Posts for Tag: ETH

EIP-1559: Are you ready?

This is really exciting for Ethereum. I think this is positive and we'll see the price increase by year end. Today ETH is about $2,700. There are only about 12 hours left before this is implemented. 

Learn more about the upgrade from Coinbase here

Check out the countdown to the upgrade here

GameStop dips toes into the NFT game

Well, this is a big surprise. It appears GameStop, the meme stock, just went live with their NFT website.

It doesn't have much except that they're looking to hire a team. 

What's really intriguing is that there's an Ethereum wallet address (0x13374200c29C757FDCc72F15Da98fb94f286d71e) -- a subtle nod to the gaming crowd: 1337 = leet (as in elite) and 420 = well, weed.

Clever redditors have pointed out that GameStop is looking to launch their own ERC-20 token in July. Click here for a more in-depth analysis.

Ethereum powers the (ERC-20) world

I've been a firm HODLer believer since I got started with crypto (which is only a few months), but with the quick rise in BAT, I feel it's time for me to temporarily unload my holdings. This is my first time transferring an ERC-20 token to Gemini so I had to spend gas on the Ethereum network. A few takeaways:

  • Gas is used to fuel all ERC-20 transfers
  • You pay Gas in ETH, despite transferring ERC-20 tokens
  • Gas prices fluctuate every single minute, so what you saw as "normal gas prices" when sending your transfer may change by the time it reaches the Ethereum network
  • Failed transfers consume gas, but you still get to keep your ERC-20 (those don't leave your wallet)

Some helpful resources to find out how much gas to spend based on real world tracking:

https://etherscan.io/gastracker

https://www.ethgasstation.info/index.php

Intro to How Ethereum Works

I am going to start a new series where I post a short video (approx 10 mins or shorter) each Sunday about cryptocurrencies. Today's video is about how Ethereum works. Even for a newbie like me, I understood what a Merkle Tree is and how it relates to blockchains. Hope you enjoy this short video.