crypto-fees
annotated-spec
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crypto-fees | annotated-spec | |
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107 | 312 | |
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over 1 year ago | 2 months ago | |
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crypto-fees
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Fork question
Pray tell, where they plan to raise that revenue ? Transaction Fees ? They currently have been taking in approx $0.6 M per day. CryptoFees. info
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"Not your keys, not your wallet"
https://cryptofees.info/ https://l2fees.info/
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Ethereum is the dominant chain by almost any real world metrics
It collects more revenue than every other chain combined: https://cryptofees.info/
- CryptoFees.info
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Are alternative layer 1 slowly going to disappear?
Also, all these other alt L1 networks have barely any usage, look at the fee volume https://cryptofees.info/ this means these networks pay for their security via creating and issuing new coin. This means everyones holdings get diluted and worth less (Inflation).
- Cryptocurrency is technically more reliable and safer than FIAT currency.
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Jack Dorsey courts controversy by claiming ETH is a security
In addition, Ethereum is the only crypto that people consistently pay to use. https://cryptofees.info/
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Latest Week in Ethereum News
Not always the most exciting every single week but Ethereum is what people use: https://cryptofees.info
- Ethereum Blockchain Outclasses Visa in Transaction Volumes
- Irgendwas mit Internet: Wir brauchen überwachungsfreie Bezahlalternativen
annotated-spec
- Daily General Discussion - February 17, 2023
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Can't the Sync Committee be cheaply bribed, and therefor serves no real purpose for security?
My current understanding: The Sync Committee selects 512 validators to continually sign off on block header. Any block headers that get >2/3 are "valid"1, such that Light Clients using this header for verification can trust it.
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Ethereum Mainnet Merge Announcement
https://github.com/ethereum/annotated-spec/blob/master/phase...
Here we have slashing fields in the block body where you insert your proofs of slashable offense. There are functions with a “slash” in the name that describes precise state transition.
The hard part of slashing is finding these proofs because you have to do more work than necessary to detect slashing and produce proofs - that’s what this software does. It’s more expensive to run a slasher but you need only one and it does not matter who runs it, anyone can run it. The link that you sent says that this slasher broadcasts proofs by default - that way anyone can include it.
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Explaining Ethereum's consensus mechanism after The Merge
According to Eth docs:
> One validator is randomly selected to be a block proposer in every slot. This validator is responsible for creating a new block and sending it out to other nodes on the network. Also in every slot, a committee of validators is randomly chosen, whose votes are used to determine the validity of the block being proposed.
The annotated code for this can be found in [2].
[1] https://github.com/ethereum/annotated-spec/blob/master/phase...
[2] https://notes.ethereum.org/@vbuterin/Sys3GLJbD#Misc
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Daily staking income was irregularly high, anyone knows why?
Here's some more info on Sync committees if you are interested. https://github.com/ethereum/annotated-spec/blob/master/altair/sync-protocol.md
- Daily General Discussion - February 20, 2022
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My First Impressions of Web3
The crux of the article is that the front-ends are all routing calls through centralized APIs to get their message included on the blockchain. Infura and Alchemy don't do much. They just pass a JSON-RPC message to an Ethereum node running on their servers. There is some additional indexing services they provide, but there are many open, decentralized alternatives for that such as TheGraph Protocol. And it's not unfeasible for an application to run its own Postgres instance to index data from the ETH blockchain.
As for full-fat clients on normal mobile devices, the main issue is the data requirements. Running a full node can take hundreds of gigabytes. It is possible on light hardware. People are running Beacon chain nodes on Raspberry Pis. But you do need the storage and that tends to be scarce on mobile.
Meanwhile, the Ethereum core devs are aware of this issue and are actively working towards it. They shipped the Altair hard fork this year that has adds sync committees which make it possible to do without needing the whole chain history (using merkle trees): https://github.com/ethereum/annotated-spec/blob/master/altai...
The light client to follow from those improvements is forthcoming:
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ETH2.0 withdrawal roadmap post merge
It's not about validators going offline, it's about the validator set changing. To quote the annotated specs
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Proof of stake is a scam and the people promoting it are scammers
Even a relatively light reading of the Annotated Spec[1] for Eth2 and/or the Eth Org's Proof of Stake FAQs[2] suggests the designers (and independent implementer-teams who gave feedback to designers... lather, rinse, repeat) understand it's important to consider the overall system "outside of the comfort zone".
[1] https://github.com/ethereum/annotated-spec/blob/master/phase...
[2] https://eth.wiki/en/concepts/proof-of-stake-faqs
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Help understanding staking factors
Alpha leak: I am currently finishing up a full revision of my annotated specification for Altair, and plan to get it published in a couple of weeks. Meanwhile Vitalik's annotated spec has some info on how base rewards work under Altair.
What are some alternatives?
l2-fees
ethmerge.com-content - Markdown formatted content for the ethmerge.com website.
ethereum-org-website - Ethereum.org is a primary online resource for the Ethereum community.
consensus-specs - Ethereum Proof-of-Stake Consensus Specifications
reach-lang - Reach: The Safest and Smartest DApp Programming Language
pm - Project Management: Meeting notes and agenda items
eth-gasnow-extention - GasNow extension for browser
ens - Implementations for ENS core functionality: The registry, registrars, and public resolvers.
l2beat - L2BEAT is an analytics and research website about Ethereum layer two (L2) scaling solutions.
EIPs - The Ethereum Improvement Proposal repository
web3j - Lightweight Java and Android library for integration with Ethereum clients
beigepaper - Rewrite of the Yellowpaper in non-Yellowpaper syntax.