ethereum-burn-stats VS clientdiversity-org

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.

Alessandro said it'd be a few days before he can get me a data endpoint, but once that happens I'll have clientdiversity.org updated in a day or 2

Ethereum is the most decentralized transaction ledger in the world, with thousands of nodes distributed across the world, and more client diversity than any other blockchain that I'm aware of:

https://clientdiversity.org/

The move to Proof of Stake has also made solo validation accessible to parties other than large pools.

there are guides on https://clientdiversity.org/

Large number of nodes does not equal decentralization. In Ethereum, like all other networks/countries, power tends to consolidate. All the consensus power is consolidated to 1-2 entities.link Hedera is already far more decentralized.

Apparently that’s the case, yes: https://clientdiversity.org/ though the source says „data might not be 100% accurate“, but I guess it’s sure geth dominance is down.

Execution clients only run GETH. Client diversity isn’t even great per eth foundation: https://clientdiversity.org

10+ separate companies implement the protocol in 10 completely different independent code bases https://clientdiversity.org/

As I said this is the second time I did this "report" and asked for better sources the first time as well. In the end I did my best to find reliable sources, but even back then I really wasn't sure if these numbers are correct. And if you look at https://clientdiversity.org/ there are even two data sources you can choose that really differ... so +1 to the irony of our industry...