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Why Blast Is Shutting Down: The Economics of an L2 That Couldn’t Pay for Itself
Blast announced on Oct 2, 2026 that it is winding down, with TVL down 98% and revenue near zero. What the shutdown says about L2 economics — and the Oct 26 withdrawal deadline. -
What Is a Smart Contract? It Is a Program, Not a Contract.
A smart contract is a program that holds and moves value under rules anyone can read, and it is not a contract: it has no remedies and it cannot be breached. Reading the two side by side on six questions — who writes the terms, what ambiguity produces, what breach means, who resolves a dispute, how terms change and what happens after a mistake — explains both the enthusiasm and the failures.- 2
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What Is Gas on Ethereum? Two Numbers Multiplied, and One of Them Is Burned.
Gas is a unit of work, not a price. A fee is gas used multiplied by a price per unit, and that price has two parts: a base fee the protocol calculates from how full the previous block was and then destroys, and a priority fee paid to whoever builds the block. Data now has a market of its own on top of that.- 6
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What Ethereum Actually Is: A Shared Computer, a Meter, and a Burned Bill
One public node, one long look: a base fee of 0.5 gwei that is destroyed, a tip of one wei, twelve-second blocks that never slip, and a blob ceiling raised to 21 by a schedule sitting in the config. Ethereum explained from the bill upward.- 6
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