ethereum-burn-stats
l2beat
Our great sponsors
ethereum-burn-stats | l2beat | |
---|---|---|
344 | 628 | |
189 | 457 | |
- | 5.9% | |
0.0 | 9.9 | |
over 1 year ago | about 18 hours ago | |
TypeScript | TypeScript | |
MIT License | MIT License |
Stars - the number of stars that a project has on GitHub. Growth - month over month growth in stars.
Activity is a relative number indicating how actively a project is being developed. Recent commits have higher weight than older ones.
For example, an activity of 9.0 indicates that a project is amongst the top 10% of the most actively developed projects that we are tracking.
ethereum-burn-stats
- Daily General Discussion - June 28, 2023
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[AMA] We are EF Research (Pt. 9: 11 January, 2023)
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!
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Shopify integrates Avalanche NFTs for millions of active merchants
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%.
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A court in China jails man for 10 years after stealing 384 ETH
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.
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Daily General Discussion - September 15, 2022
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.
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How Are You Guys Feeling About the merge?
WatchTheBurn shows a total of 3,099,476 ETH since eip1559
- Daily General Discussion - August 31, 2022
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Daily General Discussion - August 29, 2022
https://watchtheburn.com/ is closing down?
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What’s the estimate on the block reward if you propose a block after the merge?
look at the tips column of this website https://watchtheburn.com/ to see what miners are earning now.
- Daily General Discussion - August 11, 2022
l2beat
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Spot Bitcoin ETF receives official approval from the SEC
A real layer 2 would look more like something built on Ethereum (can see all its L2s at https://l2beat.com).
Essentially it's a separate network that every few minutes takes every transaction and compresses it into a data blob that it saves on Ethereum along with a proof that the computation was done correctly. The Ethereum L1 nodes then only need to verify the proof instead of re-executing all transactions that happened on the L2.
With this design users can go straight from an exchange like Coinbase onto the L2 and never need to use Ethereum, and fees are 10x cheaper because of the data compression. Fees will soon be 100x cheaper as Ethereum is adding extra space just for these L2 data blobs that is much cheaper than normal Ethereum data space.
Unfortunately it can't be done on Bitcoin right now because Bitcoin nodes don't have Turing complete scripting and so can't verify the proof that an L2 posts to Bitcoin.
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Ask HN: Who is hiring? (December 2023)
We are running & maintaining the site (https://l2beat.com). Our work is to look on the current Layer 2 deployments on Ethereum & show risks and statistics to the end user. Very interesting thing is that we are a public goods company trying to stay as objective as possible in the industry full of subjectivity. What I mostly like in this job is that I am a part of the project shaping how it looks, not only mindlessly taking someones orders.
Candidate:
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Should Ethereum be okay with enshrining more things in the protocol?
Ecosystem fragmentation is not necessarily a bad thing. It leads to rapid development through competition. Different L2s are competing against each other to provide the best service and that has lead to a cambrian explosion of solutions. It's also a very effective way to explore the solution space, I'm sure many will disappear, others will get eaten, and at some point there will be consolidation. But all this seems like a good approach early on when tackling complex problems for which the ideal trade-offs are not entirely obvious. Explore as much of the solution space as possible and trim later on.
A perhaps more pernicious problem is liquidity fragmentation. Moving assets between L2s is a tedious friction that leads to fragmentation of liquidity. In that respect, zero-knowledge rollups present a big advantage as you can share liquidity between them as long as they share some zk-circuits that allow to prove statements to both chains. All this is being very actively worked on. And the technology behind it is short of fascinating. The typical HN audience would have a huge hard-on for it, if they didn't have such a strong preconception against crypto-anything.
If anyone is curious to learn more about L2s a good starting point is here: https://l2beat.com/
And if you want to see Ethereum scaling progress you can check it here: https://l2beat.com/scaling/activity
The next major upgrade to the protocol, slated for late this year or early 2024 (date is not finalized yet), will focus on scalability by making L2 activity veeery cheap.
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"Exploring Layer 2 Solutions: Seeking insights into the current landscape and optimal choices for developers and entrepreneurs."
These two links will give you a lot of the info you need to compare L2s: https://l2beat.com/ and https://www.growthepie.xyz/ - enjoy.
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Ethereum rollups have hit the milestone of $10bn of assets and 2 million weekly active users! Scaling and adoption is finally here.
Source: https://l2beat.com
- Polygon (MATIC) Shakes Up Leadership: Potential Game Changer Incoming
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Daily General Discussion - June 7, 2023
Thanks! l2beat.com is the best.
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Are Layer 2s as secure as Layer 1?
In addition to what others said, I always find https://l2beat.com useful to see a summary of the security assumptions behind the various L2s. Currently, all L2 need to be trusted to some extent as they are still quite in development.
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Ethereum liquid staking protocol Rocket Pool deploys on zkSync Era
Exponential.fi has good summaries and links to the projects. And https://l2beat.com is also great for judging L2s.
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Next big Eth upgrade
Take a careful look at https://l2beat.com
What are some alternatives?
eth-burn - Website that showcases EIP-1559 Burn [Moved to: https://github.com/mohamedmansour/ethereum-burn-stats]
l2-fees
eth-gasnow-extention - GasNow extension for browser
awesome-starknet - A curated list of awesome StarkNet resources, libraries, tools and more
metamask-extension - :globe_with_meridians: :electric_plug: The MetaMask browser extension enables browsing Ethereum blockchain enabled websites
crypto-fees - Website for comparing total daily fees of various blockchain protocols.
go-ethereum - Go implementation of the Ethereum protocol
opensea-js - TypeScript SDK for the OpenSea marketplace
EIPs - The Ethereum Improvement Proposal repository
polygon-edge - A Framework for Building Ethereum-compatible Blockchain Networks
erc721 - The reference implementation of the ERC-721 non-fungible token standard.
consensus-specs - Ethereum Proof-of-Stake Consensus Specifications