Week in Ethereum News, November 2, 2024
Week in Ethereum News, November 2, 2024
Eth News and Links
Eth R&D protocol call (All Core Devs)
Consensus layer focused protocol call (ACDC #145):
Pectra upgrade:
Pectra-devnet-4: testing going well
Mekong testnet: Pectra public testnet live with devnet-4 spec
Pectra-devnet-5: minor spec changes merged, still finalizing spec
EIP7742 uncouple blob count between CL/EL: agreed simple change to blob base fee calculation but would be asymmetric if target increased to 4 with max 6 blobs per block
Symmetric blob base fee adjustments could be made in Fusaka upgrade with PeerDAS
Pectra (Prague + Electra) upgrade
Weekly testing call #11: fusaka-devnet-0 with EOF still ~1 week away
Fusaka (Osaka + Fulu) upgrade
PeerDAS breakout #11: peerdas-devnet-3 died after a 100k slot reorg, peerdas-devnet-4 planned for end of November, will rebase on Pectra
EOF implementers call #61: spec change discussions
Amsterdam upgrade
Kaustinen-7 (Verkle testnet) live, use lodestar-quickstart to sync locally
Layer 1
Terence: blob transactions in FOCIL (Fork-Choice enforced Inclusion Lists) using execution layer blob pool
GossipSub potential improvements for large message handling
Centralization watch: threatening the value of your ETH
🚨 Lido at 27.8%, still too close to 33.3% threshold
Client diversity (via clientdiversity.org):
Execution layer: Geth ~52% majority
Consensus layer: Prysm 37% & Lighthouse 33.3%
Any client bug over 33.3% could mean loss of finality
Better geographic diversity is optimal, particularly outside of North America & Europe
Client Releases
Consensus layer:
For stakers
Validator penalty simulator: visualize slashing & inactivity penalties on a single validator
Rocket Pool Saturn 0 upgrade: 8 ETH mini pools with no RPL required
Layer 2
Base fault proofs live, to become a stage 1 rollup final step is using a security council for upgrades
Blob burn simulator: visualize the impact of blob usage on ETH burn
EIPs/Standards
EIPs (Ethereum improvement proposals):
ERCs (application layer):
Stuff for developers
Argot collective: dev tools including Solidity & Sourcify spinning out of EF as a non-profit with 5-10 years of funding
Vyper (language) security: audit coverage for key parts of codebase & ABI decoder fuzzer
Tornado Cash (rebuilt): Foundry project with latest versions of Circom & snarkJS, for educational purposes
Swiss knife contract diff: compare verified contracts across chains using Etherscan API v2
Based agent: create AI agent using Coinbase developer platform & OpenAI
CTF:
Bank challenge: sequence of 5 Solidity challenges using Foundry
Security
Security Alliance (SEAL) wargames drill scenario template
Ecosystem
More Vitalik explainers on Ethereum roadmap:
Reduce storage & complexity (the Purge): history expiry, state expiry and feature cleanup
Fix everything else (the Splurge): EVM improvements, account abstraction, EIP1559 improvements, verifiable delay functions (VDFs) and obfuscation + one-shot signatures
Evan’s dumbing down of Vitalik’s roadmap explainers: the Merge & the Surge
ETHSydney hackathon projects
Enterprise
Shift4 enabling merchants to accept crypto, converted & settled in fiat, pilot Q4, rollout 2025
UBS asset management launches tokenized investment fund
Job Listings
Executive Director for Enterprise Ethereum Alliance
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
Fees (via ultrasound.money):
Gas: 2.4 to 39.2 gwei, 8.8 gwei average; zero net issuance at 24.3 gwei
11.6k ETH net issuance this week
ETHUSD: $2,434 - $2,720, currently $2,514, all time high $4,878
ETHBTC: currently 0.036 (Flippening at ~0.164)
Notable at app layer
Synthetix proposal to acquire Kwenta after spinning it out in 2020
Limit Break wrapped native: updated WETH deployable on EVM chains with same address
Tee_hee_he: AI agent on X run in TEE
Wallet security ranking: mobile & browser wallets evaluated against a checklist
Regulation/business/tokens
Immutable received Wells notice from SEC
US Treasury: crypto & Treasury markets presentation, benefits/risks of tokenizing Treasuries
Roman Storm trial moved to April
Temporary restraining order filed against Aragon for ANT redemption
Panama foundation vs Cayman-BVI explainer for token launches
General
Lottie player (JavaScript animation) supply chain attack injected wallet drainer
1inch amongst impacted projects
MrBeast onchain activity analyzed
M2 (UAE exchange) $13.7M stolen from hot wallets
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-november-2-2024
Upcoming Dates of Note
(new/changes in bold)
Nov 6 – Gitcoin Grants 22 ends
Nov 12-15 – Devcon 7 - Southeast Asia (Bangkok)
Nov 15-17 – ETHGlobal Bangkok hackathon
Dec 4-5 – Columbia CryptoEconomics workshop (New York)
Dec 6-8 – ETHIndia hackathon
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