[ANN] Ethereum: Welcome to the Beginning

[Lunar Crank]

Ethereum network fees have dropped dramatically. After cosmically large commissions, just a month ago, it looks fantastic. Hopefully miners won't be hit hard as the number of transactions should increase.

Yes, you are right. To tell you the truth, I didn't even expect to see such low fees again. It means that Ethereum chain became more interest for developers, and we will see more new projects with tokens based on ERC-20.

But now I'm wondering if we will see ETH price above 3k in near future.

[zasad@]

lol i can't believe ppl paid over $4k for this still 

After a successful hard fork, the price will be even higher

__

https://hackmd.io/@benjaminion/eth2_news/https%3A%2F%2Fhackmd.io%2F%40benjaminion%2Fwnie2_210605

What’s New in Eth2 - 5 June 2021
"Top picks
A couple of great podcasts for you this week:
Danny Ryan on Epicenter, Ethereum Foundation – An Eth2 Progress Update,
and Vitalik’s monumental three-hour appearance on the Lex Fridman podcast."

[zasad@]

https://github.com/ethereum/eth1.0-specs/blob/master/network-upgrades/mainnet-upgrades/london.md

"London Network Upgrade Specification
Included EIPs
Specifies changes included in the Network Upgrade.

 EIP-1559: Fee market change for ETH 1.0 chain
 EIP-3198: BASEFEE opcode
 EIP-3529: Reduction in refunds
 EIP-3541: Reject new contracts starting with the 0xEF byte
 EIP-3554: Difficulty Bomb Delay to December 1st 2021"



London Upgrade Overview
A description of the EIPs included in London.
https://medium.com/ethereum-cat-herders/london-upgrade-overview-8eccb0041b41

[luxmichitfund]

please fix chain ids

[In the silence]

If 2.0 really postponed, when will we can see ETH going $6,000?
The upgrades are good, this will push the prices higher and the gas is soooo optimized now.

[zasad@]

I found a new interesting dashboard
https://pro.nansen.ai/polygon/eth-vs-polygon
https://pro.nansen.ai/polygon

Polygon is growing very quickly, and the number of active addresses there will soon be much more than in Ethereum.
The whole paradox is that when the polygon  was actively working, the commissions on the main network became very cheap.

[alevlaslo]

[budlo]

Ethereum network fees have dropped dramatically. After cosmically large commissions, just a month ago, it looks fantastic. Hopefully miners won't be hit hard as the number of transactions should increase.

Yes, you are right. To tell you the truth, I didn't even expect to see such low fees again. It means that Ethereum chain became more interest for developers, and we will see more new projects with tokens based on ERC-20.

But now I'm wondering if we will see ETH price above 3k in near future.

Yes, of course, this is very good for the development of the network and the defi sector. But the price, unfortunately, depends not only on this. The global trend is now downtrend, so it will not be an easy path to new peaks.

[Dron Pelya]

Ethereum network fees have dropped dramatically. After cosmically large commissions, just a month ago, it looks fantastic. Hopefully miners won't be hit hard as the number of transactions should increase.

Yes, you are right. To tell you the truth, I didn't even expect to see such low fees again. It means that Ethereum chain became more interest for developers, and we will see more new projects with tokens based on ERC-20.

But now I'm wondering if we will see ETH price above 3k in near future.

Yes, of course, this is very good for the development of the network and the defi sector. But the price, unfortunately, depends not only on this. The global trend is now downtrend, so it will not be an easy path to new peaks.

I would say more. Todays situation doesn't look good for ETH. Price decreased almost to 2k for 1 ETH. If this falling continues, I'm sure, 3k usd for 1 ETh we will not see soon.

[zasad@]

Interesting thoughts from Charles Hoskinson
https://cointelegraph.com/news/bitcoin-is-own-worst-enemy-and-will-lose-to-ethereum-charles-hoskinson
"Bitcoin is ‘own worst enemy' and will lose to Ethereum: Charles Hoskinson
Bitcoin is too slow when compared to Ethereum and other proof-of-stake networks, argued Cardano founder, Charles Hoskinson."

[zasad@]

https://ropsten.etherscan.io/block/countdown/10499401
A few hours left before the start of the London testnet on the Ropsten network.
What are your thoughts on this? Will everything go well and will London be activated on the mainnet at the end of July?
Or don't you want that?
And will you write dirty tricks about Ethereum?

[fara_buduk]

https://ropsten.etherscan.io/block/countdown/10499401
A few hours left before the start of the London testnet on the Ropsten network.
What are your thoughts on this? Will everything go well and will London be activated on the mainnet at the end of July?
Or don't you want that?
And will you write dirty tricks about Ethereum?

come on guys....!!! we know"Ropsten ETH is used for testing purposes". When developers are building dApps, or experimenting on the network, to avoid losing money by paying real ETH for transaction fees and implementing smart contracts, it is better to use Ropsten Network for a secure and london better system. (Mainnet) in July.

[alevlaslo]

[zasad@]

https://ropsten.etherscan.io/
does not show the number of burned coins, so you need to use another site
The site does not always open, so I will make screenshots

http://watchtheburn.com


"You've just experienced
1.7574 ETH  being burned by observing 43 blocks that contain 1707 transactions with 89.375 ETH  rewards!"

[Termie]

why doesn´t the "Total Fees Burned"-amount rise there?
Always frozen at "88,571.275030" here
[Edit] ok counts up now

[Allbek]

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[zasad@]

https://ambcrypto.com/ethereums-london-network-upgrade-goes-live-on-goerli-testnet/
ETHEREUMEthereum’s London network upgrade goes live on Goerli testnet

https://twitter.com/sassal0x/status/1410438224242036742

"The London network upgrade (EIP-1559) is now live on the Goerli testnet 🔥

Watch ETH being burned here:
http://goerli.watchtheburn.com"

[zasad@]

According to unconfirmed reports, the London hard fork is planned for August 4th.
https://twitter.com/sassal0x/status/1411979241558659077
The next step is The Merge. Switching to the POS algorithm.
This will be no earlier than 3 months after the London hard fork.

Ethereum 2.0 is also expected to have a hard fork Altair
https://github.com/ethereum/annotated-spec/blob/master/altair/beacon-chain.md#rewards-and-penalties

[Daltonik]

According to unconfirmed reports, the London hard fork is planned for August 4th.
https://twitter.com/sassal0x/status/1411979241558659077
The next step is The Merge. Switching to the POS algorithm.
This will be no earlier than 3 months after the London hard fork.

Ethereum 2.0 is also expected to have a hard fork Altair
https://github.com/ethereum/annotated-spec/blob/master/altair/beacon-chain.md#rewards-and-penalties

The developers have decided on a block for activating the hard fork, it will be block #12965000, which is really expected to be reached between 13:00 UTC and 17:00 UTC on August 4 https://github.com/ethereum/eth1.0-specs/pull/223

[zasad@]

"... and it's merged

Expect client releases end of this week / early next week, and a proper announcement early / mid next week"
https://twitter.com/TimBeiko/status/1412762432079007748


"Yep, unless someone objects in the next 24h, London should land on August 4th.

A few client teams have "Oтличнo!'d" it already, but we want to be sure no one has a serious objection. "
https://twitter.com/TimBeiko/status/1412451814935433220