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Ethereum Casper Release Date Reddit

Ethereum

Ethereum

use the following search parameters to narrow your results: include (or exclude) results marked as NSFW Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

What Is The Ethereum Casper Protocol?

What Is The Ethereum Casper Protocol?

written by Jonnie Emsley February 7, 2018 The term Casper has been popping up lately in the Ethereum community like a whack-a-mole. Youll even see it hitting headlines alongside ETHs recent 30% spike in value , with punters explaining the upwards explosion as sheer anticipation of what Casper will do for Ethereum. With the successful launch of the Casper Testnet on the last day of 2017, excitement in the Ethereum community is gathering the momentum of a runaway freight train. Still, while everyone revs up for a Casper-supercharged world computer, its release date is as elusive and mysterious as a poltergeist, with Ethereums developers loosely announcing it will occur some time this year. But before we get ahead of ourselves, lets break it down and have a look at Ethereums ghostly counterpart. Casper is a hard fork of Ethereum that solves many of the underlying issues holding the cryptocurrency back from mass adoption. At its core, Casper aims to enhance Ethereums security and reduce the risk of centralization, while eliminating the financially and environmentally unsustainable practice of mining. Casper marks a shift to the Proof-of-Stake protocol, but it will start out as a hybrid with the current Proof-of-Work . In practice, this means that the PoS will only be used every 100th block. All details are exceedingly vague at this stage, but the eventual outcome of Casper could result in three versions (forks) of Ethereum: PoS, PoW, and Classic. As we count down to the Casper fork, Ethereum miners are starting to bite their nails. Why? It is highly probable that the transition to PoS will mark the end of Ethereum mining, as ETHs developers plan to detonate a difficulty bomb on the PoW fork when they release Casper. The bomb is a piece of Ethereum code that by design makes Continue reading >>

Ethtrader: The Ether News, Tokens, Memes, Staking, Economics, Trading, And Investing Hub.

Ethtrader: The Ether News, Tokens, Memes, Staking, Economics, Trading, And Investing Hub.

Welcome to /r/EthTrader , a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology. New to Ethereum? Read our FAQ .For the discussion of tech and application development using Ethereum, go to the official sub at /r/ethereum . Read our rules before posting. If you wish to have your subreddit or website listed in our sidebar, please review our sidebar listing policy . User flairs or tokens in the ticker are not an endorsement. Please use due diligence when choosing an investment. Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Public Mod Logs | News Timeline | Education | Comments You can correct innacurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>

Vlad Zamfir On Twitter: Casper Release Date

Vlad Zamfir On Twitter: Casper Release Date "soon" - Ethtrader

Vlad Zamfir on Twitter: Casper release date "soon" I like Vlad, he wished us all a Merry Christmas :) I was only exposed to him recently when kitties took our network under siege. Someone mentioned some FUD about ethereum scaling and attributed it to him. I then found the source and Vlad was well-written, clearly passionate, and very smart. The FUD ended up just being FUD of course Oh, when he literally said that ETH isn't secure or scalable. can you point out where he said that please? (I sold all my ETH for $16) Hmm... I rather wait for them to show a little bit more than just the numbers. They have an internal testnet and public testnet out this year. Ive never seen a more competent team as Zilliqa, ask them any technical question on Slack and theyll respond thoroughly. Zilliqa sold out in presale, there was a small community round but too late for that. Everyone are waiting to buy on exchange for those ICX gains. I hate ICOs like that. The polkadot ICO was the most honest and fair ICO I've ever seen so far. It tells a lot about a project. But I check Zilliqa once their tokens are out The reason it sold out was because eth suddenly doubled over a week. They planned to have 50% 50% presale/ico contribution. They used Bitcoinsuisse. But Polkadot lost all their eth...and collected so much as well. I really dont like reverse dutch auctions which is basically an uncapped raise. Zilliqa stuck to their 20m + 2mil community and i prefer that to deciding to raise an unlimited amount. You have a point on the Cap - it's a good thing. From my understanding: Named after the cartoon "Casper the friendly ghost" is an upgrade that will help change ethereum from proof of work (PoW) to proof of stake (PoS). PoW - is what we have now lots of graphics cards mining and confirming transa Continue reading >>

Casper Upgrade Released

Casper Upgrade Released

The first draft of the Casper proof-of-stake protocol upgrade from Ethereum developer Vlad Zamfir has been presented Published on Tuesday, the code following its presentation at the Devcon3 event earlier this month intends to radically revise how blocks are created and distributed on the ethereum network. It is one of two concurrent applications to develop code for Casper, with the other arm being led by network creator Vitalik Buterin. Zamfir's take on Casper comes several days after the publication of a white paper, titled "Casper the Friendly Ghost". The paper focuses on "correct-by-construction consensus protocols", seeking to facilitate how blockchains achieve consensus in a "partially synchronous network". This is an attempt to reduce the total complexity of the blockchain. At the time when Zamfir's code release may represent on a small part of a bigger effort, its publication demonstrates a new phase of development that will lead ethereum a step closer to transforming the infrastructure that underlies the network. Currently, miners discover and add new blocks through the proof-of-work process, which is energy-intensive process, driving miners to buy expensive power-hungry graphics cards. Casper aims to get out of this model. Nodes could mine by essentially having funds deposited the "stake" in proof-of-stake and held over time, generating rewards as the node discovers each new block. Bitcoin to be needed in Venezuela facing Economic Slump The popularity of Bitcoin is still growing despite the country has got its own cryptocurrency Petro Venezuela has always been a distinctive country especially in relation to cryptocurrency. The locals have shown large interest in Bitcoin and other kinds of digital currency over the year. After a long period of gaining strength, Continue reading >>

Ethereum Price Highs Overshadow New Wave Of Tech Issues - Coindesk

Ethereum Price Highs Overshadow New Wave Of Tech Issues - Coindesk

Ethereum Price Highs Overshadow New Wave of Tech Issues The price of ether is shattering all-time highs. Rising to more than $1,000 for the first time ever last week, the cryptocurrency has reclaimed its place as the second-largest blockchain by total value, days after being temporarily surpassed by Ripple's XRP token. However, as with that controversial market move , the massive uptick in value bears a deeper look from more novice or potential investors. Indeed, ether's price rise has masked a wave of technical problems issues that went so far as to cause the cryptocurrency to be taken off a major exchange this weekend. Largely discussed on internal developer channels, reports of the problems to the public have been unusually quiet, scarcely touching Reddit, Twitter and other active ethereum forums. But what may be most of note is not the scant reaction, but the fairly fundamental nature of the issues, as most relate directly to the most basic operations of blockchains. For one, a glitch in the software that determines how much a transaction should cost to send named the "gas oracle" has caused a massive inflation in user fees, with some paying far higher than is necessary for a transactions to go through. If this seems somewhat unwelcoming to newcomers, it's met by other issues. In another case, the computers that run ethereum are struggling to download a full history of its transactions. More forward-looking projects are showing signs of strain also. The test network for Casper, ethereum's long-awaited ecologically friendly alternative to proof-of-work, and arguably a core tenet of its value proposition, is currently splitting into incompatible forks. In a reminder for those eager to hit it big on crypto, ethereum heavyweight Vlad Zamfir wrote in response to the iss Continue reading >>

Ethereum Casper 101 Jon Choi Medium

Ethereum Casper 101 Jon Choi Medium

tl;dr Casper will implement proof of stake in Ethereum. We begin with a review on why proof of stake matters and continue with its strengths & weaknesses. This post aims to provide a broad overview of Casper and clarify some of the confusion with respect to the two protocol design efforts related to Casper. The two proposed implementations share the same core design principle: applying cryptoeconomic mechanism design to secure the network while managing challenges regarding liveness, safety and synchrony assumptions. This post is also an overview of the progress so far and the challenges that lie ahead. Most importantly for fellow newcomers, the post identifies & defines key concepts and ties together various helpful resources under one context. The overarching intention is to make Casper and proof of stake more approachable to everyone in the community. Enjoy and please dont hesitate to reach out with questions, corrections or feedback ( email , twitter ). Casper is hardly a new project as it dates back to 2014, so fortunately it has a lot of related information online. However, despite the wealth of information out there, theres no easy jumping-off point for a beginner to ramp up and start engaging with the project. Thats why Im writing this post. While other posts, videos and papers focus on the specification, implementation and verification of Casper. This post focuses on the various guiding design principles of Casper, how it differs from competing approaches, why you should care about it, and how you can contribute to this project. In addition, Casper has maintained an exceptionally open and collaborative culture among Ethereum researchers, developers and community members. I hope this post can continue that tradition by introducing you to Casper and convincing y Continue reading >>

Reduce Eth Issuance Before Proof-of-stake #186

Reduce Eth Issuance Before Proof-of-stake #186

As an FYI, Carbonvote set this up on their own. I think they did a very nice job and thank them for serving the Ethereum community in this way. Please, whatever your opinion is on EIP-186, let your voice be heard by participating in the coin vote! Modified EIP proposal with changes, followed by the original EIP proposal. These changes are based on feedback provided on Reddit and Github regarding this EIP regarding the issuance reduction schedule and minimum issuance level under proof-of-work. EIP: 186 Title: Reduce ETH issuance before proof-of-stake Author: Matthew Light | [email protected] Discussions-To: [email protected] Status: Draft Type: Standards Track Created: 2016-12-21 Replaces: N/A Superseded-By: N/A Resolution: N/A A reduction in the issuance of Ether (ETH) is very likely to be price-supportive and lead to increasing investments in the platform and to help ward off speculative attacks on the value of Ether by promoters of competing platforms who offer, or plan to offer, reduced token inflation rates. This proposal is based on a discussion on Reddit about ETH token issuance rates that many people participated in, including Ethereum Foundation member Vitalik Buterin. In the current version of Ethereum as deployed on the network, there is already a coded schedule of reduced issuance per time period due to the "ice age" (an increase in difficulty designed to incent the adoption of hard forks). Normally, the "ice ages" in Ethereum are postponed by hard forks and the issuance is kept at 5 ETH per block. This EIP suggests that instead, the reduction in issuance from the "ice age" be implemented in a stepwise fashion within the protocol rules on a set block number schedule and with a defined lower bound (such as the "tail emission" in Monero). The p Continue reading >>

Ethereum: Whats About To Happen | Hacker News

Ethereum: Whats About To Happen | Hacker News

I like the idea of Ethereum but it does not solve distributed application needs IMO. I fear it is not able to solve large-scale app problems considering it only has the computation power of a "1999 phone", requires every to store (or at least know about) all state, and requires everyone up to date to run EVERY computation. For instance, take a distributed Reddit where posts can be mappings, even by deferring the costs to the viewers in terms of small amounts of wei per view, it surely wouldn't be enough to cover the expense of centralized permanent store (I understand Whisper is coming but it isn't permanent enough). I see a couple of Ehtereum frameworks out there using things IPFS for storage. Are there any plans for Ethereum to solve concerns about forcing everyone to run all calculations or should it always be seen as a small DHT that you only want to use when you have real auditability concerns? This is probably the most cogent criticism that can be leveled against ethereum right now- The performance constraints for ethereum dapps are pretty extreme. There are indeed plans to solve the problem you describe (read posts on blog.ethereum.org mentioning scalability) and these problems are probably solvable, but a working system remains far off. That said, I think ethereum dapps are going to be substantively different from traditional apps people are used to- I think there's a lot of opportunity in this type of system for people who don't take the mindset of "This system is bad at running existing app X therefore it is bad for everything." Hashes in the blockchain, when necessary, and then markets which will sell you a file when presented with the hash. Storage technology can be whatever. That's the smart plan, I think. I really want to take a crack at those storage mar Continue reading >>

Casper Launch Will Facilitate The Flippening - Ethtrader

Casper Launch Will Facilitate The Flippening - Ethtrader

Casper launch will facilitate The Flippening Especially when taking into consideration the latest news coming out of China re: banning foreign exchanges and going after miners. Porting mining over to POS will bring about the great decoupling as Eths fortunes will truly no longer be beholden to miners using cheap Chinese electricity and the whims of the Chinese government. Big believer over herebullish. > 4 months account age. < 500 comment karma Q1 for PoS/PoW hybrid, Q4 for the full thing. > 1 year account age. < 50 comment karma. 1 - 2 years account age. 200 - 1000 comment karma. Yea futures market has been a negative short term for btc, however its a necessary step for ETF approval, which would allow more institutional money (endowments and pensions) to enter the market. So you think futures would be bad for eth long term? Hasn't it been a month since that was said? I guess everything under 8 weeks would fall under that statement yes, but anything 8 weeks + qualifies the term 'months' Pretty sure last I heard it mentioned on a dev meeting we're talking Q2/Q3. Where was announced that full PoS will arriver in Q4? I totally missed that one.. ETA, not "will". It's what was said at the the last DEVCON. Well I got down voted for saying exactly that It was what was said during DEVCON wasn't it. Although annoyingly I can't find the video or transcript. Nothing has changed as far as I know. Shit is about to get real. The market will FOMO hard before Casper Mainnet. I think we'll see a run b/t $5,000-$10,000 right before launch. This is FUD month but by summer we'll will start seeing massive ETH FOMO. LOL. Why? Do you really think that most people know or care about Casper? They've seen that you can lose 50% of your investment in several weeks with crypto. Why would most peo Continue reading >>

The History Of Casper Chapter 1

The History Of Casper Chapter 1

Vitalik suggested last week that I share my basic research and design philosophy in a blog post, I agreed but complained that it was still changing. My friend Jon West told me that everyone would really appreciate it if I told everyone about my Casper research, I mostly agreed. Then someone on reddit told me to focus on Ethereum. So heres the Casper tech story, given as a chronological history of the evolution of the key technology, ideas and language that are involved in Casper research. Many of our favorite blockchain personalities are part of the story. This is my attempt to recount everything in an accessible, sequential way so that you can see where we are now (and where were going) with our research efforts (so dont argue until the end of the story!). Im going to try to release a chapter per day until its complete. Also note that this is my personal point of view, understanding what little I could manage through the process of working on proof-of-stake. Vitalik and Greg Merediths accounts will vary, for example, as they each have their own view of Casper research. Preface: How I started doing research at Ethereum I immediately got hooked on the Blockchain technology story when Bitcoin first (really) caught my attention in March of 2013. This was during the Cyprus crisis run-up in the price of Bitcoin. I learned about cryptographic hashes, digital signatures and public key cryptography. I also learned about Bitcoin mining, and the incentives that miners have to protect the network. I was interested in computer science and security for the first time in my life. It was great. Set against a narrative of dystopian libertarian economics, it was underground developers (like Amir Taaki) versus central bankers in an epic global battle to save the world from the fractiona Continue reading >>

Ethereums Proof Of Stake Casper Testnet Nears Launch - Ethereum

Ethereums Proof Of Stake Casper Testnet Nears Launch - Ethereum

Ethereums Proof of Stake Casper Testnet Nears Launch Thank you for sharing this. Yesterday I asked about difference between PoS and PoW and no one answered. This gives some great insight. Mind is blown at scalability, interest generation, incentive for a normal user to run a node, environmental impact... glad I moved my assets to ETH. It's tough to read anything about crypto without tripping over PoS It's going to be huge. Energy use will definitely trip up other cryptos if some form of fix isn't in the pipeline, and PoS for ether is rather ingenious. (I'm afraid to ask in the sub for it - do the bitcoin core devs have a plan for power use?) Keep using subsidized electric until their governments come take it all away. incentive for a normal user to run a node This is ABSOLUTELY the biggest thing. When Satoshi wrote the whitepaper he used the word node in this function: A participant of the network, how uses it as a currency and mines it. Then Bitcoin became so popular that within a decade mining became big business and the average user had no incentive anymore to run anything but a light client. And so why would people join this new Bitcoin network, they already missed out! Now I don't understand everything yet about Proof of Stake but to me I am very interested in a network where every user has an incentive to run the software and be a participant. I don't know how all of that would work but just look at something like the Bitttorent DHT mainline client, this is a decentralized network that has between 15 - 30 million users on a daily basis. Now a money system is ofcourse not the same but still .... one day this killed crypto app will be here and everybody will want to run it and be active in the network because of benefits to EVERY partipant. See if I had 10 000 EURO Continue reading >>

Ethereum's Casper Update Approaching: Here's What You Need To Know - Ethereum World News

Ethereum's Casper Update Approaching: Here's What You Need To Know - Ethereum World News

Ethereums developers have announced the platforms highly anticipated Casper update could be rolled out potentially as early as the next Constantinople hard-fork. Casper will represent the initialization of Ethereums shift away from the Proof-of-Work (PoW) consensus protocol toward a Proof-of-Stake (PoS) protocol. Importantly, the final rendition of Casper isnt finalized yet. ETHs top developers are scrutinizing two renditions of Casperwhat theyve termed Casper CBC and Casper FFG. For now, though, it looks like the developers are leaning toward the FFG version.As the Casper FFG whitepaper points out: Casper is a partial consensus mechanism combining proof-of-stake algorithm research and Byzantine fault-tolerant consensus theory. Essentially, then, the FFG version will be the blueprint that Ethereum follows in switching to PoS. Conversely, the CBC rendition will actually govern Ethereums consensus process once the PoS system is implemented. When it comes down to it, the final edition of Casper will surely be inspired by the best parts ofbothCasper CBC and Casper FFG. Lucky Bee (@pechnikufa) October 27, 2017 This shift will allow stakers to secure the ETH network for annual profits by holding their coins in approved wallets as opposed to the current system in which miners are responsible for securing the network. Seeing to it that Caspers implemented smoothly will mark a milestone years in the coming for the team. Indeed, the situation looks bright now, as ETH founder Vitalik Buterins saying everythings mapped out nicely: It should be done I would say very soon. The parts that arent done are fine details of the contract . The actual spec of the fork is not going to be particularly complex. Its basically just increase the balance of a contract then change the fork choice r Continue reading >>

Alpha Casper Ffg Testnet Released, Ethereums Pos Excitement Grows

Alpha Casper Ffg Testnet Released, Ethereums Pos Excitement Grows

Ethereums march toward Proof of Stake (PoS) continues, as researcher Karl Floersch has just released a guide on how to use an alpha Casper FFG testnet through pyethereum. The testnets parameters which are not finalized currently require 1,500 ETH as a minimum staking amount. Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: ETH Community Continues March Toward Casper In what many Ethereum users will consider a symbolic cap to a strong year, Floersch released the Alpha Casper FFG Testnet Instructions earlier this morning on 2017s final day. There are two versions of Casper Ethereums researchers are currently working with: Casper FFG (Friendly Finality Gadget) and Casper CbC (Correct-by-Construction). The former model, which Floerschs freshly released testnet is based off of, will manage Ethereums shift from Proof of Work (PoW) to PoS. Likewise, Casper CbC will be used to manage Ethereums consensus process after the shift to PoS has been finalized. When over, this transition will allow Ethereum users to stake ether to validate the network, as opposed to the mining thats currently required through PoW. For users interested in taking the new FFG testnet for a spin, its only available for now through the pyethereum client. In his guide, Floersch was careful to keep expectations realistic, noting that: pyethereum [] has a much lower processing capacity than clients implemented in faster languages; as a result, network parameters will be heavily restricted to ensure network sustainability.Do not expect performance equivalent to test networks operated by more performant clients such as Geth and Parity. The researcher also explained how prospective participants could become test validators: First, you will need to have enough Continue reading >>

Ethereum Launches Casper Testnet, Paving The Way For Proof-of-stake

Ethereum Launches Casper Testnet, Paving The Way For Proof-of-stake

Ethereum Launches Casper Testnet, Paving the Way for Proof-of-Stake Ethereum developers have launched an alpha test network (testnet) for Casper, paving the way for the cryptocurrency to eventually transition to a proof-of-stake (PoS) consensus algorithm. Like bitcoin, ethereum currently operates on a proof-of-work (PoW) consensus algorithm, meaning that the network is secured and new currency units are issued through mining, whereby participants solve cryptographic puzzles to validate transactions and create new blocks. However, PoW has attracted criticism over the years, both for its tendency to centralize mining hardware into a few pools and for the amount of electricity it consumes. Ethereum aims to address these problems by transitioning to Casper , a proof-of-stake (PoS) consensus algorithm. Under Casper, participants can become validators by locking up or staking ether. Validators will take turns proposing and voting on blocks, and both the weight of their votes and the size of their rewards will hinge on the size of their stakes. According to developers, moving to Casper will greatly reduce the amount of electricity wasted through PoW mining. In addition to limiting its environmental impact, PoS will allow ethereum to dramatically reduce its rate of currency inflation since validators will have much lower overhead and will thus require smaller rewards to incentivize them to continue to serve as validators. Moreover, PoS will also reduce the incentive that validators have to centralize their influence. With decreased centralization comes increased security and, importantly, resistance to dreaded 51 percent attacks. Ethereum is not the first project to attempt to integrate a PoS consensus algorithm. However, most previous PoS implementations have been criticized Continue reading >>

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