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Dencun (Cancun + Deneb) upgrade (meta EIP7569)
- Latest all core devs – consensus (ACDC) call video. Notes from Christine Kim:
- Devnet-12: Prysm joined, MEV-Boost being tested
- Goerli shadow fork 1: syncing started
- Discussions on SSE block event for block propagation times, slashable message propagation and GossipSub IDONTWANT control message
- Dencun interop testing call video
- Tim Beiko’s core devs update: Dencun upgrade EIPs, EIP process changes and Prague/Electra planning
Centralization watch: threatening the value of your ETH
- Lido at 31.98% is far too close to 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~84% supermajority, could possibly cause a chain split
- Consensus layer: Prysm 41% & Lighthouse 34%, any client bug over 33.3% could mean loss of finality
- Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
- Yoav: ERC4337 (account abstraction) vs EIP3074 (execution abstraction)
- Vitalik: enshrined zkEVMs at Layer 1, tradeoffs and design challenges
- Ethernets.io (node crawler): ~17k nodes found, 60% not accepting connections
- Monitoreth.io (consensus layer dashboard) updated with ISP & staking entities distribution
For Stakers
- EthStaker: DVT home staker program, pilot reimbursing hardware costs of new stakers
Client releases
- Consensus layer:
- Lodestar v1.12.1: patch for v1.12 block root errors (post-mortem)
- Teku v23.12.0: adds checkpoint-sync-url option and performance improvements
- Execution layer
- Nethermind v1.24.0: not downgradable, improvements to headers database
Research
- Timing games: cost of artificial latency in PBS
Layer 2
- Arbitrum One sequencer & feed stalled during surge in traffic
- 90% of transactions were inscriptions
- RollCall (L2 standards) call video: discussed RIP7212 (secp256r1 precompile), RIP7560 (native account abstraction) and EIP3074 (AUTH & AUTHCALL)
EIPs/Standards
- EIPs:
- Meta EIP7577: Versioning scheme for EIPs
- RIPs (Rollup Improvement Proposals):
- RIP7212: Precompile for secp256r1 Curve Support (moved from EIPs)
- ERCs (application layer):
Stuff for developers
- Foundry:
- Forge-std v1.7.4: adds Balance, Extcodesize, Extcodehash, Extcodecopy as account access kinds and new cheat codes to delete snapshots
- Polygon deployment & upgrade libraries (JavaScript), Forge Chronicles (creates JSON & markdown deployment log), Storage Delta (compares storage layouts) & Deployer Kit (generate deployer contracts for upgradeable contracts), beta
- Create an AMM in Vyper using Ape (Python contract dev framework)
- Code MASTER: create AST mutators
- EVMole v0.2.0 (function selector extractor): adds extracting function arguments
- Ponder (dapp backend framework): index events, generate GraphQL API, local dev server with hot reloading, implemented in TypeScript
- FUZD: commit/reveal system, executes delayed transactions decrypted at execution time, alpha
- OpenZeppelin Defender v2, public beta, new modules: Code (analysis of PRs), Audit (track issues & resolutions), Deploy, Monitor, Incident Response, Actions & Access Control
Security
- Ledger Connect Kit library supply chain attack, drainer injected into dapps
- OKX DEX $370k exploit, deprecated contract compromised
- Hypr bridge exploit, contract reinitialized, built on fork of OP Stack develop branch
- Cyfrin Updraft security & auditing course (22 hours)
Ecosystem
- ETH supply below Vitalik’s proposed EIP960 ETH supply cap
- ETHIndia hackathon finalists
Onchain stats
- Gas fees (via ultrasound.money): 16.9 to 346.6 gwei, with 41.7 gwei average
- Zero net issuance currently at 21.9 gwei
- 15k ETH net burn this week
- ETHUSD: $2,161 – $2,385, currently $2,223
- ETHBTC: currently 0.053 (Flippening at ~0.16)
Notable at app layer
- ENS root being transferred to the ENS DAO
- Coinbase wallet buy/send USDC for free on Layer 2
- Synthetix ends SNX inflation
Job Listings
- Senior Operations Security Expert wanted by EF
- ZK circuits engineer sought by EF Privacy & Scaling Explorations team
Job listings: $600 for four issues (75 character limit). Pay using 3cities. Questions? abcoathup at-gmail
Regulation/business/tokens
- SEC denied Coinbase’s petition for crypto rules; SEC Republican members disagree
- Tether freezing wallets on OFACs list
- KuCoin settlement with New York: cease operations in the state, refund users & $5.3M penalty
- Four people charged for laundering proceeds from “pig butchering” crypto investment scams
- Coinbase International Exchange spot ETH-USDC for non-US institutional clients
General
- S&P Global Ratings stablecoin stability assessment
- BIS tighten stablecoin criteria in 2022 proposal that banks can hold up to 2% in crypto
- Twitter XSS vulnerability: attackers could have taken over accounts
- Arecibo: implementation of SuperNova
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-december-16-2023
Upcoming Dates of Note
(new/changes in bold)
- Jan 15 – EF’s Next Billion fellowship cohort 4 deadline
- Feb 2-4 – ETH Cinco de Mayo hackathon (Cholula, Puebla)
- Feb 3 – Ethereum Lima Day
- Feb 23-Mar 3 – ETHDenver BUIDLWeek & hackathon
- Mar 13-14 – ETHLatam (San Pedro Sula, Honduras)
- Mar 15-17 – ETHGlobal London
- Mar 19-21 – ETH Canal (Panama City, Panamá) conference & hackathon
- Mar 21-24 – ETHTaipei conference & hackathon
- Mar 27-30 – ETH Bucharest hackathon & conference
- Mar 29-31 – ETH Seoul
- Apr 5-26 – ETHGlobal Scaling Ethereum (virtual)
- Apr 5-7 – EthereumZuri.ch conference & hackathon
- May 3-5 – ETHGlobal Sydney
- May 21-23 – DappCon (Berlin)
- May 24-26 – ETHBerlin
- May 31-Jun 2 – ETHPrague conference & hackathon
- Jul 8-11 – EthCC (Brussels)
- Jul 12-14 – ETHGlobal Brussels
- Aug 23-Sep 13 – ETHGlobal ETHOnline (virtual)
- Sep 20-22 – ETHGlobal Singapore
- Oct 18-20 – ETHGlobal San Francisco
- Nov – ETHGlobal DevCon
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