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sassal.eth/acc 🦇🔊 Profile picture
@sassal0x
Nov 25 • 2 tweets • 1 min read • Read on X
The current blob target on Ethereum is 6 blobs per block and the network is almost at capacity.

Fusaka, which goes live on December 3rd, will enable much greater scalability of blobs with PeerDAS.

Though blob increases are being rolled out gradually as not to overload the network with the first 'Blob Parameter Only (BPO)' fork going live on December 9th (blob target increase from 6 to 10) and the second one going live on January 7th (blob target increase from 10 to 14).

Ethereum is scaling at both layer 1 and layer 2 with more BPO forks expected in 2026 and a 3x'ing of the L1 gas limit (from 60 million to 180 million).Image
Dashboard source: dune.com/hildobby/blobs

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More from @sassal0x

sassal.eth/acc 🦇🔊 Profile picture
Jan 24
1/ Ethereum's next major upgrade, Pectra, is tentatively scheduled to go live in mid-March!

This will be Ethereum's largest upgrade in history (as measured by number of EIPs/features included).

Here's a breakdown of what's coming in Pectra 🧵👇
2/ EIP-7702: Set EOA account code

This is probably the most anticipated EIP of the Pectra upgrade as it brings with it major changes to Ethereum user transaction flow via account abstraction.

Transaction bundling, gas sponsorship, asset recovery and more - it's all coming with EIP-7702!

Say goodbye to things like the approve>swap flow - now it can all happen in a single transaction!
3/ EIP-7251: Increase the MAX_EFFECTIVE_BALANCE

Currently Ethereum validators are limited to earning rewards on a maximum of 32 ETH per validator. Once EIP-7251 goes live, the maximum will be increased to 2048 ETH per validator.

This means that staking rewards can be automatically added to a validator no matter how small (no need to wait to earn 32 ETH to spin up another validator to earn rewards) and many validators controlled by a single node operator can be consolidated down which takes a huge load off of the network.
Read 10 tweets
sassal.eth/acc 🦇🔊 Profile picture
Dec 17, 2023
1/ A thread on the state of Ethereum and its L2 ecosystem.

Contrary to popular belief, the Ethereum ecosystem is growing rapidly with L2's leading the way.

Do note that none of these metrics are perfect and none should be taken in isolation, but together they paint a picture.
2/ Ethereum mainnet + layer 2 daily active addresses at all time highs. Image
3/ Ethereum mainnet + layer 2 transaction count at all time highs. Image
Read 10 tweets
sassal.eth/acc 🦇🔊 Profile picture
Jan 19, 2023
1/ ETH can be deflationary while still earning stakers 7.5% APR because that 7.5% isn't ETH's yearly inflation rate.

Let me explain.

The 7.5% APR consists of:

- Protocol issuance: 4.1%
- Tips (aka unburned fees): 2.3%
- MEV rewards: 1.1%

All of these %'s are variable.
2/ When the Ethereum network issues new ETH via protocol rewards, this issuance is only paid to the portion of ETH that is staked.

16mil ETH is staked out of total supply of 120.5mil which means only 13.2% of the total ETH supply receives the staking rewards.
3/ The current Ethereum network inflation is ~0.55% based on 657k newly issued ETH per year.

The APR paid out via protocol issuance is ~7.5x that amount (120.5mil / 16mil ETH staked = ~7.5).

0.55% * 7.5 = ~4.1%

Add on 2.3% of tips and 1.1% of MEV rewards, and you get to 7.5%.
Read 5 tweets
sassal.eth/acc 🦇🔊 Profile picture
Jan 5, 2023
1/ I see this rhetoric a lot but there's a lot of nuance here.

None of the other PoS networks work like Ethereum PoS - almost all of them are some flavor of DPoS - which has soft delegation (rather than "hard delegation" like Ethereum).
2/ Expanding on this: When you delegate your tokens in a DPoS network, a new validator is not spun up - you are just adding stake to an existing validator (that may or may not have a cap).

This is why you typically see DPoS networks with a very small active validator set.
3/ In Ethereum, you can "delegate" your stake to an entity like Coinbase, but for that ETH to actually be "at stake", it needs to be tied to a validator which requires a minimum of 32 ETH to be active.

This isn't the case for DPoS networks.
Read 6 tweets
sassal.eth/acc 🦇🔊 Profile picture
Mar 5, 2022
1/ I have achieved almost everything that I set out to achieve in life and I'm not even 30 yet

This isn't a brag, this is a warning to young people just getting started in crypto: you don't really want to "make it" - what you want to do is turn making it into a perpetual process
2/ Many of you will be in similar situations to what I was in a few years ago: you have a plan to accrue enough wealth so that you can live comfortably and do what you love

This is an awesome goal to have but take it from me: you don't want to actually achieve it
3/ Even though I've "made it" and still spend my days engrossed in the Ethereum ecosystem, it hits different now - I'm doing it for mostly altruistic reasons - not for any monetary gain

This has been my goal since basically day 1 - but it's not how I imagined it would feel.
Read 9 tweets
sassal.eth/acc 🦇🔊 Profile picture
Sep 4, 2021
The first dapp went live on Cardano today and ADA fanboys are finally discovering that you can't peer review your way out of fundamental issues.
Honestly not sure if /r/Cardano is meant to be a comedy sub or not
1000 IQ discourse
Read 5 tweets

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