eth2.0-specs VS ethereum-burn-stats

Eth2 beacon blocks get a "graffiti" data field, "to be used in wonderful and unpredictable ways".

Eth2.0 spec v0.6.0 "Spring Cleaning" is out.

Ethereum developers propose an increase in validator rewards for Eth 2.0 .

Eth2 Phase 0 spec v0.3 is out, named "Let There Be Liquidity", which includes a number of small feature additions/modifications, clarifications, and minor bug fixes.

Justin Drake adds a mechanism to the Eth2.0 spec for validators to transfer their balance on the beacon chain (to be removed after phase 1).

The Eth2 spec v0.2 gets out, containing a number of small feature additions/modifications, helpers, clarifications, minor bug fixes, and the introduction of a point-wise shuffle.

And finally, hard-core specs here: https://github.com/ethereum/eth2.0-specs

The Ethereum 2.0 spec v0.12 "Quarantine Haircut" uses IETF's hash-to-curve draft for BLS, and is the closest version to the final Eth 2.0. release.

"offence is identified and protocol-level penalties are enacted by a “whistleblower.” The whistleblower collects evidence of the offence and commits proof(s) to a block proposer for inclusion on-chain. After Phase 0 the whistleblower will earn the majority of those rewards (seven-eighths), but in Phase 0 the block proposer earns the full reward."

Eth2 beacon blocks get a "graffiti" data field, "to be used in wonderful and unpredictable ways".

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.