The content of this article comes from the ETHS community QA and is reprinted by Odaily with permission.

Ethscriptions have become very popular recently. Amid the silence of the ordinals ecosystem, the price of ETHS nearly tripled overnight. Price and hype aside, what other key information about Ethscriptions deserves our attention? How should users participate in the Ethscriptions ecosystem? This article compiles 17 community questions and answers from ETHS. The content is as follows:

Q1: What are Ethscriptions?

A1: Ethscriptions is a revolutionary decentralized Ethereum Layer 1 infrastructure developed by Tom Lehman and Michael Hirsch. It enables users to interact with contracts and perform calculations on Ethereum at extremely low gas costs by using dumb contracts (Dumb Contracts) and Ethscriptions Virtual Machine (ESC-VM), aiming to optimize the Ethereum network. network scalability and capabilities.

Q2: About $ETHS token

A2: $ETHS is Ethscriptions’ seminal and iconic token with a total supply of 21 million. $ETHS holders can obtain benefits from major projects in the Ethscriptions ecosystem. $ETHS has its own dedicated official bridge Ethscriptions token.

Q3: How does Ethscriptions achieve low gas costs?

A 3: Ethscriptions achieve this goal by bypassing smart contract storage and execution and instead calculating state by applying deterministic protocol rules to Ethereums calldata. According to the founders data test, 4,000 batch interactions only cost about 0.11 ETH, and the average gas cost of each interaction is less than 0.05 u.

Q4: Where can I buy $ETHS?

A4: Currently, you canMallBuy $ETHS, each containing 1,000 $eths tokens. After the Dumb main network is launched, it can be converted into a fungible token through the official bridge and traded on DEXs such as DumbSwap.

Q5: Dumb Contracts What are dumb contracts?

A5: Dumb Contracts is a new method of blockchain interaction and development that opens up new frontiers for scaling Ethereum by strategically leveraging transaction calldata instead of traditional smart contract storage. This innovative approach has the potential to significantly reduce gas fees, in line with the principles of economical and streamlined blockchain interactions.

Q6: Who is the founder of Ethscriptions and what is his past background?

A6: Ethscriptions was jointly developed by Tom Lehman (former CEO of Genius.com) and Michael Hirsch (founder of Indelible Labs). genius.com has received seed round investment from top investment institutions such as A16Z.

Q7: When can the original inscription of $ETHS be converted into a fungible token and how to operate it?

A7:When Dumb is launched on the main network, the $ETHS inscription can be converted into a homogeneous token through the $ETHS exclusive official bridge created by the official. Currently available atDumbSwap’s Goerli test networkGo to early access.

Q8: What is the main goal of Ethscriptions?

A8：The main goal of Ethscriptions is to provide ordinary users with the ability to perform decentralized computation and interaction at a cheaper price, while optimizing the scalability and functionality of the Ethereum network for developers, consumers and investors. to open up new possibilities in the Ethereum ecosystem.

Q9: What is the importance of DumbSwap in the Ethscriptions ecosystem?

A9: DumbSwap was developed on the Ethscriptions virtual machine (ESC-VM) by the official founder of Ethscriptions, and uses Dumb Contracts to facilitate token exchange, liquidity provision and revenue acquisition without the need to deploy a smart contract. . It represents a practical application of Ethscriptions technology, demonstrating the potential and capabilities of Dumb Contracts and ESC-VM.

Q10: What is the empowerment of $ETHS and what are the benefits for holders?

A10:As the pioneer and consensus token of Ethscriptions, $ETHS has the firm support of the founder, and the founder developed the official exclusive ESC-VM mainnet bridge for $ETHS. $ETHS holders will receive substantial benefits in various major projects in the Ethscriptions ecosystem, such as airdrops, draws, and other activities!

Q11: How are Ethscriptions different from Layer 2 solutions?

A11:Ethscriptions run on Ethereum Layer 1 and aim to replace all Layer 2 functionality with more decentralization. It provides a solution that allows users to perform decentralized computation and interaction at a lower cost than the Ethereum mainnet and certain second-layer solutions such as ARB and Zk rollup, without the need for Use layered protocols.

Q12: How do I participate in the Ethscriptions ecosystem?

A12: You can get involved by attending the ETHS Odyssey 1 event, exploring Dumb Contracts on the DumbSwap Goerli Testnet, and providing feedback to help enhance DumbSwap. Additionally, holding $ETHS tokens allows you to earn benefits from various projects in the Ethscriptions ecosystem.

Q13: What potential impact does Ethscriptions have on the Ethereum network?

A13:Ethscriptions have the potential to significantly impact the Ethereum network by providing solutions to key challenges such as high gas costs and scalability issues. It opens up new possibilities for decentralized applications by providing a more scalable, efficient and decentralized platform for building and interacting with various applications on Ethereum L1.

Q14: How secure are the Ethscriptions Network and Dumb Contracts?

A14: Ethscriptions are designed with security and robustness in mind. Dumb Contracts provides a cost-effective alternative to traditional smart contracts while being developed with great attention to maintaining the security and integrity of network transactions and interactions.

Q15: Can Ethscriptions handle DeFi, GameFi, NFT, Swap and DEX functions?

A15: Yes, Ethscriptions can implement any function that the Ethereum mainnet and the second layer can implement, such as DeFi, GameFi, NFT, Swap and DEX. It is actively building its ecosystem, and members of various projects contribute to the development and promotion of the Ethscriptions ecosystem.

Q16: How can developers participate in Ethscriptions?

A16: Developers interested in Ethscriptions can explore its features through DumbSwap on the Goerli Testnet, learn how Dumb Contracts work, and consider developing or migrating projects to take advantage of the Ethscriptions infrastructure. They can also connect with the Ethscriptions community and developers for further discussion and collaboration.

Q17: Will $ETHS be listed on the exchange?

A17: As an important element of the Ethscriptions ecosystem, $ETHS has attracted the attention of exchanges such as OKX, Huobi, Gate and Bitget. While exact listing details are not available at this time, the attention from these exchanges creates a positive outlook for future liquidity and trading options for the $ETHS community. Please keep an eye on the official channels for more upcoming news and updates.