Discover and read the best of Twitter Threads about #Merge

Most recents (24)

#Binance est propulsé sur le devant de la scène depuis plusieurs semaines 🎤

Comment son fondateur, CZ, a fondé l’exchange #crypto le plus profitable sur terre gérant plus de $100 Milliards par jours ? 🤯

Un thread court pour tout comprendre (et en apprendre!)🧵👇 Image
[0 - 15] Si vous êtes plus blog, retrouvez cet article en version longue sur mon Medium !

cesarioo.medium.com/binance-pierre…

Le même contenu suit ci-dessous 👇
[1 - 15] Une Main de Maître 🤝

Changpeng Zhao est né en Chine 🇨🇳 et a ensuite déménagé au Canada 🇨🇦. Il vit aujourd'hui à Singapour 🇸🇬

Au 1er Mai 2022, sa fortune est estimée à 65 Milliard de dollars, ce qui le rend plus grand #milliardaire #crypto 🤑 Image
Read 17 tweets
@MessariCrypto recently published a comprehensive report on the State of Ethereum in Q3 2022.

We read the whole report so that you don't have to!

Here's a comprehensive summary

👇🧵
Before we get started...

You can find this thread as a blog post here:
thecryptoilluminati.substack.com/p/state-of-eth…
A Primer on @ethereum:

The Ethereum network is a decentralized data storage and transaction validation platform

The protocol gained broad recognition after the groundbreaking introduction of smart contracts

/1
Read 30 tweets
Hey anon, with @zksync 2.0 Mainnet approaching in just 3 weeks Let's share the best 🚨Alpha🚨 opportunities right after launch:

⚠️ TL;DR most important info on #zkSync 2.0
👝 Wallets
💸 FIAT On-Ramps and bridges
🤖 dApps
🎨 OG NFTs

Read on to discover more 🧵👇
⚠️ @zkSync 2.0 Mainnet will go live on Oct. 28 - but for 1 month nobody other than @the_matter_labs team will be allowed to use it! After that gated access only for Developers to deploy their projects and test'em safely & thoroughly.
⚠️ The final launch day is TBC - but it could take several months to complete all the testing before #zkSync 2.0 Mainnet is deemed perfectly safe for public (user) launch - Team compares it with the #Ethereum #Merge - so better be patient anon 😂
Read 24 tweets
The relationship between the #EthereumMerge and #DeFi is a fascinating case study for a changing economic ecosystem.💎

And @variantfund's Twitter Space dove deep into how the #merge affects #DeFi.✨

Here is the summarized version:👇
The space was conducted by @variantfund and @eulerfinance.⚡

@spencernoon, @gham1lt0n and @Derekmw23 represented Variant.💰

@MacroMate8, or Seraphim, the head of risk at Euler, was the Euler side's representative.👑

@variantfund @eulerfinance @spencernoon @gham1lt0n @Derekmw23 @MacroMate8 @MacroMate8 first laid out what the long-term focus of @eulerfinance would be.👀

Euler will focus more on #Oracle technology to improve smart contracts.💎

This is why the #Euler team has added @chainlink support to the ecosystem.🤝

Read 13 tweets
Are you a newbie looking to transition into blockchain development with no coding skills or experience?

Do you want to build that DAPP, Cryptocurrency & NFT?

Congratulations this “PAGE” is for you!

Walk with me as I guide you on steps to become an expert solidity developer! Image
A short video:
Our Journey is a little bit long and detailed but I will break it down into multiple sections.

Here I compiled a roadmap of how this program will be:

1/4
• Introduction to Solidity
• What are Smart-contracts?
• Tools needed
• How Build a Simple Smart Contract (video)
Read 21 tweets
1/ The successful @Ethereum #Merge has everyone singing The Merge Song.

Let's check out some highlights tied to one of the biggest events in crypto history.🧵
2/ In an attempt to squeeze out extra profits from GPU mining rigs, miners and speculators migrated hashrate en masse to @eth_classic.

The peak hashrate of $ETC at almost 315 TH/s (Terrahashes per Second) is close to half of @Ethereum’s pre-merge hashrate.
3/ In contrast, the $ETHW Proof of Work fork hasn’t been able to sustain high levels of hashrate post-merge.

It isn’t likely to recover.
Read 5 tweets
Underneath all the songs, pandas, and memes, the #EthereumMerge is bittersweet.

5+ years of waiting, and it's finally here!... Only, it's not like I imagined.

A thread on the ugly/glass-half-empty side of the #Merge from a long-time $ETH bull...
It's going to be impossible to make my argument and not sound whiny or a buzzkill or ungrateful or simply FUDing. That's not my intention. But like with everything, the merge comes with a cost.

However, lemme stress, this is a HUGE accomplishment. Kudos to all the devs involved
Backing up a bit.... blockchains are ONLY worth a damn if they are permissionless, neutral, secure, & censorship-resistant.

That's the truth. If you don't have those, you simply have a corruptible database.

And 99% of the thousands of projects out there don't offer these traits
Read 15 tweets
1/n
El #EthereumMerge sin duda marcará un antes y un después en este #blockchain considerada la segunda criptomoneda más popular del mundo 🌐

Pero ¿Qué es? ¿Por qué es tan importante? ¿Qué implica?

Vamos con un nuevo 🧵
2/n
El #merge es un proceso por el cual #Ethereum dejará de utilizar el mecanismo Proof of Work (PoW) para pasar a utilizar Proof of Stake (PoS).

💡 Ambos mecanismos adoptados por las principales criptomonedas para proteger su red.
3/n
#merge = Fusión, Unión

En este cambio se fusionarán dos redes independientes que funcionan en paralelo que son la capa de ejecución de Ethereum #Mainnet y la nueva capa de consenso Beacon Chain (fase cero).
Read 10 tweets
💊 M6 Daily Bullets 💊

Wednesday, September 14, 2022

A historic day! Le Et hirium Merde is finally upon us. It should from a developer standpoint be fine - lots of testnets and shadow forks have been successful.
Will we see volatility in price? Perhaps.
1/ Things are currently looking fairly flat with #Bitcoin barely holding $20k and ETH struggling to hold $1600.

It’ll be incredibly interesting to see what the sentiment is like once this big event is finally over.
2/ So many market participants have been hyper-focused on this event.

Also pretty wild about Do Kwon - pretty sad when you remember he named his daughter Luna. Lots of hard learned lessons this year.
Read 26 tweets
[THE #MERGE : TOUT COMPRENDRE EN 5 MINUTES]

Demain, la blockchain #Ethereum délaissera le modèle Proof-of-Work pour devenir une blockchain Proof-of-Stake

Explications et impacts de cet évènement historique pour l’écosystème et pour votre portefeuille

#Thread 👇 Image
Qu’est-ce que The Merge ?

Comme son nom l’indique, The #Merge (qui signifie en français “La Fusion”) est une évolution du réseau #Ethereum consistant à fusionner deux chaînes :

👉la chaîne principale (qu’on appelle mainnet)

👉la #Beacon Chain Image
Petite explication :

Depuis sa création en Juillet 2015, toutes les transactions, tous les smart-contracts ou encore tous les soldes des comptes sont enregistrés sur le mainnet #Ethereum

C'est ce qu'on appelle la "chaîne d'exécution" ou "chaine principale" ou "mainnet"
Read 20 tweets
1/ The #Ethereum #Merge is coming soon! It’s impossible to determine the exact date because it is a software upgrade. But what is the #EthereumMerge, and why is it so important?

A 🧵 Image
2/ @VitalikButerin claims that #Ethereum will be able to process "100,000 transactions per second" following the completion of 5 key phases:

1. The Merge

2. The Surge

3. The Verge

4. The Purge

5. The Splurge

A quick breakdown of the stages 👇
3/ The Merge.

The merging of the mainnet and the Beacon Chain.

#ETH:

1. Becomes a deflationary asset
2. Cuts power usage by 99%

The date of this upgrade is currently around September 15th, 2022.
Read 8 tweets
Some say the #Merge transition effect of #ETH from POW to POS would be the equivalent of triple-halving of Bitcoin.

Let’s understand why it is so, and what’s different.
🧵👇
1/7
“Halving” first came from the #Bitcoin blockchain, where rewards in the form of Bitcoins were awarded to miners who helped to “secure the blockchain”.

If the block of assembled transactions is accepted and verified by other miners, then the miner receives a block reward.
2/7 Every 4 years (approx.), the rewards for #BTC miners issued out are reduced by half.

The reward started at 50BTC per successful block and now it is down to 6.25BTC per block after 3 halvings.
Read 9 tweets
🚨Things you need to know Before/After the Merge & BEWARE Replay Attacks? 🎯🕵️

The #Merge is less than 10 days away like it or NOT but What should we expect and do with our $ETH, Staking, and #NFTs

Let's explore the Myths/Risk and the Truth around it.

🚨🚀🍻 🧵⚡️🕵️
1/13
Before we start if you haven't checked my last thread 🧵about the forks and the potential #Airdrops that come with #merge make sure to check below :)
Your Like/RT/ comment and follow are highly appreciated. ❤️

2/13
The Merge is tentatively scheduled for September 15. The countdown to #Mainnet is based on a target #TTD of #58750000000000000000 💥

The merge is simply a change of consensus mechanism used to verify #transactions and secure the #network.
Read 14 tweets
There's a lot of buzz around the Merge and the #ETHPoW airdrop. But did you've ever gave these things a second thought:
- The exchange where you'll your $ETHW
- Liquidity
- Buyers
- Whoever else is going to sell
- (Of course the operational risks as well!)

👇🏽🧵
/1 @bobbyong posted a good thread about how to take advantage of the Merge. But I think that, after doing some guesstimates, it won’t be that attractive to chase the airdrop itself. However if you got some longterm $ETH, it can be beneficial.

/2 According to Coingecko these exchanges currently support the Proof-of-Work fork and is dubbed $ETHW
@MEXC_Global
@gate_io
@Phemex_official
@bitfinex
@Poloniex
@HuobiGlobal announced that they potentially will list $ETHW if turns out to be safe.

theblock.co/post/161913/hu…
Read 18 tweets
The #Ethereum #Merge is coming around Sept 14th. It isn't easy to predict the exact date bc/ it is defined on terminal total difficulty but it will happen around this date.

🧵But what is the merge and why is it so important? This thread should help to explain it.
#EthereumMerge Image
What is the #Merge?
It is a long-awaited change from #ProofOfWork to #ProofOfStake or to be more precise the merging of the #PoW Execution Layer with the #PoS Execution Layer.

This will bring the #Ethereum Chain into a new era by removing miners and using validators instead. Image
Imagine a castle wall: #PoW is a wall made of electricity & if someone wants to break through, they need at least 51% of the total energy in place. #PoS is a wall made of money & if someone wants to break it, they need at least half the money piled up (50% atm: 6.7 Mio #ETH) Image
Read 10 tweets
🚨 ETH Merge AND Potential Airdrops🪂

"The #Merge" is an upgrade to Ethereum that swaps out the current proof-of-work (#PoW) consensus mechanism with a more eco-friendly, efficient, and secure proof-of-stake (#PoS) consensus mechanism.

#Airdrop #Alpha 🚨🚀🍻 🧵⚡️ Image
When the merge occurs the current #PoW consensus mechanism will be fully deprecated and all blocks on Ethereum will be produced via #PoS.

#WEN MERGE? ⌛️
If all goes smoothly, #Ethereum developers expect the merge to take place during the week of September 15, 2022 Image
Now that the #merge is actually happening and people seem to be super excited about it, obviously, some people didn't like that idea and decided to do their own #fork out of #Ethereum. The good news here is we can win something out of this once happens.🪂🍻 Image
Read 8 tweets
1/n
Increasing the no of users on-chain requires faster execution times, higher security, & cheaper txn fees.

#Sharding is one solution that claims to scale blockchains to process up to a million txns per second.

What's sharding? How does it work?

Let's find out 🧵👇 Image
2/n
In non-sharded blockchains, each node is responsible for processing every transaction and storing the entire state.

Even if there are 1000 nodes (⬆️ nodes = ⬆️ security), the TPS of the network is limited to the processing power of one node.

This creates a bottleneck.
3/n
Sharding is one of the most viable solutions to this problem.

It focuses on splitting the blockchain into smaller pieces called "shards."

Each shard can process a portion of the total transaction processing load, increasing the network's processing power. Image
Read 32 tweets
#GM!
1/ What is Maximal Extractable Value (#MEV)? How does it become an integral part of the #blockchain network? How does MEV work? All of your questions will be answered in our latest #visualguide.

#Ethereum #cryptocurrency #TheMerge $ETH #DeFi Image
2/ In the blockchain transaction ordering process, the block producers are responsible to aggregate, selecting, and reordering transactions in the #blockchain network based on the given economic incentives thus creating opportunities for #MEV Image
3/ #MEV refers to the maximum value that can be extracted from a block more than the standard block reward and gas fees by including, excluding, and changing the order of transactions in a block Image
Read 21 tweets
Ya viene el #Merge de Ethereum y con él varias preocupaciones de parte de la comunidad, debido a las implicaciones que conlleva transicionar a PoS.
Recientemente en @TuneBlock hemos analizado algunos artículos sobre el tema 1/16
Acá dejo 2 artículos del livestream del lunes pasado. Si quieren saber más sobre lo que se comentó al respecto pueden ver la grabación en el YouTube de @bitcoinemb y escuchar el episodio sobre Forks de @TuneBlock en #Spotify 2/16

criptonoticias.com/regulacion/dej…

criptonoticias.com/tecnologia/mer…
Recientemente el caso de #TornadoCash nos abrió los ojos respecto al poder de los reguladores para censurar direcciones e interacciones de usuarios valiéndose de intimidaciones hacia diferentes empresas. 3/16
Más sobre el tema:
Read 16 tweets
1/ Five things you need to know about the Ethereum #Merge.

Time for a 🧵 👇
2/ The Ethereum network is currently undergoing a massive and exciting new revamp called the Merge (originally called Ethereum 2.0), which is officially scheduled to take place on September 19.

But why are these upgrades necessary in the first place?
3/ Launched in 2015, the Ethereum network quickly became a victim of its own success and began to suffer from a variety of scalability issues as well as from high gas (or transaction) fees.
Read 42 tweets
1\6
Lobster Daily #506 – Daily Recap – 16 August:
2\6
1. Censorship resistance at the tx level🤌🏼
Link to discussion👇
t.me/lobsters_chat/…
Link to discussion👇
t.me/lobsters_chat/…
3\6
2. @Coinbase Will Pause #ETH Deposits and Withdrawals During #Ethereum #Merge🛑
Link👉cryptobriefing.com/coinbase-will-…
Link to discussion👇
t.me/lobsters_chat/…
Read 7 tweets
Ethereum Merge yaklaşıyor!
Nedir bu #merge ve neden bu kadar önemli. En basit haliyle anlatmaya çalışacağım. Proof of work ile çalışan #Ethereum blok zinciri Beacon Chain zinciri ile birleşerek proof-of-stake sistemine geçiş sağlanacak. Ancak bu daha başlangıç. Image
Birleşme ile daha az enerji tüketimi ile beraber
1.Güvenlik,
2.Sürdürülebilirlik
3.Ölçeklenebilirlik konularında gelişmeler hedefleniyor.

Bu haberin fiyata olumlu bir etki yarattığı aşikar. Geçen hafta gelen enflasyon verisi de piyasaların rahatlamasını sağladı. Image
Ancak sürdürülebilir bir rahatlama için enflasyon verisinin önümüzdeki aylarda da düşmeye devam etmesi gerekir. Bu çarşamba günü Fed, toplantı tutanakları yayınlanacak yeni faiz kararı ile ilgili ipuçları bulacağız.
Read 6 tweets
I tried to find a way of using both the POS / POW chains, after the $ETH #Merge, that's 100% safe vs. replay attacks.

I would appreciate any (in)validation, from anyone more knowledgeable!

1) Before the merge, send assets from your main wallet "A", to a temporary wallet "B"... Image
2) Also before the merge, prepare an empty wallet "C". This will be the one you will be using on the POW chain.

3) After the merge, send all assets from wallet "B" to "A" on POS. And all assets from wallet "B" to "C" on POW.

4) Ensure no replay attacks up to this point ⚠️
... i.e. ensure that wallet "A" has all your POS assets, and wallet "C" has all your POW assets.

5) Continue using wallet "A" ONLY on POS, and wallet "C" ONLY on POW.

No replay attacks will be possible from this point on, b/c wallet "A" is empty on POW, and "C" is empty on POS.
Read 5 tweets
#Ethereum to the moon or magma? The #EthereumMerge explained

The Merge is joining #ETH's new Beacon Chain proof-of-stake consensus layer with its current execution layer, the Mainnet we use.
Instead of employing energy-intensive mining, it uses staked #ETH to secure the network.
This is an exciting step toward reaching greater scalability, security, and sustainability, which are Ethereum's central vision.
The proof-of-work has secured the Ethereum #blockchain since the genesis block in July 2015.
Ethereum launched with a proof-of-work(#PoW) consensus algorithm in 2015; Throughout Ethereum's history, developers have been hard at work preparing for an eventual transition from proof-of-work to proof-of-stake. Finally, On December 1, 2020, the Beacon Chain was created.
Read 9 tweets

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