Vitalik escalates ETH 2.0 merge as miners plan a 51% attack

This page summarizes the projects mentioned and recommended in the original post on news.ycombinator.com

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  • prysm

    Go implementation of Ethereum proof of stake

  • I'm one of the maintainers of one of the implementations of eth2 live today (https://github.com/prysmaticlabs/prysm) and can help offer more context on this. Ethereum proof of stake has been live since December 1st and it currently secures over 6 billion USD worth of value https://beaconcha.in/. Currently, this is a chain that lives in parallel to the proof of work chain we know as Ethereum today. The idea is that over this coming year, the entire state of Ethereum will be "merged" into this new chain that uses proof of stake consensus via a docking process. "Escalating the eth2 merge" means there is more expedited work from researchers and developers when it comes to performing this critical decision. Since eth2 consensus is already live and running correctly with a large set of validators, miners cannot censor this new chain and therefore cannot really stop the merge.

  • DeFiOptions

    Core smart contracts of defi options

  • Not yet. For now the project "alpha" version is only deployed on Kovan testnet, in which ETH is free.

    When I started coding this project ETH price was around US$ 500, and gas prices around ~40 Gwei, making it feasible to launch the project on mainnet without much hassle using my own funds.

    Since then ETH has gone up to the roof. Now ETH is ~US$ 1900 and gas price ~150 Gewi, making it 14x more expensive to launch.

    I'm still evaluating if I should launch on ethereum mainnet or in a different solidity compatible blockchain (ex: Binance Smart Chain, Avalanche) once the project reaches a beta version due to the cost of deployment.

    In the project main page I ask for donations for covering deployment costs [1], but so far I was unable to secure any funds.

    [1] https://github.com/TCGV/DeFiOptions#support-mainnet

  • SurveyJS

    Open-Source JSON Form Builder to Create Dynamic Forms Right in Your App. With SurveyJS form UI libraries, you can build and style forms in a fully-integrated drag & drop form builder, render them in your JS app, and store form submission data in any backend, inc. PHP, ASP.NET Core, and Node.js.

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  • wiki

    Discontinued The Ethereum Wiki (by ethereum)

  • The EVM is a natural extension of bitcoin's scripting system. Here's the original Ethereum whitepaper, Vitalik cites all sorts of pre-Ethereum work:

    https://github.com/ethereum/wiki/blob/old-before-deleting-al...

    There were tokens (Colored Coins) and Dexs (Omni) running on Bitcoin before ETH was launched.

  • ethereum-org-website

    Ethereum.org is a primary online resource for the Ethereum community.

  • > Ethereum is a huge pre-mine scam with lots of promises and very little delivery.

    You really should visit https://ethereum.org/

  • rocketpool

    Decentralised Ethereum Liquid Staking Protocol.

  • consensus-specs

    Ethereum Proof-of-Stake Consensus Specifications

  • As of 1 Dec 2020, there is already another Ethereum mainnet chain (Eth2 Phase 0) running in parallel with and dependent upon the Eth1 mainnet chain:

    https://beaconcha.in/

    https://beaconscan.com/

    https://github.com/ethereum/eth2.0-specs/tree/dev/specs/phas...

    Vitalik is proposing a role reversal to take place earlier than it was previously planned (not completely accurate in a technical sense re: previous plans, but effectively the same):

    Eth1 mainnet will hand-off consensus responsibility to Eth2 mainnet (PoW -> PoS), while Eth1 nodes continue to "run the code" that executes smart contracts / processes transactions.

    If the plan is put into motion, and as long as some miners / mining pools don't yank the plug on their mining nodes in the canonical Eth1 mainnet, then the canonical mainnet — per consensus among the Ethereum Foundation and aligned developers, active Eth2 validator, orgs/companies/exchanges/etc — will transition suddenly from Eth1 (PoW) to Eth2 (PoS). And that will be the end of all mining on the canonical Ethereum mainnet.

    Disgruntled miners/pools who find it impractical or undesirable to reallocate resources from mining to staking may band together to continue running an alternate mainnet chain based on PoW; market forces would then decide whether that network is viable, and the fate of the evolved (PoS) Ethereum mainnet as well.

NOTE: The number of mentions on this list indicates mentions on common posts plus user suggested alternatives. Hence, a higher number means a more popular project.

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