Week in Ethereum News, February 24, 2024
Eth News and Links
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
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 gwei
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 lawsuit
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
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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 conference
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
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