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!

EIPs/Standards

  • EIP3709: deprecate transaction type 1

Proof of stake consensus layer

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

Security

Ecosystem

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

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


Job Listings

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Dates of Note

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