/what-is-ether page #16389
/what-is-ether page #16389
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corwintines
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wackerow
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Thanks @corwintines! Left a few code-related comments... @konopkja also left a handful of content-related comments, but overall looking good 🚀
src/intl/en/page-what-is-ether.json
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| "page-what-is-ether-l2s-description-4": "L2 <strong>transfers can cost as little as $0.04</strong>, bringing Ethereum to millions more users through integrations with companies like Robinhood, PayPal, and Shopify.", | ||
| "page-what-is-ether-what-is-the-eth-supply": "What is the ETH supply?", | ||
| "page-what-is-ether-what-is-the-eth-supply-description-1": "Unlike Bitcoin's fixed 21 million cap, ETH has dynamic supply mechanics:", | ||
| "page-what-is-ether-what-is-the-eth-supply-description-2": "New ETH is issued to reward network validators", |
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Would be nice to adjust wording to convey that this is rate-limited and based on amount of ETH staked.
Perhaps:
New ETH is issued to reward network validators at a limited rate calculated by the protocol
May be too much for here though
src/intl/en/page-what-is-ether.json
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| "page-what-is-ether-breakdown-description-3": "<strong>Smart contracts</strong>: Significant amounts in smart contracts including DeFi protocols", | ||
| "page-what-is-ether-breakdown-description-4": "<strong>Ethereum Foundation</strong>: Holds <ef>less than 0.3%</ef> of supply (down from 9% in 2014)", | ||
| "page-what-is-ether-who-holds-most": "Who holds the most?", | ||
| "page-what-is-ether-who-holds-most-description-1": "The largest address is the Beacon Deposit contract, representing millions of stakers rather than a single entity.", |
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Hm, this is fuzzy... ETH in the deposit contract does not count to total supply... it's a one-way bridge... deposits are effectively burned, and the beacon chain mints an equivalent amount in exchange, designates it to a specific account, and takes over accounting for this ETH. This is not "owned" by the contract or any single entity, it's re-allocated amongst individual validator accounts.
That contract is up-only and could theoretically have unlimited ETH if folks continued to deposit to a validator, withdrawal it back to another account, and re-deposit it. Same ETH, but that contract will continue to inflate.
Would not cite this here.
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hmm @mnelsonBT if we wanted to change this small section "Who holds the most" , what would you do with it?
Co-authored-by: wackerow <[email protected]>
Co-authored-by: wackerow <[email protected]>
Co-authored-by: wackerow <[email protected]>
Co-authored-by: wackerow <[email protected]>
Co-authored-by: wackerow <[email protected]>
Co-authored-by: wackerow <[email protected]>
src/intl/en/page-what-is-ether.json
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| "page-what-is-ether-how-much-does-it-cost-to-send-eth-description-1": "Ethereum transactions require transaction <strong>fees paid in ETH</strong> and calculated in a unit called gas. Fees fluctuate based on network demand, with off-peak periods offering lower costs.", | ||
| "page-what-is-ether-l2s": "Enter L2s: Scaling Ethereum", | ||
| "page-what-is-ether-l2s-description-1": "As Ethereum's popularity grows, keeping transaction fees low becomes challenging. Layer 2 (L2) networks address this issue.", | ||
| "page-what-is-ether-l2s-description-2": "L2s like <optimism>Optimism</optimism> and <arbitrum>Arbitrum</arbitrum> offer <strong>5-10x cheaper fees</strong> while inheriting Ethereum's security. They process transactions off-chain and post summaries to Ethereum.", |
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| "page-what-is-ether-l2s-description-2": "L2s like <optimism>Optimism</optimism> and <arbitrum>Arbitrum</arbitrum> offer <strong>5-10x cheaper fees</strong> while inheriting Ethereum's security. They process transactions off-chain and post summaries to Ethereum.", | |
| "page-what-is-ether-l2s-description-2": "L2s like <optimism>Optimism</optimism> and <arbitrum>Arbitrum</arbitrum> offer <strong>10-100x cheaper fees</strong> while inheriting Ethereum's security. They process transactions off-chain and post data to Ethereum.", |
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5-10x is way under the reality post-4844... I think the actual here with current network dynamics is 50-100x cheaper, but using 10 provides more flexibility if that changes in the future
src/intl/en/page-what-is-ether.json
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| "page-what-is-ether-breakdown-description-3": "<strong>Smart contracts</strong>: Significant amounts in smart contracts including DeFi protocols", | ||
| "page-what-is-ether-breakdown-description-4": "<strong>Ethereum Foundation</strong>: Holds <ef>less than 0.3%</ef> of supply (down from 9% in 2014)", | ||
| "page-what-is-ether-who-holds-most": "Who holds the most?", | ||
| "page-what-is-ether-who-holds-most-description-1": "The largest address is the Beacon Deposit contract, representing millions of stakers rather than a single entity.", |
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Here is a specific edit to this section:
| "page-what-is-ether-who-holds-most-description-1": "The largest address is the Beacon Deposit contract, representing millions of stakers rather than a single entity.", | |
| "page-what-is-ether-who-holds-most-description-1": "The wallet address with the highest ether balance is the [Beacon Deposit contract](https://ethereum.org/glossary/#deposit-contract), but it doesn't represent a pool of 'held' funds. It's the entry point for staking, so its ETH balance represents the total amount of ETH that has been staked by millions of individuals to help secure the Ethereum network.", |
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That said @konopkja - I find this section quite odd, and I don't understand what value it would provide to any person reading this page.
I'm guessing the reason that this section was added was to capitalize on the "who holds the most ETH" search query (not to provide direct value to the reader).
Even in that light, there are some issues:
- As discussed RE: the wallet page updates, a wallet "holding" an asset doesn't translate outside of English
- The h2 used here is ""Who holds the most?"," which doesn't include the critical ETH/ether/Ethereum keyword
- I don't have access to the original SEO brief in Notion, so I can't see how they ranked the keywords for this page. But I just quickly checked "who holds the most ETH" in the free keyword checker tools on ahrefs + semrush and they both showed 0 data/results; for "who holds the most ethereum" semrush shows a global monthly search volume of 20 searches, and ahrefs shows 0 data/results.
- Doesn't make sense to me that the title is "who holds the most ETH" and then the description is "this wallet, but it doesn't actually hold any ETH"
- In terms of capitalizing on the search term, I think this top resource is much more interesting and useful: https://info.arkm.com/research/who-owns-the-most-ethereum-2025-vitalik-bitmine I am guessing we wouldn't want to publish individual names on this site, though?
Overall, I would strongly recommend we remove this section. I question both its value for SEO + its value for readers. But I would defer to you both if there's any additional context missing here.
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I'm guessing the reason that this section was added was to capitalize on the "who holds the most ETH" search query
-> yes
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i am fine removing it then, but i think this
"strategicethreserve.xyz hosts a list of major ETH holders that's updated regularly."
may be useful link, what do you think?
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Ok, thank you for clarifying!
My apologies @konopkja - this reply from you made me realize that the suggestions/comments on this PR don't show up in order here like they do when reviewing the main file "src/intl/en/page-what-is-ether.json". I'll try to group these comments in a more orderly fashion moving forward.
Agreed, I think linking out to a resource that has a more full list is more useful!
I'm fine with keeping the strategiceth link, but I also suggested an alternative link we could use in this comment: #16389 (comment)
I defer to you on which link you think would be best! Overall I agree with keeping that bit on the page, though.
Co-authored-by: wackerow <[email protected]>
Co-authored-by: wackerow <[email protected]>
Co-authored-by: wackerow <[email protected]>
Co-authored-by: mnelsonBT <[email protected]>
Co-authored-by: mnelsonBT <[email protected]>
Co-authored-by: mnelsonBT <[email protected]>
Co-authored-by: mnelsonBT <[email protected]>
Co-authored-by: mnelsonBT <[email protected]>
Co-authored-by: mnelsonBT <[email protected]>
Co-authored-by: mnelsonBT <[email protected]>
Co-authored-by: mnelsonBT <[email protected]>
Co-authored-by: Melissa Nelson <[email protected]>
…org-website into what-is-ether
Creates new /what-is-ether page
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