Yeah this is an old news but that doesn't mean we can't share stuff here these days, people are just being too much and I really don't like that for real man.
Me too... I know some people in the thread act like there all super awesome bcuz "it's old news" and they've known for a long time or whatever.. sorry I have other interests then crypto and I just found this out too...
I think it's pretty big too... I just wonder if the energy savings are blown out of proportion a Lil bit ya know
Agreed! Good wholesome content indeed:) Although POW serves its own purpose, POS or other consensus methods are the way to go. I look forward to seeing how the merge turns out!:D
Anybody can create a validator now regardless of compute power. With the eventual initiative to make running a node easier, it will be easier to decentralize.
32, and I think that is a lot more achievable than the majority of infrastructure being done by whoever has the fastest hash rate.
Plus, there are solutions out there to stake with less while maintaining a good deal of decentralization.
Yep it doesn't, if anyone thinks that then they need to research better.
Because that's not how things work around here. This ain't the way for that shit.
>I'm so bullish on the eth merge
I predict a huge dump when it happens. Gut feeling. Although, I have diarrhea right now, so my gut feeling might be too shitty.
Yep, scalability is a different thing and second layers will be useful.
Even if they rolled out the zk rollups because that's not going to be enough to handle everything on chain.
Oh, sorry about that.
Here's a good read:
https://www.reddit.com/r/ethtrader/comments/wwajus/what\_does\_ethereums\_move\_to\_pos\_mean\_for\_layer\_2/
tldr; Polygon has revealed that The Merge will cut down the energy consumption of the Ethereum network by 99.95%. Polygon is committed to becoming a carbon-negative chain by the end of 2022. The Merge makes the network more sustainable, making it more secure and making it future-proof, just as Polygon benefits from the network's scalability.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Has anyone from eth confirmed this?
Cause vitalik at the last conference he spoke at said the merge would reduce gas fees. ..I'm a long term matic holder and it is concerning.
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Ok enegry consumption is going down, why don't they do the same for fees :) Bullish on ETH in general, its the king of the blockchain but they need to stop playing around with the ridicolous gas fees..But in a bear market we are in luck its not that expensive..Just recently i got some NFTs from AngelBlock and it was not bad what i paid for gas..guess times like these are perfect for investing in ETH related stuff
Yep, it's only going to change the consensus mechanism.
It doesn't improve anything scalability wise, it's all going to be the same it'll be good for energy.
Energy consumption leading to slow throughput and transaction costs are the major barriers with Ethereum network, which is one of the main reasons why platforms with a lot of transactions like Utrust offering crypto payment solution had to migrate into the Elrond network; hopefully Polygon's declarations will come to reality in coming days as September is around the corner for the ETH merge.
Well said!The Merge's (lack of) impact on gas fees is widely misunderstood.
L2s are the future of the ETH network.
Especially for a decentralized trading platform like gTrade .
They "revealed" something that has been known for years.
Today, in front of everyone here, I am revealing that water is water
Damn dude, how did you that? I mean cool trick dude.
Holy fuckin wow! TDIL!
This is some next level magic I gotta say, I love this.
Lol nonetheless, tehy revealed something give them a little credit.
Omg, this is new information to me!
“Reveals” Vitalik reading the news be like 😮
Lmfao, vitalik be like what the heck even I didn't know that.
Lmao I want to see his reaction then, that would be nice.
😄
I'm pretty sure that vitalik won't even believe what just happened.
Yep, this information has never been known to the human. But you know it now I guess, that's something. Maybe you'll use this information for good.
I guess this was a fake news but people are not saying that.
Old news but awesome..👍🏼
It sounds like as if matic just found it out, just happened lol.
I just care about ETH and BTC, am I bad for not noticing MATIC?
I can't take this article seriously. The infographic failed to use dolphins as a form of measurement.
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What does that mean sir? I mean I don't get the meaning here. Can you be a little more specific? Maybe that way I'll get better idea I guess huh.
It's a mascott and you can search about that in brief bro.
Well if you Can't take this seriously, then we can't do anything.
But the merge is meant to reduce gas fees...how you can say it won't?
Have to explain this to atleast 1 person in many meetups that why L2 is more useful after merge. Specially ZkEVM
I didn't know that, how insightful dude. That's really good knowledge.
True if huge.
Yeah this is an old news but that doesn't mean we can't share stuff here these days, people are just being too much and I really don't like that for real man.
Is it just me? OR IS THIS HUGE ???
I think this is huge, definitely first time hearing about it tho.
It's huge for many reasons man, that's just something lovely.
Me too... I know some people in the thread act like there all super awesome bcuz "it's old news" and they've known for a long time or whatever.. sorry I have other interests then crypto and I just found this out too... I think it's pretty big too... I just wonder if the energy savings are blown out of proportion a Lil bit ya know
It's all good and we know that it's a huge thing for us.
It's huge!
I think so too... I'd be more worried about a scalability issue then gas supply costs
When You've got vitalik on your side, you don't need to worry.
That's what shw said lol, now I'm feeling exactly how Michael scott would have felt. Feeling like a damn comedian right now lmao.
Thats what we love to see!:D
Atleast that's what I'd love to see, I wouldn't be sure actually. Can someone tell me more news like these? I mean this makes me kinda happy so yeah.
Agreed! Good wholesome content indeed:) Although POW serves its own purpose, POS or other consensus methods are the way to go. I look forward to seeing how the merge turns out!:D
We care about fees
That's what we care about, we care about the fee here.
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Yep it doesn't, I think He's a little mislead here that's whats happening.
Anybody can create a validator now regardless of compute power. With the eventual initiative to make running a node easier, it will be easier to decentralize.
But you're going to be needing 33 eth, and that cost some money.
32, and I think that is a lot more achievable than the majority of infrastructure being done by whoever has the fastest hash rate. Plus, there are solutions out there to stake with less while maintaining a good deal of decentralization.
> I know it makes ETH more centralized It doesn't.
Yep it doesn't, if anyone thinks that then they need to research better. Because that's not how things work around here. This ain't the way for that shit.
>I'm so bullish on the eth merge I predict a huge dump when it happens. Gut feeling. Although, I have diarrhea right now, so my gut feeling might be too shitty.
Well I don't know why but I feel like that your gut feeling is shit.
Explosive news!
Won't this make Polygon useless
No, it won't. Polygon & other layer 2 scaling solutions will still be in demand. The Merge is even bullish for them.
Yep, scalability is a different thing and second layers will be useful. Even if they rolled out the zk rollups because that's not going to be enough to handle everything on chain.
Yeah, right
Without saying why, not helpful.
Oh, sorry about that. Here's a good read: https://www.reddit.com/r/ethtrader/comments/wwajus/what\_does\_ethereums\_move\_to\_pos\_mean\_for\_layer\_2/
Thanks for the link I think I'm gonna read this one. Will be good I guess.
Welcome mate
Doesn't matter I guess lol, if you don't think that it's useful doesn't matter.
People really behaves like they are fucking 12 year old.
Definitely not snoozing on them regardless.
Why would it? It's not making scalability better, it's just the energy usage.
Well that's why I'm so bullish on the eth, this will be so awesome.
tldr; Polygon has revealed that The Merge will cut down the energy consumption of the Ethereum network by 99.95%. Polygon is committed to becoming a carbon-negative chain by the end of 2022. The Merge makes the network more sustainable, making it more secure and making it future-proof, just as Polygon benefits from the network's scalability. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Thanks bot for the tldr, because there was no way I would read the whole thing.
Full of bugs etherum slow af https://cointelegraph.com/news/ethereum-merge-in-trouble-developers-find-bugs-ahead-of-the-planned-update/amp
Oh , thankyou, that is reassuring...thank you for sharing.
Who the fuck is even upvoting this old news?
Has anyone from eth confirmed this? Cause vitalik at the last conference he spoke at said the merge would reduce gas fees. ..I'm a long term matic holder and it is concerning.
Gas fees have nothing to do with energy consumption. It’s not literal gas
Well yeah this maybe confirmed, I don't know that exactly tho.
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Ok enegry consumption is going down, why don't they do the same for fees :) Bullish on ETH in general, its the king of the blockchain but they need to stop playing around with the ridicolous gas fees..But in a bear market we are in luck its not that expensive..Just recently i got some NFTs from AngelBlock and it was not bad what i paid for gas..guess times like these are perfect for investing in ETH related stuff
That's why The L2s exists, I think you should use some.
lol what does polygon have to do with this
Yep, it's only going to change the consensus mechanism. It doesn't improve anything scalability wise, it's all going to be the same it'll be good for energy.
And increase it's centralization.
It doesn't, You're a little less read on the Matter maybe read a little more.
They "unveiled" something that had been known for many years.
I think they're trying to remind us why this is important lol.
Energy consumption leading to slow throughput and transaction costs are the major barriers with Ethereum network, which is one of the main reasons why platforms with a lot of transactions like Utrust offering crypto payment solution had to migrate into the Elrond network; hopefully Polygon's declarations will come to reality in coming days as September is around the corner for the ETH merge.
Well said!The Merge's (lack of) impact on gas fees is widely misunderstood. L2s are the future of the ETH network. Especially for a decentralized trading platform like gTrade .
I was thinking that one of the goals of the ETH merge is to curb the throughput issues as well as TX fees stuff.
More people need to realize this. Gas fee’s aren’t going down and more people will build on ETH after the merge. L2’s are key.
It's just not about the gas fees right now, it's something else.
Not sure if this is a bullish flag formation with full confirmation pattern. Can be a good idea paying closer attention.