nchain.poa

Deploy IBFT Ethereum Private Network with Hyperledger Besu, Ethstats, Ethernal, Blockscout to AWS Cloud via Terraform

Basic transfer native coin (ETH) is a fixed cost of 21,000 gas
An ETH transfer transaction typically uses about 109 bytes of data. Here’s a breakdown of how these bytes are used:
1. Nonce (8 bytes): Unique identifier for the transaction from a specific sender to prevent double-spending and to keep transactions in order.
2. Gas Price (16 bytes): The amount of ETH the sender is willing to pay per unit of gas.
3. Gas Limit (8 bytes): The maximum amount of gas the sender allows for this transaction (for an ETH transfer, this is set to 21,000).
4. To Address (20 bytes): The recipient’s address.
5. Value (32 bytes): The amount of ETH to transfer, stored as a 256-bit value.
6. Data (0 bytes): Since an ETH transfer is a simple transaction, it does not include additional data.
7. V, R, S (65 bytes total): The cryptographic signature fields used to validate the transaction, which include recovery id (V), and the signature (R and S values).
Assume 1 tx in a block ⇒ Block size:
- Block Header: 500 - 600 bytes
- Transaction Data: 109 bytes for basic transfer
- Transaction Receipt: 80 - 100 bytes for basic transfer
- Total: 600+109+100=809 bytes ~ 1KB ceil rounded
Estimation for 10 years:
- Total blocks in 10 years (Block time = 1 second): 10 * 365 * 24 * 60 * 60 = 315,360,000 blocks
- Minimum total size = 1 KB * 315360000 = 315.4 GB

Requirements

AWS account. Increase the limit of EC2 instances to 32 at http://aws.amazon.com/contact-us/ec2-request
Domain: Namecheap -> Point DNS Nameservers to AWS Route 53. Ex: nhancv.com
Terraform account

Network Core & Stats monitor: network_core/README.md
Blockchain Explorer with Ethernal and Blockscout: network_tools/README.md
AWS cost estimation: ~$32/day for full services and ~$21/day without Ethernal and Ethstats