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Ethereum – What I Hate, Love, and Fear About the Cryptocurrency

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Ethereum is NOT a blockchain. It’s NOT a cryptocurrency both! It’s truly a protocol (a algorithm or procedures). When you browse the Internet, you might have observed that web site URLs start with an HTTP or HTTPS. That’s hypertext switch protocol. Emails use easy mail switch protocol, put up workplace protocol. All the best tech stuff runs on protocols.

Ethereum is a protocol. And a number of unbiased blockchains run on it – hottest being Mainnet, Görli, Kovan, Rinkeby, and Ropsten. These blockchains do NOT speak to one another.

When most individuals speak about Ethereum, they’re speaking about Mainnet – the first public Ethereum manufacturing blockchain. This is the place actual-value transactions happen on the blockchain. The native crypto of this Ethereum is Ether (ETH). At the time of writing, the value of 1ETH is $3,577 or roughly Rs. 2,77,750. Let’s stick with this definition for this put up.

And then there’s Ethereum Classic, the unique model, with its native crypto ETC. The ethical of the story to date is – There’s extra to Ethereum than meets the attention. Let’s dive in.

1. What I hate about Ethereum

I hate that Ethereum is neither “immutable” nor “censorship-resistant”. Surprised? Let’s return to 2016.

A bunch of actually good individuals got here up with the idea of decentralized autonomous organizations (DAO). That’s sort of like a cooperative society — suppose co-op banks and even the Amul milk co-op. The distinction being {that a} DAO exists solely on a blockchain and its guidelines are coded in “smart contracts”. By the best way, good contracts are neither good nor contracts. But that is a rant for one more day.

So anyway, this DAO raised about $150 million USD price of ether (ETH) by means of a token sale. But a extremely good hacker exploited a bug within the “smart contract” and siphoned out all the cash! Now, logically nothing ought to have been achieved about this. Blockchains are “immutable” and “censorship-resistant”, proper? Again, that is a rant for one more day.

But a bunch of individuals proved that Ethereum is neither “immutable” nor “censorship-resistant”. They carried out a “hard fork” and rolled again Ethereum’s historical past to earlier than the hack. This reallocated the hacked ether to a unique “smart contract” and allowed buyers to withdraw their funds.

The purists hated this and that is what led to Ethereum splitting into 2 blockchains: Ethereum and Ethereum Classic.

Did you understand?

  • ETH, the native crypto of Ethereum is hovering at $3500 with a market cap of over $400 billion. 
  • ETC, the native crypto of Ethereum Classic is languishing at $50 with a market cap of$7 billion. 

2. What I really like about Ethereum

Ethereum has pioneered decentralized finance (DeFi).

An superb multi-billion greenback ecosystem has advanced round it:

  • $100+ billion of fiat pegged & algorithmic stablecoins
  • Innovative initiatives like Uniswap, Chainlink, Aave, Unstoppable Domains, Basic Attention Token, Polygon and OpenSea
  • Asset-backed cryptos like tokenized shares

3. What I worry about Ethereum

The excessive value of ETH will kill Ethereum. As a blockchain, Ethereum is efficacious provided that startups, DAOs, and builders proceed to construct upon and use it.

Investors, alternatively, do not give a rat’s a** for the blockchain. They solely need ETH to “moon” and “lambo”. So as ETH soars, Ethereum turns into infeasible for customers. Imagine this — it prices $160 to switch $100 price of tokens! Yes, that is how ridiculous issues have develop into.

This is main startups, DAOs, and builders to migrate to “Ethereum-killers” like Cardano and Solana.

Let’s take an instance to grasp how foolish this case has develop into.

In the standard world, we’d like gas (petrol, diesel, coal, electrical energy, and many others) to energy the transportation sector (trains, planes, vehicles, and many others). Now suppose the value of gas skyrockets. It would influence the complete world financial system. Everything would develop into very costly. The transportation sector would then be pressured to maneuver to different power like photo voltaic.

That’s what the ETH value is doing to the price of doing enterprise on the earth of decentralized finance (DeFi). ETH is the gas for DeFi. Raise its value and also you destroy DeFi. 

The second factor I worry is the sudden creation of an enormous variety of ETH. Unlike Bitcoin which has a cap of 21 million cash, there isn’t a restrict on how a lot ETH may be created. So, if a rogue group all of the sudden created an enormous amount of ETH, its value may crash to close zero!

The third factor I worry is a serious flaw or bug being exploited. Ethereum is present process numerous technological upgrades to enhance transaction speeds, scale back gasoline charges and migrate from proof-of-work to proof-of-stake. One main bug and ETH may lose its worth and crash to zero.


Rohas Nagpal is the writer of the Future Money Playbook and Chief Blockchain Architect on the Wrapped Asset Project. He can also be an novice boxer and a retired hacker. You can comply with him on LinkedIn.


Interested in cryptocurrency? We focus on all issues crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is obtainable on Apple PodcastsGoogle PodcastsSpotifyAmazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital forex, not a authorized tender and topic to market dangers. The data supplied within the article will not be meant to be and doesn’t represent monetary recommendation, buying and selling recommendation or another recommendation or advice of any type supplied or endorsed by NDTV. NDTV shall not be answerable for any loss arising from any funding based mostly on any perceived advice, forecast or another data contained within the article.

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Watch the New The Batman Trailer Unveiled at DC FanDome

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The Batman trailer is right here — in English, Hindi, Tamil, and Telugu. At DC FanDome on Saturday, Robert Pattinson the brand new Batman, Zoë Kravitz the brand new Catwoman, and The Batman writer-director Matt Reeves unveiled a brand new trailer for the upcoming standalone reboot of the Dark Knight. “The delineation between when he’s Batman and when he’s Bruce is not very clear”, Pattinson mentioned at DC FanDome. The new The Batman trailer offers a correct take a look at Gotham City and teases the motion sequences. The Batman trio spoke extensively in regards to the movie earlier than they debuted the brand new trailer. We additionally get a featurette alongside that arrange the world that this model of Batman lives in, with Pattinson, Kravitz and Reeves speaking in it.

Gotham City cops apprehend the Riddler (Paul Dano) initially of the brand new The Batman trailer. “Fear is a tool,” Batman (Pattinson) says later, earlier than we see him go ballistic on some criminals. Riddler says he is been making an attempt to achieve Batman. Elsewhere, he meets Selina Kyle (Kravitz). His butler Alfred Pennyworth (Andy Serkis) warns him that there is not a lot left for him if he goes down this path. Batman vows that he is vengeance, earlier than The Batman trailer descends right into a flurry of motion.

The Batman trailer DC FanDome

The Batman Hindi trailer DC FanDome

The Batman Tamil trailer DC FanDome

The Batman Telugu trailer DC FanDome

In addition to Pattinson as Bruce Wayne/ Batman and Kravitz because the anti-hero cat burglar Selina Kyle/ Catwoman, The Batman additionally stars Paul Dano because the serial killer Edward Nashton/ Riddler who taunts Batman and the police, Jeffrey Wright as Batman’s police ally James Gordon, John Turturro as mob boss Carmine Falcone, Peter Sarsgaard as Gotham district legal professional Gil Colson, Andy Serkis as Bruce’s mentor and butler Alfred Pennyworth, and Colin Farrell because the disfigured crime lord Oswald Cobblepot/ Penguin.

Barry Keoghan performs Gotham City officer Stanley Merkel, Jayme Lawson is Gotham mayoral candidate Bella Reál, and Alex Ferns portrays Gotham City Commissioner Pete Savage. The Batman has undisclosed roles for Gil Perez-Abraham, twins Charlie and Max Carver, Rupert Penry-Jones, and Con O’Neill.

Behind the scenes, Reeves directs The Batman off a screenplay he co-wrote with Peter Craig (The Hunger Games: Mockingjay – Part 2). Greig Fraser (Rogue One: A Star Wars Story) serves because the cinematographer. On The Batman, Reeves reunites with War for the Planet of the Apes collaborators, together with celebrated composer Michael Giacchino, and editor William Hoy (who edited the DC movie with Tyler Nelson).

Reeves can be a producer on The Batman with Dylan Clark. The Batman is a manufacturing of Reeves’ sixth & Idaho, DC Films, and Dylan Clark Productions. Warner Bros. Pictures is the worldwide distributor. The Batman was made on an estimated price range of $100 million (about Rs. 750 crores).

Though The Batman is technically the subsequent DC film, it isn’t a part of the DC Extended Universe — the shared universe that encompasses the likes of Shazam! and Wonder Woman. The DCEU does have three titles in 2022 although: Dwayne Johnson-led Black Adam in July 2022, The Flash with Ezra Miller, Ben Affleck and Michael Keaton in November 2022, and Jason Momoa-led Aquaman and the Lost Kingdom in December 2022. Shazam returns in Shazam! Fury of the Gods in June 2023.

The Batman releases March 4, 2022 in cinemas in India (in English, Hindi, Tamil, and Telugu) and around the globe.

The Batman poster

The official poster for The Batman
Photo Credit: DC Comics/Warner Bros.

  • Release Date 4 March 2022
  • Language English
  • Genre Action, Crime, Drama, Superhero
  • Cast Robert Pattinson, Zoë Kravitz, Paul Dano, Jeffrey Wright, John Turturro, Peter Sarsgaard, Barry Keoghan, Jayme Lawson, Andy Serkis, Colin Farrell
  • Director Matt Reeves
  • Producer Matt Reeves, Dylan Clark
  • Music Michael Giacchino
  • Production Warner Bros. Pictures

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Shazam! Fury of the Gods First Look Unveiled at DC FanDome

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Shazam is again for a second go. At DC FanDome on Saturday, Zachary Levi and Co. gave us a primary behind-the-scenes take a look at Shazam! Fury of the Gods, the upcoming sequel to the 2019 unique. It showcased Helen Mirren and Lucy Liu in costume, who’re taking part in the Greek god Atlas’ daughters Hespera and Kalypso within the second Shazam film. And following a set photograph that includes the Shazam Family earlier this 12 months, DC FanDome gave us one other peek on the superhero squad that may face up towards these new threats.

“We’re raising the bar with this one,” Levi mentioned at DC FanDome, teasing what DC followers can count on from Shazam! Fury of the Gods. Levi additionally talked in regards to the enjoyable they’d on the units. While the film wrapped manufacturing a few months again, Shazam! Fury of the Gods is just not due for nearly two extra years weirdly. I suppose this has to do with the construction and the larger plans that Warner Bros. has for the DC Extended Universe, which is rising not solely in cinemas however may also broaden on HBO Max going ahead.

Zachary Levi as Shazam on the units of Shazam! Fury of the Gods
Photo Credit: DC Comics/Warner Bros.

Before we see Shazam! Fury of the Gods in 2023, the DCEU will convey us Dwayne Johnson-led Black Adam in July 2022, The Flash with Ezra Miller, Ben Affleck and Michael Keaton in November 2022, and Jason Momoa-led Aquaman and the Lost Kingdom in December 2022. Before all that, we’ve Robert Pattinson in The Batman in March 2022 — it is not a part of the DCEU although, not like the others.

In addition to Levi, Mirren, and Liu, Shazam! Fury of the Gods additionally stars Asher Angel as {the teenager} Billy Batson, Jack Dylan Grazer as his bodily disabled superhero-fan foster brother Freddy Freeman, Faithe Herman as his good-natured youthful foster sister Darla Dudley, Grace Fulton as his mature academically pushed older foster sister Mary Bromfield, Ian Chen as his obsessive gamer youthful foster brother Eugene Choi, and Jovan Armand as his shy older foster brother Pedro Peña.

Upon saying the phrase “Shazam!”, Batson and his foster siblings flip into their grownup superhero types who’re performed respectively by Levi, Adam Brody, Meagan Good, Fulton, Ross Butler, and D.J. Cotrona. Shazam! Fury of the Gods may also function the returning Marta Milans and Cooper Andrews as their foster mom and father Rosa and Víctor Vásquez, respectively.

Behind the scenes, Shazam!’s director David F. Sandberg and author Henry Gayden return in these respective capacities on Shazam! Fury of the Gods. Gyula Pados — recognized for his work on Jumanji: Welcome to the Jungle, and its sequel Jumanji: The Next Level — serves because the cinematographer. Peter Safran and Geoff Johns are producers on the second Shazam live-action film. Shazam! Fury of the Gods is a manufacturing of DC Films, New Line Cinema, The Safran Company, and Mad Ghost Productions. Warner Bros. Pictures handles distribution worldwide.

Shazam! Fury of the Gods is at the moment set to launch June 2, 2023 in cinemas in India and around the globe.

  • Release Date 2 June 2023
  • Language English
  • Genre Comedy, Fantasy, Action, Superhero
  • Cast Zachary Levi, Asher Angel, Jack Dylan Grazer, Djimon Hounsou, Rachel Zegler, Helen Mirren, Lucy Liu, Adam Brody, Faithe Herman, Meagan Good, Grace Fulton, Ian Chen, Ross Butler, Jovan Armand, D.J. Cotrona
  • Director David F. Sandberg
  • Producer Peter Safran, Geoff Johns
  • Production Warner Bros. Pictures

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Aquaman and the Lost Kingdom First Look Unveiled at DC FanDome

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Aquaman is again. Jason Momoa unveiled a behind-the-scenes take a look at Aquaman and the Lost Kingdom, the primary main DC Extended Universe superhero sequel since final 12 months’s Wonder Woman 1984. The teaser primarily options director James Wan’s tackle the movie’s taking pictures and the general imaginative and prescient of the Aquaman franchise. Fans additionally acquired a glimpse of titular star Jason Momoa in motion, alongside Amber Heard, Yahya Abdul-Mateen II, and Patrick Wilson. Aquaman and the Lost Kingdom is slated to launch on December 16, 2022.

Momoa stated he was “proud” of the sequel, and that he was “super excited to be back” on the units of Aquaman and the Lost Kingdom as he launched the behind-the-scenes teaser. Wan stated that followers can anticipate Aquaman 2 to be “more mature” but retain the enjoyable components which made 2018 film a business success. Apart from Momoa tossing round dangerous guys on the set, the teaser additionally confirmed Abdul-Mateen II, Heard, and Wilson in motion.

We get a short glimpse of Aquaman’s new stealth swimsuit. That’d most likely come in useful as he takes on Abdul-Mateen II’s Black Manta, who’s “still seeking his vengeance” and plans to “kill Aquaman,” as per Wan.

Aquaman and the Lost Kingdom stars Momoa, Abdul-Mateen II, Heard as princess of the underwater Xebel kingdom Mera, Wilson as King Orm or Ocean Master who equals Aquaman himself along with his aquatic powers, Dolph Lundgren as Mera’s father King Nereus, and Randall Park because the pleasant marine biologist Dr Stephen Shin.

James Wan returns on the director’s chair for Aquaman and the Lost Kingdom, with Aquaman co-writer David Leslie Johnson-McGoldrick solely liable for the screenplay.

Aquaman and the Lost Kingdom is slated to launch on December 16, 2022, which continues to be significantly a very long time away. Before that, DCEU followers will probably be handled with the Dwayne Johnson-led Black Adam in July 2022, Ezra Miller-starrer The Flash in November 2022. Not part of DCEU, the Robert Pattinson-starrer The Batman is ready for March 2022.

  • Release Date 16 December 2022
  • Language English
  • Genre Adventure, Action, Fantasy, Superhero
  • Cast Jason Momoa, Amber Heard, Patrick Wilson, Patrick Wilson, Dolph Lundgren, Yahya Abdul-Mateen II, Temuera Morrison, Randall Park, Vincent Regan
  • Director James Wan
  • Producer Peter Safran, James Wan
  • Music Rupert Gregson-Williams
  • Production Warner Bros. Pictures

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