Week in Ethereum News, November 16, 2024
Eth News and Links
Devconnect in 2025 & Devcon in 2026, Justin Drake’s beam chain proposal and Virgil Griffith coming home in April
Layer 1
FastEthereumCrawler: node discovery v5 (discv5) crawler based on Nim implementation
Research
Justin Drake: beam chain proposal [video], upgrade consensus layer with a batch of features in ~2029 for faster slots, faster finality, SNARKs & quantum security
Anders Elowsson: consolidation incentives in Orbit single slot finality
Centralization watch: threatening the value of your ETH
🚨 Lido at 27.9%, 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:
Lodestar v1.23.0: Mekong testnet support & fix for CPU illegal instruction compatibility issue
Layer 2
Lisk (former alt-L1) migrated to OP Stack
EIPs/Standards
EIPs (Ethereum improvement proposals):
EIP7814: Introspection precompiles
ERCs (application layer):
Stuff for developers
OpenZeppelin community contracts (Solidity): experimental contracts, co-developed libraries & newer ERC implementations; unaudited
Coinbase smart wallet spend permissions: request to spend native & ERC20 tokens for 1-click/no-click user experience
DuneScan: block explorer in Dune
CTFs:
OpenZeppelin Ethernaut new levels: impersonator & magic animal carousel
Secureum RACE #34: answers to 8 question Solidity quiz
0xPARC Provable Object Datatype (POD): used in Zupass, FrogCrypto & Meerkat
Security
DeltaPrime $4.8M exploit on Arbitrum & alt L1, attacker then staked stolen funds
Red Guild: Phishing Dojo, interactive quiz on identifying phishing attacks
Ecosystem
Devcon videos
Devconnect next up in 2025 & Devcon in 2026, suggest a location
Evan’s dumbing down of Vitalik’s roadmap explainers: the Verge, the Purge & the Splurge
Job Listings
Nethermind: Auditor, Agent Engineer, Content Marketing Manager & Researcher
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: 4.4 to 131.5 gwei, 24.5 gwei average; zero net issuance at 24.3 gwei
0.3k ETH net burn this week
ETHUSD: $2,967 - $3,396, currently $3,096, all time high $4,878
ETHBTC: currently 0.034 (Flippening at ~0.164)
Notable at app layer
ERC4337 shared user operations pool live on mainnet, Arbitrum & OP mainnet
Vitalik: info finance category, includes prediction & decision markets
Regulation/business/tokens
Polymarket CEO raided by FBI
SEC sued by 18 states for regulatory overreach in crypto
US Attorney's Office SDNY devoting fewer resources to harass crypto
ETH ETF net positive lifetime inflows
General
Virgil Griffith coming home in April
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-16-2024
Upcoming Dates of Note
(new/changes in bold)
Dec 4-5 – Columbia CryptoEconomics workshop (New York)
Dec 6-8 – ETHIndia hackathon
Jan 30-31 – EthereumZuri.ch conference
Feb 23 - Mar 2 – ETHDenver
May 9-11 – ETHDam (Amsterdam) conference & hackathon
May 30 - Jun 4 – ETH Belgrade hackathon & conference
Jun 12-13 – Protocol Berg (Berlin)
Jun 16-18 – DappCon (Berlin)
Jun 26-28 – ETHCluj (Romania) conference
Jun 30 - Jul 3 – EthCC (Cannes) conference
Sign up to receive this newsletter weekly