some primer-knowledge (IKnowIt!)

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Staking Economics

One of my Lockdown Crypto Episode video description section got vital link which clarifies that (Ctrl+F) - Validators comprise primarily of miners and mining pools that run full nodes.

now, Vitalik in 2019 Ethereum2.0 launch says

a)STAKING: as blockchain being secured by large computers running very expensive computation 24/7 (VB is talking about running full node), instead you use coins inside system as basis for system security, so people who have coins can participate as validator ,and doing so, you can have chain come to consensus cheaper.

b) Then Vitalik Buterin says: in SHARDING upgrade, each validator in consensus only needs to verify small portion of all of transactions(which is of course latest txs, you dont need to verify from block 0- genesis block) instead of where every computer in network has to process every single transaction ,and in doing so , it increases scalability of blockchain and scalabilty of network is also much higher than scalablity of single computer ; co-ordinated task doing much efficient than single doing effect

_a) definitely has answer to my very old question of : If so, new coins are created as reward just from minimum staking.

What then prevents price from inflation as economics 1st principle is, more supply means less price provided demand is constant. Is it just demand consistent increase to offset this 1st principle effect.

Something more circular ecosystem must be brewing on, As was explained by Karl Floresch in optimistic rollup. PS: its applicable not only in eth but this inflation prevention has been going on in bitcoin and must be in other blockchain since yrs. Quarterly burning of BNB coin has been practiced in binance to offset this inflation effect but I haven’t heard such thing in eth bitcoin, Then what it is?

some terms related to staking(st.) are updated by new terms in polka ecosystem as below: image

EtherScanKnows

Being able to infer directly from etherscan is like being able to read numbers directly from tickers in exchange (its way better than reading at medium as words can lie, numbers don’t) ,and you can infer from it - where big swapping is taking place ,and that means where big pumps are going to happen. and one thing I noticed is: just like individual (like me)’s value transfer from one token to another is UI-ed, same exact is for contract interaction with another.

So, there are three types of interaction that can happen in ERC20, ERC721, ERC-xxx which is UI-ed by etherscan.

  1. individual address to contract (ie when you buy some tokens paying ether to that contract add.)

  2. contract address to contract address (like tether swapping from its contract address to say another ERC20 contract address)

  3. contract address to individual (I speculate this can happen, and is not same as a . Though I have not seen it anywhere till now and I don’t know what it means physically) See less