Ethereum Audible

"EIP-1559 is poised to greatly enhance the user experience on Ethereum for processing transactions. Of course, most people like to focus on the fee burn aspect of EIP-1559 (and so do we), but the overall benefits of EIP-1559 go far beyond the fee burn and will have a positive impact on end-users."

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👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1

This episode is brought to you by Alpe Audio. Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources.

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After Yuga Labs' bad drop/mint over the past weekend and the huge amount of misunderstanding regarding Ethereum gas prices, I wanted to review a post by Anthony Sassano's Daily Gwei breaking down EIP-1559 and how Gas actually works on Ethereum.

There are lots of misconceptions over how gas works, hopefully this will clear things up!

Link to original post: https://thedailygwei.substack.com/p/this-is-eip-1559-the-daily-gwei-300?s=r

It's been a while since we first discussed why Ethereum is adamant on the shift to Proof of Stake, so as the merge gets delayed a bit yet again, I wanted to chat about why we care about proof of stake and the reasons for the shift to it.

"Tokens can be an effective way to bootstrap networks that need passive user participation, but they can be counterproductive for those that need active participation"

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👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1

This episode is brought to you by Alpe Audio. Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources.

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Token incentives have been all the rage over the past two years in the DeFi and Web3 world. But can tokens be used to solve the cold start problem? Are they an edge that all web3 companies have on web2 companies? 

Or is reality more complex? As you might guess, it is and tokens can't be used for everything. 

"crypto markets are becoming highly interconnected with the traditional financial sector"

In Part 2 of this read we're going to complete all 5 risk factors that DeFi brings to the table.

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👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1

This episode is brought to you by Alpe Audio. Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources.

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DeFi is growing and is quickly on its way to becoming a new financial paradigm, yet there are financial risks in DeFi that manifest in new ways that we haven’t seen in the traditional financial system:

Interconnections with the traditional financial system, Operational risks stemming from underlying blockchains Smart contract-based vulnerabilities Other governance and regulatory risks Scalability challenges.

In an effort to remove humans and automate as much as possible through smart contracts, DeFi has introduced or amplified these risks. This paper explores all of these aspects.

The Howey Test is one of those terms that gets thrown around a lot in the crypto world when it comes to the legality of many projects. But most don't know where it comes from and what it actually means. Let's break it down.

"crypto markets are becoming highly interconnected with the traditional financial sector"

👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1

This episode is brought to you by Alpe Audio. Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources.

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DeFi is growing and is quickly on its way to becoming a new financial paradigm, yet there are financial risks in DeFi that manifest in new ways that we haven’t seen in the traditional financial system:

In an effort to remove humans and automate as much as possible through smart contracts, DeFi has introduced or amplified these risks. This paper explores all of these aspects.

Welcome to Blockchain bites! 

This is a new format where I'll cover topics, terms, debates but in short bite size takes. Think of it as your lexicon for your blockchain discussions at a cocktail party.

This bite is about why crypto can't just be 'copied' - which is one of the most ridiculous arguments that keep on popping up on Twitter or in discussions with friends.

"For a blockchain to be decentralized, it's crucially important for regular users to be able to run a node, and to have a culture where running nodes is a common activity."

👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1

This episode is brought to you by Alpe Audio. Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources.

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This weeks read we're exploring the limits of scalability to blockchains and why those limits exist. 

What are the tradeoffs for increasing scale? Transactions per second? Lowering fees? Everything has a tradeoff and that's what we're going to be exploring this readthrough.

Original article: https://vitalik.ca/general/2021/05/23/scaling.html#its-crucial-for-blockchain-decentralization-for-regular-users-to-be-able-to-run-a-node

"While there are many paths toward building a scalable and secure long-term blockchain ecosystem, it's looking like they are all building toward very similar futures. There's a high chance that block production will end up centralized"

👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1

This episode is brought to you by Alpe Audio. Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources.

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What's the endgame that Vitalik Buterin has in mind for Ethereum? Where do we go after the merge, what should concern us and what should we be planning for and thinking about already?

That's the topic of this readthrough, Endgame. We'll cover:

Full article: https://vitalik.ca/general/2021/12/06/endgame.html

Limits of blockchain scalability: https://vitalik.ca/general/2021/05/23/scaling.html#its-crucial-for-blockchain-decentralization-for-regular-users-to-be-able-to-run-a-node

"To most users, the freedom to pack up and move your digital assets and identity does not matter. But it might matter one day, and when it does, it will matter a lot."

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👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1

This episode is brought to you by Alpe Audio. Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources.

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Why does web3 matter and how can we define it and what matters exactly about it? 

Definitions matter and in this last installment of our exploration into why the web3 ecosystem matters and what it brings to the table we read Dror Poleg's reply to Moxie's piece from last week.

Here's how I define web3: It's property rights brought digital facilitated by open protocols, tokenization and decentralization. Without those three components, there is no web3. 

Read the full article: https://www.drorpoleg.com/unpacking-the-web3-sausage/