Ethereum just activated its ‘London’ hard fork
1–10 of 205 posts
Re: Ethereum just activated its ‘London’ hard fork
#2This will encourage users to transact in ETH compared to before because of its excessive transaction fees. I think that this upgrade will truly create a sense of urgency as every transaction will have some ETH burned.
Re: Ethereum just activated its ‘London’ hard fork
#3Here you can track how much Eth has been burned so far: https://ethburned.info/
Re: Ethereum just activated its ‘London’ hard fork
#4Rolling/live update of a $300B consensus layer holding over $50B of assets, and moving much much more everyday.
Pretty impressive.
Re: Ethereum just activated its ‘London’ hard fork
#5Congrats to the ETH development crew for another smooth upgrade. Good luck and please be careful with the transition to POS!
Re: Ethereum just activated its ‘London’ hard fork
#6Can someone explain to me how PoS is not centralized? The whole point of crypto and the blockchain is decentralization, no? I feel like crypto/blockchain will end up looking nothing like how it was intended, and be regulated to the point that it's just the next iteration of the traditional banking system, where the current power holders continue holding the power. Maybe I was naive to ever think it would be any different.
Re: Ethereum just activated its ‘London’ hard fork
#7Can someone explain to me how PoS is not centralized? The whole point of crypto and the blockchain is decentralization, no? I feel like crypto/blockchain will end up looking nothing like how it was intended, and be regulated to the point that it's just the next iteration of the traditional banking system, where the current power holders continue holding the power. Maybe I was naive to ever think it would be any diffe…
The first stocks ever sold to the public were claims on land in a new world, an escape from servitude to kings. Turns out they were just being swindled by a bankrupt crown to keep their own oppressors in power. But there was a new world, and people did escape.
Re: Ethereum just activated its ‘London’ hard fork
#8Can someone explain to me how PoS is not centralized? The whole point of crypto and the blockchain is decentralization, no? I feel like crypto/blockchain will end up looking nothing like how it was intended, and be regulated to the point that it's just the next iteration of the traditional banking system, where the current power holders continue holding the power. Maybe I was naive to ever think it would be any diffe…
Distribution has had 4-5 years to distribute with PoW (ETH specifically). Moving to PoS now makes sense.
All these points for/against PoS/PoW are technicalities at this point given that "decentralization" is a spectrum.
Re: Ethereum just activated its ‘London’ hard fork
#9Can someone explain to me how PoS is not centralized? The whole point of crypto and the blockchain is decentralization, no? I feel like crypto/blockchain will end up looking nothing like how it was intended, and be regulated to the point that it's just the next iteration of the traditional banking system, where the current power holders continue holding the power. Maybe I was naive to ever think it would be any diffe…
In practice PoW is pretty centralized also. Most of the mining is done by those who have the capital to set up massive ASIC/GPU farms.
Re: Ethereum just activated its ‘London’ hard fork
#10Congrats to the ETH development crew for another smooth upgrade. Good luck and please be careful with the transition to POS!
I hope this eases the demand for graphics cards somewhat.