Kazan
Chevrolet Aveo (T200)
Ethereum Eagle
Eagle Etherium is over.
The team announced the closure of the project.
August 11, 2022
March 8, 2022
August 11, 2021
FiatWorks NFT Collection
Ethereum Eagle
Get the latest Ethereum Eagle price, EGL market cap, trading pairs, charts and data today from the world's number one cryptocurrency price-tracking website
August 11, 2022
November 15, 2021
Hey everyone!
It’s been one heck of a ride so far, and ETH governance is just getting started.
Below you’ll find a short re-cap of what happened so far, and the roadmap going forward.
The Good Stuff
EGL Genesis had exceeded our expectations, and ~11,000 ETH had been staked by Genesis participants to bootstrap EGL. These 11,000 ETH were matched with 750M EGLs and deployed to Balancer, creating a $100M ETH-EGL market (as of today).
If you don’t recall, this entire liquidity pool belongs to the Genesis participants (gradually released over a course of a year) and it is crucial because it creates a venue where mining pools can sell their EGLs. This is a good thing! Mining pools are not “dumping on EGL”, the EGL protocol incentives pools to set the gas limit by awarding them EGLs, which they do because these EGLs have value and they can be sold.
EGL Voting had a real effect on the gas limit, which is W-I-L-D!!!
If you don’t understand how wild it is, you must be living under a rock and missed the storm this tweet raised.
Pools are listening to EGL. Most hashpower had already tried following EGL, and we’re in close contact with them regarding continue doing so (see details below).
The Challenges
The number #1 challenge EGL had is with communication.
Following EGL’s success, many core devs had raised their concerns whether EGL can be abused to increase the gas limit to unsafe levels. We took the time to analyze these concerns and address them here.
A second challenge we’ve seen is that post-1559 gas fees had increased to 100–150 gwei, compared to 10–30 gwei pre-London. Mining pools are still glad to follow the EGL vote to collect EGLs, but they need to be compensated with a lot more EGLs just to break even, and even more to be worth their while. We address it below.
A third challenge was the design of the EGL-sweeping transactions, which always sweep EGLs to the coinbase address, which allows a transaction created by one pool to pay for EGLs swept by another pool, and complicate the pool operation as it requires sending EGL from the address they use for pool-miners accounting.
The Roadmap
Here’s what’s coming to EGL in the short and medium term
Short Term
We are working hard an aim to soon release a technical proposal to improve EGL’s mechanism. Specifically we aim to:
Avoid sweeping EGLs every blocks, and instead use an on-chain “sampling” of the hashpower of each pool and how closely it follows the EGL vote.
The sampling will test 1% of the blocks, reducing the cost for pools by x100, and significantly reduce the amount of EGLs they need to be awarded to be incentivized
Allow pools to only sweep EGLs if they are the ones to receive them, and specify once the address they wish to receive the EGLs they receive
Medium Term
Keeping an open communication channel with core devs is extremely important. different core devs have different opinions what the gas limit should be, but as a group they remain the beast beacon (no pun intended) for the community to navigate its path.
In our recent post, we explored multiple solutions to the concerns raised by core devs. Among them we consider giving “Signals” — core devs who use EGL to share their view on the gas limit with the community — a “Killswitch” to turn EGL off if majority of Signals feel it is being abused.
We intend to explore these solutions and see which solutions will be best for EGL and the ETH ecosystem as a whole.
We‘ll publish more details on our progress in the coming weeks.
Keeping soaring higher!
July 2021
EGL Price Live Data
The live Ethereum Eagle price today is $0,045688 USD with a 24-hour trading volume of not available. We update our EGL to USD price in real-time. Ethereum Eagle is down ,13% in the last 24 hours. The current CoinMarketCap ranking is #8834, with a live market cap of not available. The circulating supply is not available and a max. supply of 4 000 000 000 EGL coins.
To learn more about this project, check out our deep dive of Ethereum Eagle.
January 5, 2022
FiatWorks FiatWorks NFT Collection
The first NFT collection by CoinList.
This information is taken from the website CoinList.co
The Concept
Inspired by Seattle’s iconic Gas Works Park (shown below), abstract expressionism, and early computer generated art, FiatWorks plays with notions of homage, ruins, currencies, time, and the natural decay and evolution of money — all while nodding to the post-fiat future.
Each work is composed of around 1,000 layers that Simmons has collected, cut, and arranged in a series of image sets that are then processed through his custom algorithm. The algorithm creates decentralized, painterly compositions of dense imagery, at once fun and visually explosive.
Eligibility
The FiatWorks NFT collection will initially be released to two groups of users:
Karma Gurus: Karma Gurus is a group of 3,000 CoinList users that have accumulated the highest CoinList Karma score from this year's eligible categories. CoinList Karma is a points system that recognizes and rewards users for contributing to token networks on CoinList through activities like staking, lending, trading, and participating in experimental offerings like the Ethereum Gas Limit Genesis on CoinList. Please note that Karma points accumulated from participation in CoinList hackathons, validator offerings, and token sales prior to 2021 were not included in the calculation.
CoinList Friends: 222 FiatWorks NFTs will be allocated for friends, partners, and CoinList supporters without whom none of what we, and the token networks on CoinList, accomplished in 2021 would be possible.
Case Simmons about FiatWorks:
"When CoinList first approached me about doing a project, I was deep in a productive creative space exploring this practice of marrying chance operations and controlled conditions. I then visited the iconic park in Seattle, GasWorks, and was taken by this notion of dead technology - at once let to be overtaken and admired as a historical truth. It seemed apt to try a series of artworks that pull from images sets of traditional fiat and nature, and let the algorithm generate from them
....
My practice evolves from one project to the next, but always with a through line. With FiatWorks, I brought much of what I learned and developed with the last two series to the table, but pushed it considerably. It’s not everyday that I get to make a series that has over 3 thousand artworks.
Regarding what went into FiatWorks technically: my algorithm is written in Javascript with a few bash scripts in play too. It has weighted randomness built in, while being carefully controlled to generate pieces that are simultaneously unique and unified as a whole. Each piece has around 1100 layers pulled from various image sets."
February 17, 2022
January 31, 2022
January 5, 2022
FiatWorks NFT Collection
The first NFT collection by CoinList.
LyberFebruary 1, 2022
Tribe
Governance token of Fei Protocol
The mission of Fei Protocol is to create an entirely decentralized stablecoin. Therefore it is critical that no tokens issued by trusted third-parties (e.g. USDC, USDT, wBTC) be used as collateral on the bonding curve. This is a stance the development team hopes will be shared by the governance community post-launch.
The ETH bonding curve will have a target FEI supply for bootstrapping before fixing the price at $1. This target is known as Scale; reaching Scale will denote the end of the bootstrapping phase. Scale will be set to 250,000,000 FEI, to be large enough to merit integration with other DeFi protocols. We also believe it is small enough to hit within a short time frame to minimize the bootstrap period. Post-Scale, the bonding curve price will fix at a governance-able buffer above the peg. This price creates a ceiling throughout the ecosystem. Arbitrageurs can buy on the bonding curve and sell on secondary markets if the price is higher elsewhere.
Users cannot sell FEI on the bonding curve. Instead, the protocol retains the incoming ETH as Protocol Controlled Value (PCV). Fei Protocol deploys the PCV to create a liquid secondary market where users can sell FEI back into ETH. We will explore below how PCV supports the FEI ecosystem.
If the price is below the peg, the incentives Tribe installed come into play. FEI buyers in the Uniswap liquidity pool receive a rebate to restore the peg, while sellers have to pay this rebate and an excess penalty to incentivize the peg to be restored. The further away from the peg the price of FEI has moved, the bigger the rebates and penalties, making it highly unprofitable for sellers to sell discounted FEI. Tribe can use its Ether reserves to buy back FEI and burn excess FEI to reduce supply as a last resort. Tribe merely acts as a governing body with the following functions:
- Appoint Minter and Burner contracts (including new bonding curves)
- Adjust Scale target and allocation rule on bonding curves
- Adjust incentive time-weight growth rate
- Percent reward for reweight peg restoration
- Reweighting any of the peg Uniswap pools
Casper Network
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Casper is a new Turing-complete smart-contracting platform, backed by a Proof-of-Stake (PoS) consensus algorithm and WebAssembly (WASM). The network is a permissionless, decentralized, public blockchain.
The network's consensus protocol is called Highway, and it has several benefits over classic Byzantine Fault Tolerant (BFT) consensus protocols. First, Highway allows networks to reach higher thresholds of finality, meaning that more blocks are finalized, and validators agree to add them to the blockchain. Second, the protocol achieves flexibility by expressing block finality in ways not possible in BFT models. This protocol is built on the correct-by-construction (CBC) Casper research.
Additionally, the Casper Network is optimized for enterprise and developer adoption. While leveraging blockchain technology, the network seeks to accelerate business operations via unique features like predictable network fees, upgradeable contracts, on-chain governance, privacy flexibility, and developer-friendly languages.
Casper also solves the scalability trilemma. Notably, the network is optimized for security, decentralization, and high throughput. All this is achieved while evolving to provide leading solutions for open-source projects and enterprises.