KozukiOdenGas Prices & Nonces
If you have interacted with a smart contract on Ethereum Mainnet, you have probably heard of gas or had to pay gas for your transaction. Gas is typically measured in gwei. Demand for block space on Ethereum Mainnet currently outpaces its supply, so the richest users tend to pay a premium to put their transactions through first. Many believe this will likely be an end-state for many of the monolithic blockchains existing today that claim to solve scaling. Block space will continue to be a prem...
KozukiOdenHow to create a token URI
Creating an NFT using the ERC721 standard means that the token created also needs a token URI Things you’ll need. This list is not extensive and will depend on how much metadata you want your token to haveThe image fileThe image nameThe image descriptionAn IPFS path for the image e.g. ipfs://QmVDae8m3X6HZf9v2Jnyqe53Xpj64vEvQDUci1NpX1KrcsThe first thing you’ll need to do is upload the image to an IPFS node. You can create a pinata account to do this. Once the image is uploaded and pinned on Pi...
KozukiOdenHow to 'backup' your NFT
While a blockchain can cryptographically prove which address a token belongs to, if this token represents a digital image then it is likely the file displayed is stored on a server that may not have/keep having the data availability of a mature, socially distributed blockchain.Punk 8694 File URLTo prevent losing this image due to unforeseen reasons the simplest way would just be to right-click + save to your computer. Another way would be to also setup an IPFS node and pin the images. To do t...
KozukiOdenGas Prices & Nonces
If you have interacted with a smart contract on Ethereum Mainnet, you have probably heard of gas or had to pay gas for your transaction. Gas is typically measured in gwei. Demand for block space on Ethereum Mainnet currently outpaces its supply, so the richest users tend to pay a premium to put their transactions through first. Many believe this will likely be an end-state for many of the monolithic blockchains existing today that claim to solve scaling. Block space will continue to be a prem...
KozukiOdenHow to create a token URI
Creating an NFT using the ERC721 standard means that the token created also needs a token URI Things you’ll need. This list is not extensive and will depend on how much metadata you want your token to haveThe image fileThe image nameThe image descriptionAn IPFS path for the image e.g. ipfs://QmVDae8m3X6HZf9v2Jnyqe53Xpj64vEvQDUci1NpX1KrcsThe first thing you’ll need to do is upload the image to an IPFS node. You can create a pinata account to do this. Once the image is uploaded and pinned on Pi...
KozukiOdenHow to 'backup' your NFT
While a blockchain can cryptographically prove which address a token belongs to, if this token represents a digital image then it is likely the file displayed is stored on a server that may not have/keep having the data availability of a mature, socially distributed blockchain.Punk 8694 File URLTo prevent losing this image due to unforeseen reasons the simplest way would just be to right-click + save to your computer. Another way would be to also setup an IPFS node and pin the images. To do t...
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One of the reasons decentralized public blockchains are useful is because theoretically, anyone can download a copy of the ledger(blockchain), sync up to the present block and then validate current transactions.
What better way to make sure the cryptocurrency you just bought isn’t all smoke and mirrors than running your own node and participating in the network.
However, depending on the computing requirements of the protocol and the length of time the protocol has been running, it can become difficult for most people to run computers or buy enough storage to keep up with the information stored in the chain. i.e. is the protocol socially scalable(easy for most people to run a node) or computationally scalable(can handle a large throughput but requires special computers most cannot afford).
The current size of the Ethereum Classic ledger is about 300GB and it can be run on a computer with 4GB of RAM. The storage will have to be a SSD drive as mechanical drives can not keep up with the disk read/write requirements of mainnet.
PS: I initially tried syncing to the tip of the chain which was about block 14,000,000 with a mechanical drive. it’s been a week and I am only at block 3,000,000.
My Setup
Computer: 16GB RAM M1 Mac Mini
Ethereum Classic Client: Hyperledger Besu, this guide explains how to setup the node
Storage: Samsung T7 SSD
One of the reasons decentralized public blockchains are useful is because theoretically, anyone can download a copy of the ledger(blockchain), sync up to the present block and then validate current transactions.
What better way to make sure the cryptocurrency you just bought isn’t all smoke and mirrors than running your own node and participating in the network.
However, depending on the computing requirements of the protocol and the length of time the protocol has been running, it can become difficult for most people to run computers or buy enough storage to keep up with the information stored in the chain. i.e. is the protocol socially scalable(easy for most people to run a node) or computationally scalable(can handle a large throughput but requires special computers most cannot afford).
The current size of the Ethereum Classic ledger is about 300GB and it can be run on a computer with 4GB of RAM. The storage will have to be a SSD drive as mechanical drives can not keep up with the disk read/write requirements of mainnet.
PS: I initially tried syncing to the tip of the chain which was about block 14,000,000 with a mechanical drive. it’s been a week and I am only at block 3,000,000.
My Setup
Computer: 16GB RAM M1 Mac Mini
Ethereum Classic Client: Hyperledger Besu, this guide explains how to setup the node
Storage: Samsung T7 SSD
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