Week in Ethereum News, August 8, 2021 - thanks to Kwenta & Synthetix for making this issue possible!
Some people just like to watch the ETH burn
Eth News and Links
Mainnet execution layer - London fork happened and 1559 is live!
Latest core devs call video. Notes from Tim Beiko; shortest call ever assessing the smooth success (so far!) of the London upgrade
1559 monitoring and ETH burning dashboards: Etherchain Burn, Watch the Burn, Ultrasound Money, Python script to show boxplots from your node, Otterscan (uses your Erigon node).
After 3 days, over 15k ETH burned
An 1559 fee estimator for the next block
On the first day, 1559 led to negative issuance for half an hour
Wallets beginning to support 1559 transactions, eg MetaMask extension starts this week. There was a last minute wallet UX issue leading to web3js and Infura hotfix releases pre-London
1559 doesn’t reduce gas fees, here’s some things to keep in mind during transition
Ansgar: how 1559 reduces MEV and gives it to the protocol by bifurcating the inclusion and ordering markets for transactions
Some debate in the address extension space research area
EIPs/Standards
EIP3709: deprecate transaction type 1
Proof of stake consensus layer
A model for cumulative committee-based finality, a possible alternative to CBC in the future
What’s coming in prysm v2 for stakers; breaking changes for Altair fork
Dafny, official release of formally verified spec of Eth staking
ethmodel.io: cadCAD’s simulator of total ETH supply and staking yield
Layer2
Arbitrum to launch this month in a few weeks with some safety rails
NXTP for crosschain transfers and contract calls from Connext. Onchain data model only, uses subgraphs
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Stuff for developers
web3js v1.5.1 - should update for 1559
web3J adds 1559 support for Java devs
Nethereum v4.0.2 supports Eth_FeeHistory for v1.10.6 until next Geth release
Switch to WalletConnect v1.5.2 ASAP
UseDapp - browser extension to give you developer tools network tab in web3 frontends
Hardhat packager plugin to prepare artifacts and TypeChain bindings for registry deployment
How to fork mainnet with Hardhat step by step
Reorgme: create reorgs on private chains
sol2uml now supports file-level structs and enums which Solidity introduced in 0.6.x
abi-to-sol v0.5 accepts custom errors in input ABIs and corresponding outputs
Login with Eth quickstart for devs
build an AssemblyScript chain on TheGraph, Dennison Bertram PoC
If Santi Palladino was writing his Eth for web devs book now…
Security
Popsicle Finance hacked for ~$25m via new depositors allowed to withdraw rewards from deployment; same bug as WildCredit
Ashiq Amien finds access control bug in Alchemix
Fake partnership via Andre Cronje deepfake video call?
Using a honeypot to investigate Twitter reply scams
Want to be an auditor? Secureum bootcamp is extending the application deadline (it’s free!)
Ecosystem
Eth scalability roadmap from a user’s POV
Bot on bot MEV violence: tx.origin arb bot executes attacker’s arbitrary call. Now made ~$1m
Videos from yesterday’s reorg.wtf online summit
Rabby browser extension (open source, forks at least some of MetaMask, caveat emptor)
Ethereum miner revenue higher than Bitcoin for the 3rd consecutive month
Enterprise
GoQuorum v21.7.0 - new consensus engine for the QBFT algorithm.
Hyperledger Besu v21.7.2 - some hotfixes for London
Application layer - all the focus on London
Louis Vitton launches “Louis the Game” with NFTs on Ethereum
Oiler Network has an alpha on mainnet (with fake USDC) for 1559-enabled gas hedging
A simple bill splitting app
More Real World Assets for Maker: Matthew Rabinowitz starts Delaware trust for corporate office leases
You can get ~7% fixed APR on USDC at Element (disclosure: Evan is an advisor; of course there’s code risk, but that’s a solid fixed rate)
Regulation/business/tokens
US Senate drama: Yellen’s Treasury Dept glommed crypto regulations onto Biden’s trillion dollar infrastructure bill; Wyden (D-OR), Lummis (R-WY), Toomey (R-PA) amendment to make the anti-crypto regulations less bad, but Warner (D-VA), Portman (R-OH) and Sinema (D-AZ) create special carve out for PoW (and later other favored tech). Biden pushed Warner’s special carve out for PoW miners.
Votes are supposed to be today, follow Jake Chervinsky on Twitter for updates. Currently it appears leadership is pressuring for a compromise
Ryan Selkis compiled some undecided Senators: Lujan (D-NM), Collins (R-ME), Merkley (D-OR), Cantwell (D-WA), Bennett (D-CO), Manchin (D-WV), Markey (D-MA), Van Hollen (D-MD), Cortez Masto (D-NV), Rosen (D-NV), Gillibrand (D-NY), Cassidy (R-LA), Romney (R-UT), Hickenlooper (D-CO), Kelly (D-CO), Tuberville (R-AL), Hagerty (R-TN), Ossoff (D-GA)
You can’t be tough on BigTech while trying to kill off alternatives to it
SEC settles with DMM to disgorge profits from token sale and pay $125k individual fines
JP Koning: stablecoins are regulated
Justin Drake’s updated model for Eth supply and sell pressure reduction
Vineyard Holdings: a DCF valuation model for Eth
Nikhil Shamapant: 1559 and the triple halving thesis
General/crypto
Facebook opensources Winterfell STARK prover/verifier
If you’re doing a trusted SNARK setup, try this easy to use UI
Online courses on Probabilistically Checkable Proofs and Interactive Proofs by Ale Chiesa and Tom Gur
Blind signatures over elliptic curves explainer
Apple inserts backdoor to scan your phone in violation of their privacy promise
Pplpleaser profile in Fortune
Job Listings
Founding auditor at Yearn's yAcademy, $10,000 referral reward if hired
Solidity is hiring a C++ dev
WalletConnect looking for Javascript/Typescript devs
Rotki tracking and tax app hiring Python backend dev & Vue/Typescript dev
Ethereum Foundation: Test Engineer for consensus and execution layers
Nethermind internship program
Want to reach people experienced with Ethereum? List your job here. $345 per line (~75 character limit including spaces), payable in ETH (or 345 DAI or 345 USDC) to abcoathup.eth. Questions? abcoathup at-gmail
Follow @WeekinEthNews to find out what the most clicked links are. Follow @evan_van_ness and @abcoathup to get most of the week’s news in real time.
Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-august-8-2021/
Dates of Note
Upcoming dates of note (new/changes in bold):
Aug 12 - applications close for EF small grants for events
Aug 13 - Sign in with Ethereum RFP extended deadline
Aug 13 - Post-London assessment wallet/infra call
Aug 17 - applications close for written pieces on public goods projects
Aug 27-29 - Edcon (Shenzhen/online)
Oct 1-3 - EthAtlanta enterprise-focused hackathon & keynotes
Oct 22-24 - ETH Lisbon
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