[ANN] Ethereum: Welcome to the Beginning

[Alibatant]

Companies are using smart contracts of ethereum nowdays how will it enhace the value of ETH in coming days?

I think so. The more usage, the higher price.

[pumz]

This smart contract industry is something extra which changed the whole way these cryptocoins were created at start. At start main focus was only on cheaper,faster and secure transactions for funds transfers and that still is on the table as main target for every project to tackle the issues to facilitate remittance industry. Smart contract is like escrow or guarantor which holds deal until certain period of time for involved parties satisfaction and safety just like third parties we use in real life. This is independent version this way can be explained to anyone.

[IncludeBeer]

How would you explain the concept of a smart contract to someone who doesn't know a lot about Blockchain / Ethereum?

You can issue tokens that are bound to ethereum that become worthless after a few weeks or months. Thats "smart contracts" in a nutshell for you.

Oh yeah, and you need to spend eth to be able to transfer the tokens.

lol you should work on your vocab. That's "ICO" in a nutshell, not smart contracts. 

[cleverhope]

I think Ethereum have good perspective. First of all - ICOs crash will come soo. A lot of ICO are scam. And after ICOs crashing, Ethereum platform will grow much faster. The second one - bull market will come back soon. This two factors will bring ETH to the moon 

[yurimir]

I think Ethereum have good perspective. First of all - ICOs crash will come soo. A lot of ICO are scam. And after ICOs crashing, Ethereum platform will grow much faster. The second one - bull market will come back soon. This two factors will bring ETH to the moon 

ICOs to be gaining traction again!

A collaborative report by US firm PwC and the Swiss Crypto Valley Association has concluded that over $13.7 billion has been spent on ICOs within the first 5 months of 2018 alone.

The report followed 537 different ICOs, and within the first 5 months of 2018 those projects had raised more money than funds raised by all ICOs in the past combined.

https://chainstate.org/2018/06/28/13-7-billion-has-been-transacted-in-2018-icos-so-far-finds-pwc-report/

[wenwen]

Good afternoon. You need to invest now, the coin at any time will rise in price, do not think for a long time. I wish everyone good luck.

im interested in this project. i will invest very soon.

[yurimir]

Super optimistic vision of the future of the crypto industry 

The mainstream financial media will tell you that the blockchain and cryptocurrency boom is over, you missed it. But as you can see, nothing could be further from the truth.

Investments in quality blockchain projects will appreciate 100X over the next few years. But to see those types of gains, you’ll have to invest now, before the rest of the world catches on.

What a Nasdaq VP told me about the future of cryptocurrencies

https://bonnerandpartners.com/what-a-nasdaq-vp-told-me-about-the-future-of-cryptocurrencies/

[raske]

what do You think, is Vitalik still holding his ETC from the fork after the DAO hack?

[ibuddy122505]

Are you guys experienced that Ethereum gas prices has increased on withdrawals? Right now to be pretty expensive, over 200 Gwei for faster transactions which usually standard gas prices are 5 to 10 gwei. There's experiencing heavy congestion in the Ethereum blockchain again.

[freelotus]

Are you guys experienced that Ethereum gas prices has increased on withdrawals? Right now to be pretty expensive, over 200 Gwei for faster transactions which usually standard gas prices are 5 to 10 gwei. There's experiencing heavy congestion in the Ethereum blockchain again.

I watch it regularly. It all depends on users who foolishly increase the gas price in the pursuit of the speed of the transaction. In the end, everyone suffers.

[mandibleclaw]

Ok but what really caused this surge in gas price? Right now is 51 gwei which is pure madness https://ethgasstation.info/. First gas burner is telegram ico apparently? (GRAM  token) https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44 . Second is Hash Power Token https://etherscan.io/address/0x1a0c31837edb132a9312841b9527e6307db13509. Third one is another ICO ? 3D blockchain token? https://etherscan.io/address/0x11016adcb85b65a0da8d8ddc3ade69dbad6bbca4 . Never heard of this two lol

[drwoo]

Are you guys experienced that Ethereum gas prices has increased on withdrawals? Right now to be pretty expensive, over 200 Gwei for faster transactions which usually standard gas prices are 5 to 10 gwei. There's experiencing heavy congestion in the Ethereum blockchain again.

I watch it regularly. It all depends on users who foolishly increase the gas price in the pursuit of the speed of the transaction. In the end, everyone suffers.

It's a long term game. In the end there should be an equilibrium that reflects the true transaction price for the network.

[SixFigures]

pls what is the total supply of ethereum?

ethereum total supply is increasing because mining reward
miner get reward with each block they mined and confirm the transactions
now the circualtion supply is more then 100 milllion for now and its total supply is unlimited but only miners can get few in a year

Interestingly though Vitalik brought up the discussion about implementing a cap to the total supply of ETH.

If I remember correctly it was on april 1st? By the way, if he want to implement a cap (but this question is for all PoS coins) how it will work with PoS ? It's the same thing as PoW where miners get only transaction fees after all coins are mined?

Yes, exactly.

Whereas it totally remains to be seen how something like that would actually play out. Everyone has an opinion on how it will work within Bitcoin, but I think skeptics also have a valid point that once there are only transaction fees the incentive might be too low for a lot of miners to secure the network.

Right but it should be possible to apply some maths upfront and see how it may play out. To anticipate how the market will eventually behave is hard to do as well know.

That is why I am shocked how many people have an opinion. They all had an opinion when Bitcoin was small, now they have an opinion when Bitcoin is big. And every time it is wrong.

[wangmidi]

Ethereum needs to use some technologies such as fragmentation to improve performance. Recently, the transfer is blocked again.

[Japinat]

Are you guys experienced that Ethereum gas prices has increased on withdrawals? Right now to be pretty expensive, over 200 Gwei for faster transactions which usually standard gas prices are 5 to 10 gwei. There's experiencing heavy congestion in the Ethereum blockchain again.

I watch it regularly. It all depends on users who foolishly increase the gas price in the pursuit of the speed of the transaction. In the end, everyone suffers.

It's a long term game. In the end there should be an equilibrium that reflects the true transaction price for the network.

There are congestion sometimes and today it happened.
Too bad we need to pay for the higher fees in order to transact but that is alright with me, I know this problem will be solve very soon.

[wenwen]

Hello everybody. Now I see that there are problems again with sending Etner, I do not know why, but I hope this problem will be solved. I wish everyone good luck.

quote author=wangmidi link=topic=428589.msg41407841#msg41407841 date=1530604947]
Ethereum needs to use some technologies such as fragmentation to improve performance. Recently, the transfer is blocked again.
[/quote]

[NewCenturyBTC]

What the problem at now? Gas price at gasstatation for normal transaction now is 60-100 gwei, so expensive for make ETH transaction now.

[IncludeBeer]

What the problem at now? Gas price at gasstatation for normal transaction now is 60-100 gwei, so expensive for make ETH transaction now.

It literally changes by the moment. Now its 1-46 gwei...

Usually increased gas price is an indicator of increased use. Higher daily volumes means we a healthier and more liquid market.

[MadonnaLover]

Ok but what really caused this surge in gas price? Right now is 51 gwei which is pure madness https://ethgasstation.info/. First gas burner is telegram ico apparently? (GRAM  token) https://etherscan.io/address/0x82d3a142ddd44d2bd29a683f0691fbead3bccc44 . Second is Hash Power Token https://etherscan.io/address/0x1a0c31837edb132a9312841b9527e6307db13509. Third one is another ICO ? 3D blockchain token? https://etherscan.io/address/0x11016adcb85b65a0da8d8ddc3ade69dbad6bbca4 . Never heard of this two lol

This is one of the true critical problems of the Ethereum platform - still not scalable enough not just for mass adoption, but even for any peaks of transaction traffic.

[GogiR]

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