akula VS ethereum-burn-stats

Back in November, Artem Vorotnikov (Akula developer) made this tweet:

On a related note, I'm also keeping tabs on Akula, because a Rust-based client is a damn sexy proposition for running a performance-sensitive node 24/7.

It certainly seems it will be remembered as a major success story for open p2p protocols on the global Internet of our time.

A great multitude of developers and enthusiasts belonging or contributing to diverse teams spread across the world: developing, debating, and collaborating for years to arrive at the big event.

And it's all been done very much in the public view:

https://weekinethereumnews.com/

https://hackmd.io/@benjaminion/eth2_news

https://github.com/ethereum/pm

https://www.youtube.com/c/EthereumFoundation/videos

Consensus Clients:

https://github.com/sigp/lighthouse#readme

https://github.com/ChainSafe/lodestar#readme

https://github.com/status-im/nimbus-eth2#readme

https://github.com/prysmaticlabs/prysm#readme

https://github.com/ConsenSys/teku#readme

Execution Clients:

https://github.com/akula-bft/akula#readme

https://github.com/hyperledger/besu#readme

https://github.com/ledgerwatch/erigon#readme

https://github.com/ethereum/go-ethereum#readme

https://github.com/NethermindEth/nethermind#readme

https://github.com/status-im/nimbus-eth1#readme

Akula. Ethereum client written in Rust, based on Erigon client architecture.

EIP-1559 was a surprise to me in a good way. We had spent so much time imagining what it would look like, probably expecting it to be a bit rough around the edges at first. The adoption numbers at the beginning were not high (still lots of type 0/1 transactions) but the basefee was working like a charm. Props to watchtheburn.com and perema's fee feed, which I used to track the early deployment!

Transaction fees are burned, but the transactions fees are so low that the burnt amount is unnoticeable. Burns are in the tens of millions of dollars while issuance is 100x greater in the billions of dollars. Compare this to Ethereum's burn, which currently reduces issuance by nearly 60%.

Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is now offset 35% in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have supply deflation and become a positive-sum investment.

Much love and respect to the individuals/teams that coded and hosted watchtheburn.com 🔥 for the last year. They kept the site up a few days longer than they initially planned for, but have now officially shut down.

WatchTheBurn shows a total of 3,099,476 ETH since eip1559

https://watchtheburn.com/ is closing down?

look at the tips column of this website https://watchtheburn.com/ to see what miners are earning now.