[ANN] Ethereum: Welcome to the Beginning

[theskillzdatklls]

1 day, 11 hours until Shanghai. So many possible outcomes. Bearish most likely since released supply can only really go one direction but maybe some of it already priced in from the overall drop the past month+? Coming soon.

[JollyGood]

Those are the figures he calculated but the reality is the loss could be much worse than that. If you apply the same principle to all crypto (including Bitcoin) then the figures in USD$ would reach astronomical levels.

https://www.theblock.co/amp/post/221453/over-1-billion-of-ether-lost-forever-bugs-human-error
Over $1 billion of ether has been lost forever due to bugs and human error
2Coinbase director Conor Grogan categorized thousands of mistakes and bugs on the Ethereum blockchain.
He found that 636,000 ETH ($1.15 billion) has been lost forever — and that’s not including people that have lost access to their wallets."

[digaran]

Those are the figures he calculated but the reality is the loss could be much worse than that. If you apply the same principle to all crypto (including Bitcoin) then the figures in USD$ would reach astronomical levels.

https://www.theblock.co/amp/post/221453/over-1-billion-of-ether-lost-forever-bugs-human-error
Over $1 billion of ether has been lost forever due to bugs and human error
2Coinbase director Conor Grogan categorized thousands of mistakes and bugs on the Ethereum blockchain.
He found that 636,000 ETH ($1.15 billion) has been lost forever — and that’s not including people that have lost access to their wallets."

Wow, do any of you guys know the addresses holding these lost coins? I might be able to work something out, but first I need to make sure that I'm not going after cold wallets of other people,  however after finding these lost coins I will share a percentage of the prize which hopefully the owners of those coins will give me, with anyone sharing intel on lost coins.

[FP91G]

The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator changes, is expected to take place on April 12, 2023. While most users will not be affected by the change, the hard fork aims to enable staking validators to withdraw their staked ethereum.
Shapella Network Upgrade to Activate on the Ethereum Network at Epoch 194048
https://news.bitcoin.com/ethereums-shapella-upgrade-to-enable-staking-withdrawals-set-to-go-live-on-april-12/

[zasad@]

https://decrypt.co/125731/staked-ethereum-withdrawals-could-take-weeks-after-shanghai-upgrade-analyst
"The upgrades are hotly anticipated by users who staked ETH in the network—either as individual validators or through platforms like Lido Finance and Rocket Pool—as they will soon be able to withdraw their assets and accumulated rewards.
But Ethereum users may not be able to withdraw their funds immediately, or all at once. According to Andrew Thurman, a data analyst at Nansen, the length of the withdrawal queue could result in users having to wait several weeks to withdraw their funds."

“When you look at the fundamentals,” Thurman told Decrypt, “whatever the impact of withdrawals going live is, it's going to play out over a period of weeks and not days.”


https://wenmerge.com

[safar1980]

ConsenSys

Ethereum has now simultaneously upgraded its execution and consensus layers to enable staked ETH withdrawals.

It's time to celebrate! Claim your Ethereum, Evolved: Shanghai NFT now
https://twitter.com/ConsenSys/status/1646317331642040320
https://shanghai-capella.consensys-nft.com/

[zasad@]

https://www.coindesk.com/business/2023/04/12/ethereums-shanghai-upgrade-only-a-small-step-forward-bank-of-america/
"The blockchain’s likely inability to increase throughput in the short term and increasing competition from alternative networks will constrain its adoption and usage, the report said.

Bank of America sees Ethereum upgrades as “significant technological accomplishments, but not necessarily more significant or advanced than those implemented by next-generation blockchains that have emerged as viable alternatives.”
The bank says Ethereum’s likely inability to increase throughput in the short term and increasing competition from alternative blockchains will constrain its adoption and usage.
Ethereum’s “long-term viability” is dependent on the execution of its development road map, the report said. This includes the implementation of a sharding approach called Danksharding, which aims to reduce the costs of transactions originating on scaling solutions and cut the processing and storage requirements for validators."

[pingu39]

"ETH Shanghai"

What should we expect from the upcoming Ethereum Shanghai update?

The long-awaited Ethereum (ETH) Shanghai update is happening today. It will be one of the greatest achievements of the developers and development teams working to advance the Ethereum network.

Do you know what you can expect from this update, that is, how it will affect token owners?

Find out in the blog:

What is the Ethereum Shanghai Update?
How will it affect staked ETH?
What is Ethereum staking?
Which cryptocurrencies can benefit from this update?

https://ecd.rs/blog/eth-update-shanghai/?utm_source=newsletter&utm_medium=email&utm_campaign=ethereum_shanghai_update_vazno_obavestenje&utm_term=2023-04-12

[zasad@]

https://cointelegraph.com/news/ethereum-researcher-says-staking-reveals-ip-address-sparking-privacy-concerns
A researcher at the Ethereum Foundation has revealed that the IP addresses of Ether  stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns.

In an April 12 interview on the crypto podcast Bankless, EF researcher Justin Drake revealed that he learned this information “internally” — presumably, at the foundation.

The metadata Drake referred to is used to track a wide range of things, he explained:

“There’s a lot of metadata, you can look at deposit addresses, you can look at withdrawal addresses, you can look at fee recipients, you can look at IP addresses.”

[digaran]

https://cointelegraph.com/news/ethereum-researcher-says-staking-reveals-ip-address-sparking-privacy-concerns
A researcher at the Ethereum Foundation has revealed that the IP addresses of Ether  stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns.

In an April 12 interview on the crypto podcast Bankless, EF researcher Justin Drake revealed that he learned this information “internally” — presumably, at the foundation.

The metadata Drake referred to is used to track a wide range of things, he explained:

“There’s a lot of metadata, you can look at deposit addresses, you can look at withdrawal addresses, you can look at fee recipients, you can look at IP addresses.”

That's why it's called a centralized garbage! The lack of an open source easy to use wallet is another indicator.

[zasad@]

https://cointelegraph.com/news/ethereum-researcher-says-staking-reveals-ip-address-sparking-privacy-concerns
A researcher at the Ethereum Foundation has revealed that the IP addresses of Ether  stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns.

In an April 12 interview on the crypto podcast Bankless, EF researcher Justin Drake revealed that he learned this information “internally” — presumably, at the foundation.

The metadata Drake referred to is used to track a wide range of things, he explained:

“There’s a lot of metadata, you can look at deposit addresses, you can look at withdrawal addresses, you can look at fee recipients, you can look at IP addresses.”

That's why it's called a centralized garbage! The lack of an open source easy to use wallet is another indicator.

I would not call the only blockchain on which something really works on garbage dump.
Experts say that if the validator does not use relays, then it is safe. But the IP can be found in another way, so if you want to be a validator, then you need to know about it.
https://beaconcha.in/relays
I recommend an interesting post
Gary, tell us what is Ethereum?
https://bitcointalk.org/index.php?topic=5449596

[theskillzdatklls]

https://cointelegraph.com/news/ethereum-researcher-says-staking-reveals-ip-address-sparking-privacy-concerns
A researcher at the Ethereum Foundation has revealed that the IP addresses of Ether  stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns.

In an April 12 interview on the crypto podcast Bankless, EF researcher Justin Drake revealed that he learned this information “internally” — presumably, at the foundation.

The metadata Drake referred to is used to track a wide range of things, he explained:

“There’s a lot of metadata, you can look at deposit addresses, you can look at withdrawal addresses, you can look at fee recipients, you can look at IP addresses.”

That's why it's called a centralized garbage! The lack of an open source easy to use wallet is another indicator.

I see this argument all the time, I never understand the hate. I personally think it's great that Bitcoin and Ethereum both exist. Bitcoin is a very stable/predictable/simple technology (for now) that people can count on. Ethereum has taken very innovative pathways and migrated onto POS.

I think the two very different paths creates more robustness for cryptocurrency as a whole ecosystem. If for some reason, Bitcoin or Ethereum get totally wrecked off in the future for some reason, at least the other one still exists.

And if you don't like either one, idk, don't buy it? Or short it if you really feel so compelled?

[zasad@]

https://etherscan.io/address/0x825309a7d45d1812f51e6e8df5a7b96f6c908887
One of the Ethereum ICO participants woke up. Almost 8 years ago, he bought these coins for 31 cents. Great investment that cost less than $1,000.
This is how you can become a millionaire in 8 years for an investment of less than $1,000. Perhaps he forgot about it, and only recently remembered.

[chainganginc]

I propose another fork of Ethereum called "Cyberbuck". Maybe it can be both PoW and PoS idk. I created the symbol to go with it already. You can check it out at this link https://ibb.co/vPpfjcn
The PoW fork isn't performing and the Ethereum pos fees are stupid. I'm also tired of Bitcoin controlling the way every crypto blows.

[becoin]

I'm also tired of Bitcoin controlling the way every crypto blows.

Get used to it.

[FP91G]

Ether whale population drops after Shapella — Will ETH price sink too?
Ether's supply across whale addresses has dropped consistently since March 2020, offset by greater retail interest.

The share of Ether held by so-called whale addresses has dropped since Ethereum's Shapella upgrade in mid April, suggesting that large investors may be leaning bearish in the near term.

ETH whale population shrinks post-Shapella
The amount of Ether  held by addresses with 1,000-10,000 ETH, or "whales," was over 14.033 million ETH on May 1, according to Glassnode data. In comparison, the count was 14.167 million ETH on April 12, when Shapella went live on Ethereum

https://cointelegraph.com/news/ethereum-whale-population-drops-after-shapella-will-eth-price-sink-too

[JollyGood]

If you stumble upon a vulnerability or bug you could be inline for a huge bounty. According to Ethereum Foundation the maximum bounty reward has been increased to $250,000.

The previous highest paid was $50,000 to a user who reported Lighthouse beacon nodes crashed after receiving BlocksByRange messages containing large counts which caused the attack. The report can be read here

[FP91G]

Ethereum’s staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible.
Validators earned $46 million in the first week of May due to an increase in the staking rewards rate, which is a metric for validators’ annualized yield. According to data, validators earned 24,997 Ether in the week, representing a 40% increase over the previous week’s income of $33 million, when 18,339 ETH were distributed as rewards.

https://cointelegraph.com/news/ethereum-validators-earn-a-record-46m-as-staking-rewards-rate-surges

[zasad@]

https://twitter.com/AltCryptoGems/status/1656293008139010049?
"mewWatch: the number of $ETH validators who behave in accordance with the U.S. Treasury Department's sanctions policy has dropped to 27% from a record 79% in November 2022."


Apparently the gingerbread is over!


https://www.ethnews.com/is-ethereum-founder-vitalik-buterin-planning-a-sell-off-fortune-move-sparks-imminent-sell-off-speculations/
Wallet addresses linked to Ethereum founder Vitalik Buterin are on the move, sparking fears of a possible selloff.
Recent transfers show Buterin’s wallet moving 3,500 ETH worth about $6.56 million to another address.

[Mrpumperitis]

We all love ETH in some way...but this is something to be worried about....
The Ethereum mainnet was unable to fully confirm transactions for about 25 minutes on Thursday, with blocks getting proposed but not being finalized. Users of the blockchain saw that their transactions were going through. However, during the 25-minute span, they were at risk of being altered because of the malfunction.18 hours ago

btc core...clogged up, slow, very expensive...unusable
ETH..downtime...for just under 30mins...slow...expensive..unusable

Its time for people to wake up...
BCH with the new upgrade will be like OG BTC and ETH POW combined with super speed(near instant) and ultra low fees(fractions of a cent)...No need for POS.
BCH will be the most powerful and decentralized smart contracts platform in the world.
There will be dex's like Uniswap...stablecoins...RWA'S.... Grin
This will be the place to build smart contracts without the worry of supply controlled by VC's on POS chains....
BCH 3 days till the biggest upgrade in its history.

https://www.binance.com/en/support/announcement/binance-will-support-the-bitcoin-cash-bch-network-upgrade-5b99b3ffdb4f4954aa5896ad269c5433