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

2023-09-04, 02:27

Eth News and Links

Dencun (Cancun + Deneb) upgrade

Latest all core devs – execution (ACDE) call video. Recap by Tim Beiko. Notes from Tim Beiko and Christine Kim:

Devnet 8 to be used for most Dencun testing, devnet 9 will include final spec changes & hopefully be the last devnet

Public testnet upgrade order: Holešky (new, smaller number of node operators), Goerli (deprecated, has most apps/L2s/stakers) and then Sepolia before mainnet

Holešky to test 3/6 (target/max) blobs with option to reduce to 2/4 for other testnets/mainnet

Discussions on Verkle trie live migration vs combining with state expiry and Address Space Extension/Compression

Intro to blobspace: EIP4844 (proto-danksharding) in Dencun upgrade & full danksharding

Centralization watch: threatening the value of your ETH

🚨🚨🚨 Lido very close to breaching 33% threshold

Client diversity (via clientdiversity.org):

Execution layer: Geth supermajority, could possibly cause a chain split

Consensus layer: two clients over 33%, a bug could mean loss of liveness

Needed: more geographic diversity for both stakers and nodes, particularly outside of US/Can/EU

Layer 1

Ethereum Execution Layer Specification (EELS): Python reference implementation (similar to consensus layer Python spec)

Grant available to update Yellow Paper with missing pre-merge fork logic

Erigon Caplin (CL client) roadmap

Dapplion: Whisk bootstrapping, tradeoffs of bootstrapping strategies

Otterscan v1.32.0: adds contract interaction (for Sourcify verified contracts)

Client releases

Consensus layer:

Lodestar v1.11.0: adds Holešky testnet

Execution layer:

Nethermind v1.20.2/v1.20.3: adds Holešky testnet

Reth v0.1.0-alpha.8: sub 1TB full node, configurable pruning for each table and improvements for Transaction Pool & RPC

Research

Decouple attestation weight from attestation rewards, proposal to reduce risks from liquid staking

Cumulative non-expiring inclusion lists, add-on to inclusion list design

Slashing penalties if max effective balance increased (EIP7251), proposes initial penalty be a constant or scale sublinearly and correlation penalty be modified to scale quadratically

PEPC-DVT: Protocol-Enforced Proposer Commitments without changing consensus

Layer 2

Arbitrum Stylus: build apps for Nitro chains in Rust, C & C++, live on testnet

Polygon Chain Development Kit (CDK): launch a rollup or validium
StarkWare Stone prover open sourced

EIPs/Standards

ERCs (application layer):

ERC7505: NFT author registry

ERC7506: Trusted hint registry

Stuff for developers

Foundry:

Rivet: developer wallet (browser extension), integrated with Anvil, alpha

Huffpoint: vm.breakpoint in Huff to use with Foundry debugger

OpenSea redeemable NFT draft standards, proof of concept burn to redeem live on mainnet

Unique contract designs: BIG, many to one & one to many proxies, overlapping layouts and deeply nested variables

Arbitrum Sepolia testnet is live, Arbitrum Goerli will be deprecated later in the year

Circomscribe: analyze Circom code

Trail of Bits adding Vyper support to Slither and Echidna

Security

Ajna grief vector disclosed, repay debt & withdraw

Balancer disclosed vulnerability exploited for $2.1 million

SharedStake (Liquid staking) 105 ETH exploit, infinite mint via invalid ownership checks

Enterprise

Swift tokenization experiments used Sepolia testnet via Chainlink CCIP

OnlyFans has ETH on its balance sheet

Onchain stats

Gas fees (via ultrasound.money): 9 to 122 gwei, with average around 21.

Negative issuance currently at 20.1 gwei

About 400 ETH net burn this week

ETHUSD: $1610-1735, currently ~$1630

ETHBTC: .062-.0635, currently .063 (Flippening at ~.16)

Notable at app layer

Gitcoin Grants 18 closed, $680k donated from 47k donors

Gitcoin Passport onchain stamps: mint passport on Optimism

Hats Protocol v2: assign addresses onchain roles and pick what powers each role gets

Brian Armstrong: startups I would build today

Base apps:

OpenCover: cover aggregator

NFTA: daily price prediction game via drawing price chart, beta

Job Listings

Product Manager - L2 Blockchain Effort @ Status: All jobs

EF Privacy & Scaling Explorations team seek ZK circuits engineer

Regulation/business/tokens

Grayscale procedural victory over SEC in Bitcoin ETF case: SEC must provide a coherent response for rejection

US SEC charges Impact Theory for selling NFTs as unregistered securities

Unanimous Republican dissent from Commissioners Peirce & Uyeda

Class action against Uniswap dismissed, not liable for third-party misuse

Binance: BUSD users should convert to other stablecoins by February 2024

General

OG wallet drainer update: LastPass appears to be the common LINK

Theft patterns of OG wallet drainer, private key compromise, sweeper bots and Sha Zhu Pan

Rune proposes Maker chain, use hard forks to recover from governance attacks or tech failures

MACI & RLN trusted setup ceremonies: contribute from the browser (requires GitHub private gist access)

Ittai Abraham: Fast Fourier Transform over finite fields

Improving log lookups using GKR

Upcoming Dates of Note

(new/changes in bold)
Sep 7-9 – ETHAccra hackathon
Sep 10-12 – Ethereum Singapore hackathon & conference
Sep 11-13 – DappCon (Berlin)
Sep 15 – Protocol Berg (Berlin)
Sep 15-17 – ETHChicago conference & hackathon
Sep 15 – Holešky testnet genesis
Sep 18-24 – ETHSafari (Kilifi Kenya)
Sep 21–24 – Pragma & ETHGlobal New York
Oct 5-6 – ETHMilan conference
Oct 6-8 – ETHRome hackathon
Oct 6–27 – ETHOnline (ETHGlobal) virtual
Oct 28-30 – Paradigm CTF
Oct 13–15 – Ethereum Kuala Lumpur conference & hackathon
Oct 21 – Ethereum México
Oct 22-24 – ETH Hong Kong
Oct 27–29 – ETH Miami festival + hackathon
Oct 27-29 – ETH Vietnam
Oct 27-29 – ETH London hackathon
Oct 28–30 – ETH Lisbon hackathon
Oct 31 – Road to Devcon grants application deadline
Nov 3-5 – ETH Lisbon hackathon
Nov 13-19 – Devconnect (Istanbul)
Nov 16-19 – Pragma & ETHGlobal Istanbul
Dec 4-5 – ETHVenice
Dec 8-10 – ETHGlobal ETHIndia (Bangalore)


Disclaimer
Author: Andrew B Coathup and Evan Van Ness, WeekiNethereum.substack Team
Editor: Gate.io Blog Team
*This article represents only the views of the author and does not constitute any investment suggestions.
*Copyright is reserved by WeekiNethereum.substack Team. Please contact us to remove any infringement.
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