 Hello everybody, welcome to the new year and one of the very few live streams that we do these days So today just like the title and thumbnail suggest we're going to take a look at what's going on with Ethereum And maybe they can actually write the ship that's gone wrong in 2024 Also, we're gonna take a look at a couple of airdrop type of things and then also a game That's kind of caught my attention and I'll let you decide. It's a good something for you to look at and do your own research First things first. Thanks everybody for showing up on New Year's Day. I guess Everybody made it through last night Depending on how much you actually did so congratulations. You made it to the next year and I got to tell you before I move on I think this year is going to be just Fantastic and I don't I mean we might see some some macro turmoil We might see small signs of recessions We might see a black swan But in the end everything's inevitable especially with this crypto angel asset space and I think we're at the right place at the right time Especially with what's coming up and who knows if that easy advocates approved Maybe next week and yeah, so today. Let's talk about a theorem before I do that. I get so many Responses from these stupid AI videos that come out and it's either it's either Brian Armstrong It's either Micro strategies Michael Saylor. It's either Brad Garling house or a host of other different people that are in the know for these big products that are crypto and as a reminder, I did a complete video on this just like last week and It's already got like coming It's got 78,000 views. So I understand what's going on here But I've linked this video particularly in the comment section So you can watch this video. It's a whopping five minutes and 28 seconds. And yes, I know what YouTube is doing. I can't help it. It's just how it is. So just make sure you don't get screwed over by these stupid AI Videos, but yeah, it's annoying. But what can you do? Now a theory of This I don't I some days I look at a theory and this just happened I was swapping some things doing some very degen plays as I do every so often and I came across this like the most ridiculous. This is the gas fees and we pay for this. It's crazy, right? Now, I understand I understand that with Ethereum We have an issue with L1 and L2's people to say we'll just start with L2's We'll just switch everything over. You still got to go from layer one, which would be a theorem to these L2's so right now it is a in my opinion, not the greatest system of all time and If you've ever used a dex with Solana, you'll know exactly what I'm talking about. It's super fast It's super easy. Some people might say it's centralized Well, it doesn't seem to make a big difference when everybody's buying up Solana like crazy I'm just saying that's just the way the tide is going But is there some help on the horizon potentially and here's what? Came out from blockworks now. I'm gonna read this. I'm not a developer, but I linked this in the description I'm just gonna hit the high points for what it is because I'm sure the the vastly superior technical individual that is yourself Can can find fault in the different snippets of information. I'm going to present here So just to be time-saked, let's just go over the highlights So the latest Ethereum all core developers meaning finally put some tentative dates on the Upgrade schedule for the next main net hard fork. So if there's gonna have a hard fork Don't worry. It's not gonna be a whole new chain or anything like that Like when we had Bitcoin a Bitcoin cash or Bitcoin SV, which I don't know some people seem to love that stuff But whatever and there's gonna be a hard fork called Denkin I'm sure I said that right with the caveat that it's only if no major issues arise and if you remember Previously to go from proof of word to proof of stake It was the same thing if no major issues arise and that means is that there's probably gonna be delays because that's the problem when you have Or when you built a specific technology and His time has gone on you need to upgrade it But everybody's using it the the analogy is training the trans or changing the transmission down the highway While you're going 80 miles per hour. It's very tough Ethereum devs are eyeing the following dates for forking a theorem's public test nets Gordly I said it nailed it January 17th Sepulia January 30th and a leskey February 7th This will be the last time that go early is including the testing regimen as the network is slated for Deprecation essentially going away. Here are some of the improvements to watch in 2024 EIP 4844 proto dank sharding dank Dang sharding, that's a good word Yeah, and this is what's important because let's just be honest if they're gonna be great It's battle tested everybody use everybody builds on it, but she's the fees are outrageous Well, here's what they're trying to do about it the upgrade will do is the cost of data availability across all layer twos. That's fantastic a Transformational enhancement that will slash roll up gas fees by up to 100x So when we're talking about these things just understand that it's not gonna go from 18 bucks to Fractions of a penny, but everything helps and we'll see how much they can actually get it down to account abstraction Comes into its own account abstraction is set to revolutionize and revolutionize the way we perceive and interact with wallets making gasless Transactions the standard I like that, but again, this doesn't mean that everything will be gasless and will go to like Oh, I don't have to pay anything it's just within these wallets and you can secure social logins Which will be the new norm Fundamentally reshaping the Ethereum user experience it can enhance both user experience security It allows for more complex account logic such as multi swing SIG wallets or social recovery of lost keys Here's how social recovery works. Have you ever lost your mnemonic phrase? I have it sucks I'm missing 20,000 ADA because I got in during the very very very early days And now it would have been about $60,000 at the peak of Cardano when it hit almost three dollars that is all gone Now if you have a social type of network or social recovery you can name these different people you can go through them and go Hey, there's a piece. I need I need to recover this a lost private key Do all the work and it's scattered about Across your social network so people can prove and say yes, this is yes Yes, yes instead of just going hey, I lost a piece of paper because I got wet and I just lost my entire life savings It is crazy to you know, just saying a lot. It's pretty crazy. That's just how it is So that is a good part EIP-1153 is an opcode or operational code that allows smart contracts to use Transient storage again cutting down costs storage that will be wiped clean at the end of transaction execution That'll free up a lot of space. Hopefully reduce those costs. We're talking about by enabling temporary storage EIP-1153 can reduce the gas costs associated with storing data during contract execution and provide developers more flexibility in designing smart contracts and 4788 proposes to put a beacon black root a summary of a hash tree with a parent block into each Ethereum virtual machine block or EVM this eliminates the need for external oracles Let me say that one more time. Can I say that I was like this is something people might need to be aware of All this happens in a trust minimized manner Eliminating the need for external oracles. What's an oracle? It takes all public data or or external data That's because blockchain is very difficult and can't do that it takes real-world data and puts it onto the blockchain You know what a really popular oracle is chain link So again with my limited knowledge of what they're talking about here if we're talking about eliminating oracles all together That's not a good sign for chain link comments Please comments in the in the comment section. I got that wrong. That's why I linked it But eliminated me for external oracles to provide this data and thereby reducing potential points of failure or manipulation And it goes into some other stuff and I honestly my eyes glazed over so That's good Ethereum looks like they're doing the hard the hard work and I hope it works out I've got a big bag of Ethereum So it'd be great if it actually goes up, but if it doesn't that I'm not married any altcoin That's just really how it goes anyhow. Let me know what you think about that in the comments section and also if you're looking for some more Alternative ways to get into the crypto market. I've been using this interact INT RAC T IO intract IO and it's all about for airdrops And you just do these little goofy little quests. I do like one a day It takes me like five minutes like I'll follow one of their accounts I'll do a quick little swap and I'll do that in my MetaMask wallet now I linked this there's a link in the description for this intract.io and You might want to give it a shot But before you do as a reminder we talked about this yesterday Please make sure that the wallet that you're using doesn't contain your entire life savings and your kids fund to college and everything else Because when you do these you are open yourself up at Tremendous risk because it is a hot wallet and you should never do that You should actually be using a cold storage device like a tangent or a ledger or an ellipal or a tracer or whatever It is that you like to do so if you want to do that give it a shot take again I do one every five minutes. It's doing pretty good. And also speaking of airdrops This caught my attention Farkana and This is a game if if you follow me over at Dan D gen which is more of a riskier play that's where like you're either gonna make a lot of money or you're gonna lose everything one of those two things are guaranteed and One of these projects came to my attention From a mutual friend and I gotta tell you it looks pretty it looks to me like like fortnight And what I found interesting when I went to it is that they're also doing airdrops and I linked this in the description You can check this out and you just have to do these little goofy little things like sign up for an email list and Have everything done with your Following them on Twitter or X as it's called now, but yeah, and I Took a look at them like this looks pretty good. I'll be covering this the friend the mutual friend is actually 10 set It's just a launch pad which I've worked previously before with projects like fame and Everdome and stuff like that did pretty well 3000% plus and such so and so forth but When I was taking a I'll do a deep dive later, but the game itself you already saw it What I want you to pay attention to is these new products that come out is who invested and who's behind it? And what's it doing? Games are gonna come so so hot and heavy like Axie infinity I thought was a goofy game, but seen people seem to love it and I didn't really think it was it had longevity But hey still still around on the Ronin network that in pixels. Well, I took a look at this The people that are investing into these projects Because you don't cuz because the thing is when I look at this I'm like who's pushing this project and how much how much hype is behind it because let's be honest Some of these things are just a lot of hype and not a lot of substance games I think are a little bit different because you actually play them and actually get the NFTs and get the tokens They actually do the thing that you want to do in the games and because gamers game, right? And we talked about this before but some of the big names are Anamoka brands that is one of the biggest players in the space as far as web 3 polygon ventures Then bushy capital, which we've actually talked to as well Merit circle rarestone capital and then pro trust and these are like bit forex These are big names and you're gonna take a look at the angel investors yet Sue is actually the founder of Anamoka brands So not only did his company put money into it He himself put money into this So if you don't think they're gonna push the living hell out of this thing, you're crazy So then you got let's see capo, which people I don't know. That's the same as The same capo that's made some ridiculous calls beforehand but maybe has to help himself dig himself out crypto dog, which I follow Calio pentoshi and what I Want to show you is I linked this tweet in the in the description. I want you to go through all these people And you'll see Like some of these people like Say for pentoshi, he has seven and three two thousand followers. If you don't think That he put money in that to not talk about it. I think it's gonna be happening I had Kelly O has six hundred thirteen thousand followers the crypto dog has seven fifty five And so I'm gonna have you do the research on this but when I'm looking at difference projects the game looks cool I heard about it from a person I actually trust and he had a lot of people behind it And on top of that I also heard a rumor Which is just a rumor that it's going to be on a very big platform as far as essentialized exchange to be listed I can't confirm or deny that I'm just saying these are things I look at and go and think to myself man That could be a pretty big thing Anyhow, let me know what you think about that in the comment section I linked also there's going to be an AMA which I'll be at with 10 set and for a conna That'll be on Wednesday at 7 a.m. My time, which is like 6 a.m. Eastern Standard Time for you guys and That will be it and then lastly before we get in the Q&A This Thursday from 4 to 6 we're gonna do a meetup over the San Juan smokehouse And I'll talk to you guys usually what people ask me like what do you guys do there? Mostly we have beers and talk about what's going on the crypto market I talk about some of the things that I'm doing that I usually don't talk about in this channel and People tell me some really good things that they're doing and there's a lot of very smart people out there especially here in Puerto Rico, and there's a lot of Crypto OGs who have been around since 2011 12 and 13 and they tell me things that Blow your mind, but if you got time Stop by and I'll be posting about this later, but that's it for today. So look like today's video Give it a thumbs up consider subscribing give me talk about his time sensitive now