Week in Ethereum News -The Latest Ethereum News and Upcoming Events This Week

2024-06-11, 04:02

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## Eth News and Links
**EOF** included in **Pectra upgrade**, largest upgrade ever planned (19 EIPs), likely targeting Q1 2025

### All core devs

[All core devs – execution (ACDE) # 189](https://ethereum-magicians.org/t/all-core-devs-execution-acdc-call-189/20186 "All core devs – execution (ACDE) # 189"):

**Pectra (Prague + Electra) upgrade:**

Prague scope finalized after 6 months (Electra still to be finalized)

**EOF** included in Pectra

[Nethermind](https://github.com/ethereum/pm/issues/1052#issuecomment-2152417008 "Nethermind"), [Besu](https://consensys.io/blog/besu-maintainers-on-the-pectra-fork "Besu"), [EthereumJS](https://notes.ethereum.org/C2xqg0pKRW2TL7WfFqka_Q "EthereumJS"), Reth ([EOF benefits](https://hackmd.io/aZurva_kR2GQdOgJfS7B6A "EOF benefits")) & Erigon support EOF before Verkle, Geth skeptical of upgrade size & priority of EOF

Discussed splitting Pectra, if EOF blocks Pectra move to separate upgrade

**EIP7702** included in Pectra, replaces EIP3074, iterate on revocability design

**Pectra-devnet-1**: will include interop/devnet-0 spec changes, add EIP7702 (revocability may change) but exclude EOF (work on static tests first)

**EIP158 state clearing**: EOA with EIP7702 could be empty but have storage, may need to remove EIP158 either with EIP7702 or Verkle

**EIP4444 history expiry**: client teams working on Portal network but have competing priorities

**ACD process improvements**: new EIPs to be reviewed async, EIP proposed for inclusion (PFI) status to be used in upgrade planning
### {1718078544160186} (Prague + Electra) upgrade
[Future of EOA/AA breakout # 4](https://ethereum-magicians.org/t/future-of-eoa-aa-breakout-room-4/20165 "Future of EOA/AA breakout # 4") (EIP7702):

Concerns around revocability, use optional nonce unless alternative found (max nonce & nonce manager non-starters), signing address vs code discussion & [wallet best practices](https://hackmd.io/rimeissner/eip7702-best-practices "wallet best practices")

Alex Stokes: [PeerDAS & raising blob count](https://hackmd.io/ralexstokes/rJhC_vkSR "PeerDAS & raising blob count"), proposal to decouple layers for setting blob count and consensus clients to have maximum blob count flag for local block building

### {1718078544516030} upgrade

[Verkle implementers call # 18:](https://ethereum-magicians.org/t/verkle-implementers-call-18/20226 "Verkle implementers call # 18:")

Conversion from Merkle state to Verkle took ~16 days, potential EIP158 issue with EIP7702, warming system contracts & gas cost updates to EIP4762

### Centralization watch: threatening the value of your ETH
**🚨 [Lido at 28.92%](https://dune.com/hildobby/eth2-staking "Lido at 28.92%"), still too close to [33.3% threshold](https://www.youtube.com/watch?v=Y0ddkSa1ZuI&t=1050s "33.3% threshold")**

Client diversity (via [clientdiversity.org](https://clientdiversity.org/#distribution "clientdiversity.org")):

Execution layer: Geth ~55% majority

Consensus layer: Prysm 38%

Any client bug over 33.3% could mean loss of finality

Better [geographic diversity is optimal](https://nodewatch.io/ "geographic diversity is optimal"), particularly outside of North America & Europe
### Layer 1
ePBS

[ePBS breakout # 2](https://hackmd.io/ttsao/epbs-breakout2 "ePBS breakout # 2"): Prysm only client team to have started implementation

Terence: [out-of-protocol timelines under ePBS](https://hackmd.io/ttsao/comp_epbs_timelines "out-of-protocol timelines under ePBS"), using MEV-Boost with ePBS is worst of both worlds

[Portal network summit](https://blog.ethportal.net/posts/2024-portal-prague "Portal network summit"): History network & Beacon network largely feature complete, State network initial phase targeting Devcon

[Gossipsub performance](https://ethresear.ch/t/gossipsub-network-dynamicity-through-grafts-and-prunes/19750 "Gossipsub performance"): network dynamicity through GRAFTs & PRUNEs
### Client Releases
Consensus layer:

Lodestar [v1.19.0](https://github.com/ChainSafe/lodestar/releases/tag/v1.19.0 "v1.19.0"): flood publish disabled by default, Nodejs v22 default and AMD64 & ARM64 binaries

Execution layer:

Erigon [v2.60.1](https://github.com/ledgerwatch/erigon/releases/tag/v2.60.1 "v2.60.1"): set tracer-observable value of a delegatecall to match parent value

Geth [v1.14.5](https://github.com/ethereum/go-ethereum/releases/tag/v1.14.5 "v1.14.5"): hotfix for peer discovery; [v1.14.4](https://github.com/ethereum/go-ethereum/releases/tag/v1.14.4 "v1.14.4"): 5-7% faster block import speeds, ETH supply live tracer and default minimum tip dropped to 0.001 gwei

Reth [v0.2.0-beta.9](https://github.com/paradigmxyz/reth/releases/tag/v0.2.0-beta.9 "v0.2.0-beta.9"): fix for docker; [v0.2.0-beta.8](https://github.com/paradigmxyz/reth/releases/tag/v0.2.0-beta.8 "v0.2.0-beta.8"): ensure Fork Choice Updated messages not missed when pruner active & changes to support OP mainnet

### For Stakers
[Anti correlation penalties](https://github.com/dapplion/anti-correlation-penalties-faq#readme "Anti correlation penalties") to defend solo staker viability

Toni Wahrstätter: [MEV-Boost vs local block building](https://ethresear.ch/t/is-it-worth-using-mev-boost/19753 "MEV-Boost vs local block building"), only small increase in APY
### Layer 2
Consensys [Linea](https://x.com/LineaBuild/status/1797283402745573837 "Linea") paused sequencer & censored Velocore attacker addresses

[Rollup.wtf dashboard](https://rollup.wtf/ "Rollup.wtf dashboard"): L2 real time performance showing TPS, MGas/s & KB/s
### EIPs/Standards
EIPs:

[EIP7718](https://github.com/ethereum/EIPs/pull/8629/files "EIP7718"): Portal Wire Protocol a framework for discv5

[EIP7719](https://github.com/ethereum/EIPs/pull/8630/files "EIP7719"): P2P History Network

### Stuff for developers
Foundry adds [Vyper support](https://x.com/klkvrr/status/1799192548466167937 "Vyper support"): deploy, test, debug & write _script_s

Hardhat [v2.22.5](https://github.com/NomicFoundation/hardhat/releases/tag/hardhat%402.22.5 "v2.22.5"): adds limited support for blob transactions & hardhat-tracer reenabled

Slither [v0.10.3](https://github.com/crytic/slither/releases/tag/0.10.3 "v0.10.3"): reduces false positives & improves performance

[Snekmate](https://x.com/pcaversaccio/status/1798316207432401324 "Snekmate") (Vyper building blocks): module-friendly contracts, uses Vyper v0.4.0rc6

[Prool](https://github.com/wevm/prool/#readme "Prool"): simulate local/bundler/indexer node over HTTP for Type_script_ test runners e.g. Vitest

[EVMole](https://x.com/cdump/status/1798764700718780777 "EVMole"): improved accuracy in function argument extraction

Contract read/write:

Etherscan [NatSpec comments](https://x.com/etherscan/status/1797967858816983251 "NatSpec comments") used in read/write contract tab

[ABI Ninja](https://x.com/buidlguidl/status/1798369520605700429 "ABI Ninja"): adds proxy support, interact without an ABI & shareable <a href="/ar/price/link-ln" target="_blank" class="blog_inner_link">LINK</a> for contracts

Evm.codes [contract reader](https://x.com/smlxldotio/status/1798783588327891052 "contract reader")

### Security
Velocore (DEX) [$6.8M exploit](https://velocorexyz.medium.com/velocore-incident-post-mortem-6197020ec3e9 "$6.8M exploit") on zkSync & Linea via faulty logic

[Security Alliance](https://securityalliance.notion.site/Introducing-the-First-Legal-Defense-Fund-to-Support-Crypto-Whitehats-e6792614a5b34c9f9f3f529caf975750 "Security Alliance") (SEAL) partnership with Security Research Legal Defense Fund to assist whitehats using safe harbor agreement

### Ecosystem
Hackathon projects: [ETH Belgrade](https://taikai.network/ethbelgrade/hackathons/eth-belgrade-hackathon-2024/projects "ETH Belgrade"), [ETHDublin](https://taikai.network/ethireland/hackathons/ethdubs2024/projects "ETHDublin") & [ETHPrague](https://ethprague2024.devfolio.co/projects "ETHPrague")

[Devcon scholars program](https://blog.ethereum.org/2024/06/07/devcon7-scholars "Devcon scholars program") for community organizers, law students/legal professionals, artists/sci-fi writers & builders, applications close July 7

Interactive version of [Ethereum roadmap](https://ethroadmap.com/ "Ethereum roadmap")

## Job Listings
Nethermind: [Preconfirmations Senior Engineer](https://boards.eu.greenhouse.io/nethermind/jobs/4344191101 "Preconfirmations Senior Engineer"), [Protocol Researcher](https://boards.eu.greenhouse.io/nethermind/jobs/4347537101 "Protocol Researcher"), [Site Reliability Engineer](https://boards.eu.greenhouse.io/nethermind/jobs/4321978101 "Site Reliability Engineer"), [Research Engineer](https://boards.eu.greenhouse.io/nethermind/jobs/4297652101 "Research Engineer") - Starknet & [Senior Marketing Manager](https://boards.eu.greenhouse.io/nethermind/jobs/4346942101 "Senior Marketing Manager")

<a href="/ar/price/gnosis-gno" target="_blank" class="blog_inner_link">Gnosis</a> is hiring: [Discord Moderator](https://gnosis.jobs.personio.com/job/1166297?_pc=1517287 "Discord Moderator") and [Senior Web3 Software Dev (Wallet)](https://gnosis.jobs.personio.com/job/1569366?display=en&_pc=1517287 "Senior Web3 Software Dev (Wallet)")

IMC: [Quant Developer](https://imczug.recruitee.com/o/quant-developer-defi "Quant Developer") for DeFi and MEV focused team

[Alchemy](https://www.alchemy.com/careers "Alchemy") - Wallet Services: [Engineering Manager](https://grnh.se/cc56a4365us "Engineering Manager") and [Full-Stack Engineer](https://grnh.se/5a40c3b55us "Full-Stack Engineer")

Privacy and Scaling Explorations: [ZK Circuits Engineer](https://jobs.lever.co/ethereumfoundation/7a7da3a9-a080-40a9-8aed-9e81641650a4 "ZK Circuits Engineer")

ChainSafe: [Head of Protocol Engineering](https://grnh.se/c6e27e794us "Head of Protocol Engineering"), [DevRel](https://grnh.se/6627a6284us "DevRel") - Sygma and [more jobs](https://grnh.se/108a0afd4us "more jobs")

### Onchain stats
Gas fees (via [ultrasound.money](https://ultrasound.money/#gas "ultrasound.money")): 3.2 to 115.8 gwei, with 12.4 gwei average

Zero net issuance currently at 23.4 gwei

8k ETH net issuance this week

ETHUSD: $3,642 - $3,874, currently $3,686

ETHBTC: currently 0.053 (Flippening at ~0.16)
### Notable at app layer
[IYK platform](https://iyk.notion.site/IYK-Platform-Changelog-4dc56c7f57974f6f8956961b76c3c3c8 "IYK platform") public, link physical items to digital using NFC chips

### Regulation/business/tokens

[Stand with Crypto US](https://x.com/brian_armstrong/status/1798446241455673437 "Stand with Crypto US") reached 1M members

Appellate court [slaps down SEC regulatory overreach](https://storage.courtlistener.com/recap/gov.uscourts.ca5.215539/gov.uscourts.ca5.215539.123.1.pdf "slaps down SEC regulatory overreach")

[Evolved Apes creators charged](https://www.justice.gov/usao-sdny/pr/three-united-kingdom-nationals-charged-connection-evolved-apes-nft-scam "Evolved Apes creators charged") in alleged NFT rug pull

[Matter Labs](https://x.com/the_matter_labs/status/1797343779189403825 "Matter Labs") (zkSync) dropping all trademark applications for ZK term

### General
[CoinGecko data breach](https://www.coingecko.com/learn/getresponse-data-breach-june-2024 "CoinGecko data breach") via third-party email platform; name, email, IP & location of email opens compromised

## Upcoming Dates of Note
(new/changes in **bold**)
**Jun 11 – [PeerDAS breakout # 1](https://github.com/ethereum/pm/issues/1059 "PeerDAS breakout # 1")**
Jun 14 – [EF EIP4844 data challenge](https://esp.ethereum.foundation/data-challenge-4844 "EF EIP4844 data challenge") deadline
Jun 21-23 – [ETHKyiv](https://www.ethkyiv.org/ "ETHKyiv") hackathon & conference
**Jul 7 – [Devcon scholars program](https://blog.ethereum.org/2024/06/07/devcon7-scholars "Devcon scholars program") deadline**
Jul 8-11 – [EthCC](https://www.ethcc.io/ "EthCC") (Brussels)
Jul 11-14 – [Pragma](https://ethglobal.com/events/pragma-brussels "Pragma") & [ETHGlobal Brussels](https://ethglobal.com/events/brussels "ETHGlobal Brussels")
Jul 26-30 – [EDCON Tokyo](https://www.edcon.io/ "EDCON Tokyo") conference 
Aug 2-4 – [Ethereum Argentina](https://twitter.com/etherargentina/status/1789007740968284434 "Ethereum Argentina")
Aug 15-17 – [Ethereum Uruguay](https://twitter.com/EthereumUruguay/status/1786144213328879817 "Ethereum Uruguay") hackathon & conference
Aug 23-Sep 13 – ETHGlobal [ETHOnline](https://ethglobal.com/events/ethonline2024 "ETHOnline") (virtual)
Aug 23-26 – [ETHTokyo](https://www.ethtokyo.com/ "ETHTokyo") hackathon & conference
Aug 29-31 – [ETHAccra](https://ethaccra.xyz/ "ETHAccra") hackathon
Sep 5-8 – [ETHWarsaw](https://www.ethwarsaw.dev/ "ETHWarsaw") conference & hackathon
Sep 9-15 – [ETHSafari ](https://ethsafari.xyz/ "ETHSafari ")(Kenya)
Sep 12-14 – <a href="/ar/how-to-buy/enjin-coin-enj" target="_blank" class="blog_inner_link">how to buy Enjin Coin</a> (Napoli)
Sep 20-22 – [ETHGlobal Singapore](https://ethglobal.com/events/singapore2024 "ETHGlobal Singapore")
Sep 26-27 – [ETHMilan](https://www.ethmilan.xyz/ "ETHMilan") conference
Oct 4-6 – [Ethereum Kuala Lumpur](https://www.2024.ethkl.org/ "Ethereum Kuala Lumpur") conference & hackathon
Oct 4-6 – [ETHRome](https://ethrome.org/ "ETHRome")
Oct 17-19 – [ETHSofia](https://www.ethsofia.com/ "ETHSofia") hackathon & conference
Oct 18-20 – <a href="/ar/how-to-buy/aleph-zero-azero" target="_blank" class="blog_inner_link">how to buy Aleph Zero</a> & [ETHGlobal San Francisco](https://ethglobal.com/events/sanfrancisco2024 "ETHGlobal San Francisco")
Nov 12-15 – [Devcon 7 - Southeast Asia ](https://devcon.org/ "Devcon 7 - Southeast Asia ")(Bangkok)
Nov 15-17 – [ETHGlobal Bangkok](https://ethglobal.com/events/bangkok "ETHGlobal Bangkok") hackathon

<div class="blog-details-info">
<div>Disclaimer
<div>Author: Andrew B Coathup and Evan Van Ness, WeekiNethereum.substack Team
<div>Editor: Gate.io Blog Team
<div class="info-tips">\*This article represents only the views of the author and does not constitute any investment suggestions.
<div>\*Copyright is reserved by WeekiNethereum.substack Team. Please contact us to remove any infringement.
</div>

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