralization, but wallets are compatible for fast data transfer.
Also myetherwallet will help you
https://www.myetherwallet.com/
These are 2 very old and reliable wallets.

[digaran]

Oh hello there Vitalik, why ETH wallets are this shitty I can't even verify a signed message with them, The metamask joke of a wallet has no sign or verify tools. Only way to sign was by using an online wallet.

I'm not Vitalik, but I recommend you mycrypto wallet
https://mycrypto.com
Metamask was designed for other purposes and is a very good wallet for DeFi applications. Ethereum has not made official wallets for a long time. Wallets are developed by separate teams for decentralization, but wallets are compatible for fast data transfer.
Also myetherwallet will help you
https://www.myetherwallet.com/
These are 2 very old and reliable wallets.

MEW just verifies that the address really did sign but doesn't decode the message, mycrypto returned an invalid message error.

This should not be hard at all for people, using bitcoin wallets would take a few seconds, I'm trying to decode this message since yesterday to no avail.

Code:

{
  "address": "0xcfcb12d849569a3d1cf971721665b2dce0279a91",
  "msg": "0x4469672066726f6d20626974636f696e74616c6b2c206e6f7420746865206f776e65722c206a75737420666f756e64206974206f6e207468652077656220616e642077696c6c206e6576657220746f7563682074686573652073686974746f6b656e73206f7220616e7920636f696e2f746f6b656e20746861742773206e6f74206d696e652e",
  "sig": "f0842c11e60863ec78847b9f27fd2259e8a33cb7d9d8b947889afd691e7582a7413b22488149afe0a0fa30683e1d6807a45cb8ceda5c8b2900d11051edea30ad1c",
  "version": "3",
  "signer": "MEW"
}

I was able to decode it using the following script

Code:

import codecs

def decode_hex(hex_string):
    return codecs.decode(hex_string, 'hex').decode('utf-8')

hex_string = "0x4469672066726f6d20626974636f696e74616c6b2c206e6f7420746865206f776e65722c206a75737420666f756e64206974206f6e207468652077656220616e642077696c6c206e6576657220746f7563682074686573652073686974746f6b656e73206f7220616e7920636f696e2f746f6b656e20746861742773206e6f74206d696e652e"
decoded_message = decode_hex(hex_string)
print(decoded_message)

[antaresproject]

Anyone know the aprox date we get to access our 32 ETH collateral for validator node?
 

[FP91G]

Anyone know the aprox date we get to access our 32 ETH collateral for validator node?
 

Ethereum Shanghai Hard Fork Slated For March
As Beiko stated, the Ethereum core devs have decided to prioritize enabling stake withdrawals over implementing the so-called “Surge” upgrade with EIP-4884. The proposal will enable the withdrawal of staked ETH for the first time.
So while EIP-4844 will not be included, three more technical EIPs that are of interest primarily to developers are already sure to be bundled into the Shanghai upgrade.
https://www.binance.com/en/news/top/7317714

[antaresproject]

Anyone know the aprox date we get to access our 32 ETH collateral for validator node?
 

Ethereum Shanghai Hard Fork Slated For March
As Beiko stated, the Ethereum core devs have decided to prioritize enabling stake withdrawals over implementing the so-called “Surge” upgrade with EIP-4884. The proposal will enable the withdrawal of staked ETH for the first time.
So while EIP-4844 will not be included, three more technical EIPs that are of interest primarily to developers are already sure to be bundled into the Shanghai upgrade.
https://www.binance.com/en/news/top/7317714

Perfect, thanks my friend. Not so bad, another 2 months.