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Pectra (Prague + Electra) upgrade, small fork targeting late 2024
- Pectra-devnet-0 launched
Osaka + F starname upgrade
- Dankrad Feist: benefits of Verkle, increase block size 10x, simplify node architecture, reduce sync time, reduce node cost & enable path to light nodes
Centralization watch: threatening the value of your ETH
Lido at 28.6% still too close to 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~55% majority
- Lido 46.6% Geth at end of Q1
- Kiln went Geth free, 100% Nethermind
- Consensus layer: Prysm 37%
- Any client bug over 33.3% could mean loss of finality
- Execution layer: Geth ~55% majority
- Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
- Data Always: timing games as a service viz
- Piper Merriam: storing large SSZ objects in Portal Network to archive Ethereum’s state data
- Nethermind (execution layer client) scaling roadmap via optimizations, Paprika, parallelization & compiling bytecode to native
Research
Client Releases
- Consensus layer:
- Lodestar v1.18.1: hotfix to disable flood publishing for local block builders with orphaned/missed block proposals
- Execution layer:
Layer 2
- Degen & Apex rollups stopped posting batches for more than 24 hours after config change, first batches triggered reorgs
- User-defined penalties: proposal for preconf crypto-economic security
EIPs/Standards
- EIPs:
Stuff for developers
- Hardhat v2.22.4: adds BigInt task argument type
- Guide to Hardhat Ignition deployment using Ledger
- Foundry roadmap of planned 2024 features
- Heimdall-rs v0.8.0: decompilation & decode improvements and more modular code base
- Wagmi adds Vue support
- Betherscan (browser extension): adds data fields to Etherscan, including block header RLP, contract storage root, EOA nonce and transaction signature (v, r, s)
- ERC5189 (account abstraction via endorsed operations) bundler: execute account abstraction transactions (e.g. ERC4337)
- Vitalik: proposal for MACI with votes offchain by default
Security
- Sonne Finance (Compound v2 fork) ~$20M exploit on Optimism via known donation attack
- Predy Finance ~$0.5M exploit on Arbitrum via a callback
Ecosystem
- Vitalik: improving permissionlessness & decentralization in short/mid term, MEV, liquid staking & node hardware
- Ethereum Protocol Fellowship cohort 5 applications open
- EF Q1 grantees share $11M in funding
- Etherscan contract statistics of most called functions & language versions
Job Listings
- stakefish: DevOps Engineer & Full-stack Engineer
- Devcon: Production Magician & Volunteer Coordinator
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
- Gas fees (via ultrasound.money): 2.3 to 45.9 gwei, with 5.9 gwei average
- Zero net issuance currently at 23.3 gwei
- 13k ETH net issuance this week
- ETHUSD: $2,874 – $3,116, currently $3,096
- ETHBTC: currently 0.046 (Flippening at ~0.16)
Notable at app layer
- Rune: Dai endgame, NewStable (USD pegged with real world asset collateral) & PureDai (floating peg with decentralized collateral)
- Words3 infinite live on Redstone, scrabble with fluctuating price letter tiles
Regulation/business/tokens
- Tornado Cash developer Alex Pertsev sentenced to 64 months in prison for money laundering
- US Senate voted to repeal anti-crypto SEC Staff Accounting Bulletin 121 that precluded banks offering crypto custody
- “Low carb crusader” brothers charged with wire fraud & conspiracy to commit money laundering
General
- P-256 hash-seed still hasn’t been found, RIP7212 secp256r1 precompile being added by rollups
- RLN-v3 adds epoch-based message rate-limiting scheme
- Notes on collaborative zkSNARKS
END OF SERVICE: plan to deprecate Week in Ethereum News
Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-may-18-2024
Upcoming Dates of Note
(new/changes in bold)
- May 21-23 – DappCon (Berlin)
- May 24-26 – ETHBerlin hackathon
- May 26 – Ethereum Protocol Fellowship cohort 5 application deadline
- May 31-Jun 2 – ETHDublin hackathon & conference
- May 31-Jun 2 – ETHPrague conference & hackathon
- May 31-Jun 5 – ETH Belgrade hackathon & conference
- Jun 14 – EF EIP4844 data challenge deadline
- Jun 21-23 – ETHKyiv hackathon & conference
- Jul 8-11 – EthCC (Brussels) conference
- Jul 12-14 – ETHGlobal Brussels hackathon
- Jul 29-30 – EDCON Tokyo conference
- Aug 2-4 – Ethereum Argentina
- Aug 15-17 – Ethereum Uruguay hackathon & conference
- Aug 23-Sep 13 – ETHGlobal ETHOnline virtual hackathon
- Aug 23-26 – ETHTokyo hackathon & conference
- Aug 29-31 – ETHAccra hackathon
- Sep 5-8 – ETHWarsaw conference & hackathon
- Sep 9-15 – ETHSafari (Kenya)
- Sep 12-14 – NapulETH (Napoli)
- Sep 20-22 – ETHGlobal Singapore hackathon
- Sep 26-27 – ETHMilan conference
- Oct 4-6 – Ethereum Kuala Lumpur conference & hackathon
- Oct 4-6 – ETHRome hackathon
- Oct 17-19 – ETHSofia conference & 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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