Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Dencun (Cancun + Deneb) upgrade (meta EIP7569)
- Mainnet shadow fork successfully upgraded to Dencun, tested blobs with each EL/CL pair and MEV relayers
- Client releases for mainnet Dencun upgrade, update your nodes
- Dencun interop testing call video
Pectra (Prague + Electra) upgrade (meta EIP7600)
- Latest all core devs – consensus (ACDC) call video. Notes from Christine Kim:
- Electra upgrade scope (small cross layer fork targeting late 2024):
- peerDAS (EIP7594): develop in parallel to Electra
- Inclusion lists (EIP7547): speed run proof of concept to check complexity for Electra
- ePBS and increase max EB (EIP7251): unlikely for Electra
- Proposed issuance curve adjustment (30% reduction) and case for targeting staking ratio of 1/4
- Light client roadmap: proposes backfill protocol & SSZification for Electra
- Electra upgrade scope (small cross layer fork targeting late 2024):
Osaka upgrade (meta EIP7607)
- Shadow fork converted Holešky testnet state to Verkle
Centralization watch: threatening the value of your ETH
- Lido at 31.54% is far too close to 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth 68% supermajority, could cause a chain split
- Consensus layer: Prysm 38%, any client bug over 33.3% could mean loss of finality
- Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
- Péter Szilágyi: transaction propagation proposal to produce less nonce gaps
- Erigon: Caplin Archival format for storing Beacon Chain history
- Missed slot penalties discussion
ePBS (enshrined Proposer-Builder Separation)
- Terence: why you should care about ePBS
- Potuz: ePBS design constraints
MEV
- MEV-Boost community call video and notes
- Flashbots Protect & MEV-Share data published
- Data Always: Latency is money
Research
Layer 2
- OP chains Delta upgrade live, adds span batches which reduces fixed costs by over 90%
- ZK grants round to improve ZK Layer 2 ecosystem, $900k in funds from EF, Aztec, Polygon, Scroll, Taiko & zkSync, applications close March 18
EIPs/Standards
- ERCs (application layer):
- ERC7625: Contract IDs and metadata extension
- ERC7627: Secure messaging protocol
- ERC7628: ERC721 balance extension
- ERC7629: Unified token
- ERC7631: Dual nature token pair (DN404 hybrid ERC721 & ERC20)
- ERC7632: Interfaces for named token
- ERC7634: Limited Transferrable NFT (ERC721 extension)
- ERC7635: Multi-Fungible Token
Stuff for developers
- Fuzz-utils: generate Foundry unit tests from Echidna & Medusa failed properties
- Hardhat-viem v2: adds Viem v2
- Ether Deck Mk2 (Solidity): optimized contract account
- createXcrunch: find zero-leading/containing/pattern-matching addresses for CreateX factory
- Protolambda: Ethereum libs/tools in Go updated for Dencun & Go v1.21
- King of the Frame strategy, gas optimizations to lower cost of stealing
- Circom-plus (language server): supports go to definition & Circom 2
- Cyfrin Updraft courses now public: development, testing, contract security & auditing
Security
- Blueberry (lending) exploit front run by c0ffeebabe, 367 ETH returned
Ecosystem
- Ethereum Protocol Fellowship study group started, open to everyone
- EF Q4 grantees share $30M in funding
Enterprise
- Reddit holds ETH in treasury
- City of Buenos Aires releases code for self-sovereign digital identity [Spanish]
Job Listings
- Sr. Developer Relations Manager & Technical Writer at Powerloom
- Nethermind: Distributed Systems Dev Lead & Cryptography Researcher
- Sourcify seek a TypeScript Developer
- Executive Assistant wanted by EF to support senior decision makers
- Solidity: C++ Software Engineer and Programming Language Researcher
- MetaMask Staking: Staff Software Engineer and Software Engineer
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
- Gas fees (via ultrasound.money): 11.8 to 198.7 gwei, with 34 gwei average
- Zero net issuance currently at 22.5 gweiÂ
- 8.6k ETH net burn this week
- ETHUSD: $2,739 – $3,025, currently $2,921
- ETHBTC: currently 0.058 (Flippening at ~0.16)
Notable at app layer
- Uniswap:
- Proposal for fees to reward UNI holders that delegate & stake
- Uniswap v2 live on Arbitrum, OP mainnet & Base
- Yuga Labs acquired PROOF, including Moonbirds
- Optimism airdrop 4: NFT deployers on mainnet & OP chains can claim share of 10M OP
Regulation/business/tokens
- Kraken filed to dismiss SEC lawsuitÂ
- Roman Storm & Alex Pertsev legal defense fundraiser extended until Mar 15 with new NFTs
General
- Extractable witness encryption scheme for KZG commitments and efficient Laconic OT
- Circle STARKs: use efficient M31 field for STARKs, StarkWare & Polygon collaboration
- LatticeFold: leads to post-quantum secure IVC/PCD/SNARKs, performance competitive with pre-quantum folding schemes
- Minimize foreign arithmetic in ZKP Circuits
- DoS vulnerability in Pedersen DKG implementations used in threshold signature schemes
- Apple iMessage end-to-end encryption upgrading to PQ3 (post-quantum cryptography)
End of service: plan to deprecate Week in Ethereum News
Editor: @abcoathup
Follow @WeekinEthNews for the most clicked links
Permalink: https://weekinethereumnews.com/week-in-ethereum-news-february-24-2024
Upcoming Dates of Note
(new/changes in bold)
- Mar 4 – EF academic grants round application deadline
- Mar 9 – ETH Salvador
- Mar 13 – mainnet Dencun upgrade epoch 269568
- Mar 13-14 – ETHLatam (San Pedro Sula, Honduras)
- Mar 15-17 – ETHGlobal London hackathon
- Mar 18 – ZK grants round application deadline
- Mar 19-21 – ETH Canal (Panama City, Panamá) conference & hackathon
- Mar 21-24 – ETHTaipei conference & hackathon
- Mar 22-24 – ETHSamba (Rio)
- Mar 27-30 – ETH Bucharest conference & hackathon
- Mar 29-31 – ETH Seoul hackathon
- Apr 5-26 – ETHGlobal Scaling Ethereum virtual hackathon
- Apr 5-7 – EthereumZuri.ch conference
- Apr 12-14 – ETHDam (Amsterdam) conference & hackathon
- Apr 16-18 – EY Global blockchain summit (London)
- Apr 26-28 – ETHBoston conference & hackathon
- May 3-5 – ETHGlobal Sydney hackathon
- May 21-23 – DappCon (Berlin)
- May 24-26 – ETHBerlin hackathon
- May 31-Jun 2 – ETHDublin hackathon & conference
- May 31-Jun 2 – ETHPrague conference & hackathon
- Jun 3-5 – ETH Belgrade conference & hackathon
- Jul 8-11 – EthCC (Brussels) conference
- Jul 12-14 – ETHGlobal Brussels hackathon
- Jul 26-30 – EDCON Tokyo conferenceÂ
- Aug 23-Sep 13 – ETHGlobal ETHOnline virtual hackathon
- Sep 12-14 – NapulETH (Napoli)
- Sep 20-22 – ETHGlobal Singapore hackathon
- Oct 6-8 – ETHRome
- Oct 18-20 – ETHGlobal San Francisco hackathon
- Nov 12-15 – Devcon 7 – Southeast Asia (Bangkok)
- Nov 15-17 – ETHGlobal Bangkok hackathon
Sign up to receive this newsletter weekly
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.