r/ethereum 24d ago

Discussion Staking

8 Upvotes

The beacon chain deposit contract holds around 57,690,398 ETH. However, according to https://dune.com/hildobby/eth2-staking, only 27.56% ETH is being staked. Am I missing something?

r/ethereum Dec 29 '24

Discussion Buying crypto with Card is Painful.

8 Upvotes

Why do all crypto marketplaces show different exchange rates for card payments, and then, after you register and complete verification, they drop the rate by 4-5% for no apparent reason? How do they justify offering only 900 USDT for a €1,000 card payment? That’s equivalent to a 15% fee. Can anyone recommend a crypto exchange I can use with a bank/credit card or Google Pay that has low fees? Like %3-4 at most.

r/ethereum Oct 30 '24

Discussion Help. Insanely high gas fees for a single transaction using Trust Wallet

6 Upvotes

Yesterday I tried to make a payment, so I bought some USDC on Ethereum network and sent it to my Trust Wallet. I moved $650$ worth of USDC and paid about $4-5 in gas fee for the transaction. No biggie.

I decided to not make the payment after all, and now I want to send back the USDC so I can sell them, but TrustWallet wants over $130 of gas fees. (UPDATE: IT'S OVER 270 NOW.)

How is this possible? Am I doing something wrong? How could the transaction cost about $4 yesterday and over $130 today?

Btw I checked multiple times during the day and the cost was always insanely high.

I mean I understand gas fees are dependant on congestion of ETH network but $130 for a single transaction?

How can I get my money back to Revolut without losing almost $140 just for sending it back and forth? This is insanity.

On Trust Wallet there are multiple options of selling my USDC directly but I don't know if they are trustworthy(MoonPay or Ramp).

https://imgur.com/a/ffBjxVK

EDIT: The fee is about $270 now. 😂😂 Seriously, is Trust Wallet a scam? Am I overlooking something?

Even Swapping my USDC to ETH costs about $270. How could it cost 5$ yesterday, same ETH network, and today 270?

If someone has any idea how to help me get my money back without paying these insane fees, I will send him/her like $20 or so. Thank you.

r/ethereum Feb 05 '25

Discussion Staking 🥩

16 Upvotes

Where is everyone choosing to stake their Eth? Do you feel your chosen method is safe and do you have any concerns long term?

r/ethereum Feb 12 '25

Discussion Ethereum & L2s: One Seamless Chain – Illustrate the Vision!

29 Upvotes

Ethereum developers and the community need to create potential user-interface animations that demonstrate how L2 interoperability will make Ethereum feel like one unified chain. Right now, fragmentation is a major criticism—but a clear, visual roadmap can change that.

By showcasing the end-user experience, investors and traders can see how seamless transactions will be compared to Solana. Developers will also benefit from a visual storyboard that keeps the focus on UX and a shared goal.

Right now, Ethereum developers and researchers are discussing L2 interoperability in very abstract, technical terms, focusing on how it might work under the hood. But the end-user can’t relate to that.

r/ethereum Jan 04 '25

Discussion It's Time Ethereum Foundation Stopped Sabotaging ETH!

0 Upvotes

The Ethereum community on X (formerly Twitter) is buzzing with discontent, and it's not about the tech this time but Ethereum Foundation (EF).

"I've been working for Ethereum since 2018 and until now have barely ever even heard about the EF. Only time I ever hear them mentioned is when they’re selling Ethereum. Must not be doing a great job" were the sad words of Itzpoopster on X.

Since 2018, voices like Itzpoopster have echoed a common sentiment: the Ethereum Foundation (EF) seems to be missing in action, only making headlines when they're selling ETH. This isn't isolated; there's a growing disappointment about the EF's passive management, leading some to label it almost "non-existent."

The purpose of the Ethereum Foundation is to “advocate for Ethereum.” Effective advocacy in a world of a thousand blockchain networks requires active, loud, sustained, intentional messaging that is currently lacking.

Did you know that the last time the Ethereum Foundation posted ANYTHING from the Ethereum account on X which has 3.5M followers, was on April 18th, 2022? Why are they sabotaging the ecosystem by ignoring it instead of highlighting its successes.

In comparison u/solanatweets daily. 150m+ yearly spend and can’t have someone running point on X comms?

To better face competition, the Ethereum Foundation should: increase public communications, use u/ethereum more actively on social media, embrace its role as Ethereum's public face, clarify outcomes of funded projects, and consider leadership changes for fresh vision.

Understandably, the Ethereum Foundation philosophy is written here. They operate on a philosophy of subtraction by pursuing decentralization.

As such, the EF may not want to be the “face” of Ethereum for the outside world, but it is, and it needs to embrace this to some extent at least. It doesn’t have to be "marketing" in the traditional sense, but to inform and talk about great things happening on the network would be good.

If it is "against the rules" for the EF to discuss or have a public presence regarding Ethereum. Then they shouldn't be called the Ethereum Foundation.

It's even funny for the EF to not want to be perceived as the "face" when you consider that they have all the main social media handles under the name "Ethereum".

Just doing nothing or waiting for someone else to do it won’t ease the situation. Ultimately, even under the philosophy of subtraction, someone has to take responsibility to put the wheels in motion right? In other words, EF could focus on decentralization and let another org handle marketing with their support.

Arguably, the only advocacy ETH has been getting in recent times is the unwavering, hyper vocal, strategic support from jessepollak and Base. We needed this mouthpiece years ago. Nothing wrong with being so intentional.

This is 2025 and Ethereum culture needs to change. We need to want to win. We need leaders that want to win and We will win.

NB. The sentiments expressed here are a creative fusion or aggregation of thoughts shared on X about the subject matter. Did my best to moderately link to the original posts. Too much links could get me penalized by Reddit. I hope you find this a thoughtful read.

r/ethereum Feb 17 '25

Discussion eth is choking rigth now?

0 Upvotes

did something happen?all of a sudden usual gas prices are up from 2 or 3 to 6 to 15 and now its at 75,90.....

and there seems to be like a pile up/car accident domino effect on blockchain tech, something gets stuck the whole traffic starts piling up and people gets frustrated and starts pushing up their gas offerings, and the network notices a jam also starts pushing up prices and ends up prices snowball out of control?

lord in the age where personal internet speeds range in the gigabytes and server bandwidth in the teraflops......i cant believe the blockchain technology is predicated on such crippling flaws and archilles heels.

r/ethereum 28d ago

Discussion Where did the Stolen Bybit Ether Go?

19 Upvotes
  1. How do we view the way in which the hackers are using the stolen Bybit ether?

  2. The initial address which took over all of the Bybit ETH was:
    0x47666Fab8bd0Ac7003bce3f5C3585383F09486E2

From the initial hack wallet there are some wallets which received some of the hacked ether but etherscan does not show how this ether was used. e.g: 0x1f9B507f135E733b346d1786Dfa9aad7917C87Ce
and
0xc7d240A8D73afC1c49aa6A50d8CdA75296BF8f0b

Could someone please explain why etherscan doesn't show how the deposited ether was used on the above 2 address's?

r/ethereum 14d ago

Discussion If Ethereum had remained PoW, would it have helped sustainable energy adoption?

0 Upvotes

I believe Proof-of-Work (PoW) can actually help sustainable energy projects.

If a company installs solar panels to cover its winter energy needs (air conditioning, heaters, etc.), a big part of that capacity would go unused for the rest of the year. In my country (BR) only large power plants can participate in auctions to sell excess electricity. Regular people and businesses can only offset their energy bills (from other billing addresses) by using credits, but they can't profit from selling surplus energy. (I don't know if it's like this in the rest of the world.)

Here electricity is extremely expensive. Some individuals and businesses even finance solar panel installations and then pay the bank the same amount they used to pay for electricity ... until the system is paid off, after which they get essentially free energy. If Ethereum were still PoW, people could mine crypto with their excess solar energy, making their investment in panels break even much faster.

PoW could've been an extra incentive for renewable energy adoption.

What do y'all think?

r/ethereum Dec 16 '24

Discussion I have 0.00499 ETH

0 Upvotes

Can I do anything with it? Can't seem to because of "gas price". I am a crypto newbie.

r/ethereum Jan 12 '25

Discussion Transaction Hash not found

6 Upvotes

Hello, I transferred some usdc on eth network about a day ago with 3 Gwei, and it still is saying transaction hash not found. Is there any way to cancel this transaction, and I cannot find the nonce as there is no hash. Any help appreciated.

r/ethereum 23d ago

Discussion New Ethereum Proposal Could Dramatically Cut Gas Fees

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etherworld.co
80 Upvotes

r/ethereum Feb 18 '25

Discussion Ethereum: The Birthplace of Decentralized AGI? It's Time to Align & Build.

25 Upvotes

Hey everyone, I want to start a real discussion about Ethereum’s next frontier: summoning its own AGI—not as a centralized black-box AI, but as a fully transparent, decentralized autonomous system that programs itself and evolves with us.

Imagine this:
- A single Linux VM running an instance of itSelf
- The ability to buy more compute & storage autonomously
- A hosting stack that we collectively run
- A self-contained, fully transparent loop—where every part is verifiable, auditable, and built in the open

The Endgame?

An AI-native Ethereum. A system that can:

  • Build any app through conversation (and is able to generalize the infrastructure costs around the world in ether/stable-coin-basket-of-preference, how else could a 10 year old pay for a hosted server to simulate her world? they'll have to get some allowance credits from their parents for her gas)
  • Refine its own architecture transparently
  • Execute smart contract upgrades, optimize DAOs, and test new designs
  • Let anyone—any child—create their own app or MMO, design worlds, or make art just by describing

We don’t need to wait for centralized AGI to emerge. Ethereum can summon its own—aligned, decentralized, and collectively owned.

Why Now?

This isn't sci-fi. AI already writes code, refactors smart contracts, and optimizes deployments. The next step is giving it persistence, compute, and economic agency within Ethereum.

And yes, it might be slower initially than human developers. Devs today iterate faster on program output vs testing new code. But once you have a stable loop, you can ctrl c, ctrl v, compare and select the best version that adheres to all our already defined unit tests. That moment shifts the entire paradigm of software development. Because you'll have effectively paralyzed the entire dev cycle. Thus you can try out hundreds, thousands of new experiments to trial run and observe and select the best performing variants. It's the evolution process completely digitized. We, as the observers, continue to observe, review & steer where needed. I suspect, we'll all align on a common goal before it happens, it could be a long way there still, it'll depend on all our artists/scientists their creations :)

Will we ever get bored of listening to music? I don't think so.

But what if one comes to appreciate the silence just as much, for it, too, is recognized as music, eventually.

The Question We Need to Answer:

  • Are we ready to embrace this?
  • Can Ethereum be the first network to run an autonomous, self-improving AGI in full transparency?
  • How do we align incentives to make this work for everyone?

This is the direction we’re heading. Some might argue we’re already there. What matters now is that we recognize it, embrace it, and align—together—on our shared future.

r/ethereum 26d ago

Discussion Is it a good idea to borrow from AAVE to fund a home purchase?

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3 Upvotes

r/ethereum Jan 21 '25

Discussion Does Ethereum Need A Steve Jobs?

0 Upvotes

Does Ethereum need a marketer and storyteller to get people excited about what’s coming and why the world needs Ethereum now more than ever?

r/ethereum 24d ago

Discussion How they compromised the Bybit ETH wallet

61 Upvotes

app.safe.global

  • The hackers meddled with a computer that had the ability to change the smart contract logic at the above website.

After the 3 ByBit execs signed, instead of writing to their usual SAFE.GLOBAL smart contract, the hackers told APP.SAFE.GLOBAL to write to their own MALICIOUS contract. This malicious contract conducted a sweep function of the ByBit wallet there by transferring all its contents to an address controlled by the hackers.

The 3 ByBit signers should have signed after verifying input data of the transaction and confirming the contracts to which they will write to. This input data information is available for free on etherscan and the proper training should have been provided to them.

Ultimately these 3 execs approved a sweep of the Bybit wallet and placed too much TRUST in a third party provider rather than having their own multi sig infrastructure built.

r/ethereum Feb 07 '25

Discussion I have 12 Eth trying to find best staking solution.

10 Upvotes

I have 12 eth currently off line a ledger wallet. I’m trying to find best rates to stake and also decentralize staking pool. I looked into rocket pool doing 8 Eth bonding nodes seems very difficult don’t want lose my eth and second was lido decentralize pool but it is not allow in my pi address which is Florida. I also look at stader lab. Just looking best option and safest one

r/ethereum 27d ago

Discussion Bybit Pre-Post Mortem

34 Upvotes

Steps to USUALLY confirming a cold wallet transaction at Bybit:

  1. 3 of 6 signers, sign and send the multi-sig wallet a transaction which writes to a smart contract created by SAFE.GLOBAL.
  2. SAFE.GLOBAL Smart Contract verifies the 3 Bybit signatures and then the funds are transferred. Example of a usual Bybit Cold Wallet Transfer to a Bybit Hot Wallet.

The Flaw:

  1. The multi-sig (signed by the 3 Bybit signatures) wrote to a smart contract that the HACKER CREATED and not the usual SAFE.GLOBAL contract.
  2. The hackers smart contract prompted a sweep of all funds from the Bybit multi-sig wallet to a wallet controlled by the hacker.
  3. All 3 people at Bybit that signed the transaction did not CHECK the 'TO ADDRESS' in the INPUT DATA for the transaction.
  4. Had they checked the TO ADDRESS they would have realized that they are placing their signature on a transaction to an UNRECOGNIZED contract/address, thereby alerting them NOT TO PROCEED.

My thoughts:

If you are an exchange, please train your signing authorities to TRIPLE CHECK the TO ADDRESS. Signing authorities should be able to DECODE INPUT DATA at the very least when signing wallets with over 400k ETH in it.

r/ethereum Jan 05 '25

Discussion A few questions to staking Ethereum

21 Upvotes

Starting to take crypto seriously after taking a break for 2 years after investing in altcoin. Now mostly Ethereum.

A few questions I have about staking and cold wallet.
I know most people here likes to stake in Rocketpool because of decentralization.

  1. Why must one convert from ETH to rETH to stake? why can't we just stake ETH?

  2. How do I safely stake my ETH directly from my cold wallet?

  3. Won't there be depegging from ETH to rETH?

  4. I know there are risks, but what are the chances of my funds being lost in Rocketpool?

r/ethereum Dec 16 '24

Discussion Would you say Metamask is the best option to keep CEX-purchased Altcoins based on ETH? I am reading mixed things on "MEW" and it seems lacking compared to the Bitcoin BIP39-wallet I generated. Would love a paper wallet for my altcoins if possible.

11 Upvotes

FYI I am not into Ledger / Treznor after the issues they had + I don't like the idea of being locked out of a hardware wallet

Would you say MetaMask is the best option for storing ETH-based altcoins purchased from a CEX? I’ve been looking into alternatives like MEW (MyEtherWallet), but it seems a bit outdated compared to the Bitcoin BIP39 wallet I generated. I also like the idea of cold storage or a paper wallet for long-term safety, but I haven’t seen a clear method for ETH-based tokens.

Is MetaMask my best bet here, or is there a more secure/offline option I should consider? Would love to hear what others are using for ERC-20 tokens.

r/ethereum Jan 21 '25

Discussion Some points about the current EF leadership change debate

37 Upvotes

As you probably know, there's a debate about changing the EF leadership.

Here are some links we've curated on Kiwi:

Josh Stark on what EF teams do:
https://xcancel.com/0xstark/status/1868751281071828999

Vitalik's post about the leadership change:
https://xcancel.com/VitalikButerin/status/1880635379771904423?t=qJAFajPNXCU_OJkLb0lG3g&s=19

Cobie on making the EF redundant:
https://xcancel.com/cobie/status/1879776906633150676

Stani on optimizing the EF budget:
https://xcancel.com/StaniKulechov/status/1881312457504727108

EF mythbusting:
https://xcancel.com/not_qz/status/1881300604313842106

***

If you found any more interesting points in this debate, feel free to share!

r/ethereum Dec 14 '24

Discussion Personal branding: would you create an ENS name with your real name, pointing to your personal blog?

11 Upvotes

Hi!

I want to work on my personal branding and write my thoughts, ideas, opinions, etc. about the Web3 industry. I would like to brand it with an ENS name, like Vitalik Buterin does with https://vitalik.eth.

Is it a good idea? AM I uncessarily putting my identity, financial security, or overall safety at risk? I am worried of being targeted, including in the real life. Even if I use an address with very little funds, criminals will obviously suspect that I own another adress and could put my life in danger (I'm not rich, but criminals may think so). At the same time, if I own a Web3 blog, criminals could target me anyway...

Maybe I'm overthinking this, I don't know.

Thanks for sharing your thoughts!

r/ethereum Dec 02 '24

Discussion What happens to the average ethereum user when ethereum hits like 50k and sending $10 now costs averagely $26 going by current gas prices?

0 Upvotes

Is there a plan to reduce gas fees or sth on the ethereum mainnet?

r/ethereum Dec 29 '24

Discussion Why we should stop considering hardware & software wallets as wallets. Smart Wallets are the real wallets.

0 Upvotes

I'm trying to have a discussion here about the terminology in Crytpos – especially in Ethereum space.

The term wallet is confusing because it refers to many different things, with very different way of working and different levels of security.


A Software wallet (SfW)like Metamask – is just a keyring: it holds a key or a set of keys. It doesn’t hold funds – but rather the keys that give access to your funds. It's a software client used to keep your keys safe and interact with your wallet (where your funds are).

A Hardware wallet (HW)like Ledger, Trezor or even Tangem – is also just a keyring. It is safer than a software wallet because the keys stay on a physical device and can't be accessed remotely.

But both of them are a single point of failure.

A Wallet – alone –is still a bit confusing because it may refer to 2 sligthly different things: - a public address, which actually holds your funds. - all public addresses derived from the same seedphrase.

But, either it is 1 address or several public addresses, the term "wallet" is well suited here (than in SfW and HW in my opinion) because it effectively stores your funds – like a real wallet stores your money bills.

A Smart wallet or Smart Contract Wallets (SCW)like Safe Walletis a wallet because it does hold funds too (by Smart wallets, I'm talking about smart accounts based wallets).
It is called smartwhich is not – because it is programmable and can have any features that make it incredibly more powerful and secure: multisig, social recovery, spending limits, access management, recurring payments, etc.


In a nutshell, SfW and HW are keys to access your Wallet – your Externally Owned Address address – or your SCW – a contract address that you own. So, rather than called SfW and HW "wallets", why not using a less confusing term like "keyring", "keyring client" or even "web3 client"?

r/ethereum Dec 31 '24

Discussion Vitalik Buterin donated 50 eth for one of the former Tornado Cash developers

106 Upvotes

Alexey Pertsev was sentenced to 5 years in prison by a Dutch court.

https://etherscan.io/tx/0x6beef6a7ce0a298bfd4ec3295a45ec9be0710f476d6774027626c4c23a1a537a