What ethereum block are we at
Build applications on Ethereum for decentralized finance or digital assets like On September 15th, UTC, at block , The Merge was. Block explorers are your portal to Ethereum's data. You can use them to see real-time data on blocks, transactions, miners, accounts, and other on-chain. At 63%, the number of blocks in compliance with U.S. sanctions on Ethereum continues to grow, adding to concerns over censorship. MEETING POINT BETWEEN THREE PLACES
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If the MEV organization truly cares about Ethereum, it might think about ceasing operations so that developers can put a long-term fix in place. This is understandable given that validators can obtain significantly larger yields by delegating their block-building responsibilities to MEV-Boost relays. The issue is that the biggest MEV-Boost relays, particularly Flashbots, have made it clear they would not include transactions pertaining to Tornado Cash in the blocks they produce.
Eric Wall, a supporter of bitcoin, has been a strong voice against the restrictions. Wall made the case that there are several approaches to address the censorship issue, such by creating Proposer Builder Separation PBS infrastructure, Inclusion Lists, or Partial Block Auctions, in a presentation he presented at Devcon yesterday. Unfortunately, these ideas still need to be researched, and their implementation could take months or even years. Even though the U. Treasury has not specifically ordered U.
Below are the graphs representing the price of Bitcoin and the amount of Bitcoin transactions per day. In the Bitcoin price is having a peak but is not reflected on the amount of transactions. This may be explained by people making big transactions rather than mutliple small ones, or that most of the users are holding their Bitcoin.
Of course, the patterns of the graphs are really similar with each other and with the transactions per day. What is interesting here is to watch the range of values. In march we can see that Ethereum generates around 15 transactions per second. This is approximately three times higher than Bitcoin which is around 4. On the second graph, we see that each Ethereum block contains around transactions in The value was around transactions per block before , meaning the capacity doubled.
Average Transaction size We saw in a previous section that the average block size per day is increasing since Additionally, we saw that the amount of transactions per block doubled from to By linking the 2 observations together we can easily have the picture. The amount of transactions per block doubled so it means the size of the block also doubled. This assumption is true, if the average size per transaction is constant, otherwise the block size growth would be much higher.
The graph clearly shows that the average size of a transaction is constant. The main factor playing a role in the block size is the amount of transactions. Gas used per day As explained in the introduction to Ethereum article the gas is used internally in the Ethereum blockchain to charge every user wanting to do a transaction or a smart contract.
In , there are many complaints about the very high fees price to use the Ethereum network. Indeed, the amount of gas used is higher than ever, even during the peak. The amount of gas used per day also doubled here from to and seems to be reaching a plateau. There are many propositions aiming to reduce the fees of using Ethereum, so hopefully we will see the graph decreasing in a few months. In , the Ethereum network is spending around 80 billions gas per day.
The second graph shows the same data with an average window of days for each data point. In the second graph we can clearly see that the amount of gas used per transaction have a regular growth since Today in march , a transaction is using more than 65, gas.
We know the amount of transactions per day in March is 1. The computation gives: 1,, x The result confirms what we found in the previous part, giving around 80 billions gas used per day. What is driving the amount of gas up per day is mainly the amount of transactions even if the gas price still plays a role. Conclusion To sum up we can see that all of the Ethereum components transactions, blocks, gas are increasing over time.
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