seongwan.eth : : FP

Empirical Analysis of the EIP-4844’s Impact on Ethereum🧵 by @seongwan_eth @1004YUKICHAN We analyzed EIP-4844 in terms of consensus security, Ethereum usage, rollup transactions, and the blob gas fee mechanism. Our paper can be found at arxiv.org/abs/2405.03183 #Ethereum

Bids.pics now shows the proposer as well. Watching the MEV-Boost market in real time is fascinating: every 12 seconds, builders compete to have their block chosen, continuously outbidding one another. The result is a live view into price discovery for block space as it happens.

Today's a good day to remember why we're here. We're building the future of finance—internet finance. Unstoppable global free trade, not trade wars. Credible neutrality, not entrenched interests. Permissionless innovation, not bureaucracy. Undebasable money, not money printers. Sovereign individuals, not intermediaries. A multi-decade vision, not 4-year cycles. The internet, not imperial superpowers. Positive-sum games, not rent-seeking. Peaceful revolutions, not warmongers. Cryptography, not aircraft carriers. Network effects, not isolationism. Fairness by design, not cronyism. Open competition, not oligopoly. Network states, not nationalism. Frictionless markets, not tariffs. Innovators, not lobbyists. Builders, not lawyers. Devs, not politicians. Internet finance is coming. It's built different. Believe in something.

Lately I've felt pretty tired of the blockchain industry since there's not much new happening and everything still seems powered by speculation. This wonderful piece offers a fresh perspective on the long-term direction blockchain should take. Really enjoyed this great article!

I think this is what everyone is feeling and I disagree to an extend but nevertheless the situation is tricky. Currently Ethereum is making almost zero fees from both L1 and L2 transactions *because it chooses to*: If we were a company, we would put a reasonable price tag on transactions, and raise it when there is congestion. But instead, we currently charge very close to zero for transactions and DA when there is no congestion, and the result is there is almost zero fees. Looks bad when you want to evaluate Ether based on that! But here comes the more tricky part: In its current form, it may well be that Ethereum DA does not have much of a moat. It provides very little UX benefits, and only very abstract security benefits that will probably be very closely replicated by alt-DA. Therefore, the moat for DA is low and it's likely Ethereum will never charge significant fees over a long time period. So what should be the plan? My best guess is: - scale L1 to make sure that integration with Ethereum remains attractive - scale DA to make sure that we lower the incentives for alt-DA (this doesn't have to mean lower fees. We can just charge a fee!) - work on shorter block times, single-slot L2 interop etc. to maximize value of Ethereum DA

amazing news. ethereum is about to lower the storage burden of nodes by 80%, via expiring history this will switch from the dark blue line to the light blue line in this chart this will free up many years of runway for state growth

36M gas block just landed. GG we did it 🚀

💡 The 2025 Academic Grants Round is live! 💡 $2M in funding is available to support cutting-edge research in domains like protocol design, client engineering, humanities, and more. 📝 Explore our wishlist and submit your proposals by March 16! esp.ethereum.foundation/academic-grants

@barnabemonnot @ralexstokes Congratulations, @barnabemonnot , and best of luck! I truly appreciate your helpfulness and openness since the moment I first got to know you. I look forward to seeing more research in the near future!

Excited to announce that @ralexstokes and I are moving to the position of EF Research co-leads! With this new role, I hope to accelerate pragmatic research for Ethereum and find more ways for us to involve the ecosystem in our many exciting projects. What is EF Research? Starting with a single original "Research team" at the Ethereum Foundation @ethereumfndn, a group of 5 teams has come to be known as "EF Research". Today, these 5 teams are: - Applied Research Group (ARG): Emphasis on getting research ideas into production, data engineering (the famous dotpics! dotpics.info) and specifications, with a new bend towards applied cryptography - Consensus R&D: The root from which more teams appeared, focusing among (many) other things on consensus, specifications of PoS Ethereum, and protocol-driven research - Cryptography: A team involved in delivering cutting-edge, secure cryptography for use by the protocol. See also crypto.ethereum.org - Protocol Security: Wide range of expertise to keep Ethereum safe, from code reviews to advanced tooling, simulations and bug bounty programs. See also github.com/ethereum/proto… - Robust Incentives Group (RIG): A team concerned with the mechanisms and economics powering the Ethereum protocol. See also rig.ethereum.org What changes now? - Our aim with Alex is to ensure that EFR is always at its best, internally and externally. Alex and I are starting a new team named "ResearchOps", focused on supporting the incredible work done by members of EFR, and more broadly on the delivery of research for Ethereum and its community. - I am moving away from my role as team lead of RIG. I am so proud of what our team has accomplished, and RIG is not done yet. To continue this work, @casparschwa is taking over as team lead, I’m excited to see where he takes the group and its members! What's next? For me the direction is clear: Build a world computer for all to use. This means a censorship-resistant L1 at the efficiency frontier, and scale for L2s to onboard as many economies as we can imagine. Some big ticket items are of course SSF, DAS, EL R&D, FOCIL, ZK, PQ… you know the list :) Research is part of this process, and researching in public for Ethereum and its community is close to my heart. We’ll be experimenting with different ideas, and we'll also keep our ear to the ground. My DMs are always open to chat, and feel free to AMA in the replies here.

To Pump the Gas or Not: Analyzing The Ethereum Gas Limit Debate—the latest report from @2077Research examines the trade-offs between raising Ethereum's gas limits and maintaining network sustainability. What is the gas limit and why does it matter? Let’s break it down. 🧵👇

I wrote an easily readable article about EIP-7762 and EIP-7691, which aim to improve the blob fee market and increase the number of blobs, respectively. As demand for blobs continues to rise, these upgrades could have a greater impact on Ethereum. #what-is-data-availabilityda" target="_blank" rel="nofollow noopener">research.2077.xyz/eip-7762-eip-7…

Our work with @1004YUKICHAN has won the first prize in the Ethereum Foundation's Data Challenge! Very glad to have had the opportunity to contribute to the Ethereum ecosystem. Huge thanks to @EF_ESP @1004YUKICHAN .

@StackDigest @1004YUKICHAN Thanks!! 🙇🏻‍♂️

🎉 Super congrats for @seongwan_eth @1004YUKICHAN

Totally agree that the journal system is deeply flawed. Feedbacks are insanely slow, and mostly not helpful. Papers that suggest some new architecture never mentions about their limitations. I feel very frustrated there are so few publications that I am compelled to submit to, or refer to, or learn from.

I'm strongly against doing anything that mirrors the academic landscape with respect to publishing. It's entirely broken and having quick forum posts instead of lengthy papers that could actually be summarized on 1 page is the best we have here, digestiable info, as short as possible, no matter if anon or some prof. In academics, I once waited >1 year for the anon reviewer to respond. For ethresearch, I send the post in a few tg chats and publish at max 7 days later, no matter if there are reviews or not. I love it. Neither on ethresearch nor in academia I'd expect ppl to reproduce my analyses, so the feedback I expect is more about phrasing things differently rather than "please expand on section ... and consider citing paper XY" Agree that the UX sucks and could be massively improved and maybe we can learn something from academia there (i like the h-index for ethresearch posts idea).

Thinking on starting a "peer reviewed open source Blockchain research journal" I'm pretty sure we can get very good referees and a couple of good starting issues. Latex sources only, no prints. Question is how to get a good editorial board. Yay or Nay? 1/3

Timing games feat. Economies of Scale: "An entity with 30% [validator] market share can delay 0.8s longer than a 5% entity." Full analysis published here: ethresear.ch/t/on-proposer-…

The Road to PBS: MEV-Boost++, Optimistic Relays, and TEE-Boost Removing centralized relays is crucial to achieving enshrined PBS. 🧵: But how can relays be removed? Article Link👇 mirror.xyz/100y.eth/_yUCT…

@Steve_4P @2077Collective @nero_eth @markodayan @FourPillarsFP Forgive my laziness..😓

@seongwan_eth @2077Collective @nero_eth @markodayan when publication on @FourPillarsFP bruh?

An easy but detailed introduction to EIP-7623 (Increase calldata cost) I wrote my first article for @2077Collective. Thanks to @nero_eth @markodayan for valuable feedback and resources! For a deeper dive into EIP-7623, you can refer to this link: research.2077.xyz/research/eips-…

Fantastic job by @seongwan_eth in writing this. He was also a co-author of a paper that is by far the best analysis of EIP-4844 to date and will definitely be instrumental as a reference in dictating how we approach scaling the gas limit of Ethereum