0x64

10 ms·

1.
by 0x64 2y ago
Ethereum operates under a permissionless proof-of-stake model, it has not been mineable since the Merge in 2022. There are obviously large staking pools (including decentralized pools), but there is also a substantial community of people wh
2.
by 0x64 2y ago
The names of SpaceX’s drone ships, such as “Of Course I Still Love You”, are from the Culture novels
3.
by 0x64 3y ago
The minimum staking amount is very close to zero. Of course, directly participating in consensus by having the opportunity of building blocks requires 32 ETH (≈$75k), or 16/8 ETH ($37k/$18k) if you run a pool for other people thro
4.
by 0x64 3y ago
Exactly. Even the transaction costs aren't great: "Actual transaction costs are estimated around 0.001 cent/tx (at high transaction rates, amortized over billions of transactions, excluding migration costs). Note that this is
5.
by 0x64 3y ago
Ethereum's clients (execution and consensus) are only really concerned about a sufficiently fast SSD, more specifically in terms of random IO. Any mid-tier SSD should work though: stick it to a Raspberry Pi (or a Rock 5B) and you'
6.
by 0x64 4y ago
Ethereum could in theory be powered by a single 6 MW wind turbine
7.
by 0x64 4y ago
I have a major soft spot for Transmission, congrats!
8.
by 0x64 4y ago
I do overnight oats; in the morning, all you have to do is pop the lid. * Wholegrain oats (1.5 to 2 dl) * Greek yogurt (1.5 to 2 dl) * Milk, skimmed/whole (3 dl) Then, throw in whatever. A sliced banana or berries, honey, a pinch of va
9.
by 0x64 4y ago
And $0.26 in transaction fees, $0.04 of which went to the block proposing validator
10.
by 0x64 4y ago
Mev-boost, a piece of software that consensus clients delegate their block building to, is currently being used on mainnet. The difference is that there can be multiple block builder _relays_, such as Flashbots, bloXroute, Manifold Finance,
11.
by 0x64 4y ago
APY depends on the current validator count, decreasing as more validators come online. Currently, the base APY is around 4 %. On top of that, you have to factor in luck: block proposals are randomly assigned to validators, and they include
12.
by 0x64 4y ago
Because stable currencies do not exist in the world of cryptos? Dai [1], Rai [2], and USDC [3] are some examples that are all stable, and all dramatically different from each other. Fees are currently as low as $0.03 on Ethereum layer-2 sol
13.
by 0x64 4y ago
>A CBDC will eliminate any argument for crypto So a US CBDC will be decentralized, permissionless, transparent, non-censoring, and run on open-source software based on an open specification?
14.
by 0x64 4y ago
How come? There's no speculation in stablecoins, USD-following or not. Especially if you transact on a layer-2 solution, it's quite convenient.
15.
by 0x64 4y ago
You can stake on a Raspberry Pi and an external SSD, if you hate yourself enough. Most home stakers run on micro-PCs like Intel NUCs or Optiplex Micros. Attestations occur for every validator once every epoch, i.e. once every 6.4 minutes. I
16.
by 0x64 4y ago
The validator that proposes the block with the slashing in it gets a small reward, while the rest is burnt. There are dedicated slashers on the network that observe attestations and block proposals for violations. They can either selfishly
17.
by 0x64 4y ago
Block times become exactly 12 seconds, that's it. Nothing else changes: it's the same Ethereum, just greener and very slightly faster!
18.
by 0x64 4y ago
The current estimate for the upgrade can be found at [1]. It's not a regular upgrade that happens at a specific block height, hence the variance. Instead, the consensus is flipped over from PoW to PoS at a specific total difficulty, al
19.
by 0x64 4y ago
Because not attesting is against the network's fork-choice rules. If that censoring majority chooses to avoid said block, because it contains transactions that should be censored, they will perform an illegal re-org around the block. S
20.
by 0x64 4y ago
You are wrong about the majority of validators having to approve a certain transaction for them to be included. Even if 80 % of the network were censoring, those transactions would, on average, make it into every fifth block.
21.
by 0x64 4y ago
I don't disagree. However, I see no reason why light clients would not become the default option, as they effectively remove the trust placed on an RPC provider.
22.
by 0x64 4y ago
Not to mention, a new groundwork for light clients was laid out in the first upgrade to the beacon chain. Come merge, clients could effectively poll for e.g. balances directly from the network, instead of going through Infura. More on Ether
23.
by 0x64 4y ago
There's a massive difference in the decentralization of Ethereum's PoS implementation vs. Cardano, which uses delegated PoS.
24.
by 0x64 4y ago
PoS is coming in ~a month, the upgrade dates date will be announced on Thursday.
25.
by 0x64 4y ago
>Is there a reason to expect this time to be different? Well... - five+ different consensus clients, all with a full PoS implementation and a working PoW -> PoS transition mechanism - four different execution clients, all with a worki
26.
Ethereum's “Ropsten” testnet to be upgraded to Proof-of-Stake in early June(blog.ethereum.org)
2 points by 0x64 4y ago|0 comments
27.
by 0x64 4y ago
These are all chains that support smart-contracts, meaning that services can be built on top of them! I don't know much about the DeFi ecosystem on other chains, but all of them should have at least _something_ going on.
28.
by 0x64 4y ago
Name another year that has had feature-ready clients across the board, with a working merge transition mechanism implemented across all of them. The proof-of-stake chain we're merging to was launched in December of 2020, and has been r
29.
by 0x64 4y ago
Any Ethereum L2 that commits transaction bundles to the mainnet, plus anything on Binance's EVM chain, Cardano, Solana, Polkadot, Avalanche... They're all proof-of-stake or not based on PoW. And, Ethereum will transition to PoS by
30.
by 0x64 4y ago
Stable coins don't have to be backed by dollars, e.g. Dai and MIM are over-collaterized with cryptos. Dai survived the fall from ~$2k Ether to ~$50 Ether, and never lost its peg.

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