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Dencun (Cancun + Deneb) upgrade (meta EIP7569)
- Latest all core devs – consensus (ACDC) call video. Notes from Christine Kim:
- Goerli shadow fork 2: stable network with blob spamming using Goerli client releases
- Fork choice filter change: to be included in Deneb
- Consensus layer priorities: discuss next call, proposed Electra EIPs & PeerDAS
- Dencun interop testing call video
- Ephemery testnet upgrades to Dencun January 18
- Goerli testnet upgrades to Dencun January 17
- Bug bounty doubled for Dencun specific vulnerabilities, up to $500k
Client releases for Goerli testnet Dencun upgrade
- Consensus layer:
- Lighthouse v4.6.0-rc.0: pre-release
- Lodestar v1.14.0-rc.2: pre-release
- Nimbus v24.1.1
- Prysm v4.2.0
- Teku v24.1.0
- Execution layer:
- Besu v24.1.0
- Erigon v2.56.2
- Geth v1.13.10
- Nethermind v1.25.0: OP Stack Canyon upgrade support
- Reth v0.1.0-alpha.14
Centralization watch: threatening the value of your ETH
- Lido at 31.84% is far too close to 33.3% threshold
- Social action options to tackle a concentrated actor
- Client diversity (via clientdiversity.org):
- Execution layer: Geth 84% supermajority, could possibly cause a chain split
- Consensus layer: Prysm 41%, any client bug over 33.3% could mean loss of finality
- Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
- Increasing gas limit debate:
- Péter Szilágyi: need monitoring & metrics before making a change
- Marius van der Wijden: risks include missed block rate, state size, history size, sync times & client diversity
- Ansgar Dietrichs: EIP4844 is equivalent of ~11M additional gas
- Dankrad Feist: wait until after Dencun, then also increase calldata cost & number of blobs
- Vitalik: modest increase is reasonable
- Besu halted on mainnet January 6, ~70% of Besu nodes impacted, hot fixed
- Reth state & history growth dashboard
- Nethermind State Database experimental approaches: Paprika, Path-Based Storage & Halfpath
- Explainers: EIP7002 (execution layer triggerable exits) & EIP7251 (increase max effective balance)
Research
- EF Research team AMA, discussions include: EIP4844 data publishing without scaling, composability across rollups, Lido, security budget, capping signatures to 8192 per slot, gas limit increase, native (enshrined) rollups, EigenLayer, MEV burn & EIP7251 (increase max effective balance)
- Staking economics: issuance impact on staking equilibrium & reward curve options
MEV
- Proposals for relay incentivization: low-latency relay mesh network and enshrining missed slot penalty on proposers
Layer 2
- OP Stack Canyon upgrade live on Superchain mainnets, adds Shappella support (including PUSH0), reduces rate of basefee change & adds Create2Deployer
- RollCall (L2 standards) video & notes: RIP7212 (R1 precompile) made final, EIP7587 (reserve RIP precompile addresses) discussion and RIP working groups (precompiles, EIP4844 testing & fee markets)
EIPs/Standards
- EIPs
- ERCs (application layer):
Stuff for developers
- Remix v0.40.0: Ape framework Vyper compiler, Uniswap v4 templates & Circom v2.1.6
- GasliteNFT (ERC721 base contract): extends ERC721A with Ownable2Step & MerkeProofLib
- RareSkills: Compound v3 explainer
- Equivalence checking with Halmos
- Evm-inspectors: Revm Inspectors for Parity & Geth style traces and JS Inspector
- Wevm Vocs: React-based static documentation generator, content in Markdown or MDX
Security
- Wise Lending ~177 ETH exploit via precision issue
- Behind the scenes of Euler March 2023 exploit & fund recovery
Ecosystem
- Optimism’s RetroPGF round 3 results, 30M OP allocated to 501 builders & creators
Enterprise
- Unicef Rwanda using staking to fund school internet connectivity
- X (Twitter) removed NFT profile picture support
Onchain stats
- Gas fees (via ultrasound.money): 9.2 to 483.5 gwei, with 26.2 gwei average
- Zero net issuance currently at 21.9 gwei
- 3.2k ETH net burn this week
- ETHUSD: $2,185 – $2,698, currently $2,497
- ETHBTC: currently 0.06 (Flippening at ~0.16)
Notable at app layer
- USDC & EURC v2.2 upgrade complete: reduces gas costs & supports ERC1271
- OpenSea email onboarding: create non-custodial wallet via email address using Privy
- Simon de la Rouviere See You There: 1 of 1 NFT, records holders over 5 years
- Speedtracer (daily mini game) live on Base, trace a race track & mint highest score
Job Listings
- Status is hiring: Technical Chief Operating Officer – Apply here
- ZK circuits engineer sought by EF Privacy & Scaling Explorations team
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Regulation/business/tokens
- SEC approves BTC ETFs
- Commissioner Peirce: “squandered a decade of opportunities”
- SEC Twitter account was compromised via a phone number without 2FA
- Circle filed for IPO
- New York DFS settles with Genesis for compliance failures, $8M penalty & cease operations in the state
General
- Columbia CryptoEconomics workshop videos
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-january-13-2024
Upcoming Dates of Note
(new/changes in bold)
- Jan 15 – EF’s Next Billion fellowship cohort 4 deadline
- Jan 17 – Goerli testnet Dencun upgrade epoch 231680, livestream
- Jan 30 – Sepolia testnet Dencun upgrade epoch 132608 (assuming no issues)
- Feb 2-4 – ETH Cinco de Mayo hackathon (Cholula, Puebla)
- Feb 3 – Ethereum Lima Day
- Feb 7 – Holešky testnet Dencun upgrade epoch 29696 (assuming no issues)
- Feb 23-Mar 3 – ETHDenver BUIDLWeek & hackathon
- Mar 13-14 – ETHLatam (San Pedro Sula, Honduras)
- Mar 15-17 – ETHGlobal London hackathon
- 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 conference
- Apr 5-26 – ETHGlobal Scaling Ethereum virtual hackathon
- Apr 5-7 – EthereumZuri.ch conference
- Apr 12-14 – ETHDam (Amsterdam) conference & hackathon
- May 3-5 – ETHGlobal Sydney hackathon
- May 21-23 – DappCon (Berlin)
- May 24-26 – ETHBerlin
- May 31-Jun 2 – ETHDublin hackathon & conference
- May 31-Jun 2 – ETHPrague conference & hackathon
- Jun 3-5 – ETH Belgrade conference
- Jul 8-11 – EthCC (Brussels) conference
- Jul 12-14 – ETHGlobal Brussels hackathon
- Jul 26-30 – EDCON Tokyo conference
- Aug 23-Sep 13 – ETHGlobal ETHOnline virtual hackathon
- Sep 20-22 – ETHGlobal Singapore hackathon
- Oct 18-20 – ETHGlobal San Francisco hackathon
- Nov 12-15 – Devcon 7 – Southeast Asia (Bangkok)
- Nov 15-17 – ETHGlobal Bangkok hackathon
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