#ERC20tokens

[ladookhotnikov]

How to Make a Million on Crypto: Insider Trading, Analysis or Luck?

According to a report of analyst company Solidus Labs “the insider trading in ERC-20 tokens ahead of their listing on centralized exchanges (CEX) is booming”. As a result of the analysis suspicious transactions have been detected before the main listings of ERC-20 tokens in 56% of cases. ERC-20 tokens, which are based on the Ethereum blockchain, are often available for trading on decentralized exchanges (DEXs) long before they appear on centralized exchanges.

According to the report more than 50 entities involved in suspicious transactions have been identified in connection with token listing announcements on the top three crypto exchanges. The report also reflects that much of the suspicious activity is related to repeated insider trading.

As soon as a listing on centralized exchanges is announced the insiders buy their tokens causing the usual price increase. Solidus Labs analysts have analyzed 234 listing announcements for ERC-20 tokens and found suspicious activity in 411 transactions involving more than 100 insiders.

Insider trading and market manipulation are major issues in cryptocurrencies. Small and centralized crypto projects are particularly vulnerable to these types of activities while larger and decentralized coins such as Bitcoin (BTC) are less exposed to these risks.

#blockchain #cryptocurrency #crypto #bitcoin #money #news #insidertrading #ERC20tokens #centralizedexchanges #decentralizedexchanges #SolidusLabs #marketmanipulation #Uniswap

[sakshi-25]

Difference Between ERC 20 And BEP 20 Tokens 

The main difference between ERC-20 and BEP-20 tokens is the blockchain network that they operate on. While both standards share similar functionalities, such as the ability to transfer tokens between wallets and the capability to execute smart contracts, the difference in blockchain networks can affect token speed and fees.

ERC-20 tokens operate on the Ethereum blockchain and are widely used in the decentralized finance (DeFi) ecosystem. These tokens have been in circulation since 2015 and have become the basis for many other tokens and ICOs. ERC-20 tokens are popular among crypto traders and investors, with a larger market capitalization than BEP-20 tokens.

On the other hand, BEP-20 tokens operate on the Binance Smart Chain, which was launched in 2020. This new blockchain network offers faster transaction speeds and lower fees than Ethereum, which has encouraged the adoption of BEP-20 tokens. These tokens are backed by Binance, a leading cryptocurrency exchange, and have gained popularity due to their compatibility with the Binance ecosystem.

#BEP20Tokens #ERC20Tokens

[im-productreviews]

How To Buy Ethereum

It has been a very exciting time to be in the world of cryptocurrency and blockchain technology. It was only a few years ago that Bitcoin was first introduced as an anonymous way to send money online. Today, we are seeing the emergence of new forms of cryptocurrency that have been created by developers who want to make the process of sending and receiving money easier. There are now over 1500 cryptocurrencies out there, but one of the most popular ones is called Ethereum. This cryptocurrency has quickly become one of the most popular ways for people to buy and sell digital assets.

Ethereum is a decentralized platform that allows you to create your own applications and smart contracts. The idea behind Ethereum is to allow anyone to build their own decentralized application or dApp. These applications will run on top of the Ethereum platform and will have the ability to communicate with each other. A lot of these dApps will be built using the programming language called Solidity.

One of the main reasons why people love Ethereum is because they can use it to create their own tokenized assets. If you have ever heard of a token, then you know that it is basically a digital asset that is used to represent something else. For example, if you have ever seen the movie "The Social Network", then you will remember how Mark Zuckerberg used his Facebook token to represent ownership of Facebook stock.

Another reason why people love Ethereum is because it allows them to create their own currencies. The currency that is used to pay for transactions on the Ethereum network is called Ether. You can purchase Ether from exchanges like Coinbase or Gemini. Once you have Ether, you can use it to buy tokens from different projects.

The most popular project that uses Ethereum is called ERC20. ERC stands for Ethereum Request for Comments and ERC20 is a standard that all Ethereum tokens must comply with. This standard defines what information a token needs to have in order to be able to be traded on the Ethereum network. The ERC20 standard is based on the idea that every token should have a unique address that identifies it. The address is similar to a bank account number. When you send Ether to someone's address, it is like giving them a check. They will receive the Ether and they will need to deposit it into their own address before they can spend it.

There are a few things that you need to keep in mind when you are buying Ethereum. First, you need to make sure that the exchange you are using is regulated by the United States government. Second, you need to make sure the exchange is secure so that hackers cannot steal your money. Finally, you need to make sure you have enough Ether in your wallet to cover any transaction fees. If you follow these steps, you should have no problem buying and selling Ethereum.

https://popscrypto.com/index.php/2023/01/23/how-to-buy-ethereum/

#blockchain #dapps #erc20tokens #ethereum #ethereumsmartcontracts #crypto

[wazirx]

#erc20tokendevelopment #erc20tokenapp #ethereumtokendevelopment #erc20token #crypto exchange #cryptocurrencies #enterpreneur #crypto #blockchain

[crispypeacefun]

ERC20 is the standard token that was developed in #ETH. Like #ERC20, there are enormous kinds of tokens. Willing to know more about #crypto tokens?

Click on the link: https://www.alwin.io/erc20-token-development-company 

Reach  us: https://www.alwin.io/

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#erc #erc20 #erc20token #erc20tokendevelopment #token #tokendevelopment #tokens #ethereum #ethereumnews #tokennews #build #security #tokentransaction #usa #uk #middleeast #europe #northamerica #blockchaindevelopmentcompany #southamerica #northafrica #southafrica #spain #france #brasil #london #korea #china

[cryptobusiness1]

ERC20 Token Development  services 

ERC20 Token development is the process of developing and implementing ERC20 tokens as per the business requirements. ERC20 is the most commonly used Token standard of Ethereum Blockchain for raising funds. It has similar functionality to Ethereum coins where it holds the value to send and receive. Know more @ https://bit.ly/3ApRmlE

#ERC20 token development #create ERC20 token #Ethereum #ETH #ERC20Token #ERC20 #cryptocurrency #Blockchain

[arashtadstudio]

ERC-20 Token Smart Contract (Part-3): Welcome to this brand new course about blockchain. In this course, and in the upcoming ones, we will make you familiar with everything you need to know about blockchain. We will also teach you some of the latest blockchain coding skills so that you can enter the fascinating world of decentralized applications. In this video, we will learn about ERC-20 token smart contract. The general idea behind the "ERC20Token" smart contract is to provide a standardized implementation of a fungible token on the Ethereum blockchain. This contract allows for the creation and management of tokens with a specific name, symbol, decimals, and total supply. Users can transfer tokens from one address to another, and the contract ensures that the sender has sufficient balance. It also includes functionality for approving and managing allowances, which allows third-party addresses to spend tokens on behalf of the token owner within a specified limit. By adhering to the ERC-20 token standard, this contract enables interoperability and compatibility with various decentralized applications (dApps) and exchanges within the Ethereum ecosystem. Github Repository: https://github.com/arashtad/Arashtad-Smart-Conrtacts Watch The Video on Youtube

[protecthoracademy]

Bitcoin 3333 Euro. Ohoh. I need an other Coin/Token. Perfectly I have one. #protecthor #procethoracademy #kryptokon #crypto #digitalcurrency #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews #bitcoins #bitcoincash #money #successfully #successfully #financialfreedom #financialeducation #financialfreedom #erc20token #erc20tokens (hier: Berlin, Germany) https://www.instagram.com/p/BqmuJnUghUC/?utm_source=ig_tumblr_share&igshid=14irmiv99car2

#protecthor #procethoracademy #kryptokon #crypto #digitalcurrency #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews #bitcoins #bitcoincash #money #successfully #financialfreedom #financialeducation #erc20token #erc20tokens

[cryptosoftwares]

Here is the complete guide to Create your ERC20 Token in less than a minute from here :

https://cryptosoftwares.com/blog/how-to-create-erc-20-token

#cryptocurrency #blockchaitechnology #blockchain #guidelines #ethereumtoken #ethereum news #ethereum #erc20 #erc20tokens

[sakshi-25]

Difference Between ERC20 And BEP20 Tokens

ERC20 and BEP20 are both token standards for token creation on the Ethereum and Binance Smart Chain (BSC) blockchains respectively.

The main difference between the two is that ERC20 is a token standard on the Ethereum blockchain, while BEP20 is a token standard on the Binance Smart Chain.

ERC20 sets certain technical standards for the creation of tokens, such as the way they transfer and store data. BEP20, as a similar standard, has some added features compared to ERC20, such as faster transaction processing times and lower transaction fees.

#ERC20tokens #BEP20tokens #Cryptotokenservices #Tokendevelopmentcompany

[ico-development-company-stuff]

Asset Tokenization Platform-ICO App Factory

What is an Asset Token or Asset Based Tokens ( ABT )?

With the emergence of Blockchain, the concept of ‘Tokenization Blockchain’ is becoming mainstream. Lets go back a little and start with Cryptocurrency. The era of crypto witnessed many coins being born ( Bitcoin, Ether, Neo, Zcash etc. ). It became clear to the world that anyone can create a coin based on an algorithm and pre-defined logic ( There are 4000+ coins at this moment ). This trend shifted to people creating Utility tokens, which are again a cryptocurrency that was used to facilitate an event or transaction in a business logic ( Ex: XRP is used to transfer money across borders ). These coins or tokens were priced and traded. This gave launch to something called the Initial Coin Offering (ICO ).

But then many ICO’s crossed the barrier of being just a Utility token, to being a share of the issuing company. The regulatory bodies across the globe took notice and started issuing strict warning on this. So, was born the Security Tokens. These Security Tokens were created with the prime Moto of issuing shares or stocks of the company. It followed all regulations the bodies like SEC required. It gave rise to the Security Token Offerings ( STO ) via. Which people were able to raise funds for their business idea from across the globe seamlessly. Think of it like a normal IPO, but more scalable in nature.

As Security Tokens and STO became a trend, there was more research going into tokenising more assets. People wanted to tokenise other things like Commodities, Real Estate, Gold, Agriculture yield, Art, Credit Card… anything …you name it. Soon was born the concept of Asset Tokenization. These tokens were backed by real world assets. They were called as Asset token or Asset Based Tokens (ABT). Investors who bought the Asset Tokens were given Proof of Asset Tokens which they can hold or trade these tokenized assets in Asset token exchanges. Also was born the trend of Token Generation Event (TGE) or Initial Token Offering (ITO). Since any Asset of any form was tokenised, this trend also got to be known as ‘Tokenizer for X’ or ‘Token for X’ ( where X can be substituted by any Asset or commodity etc. ).

How does Asset Digitization work?

In the modern world, digitizing assets of any type is possible in a snap. The Asset can be anything ( Real Estate, A High Rise, Apartment, Gold, Art, Agriculture, Cannabis, Textile etc.). Using an Asset Tokenizer, you digitize the asset by splitting it into any number of Asset Tokens. Once the Asset Digitization is done, you can price each asset token and sell it. Using an Asset Tokenization Platform, you can sell the Asset Based Tokens ( ABT ) to investors world wide.

Thanks for watching our content, to know more about our services. Kindly Visit our Website:

ICO App Factory

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[phone]

#bitcoin assettokenization securitytokens utilitytokens XRP ETO #erc20tokens #cryptocurrencywallet #blockchain technology #equitytokens

[cryptosoftindia]

Guide for Creating a White Label Cryptocurrency Exchange

Exchange is the primary platform from where you can start your journey in crypto trading, but the things are being optimized and new concepts are making their way into the market. With White label Cryptocurrency Exchange development, the changes are becoming acceptable and the number of crypto enthusiasts is increasing rapidly.

What is the Whitelabel Cryptocurrency Exchange?

A whitelabel crypto exchange is nothing but an off-the-rack version of exchange platforms. They come with high functionality and robust backend which makes the trading experience for every single crypto enthusiast better. The best thing about these exchanges is that they can entertain small changes as well even if they are in a ready-made format. Things like business logos and color themes could be chosen as per the requirement of your business.

Advantages of White Label Crypto Exchange

Saves Money and Time both:

The ready-made platforms are much when it comes to saving time and money both. That’s because an exchange which has already been developed comes with its own features equipped in the framework. You can easily choose the platform as per its portfolio of features which means you won’t have to spend time assembling a team and managing the entire development process.

They are already tested for the production environment which assures you of no errors. It saves plenty of time which you spend on testing which eventually costs money as well. You don’t have to go through different phases of development in which the app has to go through various changes. You don’t have to wait for weeks or months to get a functional exchange.

Scope of Customization

These softwares come with the basic features which cannot be changed, but you can make small changes as it is mentioned earlier. And they can be done without bringing a major alteration in the main structure. However, you get to make small changes in the interface as per your requirement.

You can easily change the logos time and again without any hassles. It makes easier for you to rebrand your exchange and launch again if you need to. With this feature, it becomes very easy for anyone to get into the crypto trade and introduce their own platform.

Swift Deployment

Since it comes in and out of the box state, it can be very quickly deployed with any hassle. It means that you can start with your exchange without wasting a single minute. All you need to do is to install and configure the platform into the production environment.

Always Reliable

It is totally reliable and actually works much better than the version which is customized to the hilt. They come with solutions and patches which you can quickly implement to get rid of any issues if they arise. You get a very high level of stability when you use a white-label exchange platform.

No need for technical expertise

Another reason which makes this particular platform absolutely indispensable. They are very easy to handle and you don’t need to have any technical expertise for managing them. You may have to obtain some know-how for a customized solution but not for this one.

As it already comes with integrated solutions, you practically don’t need to make any effort for handling this type of exchange. Just launch it and go about your business.

Software Modules and Features

There are various modules that software is equipped with and based on them, the functions vary. So before you make a final decision, you need to also check the features and modules very carefully. The things that you need to consider are the trading engine, user interface, and wallet which are the most pivotal features that make users like a particular platform more than others.

Things like a well-designed admin panel for effective handling is a must-have for every administrator. There are some essential features that help you tackle the whole thing very effective and you cannot manage things without them. Thus, you need to be considerate of all those attributes which make trading a better experience.

 Thanks for Watching Our Content, to know more about our services .Kindly Visit Our Website: https://www.cryptosoftindia.com/

#cryptocurrencymlm #cryptocurrencyexchange #whitelabelcryptocurrency #bitcoin #blockchaintechnology #cryptocurrency #cryptocurrencyexchangeplatform #ERC20tokens #cryptofiatwallet #tokenwallet #peertopeerexchange

[alyssa147]

Liquidity mining is a way to earn more digital currency by holding it. It lends my money to others through a magical computer program called smart contracts. In return for my services, I will earn fees in the form of digital currency

However, there are two types of liquid mining: pledged mining and unpledged mining

They mean different things. Pledge mining requires collateral for my digital currency, and non-pledge mining does not require collateral for my digital currency

It's essentially the same as a bank, but the benefits are different, it's more convenient than a bank, if you make a large transfer in a bank, you might have to go through some trouble to do that, but in a digital wallet no matter how big a transfer I make, I'm not hindered because digital wallets are decentralized

Just like the bank, there is no threshold, but the minimum deposit is $200, because when you dig the mine, the miners will charge you 0.004 ETH, which is about $12

I only do unsecured mining because I use a digital wallet as my bank account and I use it because of its speed. If I use pledge mining, I don't think my funds can be transferred at any time, but if I do pledge free mining, my digital currency is stuck in my wallet balance and I can call it at any time. The Defi project implements a mining mechanism called "smart contract". It's not particularly high, but it's certainly much higher than banks.

#Cryptocurrencies #eth to btc #ethereal #erc20token #trc20 token development #ukraine usdt donations #usdt

[ethereumchainsize]

Proof of Stake vs Proof of Work

As the merge approaches, more news and poorly informed crypto-journalist articles will come out, signaling to more people that it is indeed close, and this will bring more Proof-of-Stake related questions and discussions rehashing the same topics and same misconceptions. I've already seen this to a degree with last week's announcement that the Kiln testnet successfully merged, and I expect to see much more of the same stuff going forward so here are a bunch of common questions/takes I see, boiled down in quick bullet points like I did in my previous post that was more about Ethereum in general.I plan on lazily linking this thread whenever I see those points being brought up, and I encourage everyone to do the same and correct me if I got anything wrong or suggest any addition.Wat merge? A lot more info can be found on ethmerge.com so I will keep this section light When the merge happens, Ethereum will be secured by Proof of Stake instead of Proof of Work. The Merge is not "ETH 2.0", there is no ETH 2.0, it's an obsolete term. If you currently hold ETH, you don't need to do anything. You will still hold the same amount of ETH after the merge, there is no "ETH2 coin", no need to migrate anything, etc. Everything sames exactly the same, only the consensus mechanism changes. It's called "merge" because it's about merging the Beacon Chain (consensus layer) with the current chain (execution layer) and ditching the proof of work part of the execution layer. If you don't know, "consensus" is just a fancy word for the goal of ordering transactions and getting some economic guarantee that this order won't change. Both PoW and PoS achieve consensus by different means: PoW: "It costs too much to mess up with the order of blocks, playing by the rules is more lucrative." PoS: "It costs too much to mess up with the order of blocks, because if I do I'll lose all the money I put up as collateral."Why merge? Lower security costs since there's less energy needed to achieve consensus. For PoW you need miners to be able to at least cover all the hardware and energy they use otherwise no one will mine. This requires a big issuance that is quickly sold for fiat to pay the bills. For PoS you just need to give some yield to stakers to make people want to deposit capital rather than just invest it elsewhere. No big bills to pay beyond an ordinary computer and an internet connection, so the yield just has to reflect the opportunity costs and risks involved. More sustainability: The security of a blockchain is basically proportional to the value of its coin. This is true for both PoW (more valuable coin rewards = more reasons to play by the rules = more miners = harder to mess up the consensus) and PoS (more valuable staked coins = more reasons to play by the rules to avoid losing the staked coins) A newly issued coin is essentially value being taken from all holders of the coin and being redistributed to someone. All else equal, selling that coin for fiat extracts value out of the network It opens the door for many scaling solutions in the future, namely data sharding, statelessness, light clients, and more It helps reduce some complexity of the code going forward, by separating concerns between execution and consensus. Appeasing the environment and gamers is certainly a nice side-effect, but not really a major reason behind the switch to PoS, since it's mostly about external negativities over which Ethereum as a protocol doesn't have much control (source of energy production, GPU supply chains, etc.)Wen merge? There is no official date announced yet. Just cautiously optimistic devs and community hoping for mid-June for various reasons Testing is still ongoing, the merge will not be shipped until developpers are fully confident that nothing will go wrong. I personally don't set my hopes up for June, but I definitely expect it over the summer, with the asterisk of "unless something went extremely wrong during testing" (e.g. a critical bug requiring weeks to fix, possible exploit in the specification itself require months of fixing and

reimplementing) The difficulty bomb is set to go off in June, so there will be a hard-fork around that time, with or without the merge. I suggest bookmarking wenmerge.com for a quick view of the latest estimates for each testnet merge that will lead up to mainnet merge, as they are announced.Nope, your a idiot. They will delay it like they always have in the past. They promised it years ago and still haven't delivered. Some useless sementics first: there is no official date announced yet, and there never was. Can't have a delay on a deadline that never existed in the first place The quotes along the lines of "Ethereum will switch to proof of stake by 2018" came from a place of extreme optimism and of underestimating the complexity of not only a secure PoS design, but also a safe transition from PoW to PoS. A lot is different today. None of these applied back then, but they do today: There is a full protocol specification written that went through years of research, analysis of possible attack vectors and refinements Client implementations are all done, it's all about testing now It's all hands on deck on the merge, there is literally no other work being done other than the merge. All the necessary steps to lead to the merge are done. It's not even "they're done implementing complex stuff like EIP1559, so more attention can now be focused on the merge", it's: "all the attention is focused on the merge". There is no possible world where the merge "gets delayed again" and the devs start working on other stuff on the side. Until the merge is done, nothing else gets done. PoS is literally running as we speak in the form of the Beacon Chain since December 2020. That's over a year of Ethereum's PoS getting battle tested in production (to a degree) with currently over 10 million ETH on the line. It just isn't producing blocks for the execution layer yet.Those millions of ETH staked will crash the price the very moment they're unlocked LOL For sure, there will be plenty of stakers who will want to finally take profit, especially those who locked their ETH back when 32 ETH was worth $10k. But there's plenty more to consider on the other side of the equation: The merge doesn't unlock any ETH. Withdrawals will come in the first hard fork following the merge, likely 6-8 months after. That's months of no proof of work issuance (~13k ETH/day) being sold off and no proof of stake issuance coming into circulation. Just like how there's a queue to deposit ETH, there will be a queue to withdraw it.. Assuming a mass sell-off event, everyone is in that queue, limited at a rate of 1125 valitors per day. So there's no "opening the floodgates" moment. Everyone unstaking would literally take over a year. A year of ~38k ETH/day entering back into circulation (or... roughly 1% of average daily volume) After the merge, validators will start receiving fee rewards as well, doubling the yield by some estimates. There are thousands of people waiting in line to stake right now. They're okay with a 5% yield on their ETH, I don't think they're gonna yeet the moment it becomes 10% lol The biggest risk involved in staking is by far the merge. Something catastrophic could go wrong, yet people have been staking and locking up their ETH for over a year despite this risk and despite the ETH being locked until an unknown floating date. How many people/institutions are waiting on the sidelines for this risk to disappear before jumping in? And don't forget stakers exiting means fewer validators which means higher rewards for the stakers who don't exit. It also means more incentives for other people to start staking if they weren't before... But of course it's crypto, and crypto's gonna crypto. The merge will bring excitement and volatility and possibly a sell-the-news dip, who knows. I don't pretend to know the future, but the way I see it it's much more likely way more ETH will flow into staking than out of it.If proof of stake is so good, then how come Ethereum didn't go with that from the start? Proof of Work is easy to conceptualize and implement, Proof of

Stake isn't. Especially when back in 2014 it was mostly a theoretical concept still being researched, with some blockchain implementing some version of it. There were several fundamental problems with PoS that needed to be overcome from a research perspective before thinking about implementing it. There is no one-size-fits-all for Proof of Stake. Every PoS blockchain comes with its own PoS specification that has pros and cons on various aspects, so it's not as simple as "but this other blockchain did it, why can't ethereum just do the same thing" Starting as a proof of work chain had the benefit of letting anyone mine coins on their own without anyone's permission, which helped the coin distribution become way better than those newer chains that are proof of stake from the start and have to decide how to allocate the initial coins, which can't really be done permissionlessly. Related to above: Yes, there was still a premine/presale for Ethereum, but it has now been diluted to half the supply after years of mining and multiple bull/bear cycles making that ETH swap hands, bringing the distribution closer to Bitcoin's. So it's not that big of a deal in 2022 when Ether as an asset is extremely liquid and easy to acquire.Nah, this is really just a ploy to screw over the miners one last time after years of hard work PoS has been the eventual goal since day 1, everyone mining was always aware that it would end one day. There is no rugpull or unfairness going on here. Economic factors trump any kind of miner-blockchain loyalty. You can kinda view the blockchain as a business and the miners as employees: Miners/employees have been paid for the service they provide (namely, secure consensus) with the block rewards. The paycheck is an expense for the employer and it comes from diluting the value of existing coins from holders (see above in "why merge?") Miners go to the chain offering the highest rewards, most of them would ditch Ethereum in a heartbeat if another GPU minable coin gave out more rewards Similarly, Ethereum will pay less for the service it requires if stakers can do it for way cheaper. It's not entirely exclusive. Miners can also be holders of the coin, and users of the blockchain. Nothing prevents them from holding their rewards and becoming stakers too.The coin stops having inherent value if you're not spending real world energy to mine it I don't really buy this argument. There is nothing magical about computing hashes over and over until you land on one that fits arbitrary requirements. I mean, you could have a proof of work blockchain where the work is done by solving sudoku puzzles and it would work exactly the same: NP-complete problem, hard to compute one way but easy to verify a solution once one has been found. That doesn't mean solving sudoku inherently brings value into the world. Cranking up the mining difficulty of a coin doesn't magically make everyone richer, it just makes mining less profitable – unless of course demand goes up too, which so far hasn't been too much of a problem in cryptoThe way I see it, the value of a coin ultimately comes from supply and demand, and the demand comes from how valuable the blockspace is. People need ETH to buy the blockspace, regardless of whether that ETH is generated by a miner or a staker. Sure, the more miners there are the higher the security/decentralization which further increases the value proposition of the blockspace in a positive feedback loop, but feedback loops exist in Proof of Stake Ethereum too and they're super cool too!Proof of Stake is a recipe for total centralization It's basically the same as Proof of Work but slightly different. "Better" or "worse" really depends on your opinion. The way I see it, PoW is really just PoS with extra steps. Ethereum as a community values decentralization highly, any potential centralization vector is addressed by the research team to come up with ways to mitigate it, even if it's at the cost of other important stuff like scaling (e.g. keeping gas limits low so more nodes can participate in decentralization,

even if that results in congestion and high fees) There are shortcomings currently, decentralization is a spectrum and a process and we're not there yet, and for the time being there are many centralization crutches that need to go away on the long term. That said, none of these crutches represent existential risks for the network, and for practically any "it's centralized because X" statement, there is an item on the roadmap addressing X. I personally find it much more fascinating to come up with a whole bunch of stuff to solve X rather than give up and say "it can't be done because of X". Something interesting about Ethereum's PoS design that is often overlooked: Quadratic penalties. A single validator going down, messing up, or downright attacking the network doesn't get penalized very badly. A thousand validators doing it at the same time get penalized much more heavily. This means that if you're a megawhale with thousands of validators, it's in your own best interest to spread them out, avoid cloud hosting, use different clients, etc. sure, the capital is still concentrated, but at least the points of failures are distributed which is good for the health of the network. Compared to a big mining operation that relies on a central location to amortize costs, which can be spotted from energy usage and shut down if the authorities don't like it. It's hard to move mining equipment across the world, but staking only relies on private/public keys and not any actual hardware beyond a consumer grade computer.PoS is really just "who has money makes more money" Yes. Unfortunately we live in a world of high wealth inequality. Blockchains don't fix that. It's also true of proof of work: Whoever has money can buy more mining rigs and make more money. Except with mining, the ROI becomes better with economies of scale: Centralized mining operations have the big bucks to get bulk/discount rates on hardware and move to the places with cheap electricity. The solo miner simply can't realistically compete. With Proof of Stake, everyone earns the same yield proportionally, where they stake $10 or $10M. "Centralized or not, those big mining operations have no reason to attack the network and weaken it since they dumped millions in infrastructure"....... so you're saying you're fine with such big actors having some kind of a big stake in the network?Passive interest on your deposit though? Printing money out of thin air? That's literally central banks and fiat part 2 electric boogaloo You have to really stretch it to make this case, but I've seen people do that lol. Those takes usually begin with "proof of stake is nothing new" There's still "work" being done by validators: creating blocks and validating other blocks. It's just that the work done is composed entirely of the actually useful work, instead of computing hashes over and over again until one of them meets an arbitrary requirement. It's not really "free money being printed out of thin air", there are still costs involved in staking capital, they're just more abstract and less direct than energy bills: Opportunity costs – Why stake at all if another investment offers you a better yield? Illiquidity – From the moment you deposit, your capital is locked up, queued up until your validator is active, then when you withdraw there is yet another queue before getting it back. Inherent risks – It's still a fairly new thing, something could go wrong, there could be a critical bug, network could get attacked, your staking hardware could get compromised, etc. Volatility – at the end of the day it's still a volatile asset, if you're the kind of investor who denominates their investments in their country's fiat currency, then a 5% yield on an asset that can drop 30% overnight isn't all that great (the upside of 5% yield on an asset that doubles is pretty great though, turn that 100% gain into 110%) Maintenance – You still have to maintain and secure your validator, ensure 100% uptime, update software, etc. Here's where it gets nifty: The more stakers there are, the lower the individual

rewards get. This basically means that all those costs above will get priced by the market itself. It's easy to see why: If the staking yield is too low, then the rewards don't justify the costs and people will pull out and invest elsewhere, bringing the yield back up. Likewise if it's too high, that'll attract more capital and bring it back down. For example, let's say the market as a whole decides that 5% is the ideal yield, of which 3% comes from issuance. That works out to about 30 million ETH staked printing 900 thousand new ETH per year. At a total supply of 120 million ETH, that's an inflation rate of 0.75%. Which is outpaced by EIP1559 burn as long as gas fees are at least 23 gwei. (I cannot stress this enough: Ether-the-asset will become a yield-bearing deflationary asset very soon) "Nice math but there's no supply cap + they change the monetary policy all the time" The goal has been "minimum viable issuance to secure the network" for years, priorizing network security over an arbitrary supply cap. No update to the monetary policy has ever increased supply inflation. Low inflation rate (specifically disinflation) has been the goal since day 1. There will be an equilibrium acting as an effective supply cap – decided again by market forces valuing Ethereum's blockspace – once the rate of EIP1559 burn matches the rate of issuance. That's super nifty if you ask me. So yeah, there's no "central Ethereum bank" adjusting rates arbitrarily and printing money to cronies. The market itself dictates how much inflation/deflation there is, no single entity can control it the way a central bank controls fiat inflation rates.Whales have all the money needed to take over and change the rules and slash honest stakers No. Ethereum has no on-chain governance of any kind for this reason. Protocol updates are a community effort (Layer 0) and you don't need any money staked to call out bad ideas and participate in the process. This is exactly the same as Proof of Work: Even if you have 99% of the hashpower, you can't make invalid transactions that steal people's money without their private keys, or change protocol rules, or really do anything beyond reorganizing blocks. The 1% of honest nodes will reject any block that don't follow the rules and you'll be mining on an invalid/useless chain. Now replace hashpower/mining with stake/staking and the same holds true for Proof of Stake (with the difference that someone caught reorganizing blocks will have their entire stake destroyed, whereas the blockchain can't exactly destroy mining rigs) And simply put, there is a fuckton of ETH involved. 10 million and counting and that's before the merge. At current prices that's roughly 30 billion dollars. Both "amount of ETH staked" and "value of ETH" are projected to go up, so attacks become increasingly unlikely due to the sheer economic cost involved in doing an attack — once — and the absurdity of acquiring that much ETH in the first place if the attack comes from an outside actor (where would you buy 10 million ETH to have 51% of the stake? 20M?)32 ETH is way too much, the average person doesn't have that much I agree it's a lot. There are some ideas of how it could be lowered (better signature aggregation or a rotating cap of active validators) but they don't seem to be very high on the priority list currently, as opposed to making sure the base layer is truly secure. The reason for such a high number is it has to fall in a technical sweetspot. In a nutshell, it has to be low enough to be accessible and have enough validators to secure the chain, but high enough to not have too many validators and bloat the chain with overhead. And having a fixed amount for each validator reduces a lot of the complexity by having each validator weighted exactly the same in the distributed randomness process of who gets to produce each block. There is a whole bunch of math involved to arrive at 32 ETH from a technical standpoint, back when 32 ETH was worth about 7000 USD. Earlier math from 2017 even suggested over 1000 ETH minimum. Thankfully, just like

mining pools exist, there are staking pools to allow staking in smaller amounts. It doesn't necessarily fly in the face of the "not your keys not your coins" mantra, thanks to things like RocketPool, Secret Shared Validators (not yet launched) which use smart contracts to be permissionless, decentralized and non-custodian. And because of the quadratic penalties mentioned above, I believe decentralized staking operations will outperform the centralized ones on the long run. I recommend superphiz's guide to staking for more info. And obviously, I admit staking through exchanges is yucky if you value decentralization Related to above, stuff like Rocket Pool is better viewed as a higher-level abstraction to base staking, rather than "just a staking pool". I go into more details on this here for those interested.PoS hasn't been proven, while we know PoW works That's actually totally fair and there is no real rebuttal to this, obviously. Only time will tell. I just think it's irrelevant in the context that Ethereum is switching to PoS and was always going to. If you don't believe in it, don't participate/invest in it. I do personally believe in a long term sustainable PoS Ethereum, but even then I'm glad good ol' boring-by-design Bitcoin will be there chugging its proof of work along.It's all part of the great crypto experiment of our lifetime. Either it's just a fad and will fail into obscurity, which would be a bummer for sure, or we'll have succeeded in creating monster robust networks capable of outlasting humanity. To achieve that, prioritizing decentralization is key. Which is something I mainly just see in Bitcoin and Ethereum, despite the widely different philosophies. It's why I'm glad to have both to truly see what's what on the long term.I have more questions idk ask them in the comments, I'm sure I forgot stuff. But plz be polite

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[arashtadstudio]

Welcome to this brand new course about blockchain. In this course, and in the upcoming ones, we will make you familiar with everything you need to know about blockchain. We will also teach you some of the latest blockchain coding skills so that you can enter the fascinating world of decentralized applications. In this video, we will learn about ERC-20 token smart contract. The general idea behind the "ERC20Token" smart contract is to provide a standardized implementation of a fungible token on the Ethereum blockchain. This contract allows for the creation and management of tokens with a specific name, symbol, decimals, and total supply. Users can transfer tokens from one address to another, and the contract ensures that the sender has sufficient balance. It also includes functionality for approving and managing allowances, which allows third-party addresses to spend tokens on behalf of the token owner within a specified limit. By adhering to the ERC-20 token standard, this contract enables interoperability and compatibility with various decentralized applications (dApps) and exchanges within the Ethereum ecosystem. Github Repository: https://github.com/arashtad/Arashtad-Smart-Conrtacts Watch The Video on Youtube

[cryptoappfactory]

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