Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Eth News and Links
Upcoming Dates of Note
Dencun (Cancun + Deneb) upgrade
- Latest all core devs – execution (ACDE) call video. Recap by Tim Beiko. Notes from Tim Beiko and Christine Kim:
- Devnet-9 using EIP4788 mainnet address & manual deployment and plan to test MEV-Boost; KZG ceremony trusted setup expected next week
- EIP7514 (max churn limit) to be tested on short lived devnet-10 with high number of validators
- EIP4788 (beacon root) issues fixed from 3 audits: 0 timestamp & ring buffer size
- Discussion on proposed EIP7503 (onchain privacy via reminting burnt ETH)
- Devnet-9 launched
Centralization watch: threatening the value of your ETH
Lido at 32.23% far too close to risky 33.3% threshold- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~80% supermajority, could possibly cause a chain split
- Consensus layer: Prysm at 45%, any client bug over 33.3% could mean loss of liveness
- Need more geographic diversity for both stakers & nodes, particularly outside of US/Can/EU
Layer 1
- 91% of blocks are via MEV-Boost relays controlled by just four entities
- Censorship dashboard: OFAC compliance of validators, relays & builders
- Mempool dumpster (transactions in Parquet & CSV): adds inclusion status & inclusion delay
Client releases for Holešky testnet
- Consensus layer:
- Lighthouse v4.5.0: experimental QUIC support
- Lodestar v1.11.3
- Nimbus v23.9.1
- Prysm v4.1.0-alpha.1
- Teku v23.9.1: Holešky testnet requires GLIBC v2.34 on Linux
- Execution layer:
- Besu v23.7.3
- Erigon v2.49.3: Holešky; v2.50.0: implements Cancun EIPs
- Geth v1.13.2: fixes for path db storage schema corner cases
- Nethermind v1.21.0: executable renaming, throttling RPC calls, Trie recovery & sync time reduction
- Reth v0.1.0-alpha.9: implements Cancun EIPs, revm state handling API reworked and pruning improvements; v0.1.0-alpha.10: Holešky
Research
- Preparing for danksharding: data visualization on the propagation time of big blocks on mainnet
- Relay-constructed inclusion list: proposal for censorship resistance in MEV-Boost
- Framework for design of optimal dynamic fees for multiple resources
Layer 2
- OP Stack: social decentralization & Fault Proof VM and dispute games
- Roll-op: script to configure & deploy OP Stack network
EIPs/Standards
- EIPs
- EIP7525: Expire state of the inactive accounts
- ERCs (application layer):
Stuff for developers
- Holešky testnet launched for staking, infrastructure & protocol testing
- Explorers: Etherscan, beaconcha.in & Otterscan
- 1000 holETH distributed to contract deployers (mainnet & Goerli testnet)
- Faucets: pk910 PoW faucet & Etherscan’s Blockscan chat
- Replacement for deprecated Goerli
- Use Sepolia testnet for app layer testing
- Remix v0.36.0: uses ChatGPT to explain a function, generate documentation & explain compiler errors, adds more quick fixes and support for Ephemery testnet
- Hardhat v2.17.4: supports debug_traceCall
- Branching Tree Technique examples: specification framework for writing structured Solidity tests
- Solmate (contract library) adds ERC6909 (minimal multi-token interface) implementation
- SSTORE gas:
- OpenZeppelin ReentrancyGuard avoids resetting to zero to maximize gas refund
- EVM uses SSTORE current vs final value and not intermediate values for reduced gas cost
- Comparison of borrowing protocol architectures: MakerDAO, Compound, Aave, Euler & Yield
- Huffathon challenges: 1, 2, 3 & 4
- wagmi v2 alpha: TanStack Query support, connect multiple connectors, switch chains while disconnected and EIP6963 support
- ERC4337 (account abstraction):
- Permissionless.js: TypeScript library to interact with bundlers & paymasters, built on viem
- Alchemy’s Rundler: ERC4337 bundler in Rust
- Solidity Next.js starter v2: uses Hardhat, viem, wagmi, Tailwind CSS & RainbowKit
- Ether binder beta, PHP utilities to interact with Ethereum, uses PHP 8.2
- Curta CTF Philosopher’s Stone writeup
- Guide to using Cryo & Polars for data analysis
- Banteg: create heatmap of ERC20 transfers
- RareSkills: Circom tutorial
Security
- SEAL 911 members saved $200k from Dice9win mid exploit
- GMX (DEX on Arbitrum) price skew vulnerability disclosed, fixed with $1M bounty paid
Ecosystem
- Dankrad: Ethereum values need to be protected by the community, they are not automatically guaranteed by economic incentives
- EF data collection grants, applications close October 23, wish list includes projects for XATU (network monitoring), testnets and data collection
- ERC4337 (account abstraction) adoption analysis: 687k wallets, 2M UserOps, majority of wallets used 5 times or less
- ETHGlobal New York hackathon finalists
Enterprise
- Bank of International Settlements Project Mariana: proof of concept for cross-border exchange of wholesale CBDCs using AMMs on Sepolia testnet
- Buenos Aires digital identity: QuarkID wallet can be used to claim birth & marriage certificates, uses zkSync Era
Onchain stats
- Gas fees (via ultrasound.money): 5.5 to 74.1 gwei, with 10.7 gwei average
- Negative issuance currently at 20.9 gwei
- 7.9k ETH net issuance this week
- ETHUSD: $1,569 – $1,684, currently $1668
- ETHBTC: currently 0.062 (Flippening at ~0.16)
Notable at app layer
- Arbitrum Odyssey relaunched, 7 week campaign for users to try apps & collect badges
- Pudgy Toys: physical Pudgy Penguin plushies, sold in Walmart, licensing royalties shared with NFT holders, purchasers can claim a Forever Pudgy on zkSync
- Nouns DAO burn proposal: incentivize spending the treasury otherwise excess ETH can be burnt
- Paris Hilton promoting MareBear NFTs: Tamagotchis pets
Job Listings
- Aave seek a UX Engineer and a Staff Rust Engineer
- Senior Operations Security Expert wanted by EF
- EF Privacy & Scaling Explorations team seek a Technical Project Coordinator
- ZK circuits engineer sought by EF Privacy & Scaling Explorations team
Job listings: $600 for four issues (75 character limit). Questions? abcoathup at-gmail
Regulation/business/tokens
- VanEck announced upcoming ETH futures ETF (EFUT)
- Coinbase approved by Bermuda Monetary Authority to offer perpetual futures trading, non-US
- New York & Boston Feds: stablecoin flight to safety dynamics resemble money market funds
- Chase UK will decline crypto related payments
General
- Exchange hacks: $200M for Mixin Network and $8M for HTX (formerly Huobi)
- Sigmabus: efficient computation of elliptic curve group operations in generic SNARK circuits
- Naysayer proofs: accept proofs optimistically and only check when necessary
Follow @WeekinEthNews to find out what the most clicked links are. Follow @abcoathup and @evan_van_ness to get most of the week’s news in real time.
Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-september-30-2023
Upcoming Dates of Note
(new/changes in bold)
- Oct 5-6 – ETHMilan conference
- Oct 6-27 – ETHOnline (ETHGlobal) virtual
- Oct 6-8 – ETHRome hackathon
- Oct 13-15 – Ethereum Kuala Lumpur conference & hackathon
- Oct 21 – Ethereum México
- Oct 22-24 – ETH Hong Kong
- Oct 27-29 – ETH London hackathon
- Oct 27-29 – ETH Miami festival & hackathon
- Oct 27-29 – ETH Vietnam
- Oct 28-30 – Paradigm CTF
- Oct 31 – Road to Devcon grants deadline (max $1k for local meetups)
- Nov 3-5 – ETHBrno
- 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)
Sign up to receive this newsletter weekly
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.