Ethscriptions Price (ETHS)

Ethscriptions (ETHS) Price Now

Ethscriptions price today is $1.86 with a 24-hour trading volume of $648,661. ETHS price is up 5.09% in the last 24 hours. It has a circulating supply of 21Mil ETHS tokens and a max supply of 21Mil.
In order to search for real-time and historical information about Ethscriptions (ETHS) blockchain, including data related to blocks, transactions, addresses, and more, you may use Ethscriptions (ETHS) block explorers. Here are some of the most popular and useful Ethscriptions (ETHS) blockchain explorers out there:

• ethscriptions.com

What Is Ethscriptions(ETHS)?

Ethscriptions are an alternative to smart contracts—which are prohibitively expensive for most users—and to L2s, which today are centralized.
Ethscriptions is a protocol that allows users to share information and perform computations on Ethereum L1 at a drastically lower cost.
Ethscriptions achieves this by bypassing smart contract storage and execution and instead calculating state by applying deterministic protocol rules to "dumb" Ethereum calldata.
The goal of Ethscriptions is to give ordinary users the ability to perform decentralized computations for a reasonable price.

How to Transfer Ethscriptions?

Find the id of the Ethscription you want to transfer. An Ethscription's id is the transaction hash of the transaction that created the Ethscription. It looks like this: 0xcdb372580242c1c1bbcd2914ddbdb609b33d2e2e163c6595e164cb4dc6665153. You can get this from CoinCarp. Send a 0 ETH transaction to the new proposed owner, including the Ethscription ID in the "Hex data" field. After a few moments the Ethscription's owner should update on this site, provided you were the owner of the Ethscription when you sent the transfer transaction. Unauthorized transfers are ignored.

How to Track Ethscriptions?

You can use ethscriptions.com. However if you don't want to rely on it you can track things yourself as all the necessary data is publicly available and uncensorable. You will need an indexer, and soon the indexer that powers this website will be open sourced. But it’s not that hard to build an indexer that follows these rules; you can get historical data from BigQuery and use Alchemy APIs to get real time data.

Are Ethscriptions secure and trustless?

Absolutely! You can use the Ethscriptions protocol without relying on external parties. While it might be convenient to trust an indexer, like most Ethereum community members do with Etherscan, you can always rebuild and verify the indexer data manually.

Are Ethscriptions decentralized?

Yes, Ethscriptions reinterpret existing Ethereum data, which is decentralized by nature. No one's permission is required to use Ethscriptions and no one can ban you from using it. By contrast, NFTs often rely on data stored in specific contracts that one person might control.

Ethscriptions & ETHS Q&A

Q1: What is Ethscriptions?
A1: Ethscriptions is a revolutionary decentralized Ethereum Layer 1infrastructure, developed by Tom Lehman and Michael Hirsch. It enables users tointeract with contracts and perform calculations on Ethereum at extremely lowgas costs by utilizing Dumb Contracts and the Ethscriptions Virtual Machine(ESC-VM), aiming to optimize the scalability and functionality of the Ethereumnetwork.

Q2: About $ETHS Token
A2: $ETHS is the pioneering and symbolic token of Ethscriptions, with a totalsupply of 21 million. $ETHS holders can gain benefit empowerment from variousmajor projects within the Ethscriptions ecosystem. $ETHS has its own exclusiveofficial bridge in Ethscriptions.

Q3: How does Ethscriptions achieve low gas costs?
A3: Ethscriptions achieves this by bypassing smart contract storage andexecution, instead applying deterministic protocol rules to Ethereum's calldata tocalculate state. According to the founder's data testing, interacting with 4000batches only costs about 0.11 ETH, with an average gas cost of less than 0.05uper interaction.

Q4: Where can $ETHS be purchased?
A4: Currently, $ETHS can be purchased at https://www.etch.market/market. Eachinscription contains 1000 $ETHS tokens. Once Dumb goes live on the mainnet,$ETHS inscriptions can be converted into fungible tokens through the officialbridge and traded on DEXs like DumbSwap.

Q5: What are Dumb Contracts?
A5: Dumb Contracts are a new method of blockchain interaction anddevelopment that strategically utilizes transaction calldata instead of traditionalsmart contract storage, opening a new frontier for Ethereum scaling. Thisinnovative method has the potential to significantly reduce gas costs, adhering tothe principles of economical and streamlined blockchain interaction.

Q6: Who are the founders of Ethscriptions, and what are theirbackgrounds?
A6: Ethscriptions was co-developed by Tom Lehman (former CEO ofGenius.com) and Michael Hirsch (founder of Indelible Labs). Genius.com hadpreviously received seed round investment from top-tier investment institutionslike A16Z.

Q7: When can $ETHS inscriptions be converted into fungible tokens, andhow is this done?
A7: When Dumb goes live on the mainnet, $ETHS inscriptions can be convertedinto fungible tokens through the $ETHS exclusive official bridge created by theofficial. A sneak peek experience is available on DumbSwap’s Goerli Testnet:https://dumbswap.app/.

Q8: What is the main goal of Ethscriptions?
A8: The primary objective of Ethscriptions is to empower ordinary users toperform decentralized computations and interactions at a cheaper price, whilealso optimizing the scalability and functionality of the Ethereum network, openingup new possibilities for developers, consumers, and investors in the Ethereumecosystem.

Q9: What is the significance of DumbSwap in the Ethscriptions ecosystem?
A9: DumbSwap, developed on the Ethscriptions Virtual Machine (ESC-VM) bythe official founders of Ethscriptions, utilizes Dumb Contracts to facilitate tokenswaps, liquidity provision, and yield acquisition without deploying a smartcontract. It represents a practical application of Ethscriptions technology,showcasing the potential and functionality of Dumb Contracts and ESC-VM.

Q10: What is the empowerment of $ETHS, and what benefits do holdershave?
A10: $ETHS, as the pioneer and consensus symbol token of Ethscriptions, hasthe staunch support of the founders, and the founders have developed anexclusive ESC-VM mainnet bridge for $ETHS. $ETHS holders will gainsubstantial benefit empowerment in various major projects within theEthscriptions ecosystem, such as airdrops, lotteries, and various activities!

Q11: How is Ethscriptions different from Layer 2 solutions?
A11: Ethscriptions operates on Ethereum Layer 1 and aims to replace all Layer 2functionalities with more decentralization. It provides a solution that allows usersto perform decentralized computations and interactions at a lower cost than theEthereum mainnet and some Layer 2 solutions (such as ARB and Zk rollup)without using layered protocols.

Q12: How do I participate in the Ethscriptions ecosystem?
A12: You can participate by joining the ETHS Odyssey 1 event, exploring DumbContracts on DumbSwap Goerli Testnet, and providing feedback to help enhanceDumbSwap. Additionally, holding $ETHS tokens allows you to gain benefits fromvarious projects within the Ethscriptions ecosystem.

Q13: What potential impact does Ethscriptions have on the Ethereumnetwork?
A13: Ethscriptions could significantly impact the Ethereum network by providingsolutions to key challenges such as high gas costs and scalability issues. Itprovides a more scalable, efficient, and decentralized platform for building andinteracting with various applications on Ethereum L1, opening up newpossibilities for decentralized applications.

Q14: How secure are the Ethscriptions network and Dumb Contracts?
A14: The design of Ethscriptions focuses on security and robustness. DumbContracts, while providing an economically viable alternative to traditional smartcontracts, are developed with a strong focus on maintaining the security andintegrity of network transactions and interactions.

Q15: Can Ethscriptions handle DeFi, GameFi, NFT, Swap, and DEXfunctionalities?
A15: Yes, Ethscriptions can implement any functionality that can be achieved onthe Ethereum mainnet and Layer 2, such as DeFi, GameFi, NFT, Swap, andDEX. It is actively building its ecosystem, and members of various projects havecontributed to the development and promotion of the Ethscriptions ecosystem.

Q16: How can developers get involved with Ethscriptions?
A16: Developers interested in Ethscriptions can explore its functionalities onDumbSwap on the Goerli Testnet, understand how Dumb Contracts work, andconsider developing or migrating projects to utilize Ethscriptions infrastructure.They can also connect with the Ethscriptions community and developers forfurther discussions and collaborations.

Q17: Will $ETHS be listed on CEXs?
A17: $ETHS, as a vital element of the Ethscriptions ecosystem, has garneredattention from exchanges such as OKX, Huobi, Gate, and Bitget. While exactlisting details cannot be provided at this time, the attention from these exchangesbrings a positive outlook for future liquidity and trading options for the $ETHScommunity. Please stay tuned to official channels for more upcoming news andupdates!

Ethscriptions (ETHS) Community

• Twitter: https://twitter.com/eths_X
• Discord: https://discord.com/invite/ethscriptions
• Telegram: https://t.me/ethscriptionsglobal