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Dencun (Cancun + Deneb) upgrade
- Latest all core devs – consensus (ACDC) call video. Notes from Christine Kim:
- Agreed to Deneb simplification (blob sidecar inclusion proof), ~3 weeks to implement, delays next devnet but gives safer mainnet
- Devnet 11 launched
- Consensus-specs v1.4.0-beta.4: adds blob sidecar inclusion proof
- Dencun interop testing call video
Centralization watch: threatening the value of your ETH
- Lido at 31.34% continues to reduce but still far too close to 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~85% supermajority, could possibly cause a chain split
- Consensus layer: Prysm 43% & Lighthouse 34%, any client bug over 33.3% could mean loss of finality
- Geographic diversity needed for stakers & nodes, particularly outside of US/Canada/EU
Layer 1
- Guide to run Reth (Rust EL client) + Lighthouse on Ubuntu v20.04
- Node on Playstation 4: syncs Holešky testnet
- Verkle implementers call notes
For Stakers
- Beacon chain: millionth validator index number assigned
Client releases
- Execution layer:
- EthereumJS releases: Holešky testnet support, Dencun devnet 11 support & EVM profiler
Research
- CeFi-DeFi arbitrage influence on order-flow auction (OFA) bid profiles
Layer 2
- Vitalik: types of layer 2s, rollup & validium spectrum, dimensions of withdrawing security & reading security
EIPs/Standards
- EIPs
- ERCs (application layer):
Stuff for developers
- Hardhat:
- Hardhat v2.19.0: adds configuration variables (stored in plain text)
- Guide to deploying a contract with Hardhat Ignition
- Gaslite Splitter: gas optimized contract for splitting ERC20 & ETH payments
- Solid-grinder: reduce L2 gas cost by encoding calldata, front end snippets & CLI
- Reinforced-Concrete-Huff: hash function for bn254 curve, ported to Huff
- Fe (language) v0.26.0: option to produce runtime bytecode and verify onchain contracts against local source code
- Addreth: React component to display ETH addresses
- Web3py-discord-bot: example repo using web3.py websocket provider
- Paradigm CTF write up (from 2nd placed Kalos)
- Securing C (language) code: best practices used to secure c-kzg-4844 C library
Security
- Onyx protocol (Compound v2 fork) $2.1M exploit via precision loss vulnerability
- Unibot router $600k exploit via suspected lack of input validation allowing arbitrary call
- Astrid Finance $230K exploit via lack of input validation in withdraw
Ecosystem
- ETHGlobal ETHOnline finalists
- Gitcoin Grants 19 applications open
- Etherscan address highlighting on hover
Onchain stats
- Gas fees (via ultrasound.money): 7.4 to 95.2 gwei, with 21.1 gwei average
- Zero net issuance currently at 21.6 gwei
- 450 ETH net issuance this week
- ETHUSD: $1,774 – $1,865, currently $1,828
- ETHBTC: currently 0.053 (Flippening at ~0.16)
Notable at app layer
- WalletConnect reenabling access to Russia & occupied Ukraine after previously blocking based on legal & OFAC guidance
- Aragon Association dissolving
- Drawtech live on Base, shared canvas onchain mobile game
- OpenSea staff layoffs
Job Listings
- Nethermind: Smart Contract Auditor, Smart Contract Auditor (Rust) & BizDev
- Gnosis seek DevRels, Senior Web Devs (Wallet) & Backend Devs
- ZK circuits engineer sought by EF Privacy & Scaling Explorations team
- Senior Operations Security Expert wanted by EF
Job listings: $600 for four issues (75 character limit). Questions? abcoathup at-gmail
Regulation/business/tokens
- SBF found guilty on all 7 counts, sentencing set for March 28
- SafeMoon executives charged with securities fraud, wire fraud and money laundering
- SEC crypto accounting bulletin should have been submitted to Congress
- PayPal received SEC subpoena for PYUSD stablecoin
- UK Treasury response to crypto regulation consultation
General
- DPRK target blockchain engineers with macOS malware
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Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-november-4-2023
Upcoming Dates of Note
(new/changes in bold)
- Nov 13-19 – Devconnect (Istanbul), update 2
- Nov 15-21 – DCxPrague (Devconnect satellite event in Prague)
- Nov 15-29 – Gitcoin Grants 19
- Nov 16-19 – Pragma & ETHGlobal Istanbul
- Nov 18 – Ethereum Costa Rica
- Nov 30 – Road to Devcon grants deadline (max $1k for local meetups)
- Dec 4 – ETHVenice
- Dec 6-7 – Columbia CryptoEconomics workshop (New York)
- Dec 8-10 – ETHGlobal ETHIndia (Bangalore)
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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.