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cryptocurrency November 28, 2021

Where’s the best place to buy ETH?

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There are many centralized exchanges that support Ethereum. If you live in the US, the most popular exchanges are Coinbase, Gemeni and Kraken. Coinbase users can use Coinbase Pro for lower fees.

When is Eth2 launching?

Eth2 is a marketing term used to represent a number of updates to Ethereum. The Eth2 proof-of-stake chain first launched in December 2020. “The Merge”, which is the event that will fully switch Ethereum’s consensus to proof-of-stake, is estimated to be ready in early 2022, although there is no exact timeline. Other updates, such as data shards, will follow that update.

Visit ethmerge.com to learn more about “The Merge”.

Do I need to do anything to update to Eth2? Will Eth2 create a new token?

No, ETH holders never need to take any action to keep holding ETH. Ethereum users will be unaffected by the Eth2 upgrade. And the Eth2 updates will not create any new tokens.

How can I stake my ETH?

There are two ways that you can stake your ETH: by running your own validator, or providing your ETH to a staking pool.

  • Running your own validator requires a modern computer and 32 ETH. Visit r/ethstaker for more details
  • Staking pools accept any amount of ETH. We recommend Lido or StakeWise

Why are Ethereum transaction fees so high?

Like most blockchains, Ethereum fees are determined by supply-and-demand. The large demand to use Ethereum has pushed transaction fees quite high (however, fees were just a few cents only 2 years ago). Fees are especially high during market volatility, and during NFT drops.

What is being done to lower Ethereum transaction fees?

Ethereum fees are reduced by using layer-2 rollups. Rollups are scaling solutions that allow for significantly cheaper transactions, while still maintaining Ethereum’s security.

Additionally, Eth2’s data shards will make rollups even cheaper.

While rollups are cutting-edge technology being actively developed, a number are already live on Ethereum mainnet. Visit l2beat.com to learn more about rollups.

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What’s the best wallet for Ethereum?

The most popular tool for using decentralized applications is Metamask. However, for security reasons, we recommend using a hardware wallet such as a Trezor or Ledger.

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