Week in Ethereum News, June 29, 2024
Eth News and Links
SEC charges Consensys, US Supreme Court overrules Chevron deference and Reth (Paradigm’s Rust execution layer client) is production ready
All core devs
All core devs – consensus (ACDC) #136:
Presentation on private sharing of client info by validators research
Péter Szilágyi: proposal to cross validate with other execution layer clients statelessly (before Verkle) and change engine API encoding from JSON to SSZ
Pectra (Prague + Electra) upgrade:
pectra-devnet-1: waiting on execution layer clients
EIP6110 validator deposits onchain: proposal to rate limit deposit processing
EIP7594 PeerDAS: peerdas-devnet-1 launched with 3 consensus layer clients, discussion on decoupling layers for blob count
EIP7688 SSZ StableContainer: devnet running but not all clients have implemented, no decision yet on including in Electra
Pectra (Prague + Electra) upgrade, likely targeting Q1 2025
Future of EOA/AA breakout #5: EIP7702 delegation designation proposal to be merged next week
PeerDAS breakout #2: passing max blobs per block is preferred solution for decoupling layers, value should be configurable and fetching from execution layer pool experiment
Centralization watch: threatening the value of your ETH
🚨 Lido at 29.2%, still too close to 33.3% threshold
Client diversity (via clientdiversity.org):
Execution layer: Geth ~55% majority
Lighthouse client info in graffiti (7.4% of blocks): Geth 62%
Consensus layer: Prysm 38%
Any client bug over 33.3% could mean loss of finality
Geographic distribution of validators, estimated using p2p data
Layer 1
Gossipsub performance, recommends reducing concurrent IWANT messages sent & lowering heartbeat frequency
EF Protocol Security Research team explainer of what they do
Research
Orbit SSF: solo-staking-friendly validator set management for single slot finality
Execution Auctions superior to Execution Tickets, simpler to implement but have centralization concerns (which may be curbed by Inclusion Lists)
Client Releases
Consensus layer:
Execution layer:
Layer 2
Arbitrum Timeboost proposed, auction for express transaction submission (non-express transactions have a short delay), proceeds will either be in ARB (burnt) or ETH (collected)
Flashbots: MEV on L2s
Offchain Labs BlobWatcher: monitor transaction pool for blob transactions
Blast phase 1 airdrop, goes in at $2B FDV
L2Beat ZK Catalog: code verification of onchain ZK verifiers
For Stakers
Stakesaurus: DVT home staking guide (Diva), aimed at novices
Ethereum on ARM: full node (Geth + Nimbus) on Rock 5B 16 GB RAM with 2 physical cores
EIPs/Standards
EIPs (Ethereum improvement proposals):
EIP7727: EVM transaction bundles
RIPs (Rollup improvement proposals):
RIP7728: Precompile for L1SLOAD
ERCs (application layer standards):
Stuff for developers
Snekmate v0.1 (Vyper contracts): contracts made module friendly, targets Vyper v0.4.0
Remix v0.51: adds SolidityScan to analyze code for vulnerabilities and supports EIP712 eth_signTypedData in Remix VM
Patrick Collins: guide to where EVM can read/write data
Gas playground: browser playground for Solidity contracts, uses live state (currently Base only)
Guide to mine an efficient address using create2crunch
EVMole v0.3.5 (function selector extractor): adds Vyper support
Viem experimental adds Solady ERC1271 Actions
Paradigm fellowship technical questions
RareSkills Uniswap v2 puzzles
Cyfrin updraft: updated Solidity & Foundry courses
Ecosystem
EF Next Billion cohort 4 fellows
ETHKyiv hackathon projects
Enterprise
Stripe adding Base support to their crypto payouts & onramp
Job Listings
Gnosis is hiring: Discord Moderator
IMC: Quant Developer for DeFi and MEV focused team
Privacy and Scaling Explorations: ZK Circuits Engineer
Nethermind: Preconfirmations Senior Engineer, Protocol Researcher, Senior Content Marketing & Senior Marketing Manager
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
Fees (via ultrasound.money):
Gas: 1.2 to 31.4 gwei, 4.5 gwei average; zero net issuance at 23.5 gwei
13k ETH net issuance this week
ETHUSD: $3,259 - $3,516, currently $3,385, all time high $4,878
ETHBTC: currently 0.056 (Flippening at ~0.16)
Regulation/business/tokens
SEC charges Consensys as an unregistered broker for MetaMask Swaps and claims MetaMask Staking sells securities (stETH & rETH)
US Supreme Court:
holds SEC violated right to trial by jury; no more SEC kangaroo courts
overrules Chevron, courts no longer must defer to federal agency power grabs
Coinbase filed FOIA lawsuits against SEC & FDIC over Biden’s Operation Chokepoint 2.0
US Treasury finalized broker rule, but punts on DeFi
General
Iranians vote: scan passport NFC to prove eligibility, generate ZK proof & vote on Gnosis chain
Polyfill (JavaScript) supply chain attack, Cloudflare automatically replacing links
Wired: home invader convicted of burglarizing & torture to steal crypto
END OF SERVICE: plan to deprecate Week in Ethereum News
Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-june-29-2024
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(new/changes in bold)
Jul 7 – Devcon scholars program deadline
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Jul 29-30 – EDCON Tokyo conference
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