Week in Ethereum News, January 13, 2024
Eth News and Links
Dencun (Cancun + Deneb) upgrade (meta EIP7569)
Latest all core devs – consensus (ACDC) call video. Notes from Christine Kim:
Goerli shadow fork 2: stable network with blob spamming using Goerli client releases
Fork choice filter change: to be included in Deneb
Consensus layer priorities: discuss next call, proposed Electra EIPs & PeerDAS
Dencun interop testing call video
Ephemery testnet upgrades to Dencun January 18
Goerli testnet upgrades to Dencun January 17
Bug bounty doubled for Dencun specific vulnerabilities, up to $500k
Client releases for Goerli testnet Dencun upgrade
Consensus layer:
Lighthouse v4.6.0-rc.0: pre-release
Lodestar v1.14.0-rc.2: pre-release
Nimbus v24.1.1
Prysm v4.2.0
Teku v24.1.0
Execution layer:
Besu v24.1.0
Erigon v2.56.2
Geth v1.13.10
Nethermind v1.25.0: OP Stack Canyon upgrade support
Reth v0.1.0-alpha.14
Centralization watch: threatening the value of your ETH
🚨 Lido at 31.84% is far too close to 33.3% threshold
Social action options to tackle a concentrated actor
Client diversity (via clientdiversity.org):
Execution layer: Geth 84% supermajority, could possibly cause a chain split
Consensus layer: Prysm 41%, any client bug over 33.3% could mean loss of finality
Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
Increasing gas limit debate:
Péter Szilágyi: need monitoring & metrics before making a change
Marius van der Wijden: risks include missed block rate, state size, history size, sync times & client diversity
Ansgar Dietrichs: EIP4844 is equivalent of ~11M additional gas
Dankrad Feist: wait until after Dencun, then also increase calldata cost & number of blobs
Vitalik: modest increase is reasonable
Besu halted on mainnet January 6, ~70% of Besu nodes impacted, hot fixed
Reth state & history growth dashboard
Nethermind State Database experimental approaches: Paprika, Path-Based Storage & Halfpath
Explainers: EIP7002 (execution layer triggerable exits) & EIP7251 (increase max effective balance)
Research
EF Research team AMA, discussions include: EIP4844 data publishing without scaling, composability across rollups, Lido, security budget, capping signatures to 8192 per slot, gas limit increase, native (enshrined) rollups, EigenLayer, MEV burn & EIP7251 (increase max effective balance)
Staking economics: issuance impact on staking equilibrium & reward curve options
MEV
Proposals for relay incentivization: low-latency relay mesh network and enshrining missed slot penalty on proposers
Layer 2
OP Stack Canyon upgrade live on Superchain mainnets, adds Shappella support (including PUSH0), reduces rate of basefee change & adds Create2Deployer
RollCall (L2 standards) video & notes: RIP7212 (R1 precompile) made final, EIP7587 (reserve RIP precompile addresses) discussion and RIP working groups (precompiles, EIP4844 testing & fee markets)
EIPs/Standards
EIPs
ERCs (application layer):
Stuff for developers
Remix v0.40.0: Ape framework Vyper compiler, Uniswap v4 templates & Circom v2.1.6
GasliteNFT (ERC721 base contract): extends ERC721A with Ownable2Step & MerkeProofLib
RareSkills: Compound v3 explainer
Equivalence checking with Halmos
Evm-inspectors: Revm Inspectors for Parity & Geth style traces and JS Inspector
Wevm Vocs: React-based static documentation generator, content in Markdown or MDX
Security
Wise Lending ~177 ETH exploit via precision issue
Behind the scenes of Euler March 2023 exploit & fund recovery
Ecosystem
Optimism’s RetroPGF round 3 results, 30M OP allocated to 501 builders & creators
Enterprise
Unicef Rwanda using staking to fund school internet connectivity
X (Twitter) removed NFT profile picture support
Onchain stats
Gas fees (via ultrasound.money): 9.2 to 483.5 gwei, with 26.2 gwei average
Zero net issuance currently at 21.9 gwei
3.2k ETH net burn this week
ETHUSD: $2,185 - $2,698, currently $2,497
ETHBTC: currently 0.06 (Flippening at ~0.16)
Notable at app layer
USDC & EURC v2.2 upgrade complete: reduces gas costs & supports ERC1271
OpenSea email onboarding: create non-custodial wallet via email address using Privy
Simon de la Rouviere See You There: 1 of 1 NFT, records holders over 5 years
Speedtracer (daily mini game) live on Base, trace a race track & mint highest score
Job Listings
Status is hiring: Technical Chief Operating Officer - Apply here
ZK circuits engineer sought by EF Privacy & Scaling Explorations team
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Regulation/business/tokens
SEC approves BTC ETFs
Commissioner Peirce: “squandered a decade of opportunities”
SEC Twitter account was compromised via a phone number without 2FA
Circle filed for IPO
New York DFS settles with Genesis for compliance failures, $8M penalty & cease operations in the state
General
Columbia CryptoEconomics workshop videos
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Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-january-13-2024
Upcoming Dates of Note
(new/changes in bold)
Jan 15 – EF’s Next Billion fellowship cohort 4 deadline
Jan 17 – Goerli testnet Dencun upgrade epoch 231680, livestream
Jan 30 – Sepolia testnet Dencun upgrade epoch 132608 (assuming no issues)
Feb 2-4 – ETH Cinco de Mayo hackathon (Cholula, Puebla)
Feb 3 – Ethereum Lima Day
Feb 7 – Holešky testnet Dencun upgrade epoch 29696 (assuming no issues)
Feb 23-Mar 3 – ETHDenver BUIDLWeek & hackathon
Mar 13-14 – ETHLatam (San Pedro Sula, Honduras)
Mar 15-17 – ETHGlobal London hackathon
Mar 19-21 – ETH Canal (Panama City, Panamá) conference & hackathon
Mar 21-24 – ETHTaipei conference & hackathon
Mar 27-30 – ETH Bucharest hackathon & conference
Mar 29-31 – ETH Seoul conference
Apr 5-26 – ETHGlobal Scaling Ethereum virtual hackathon
Apr 5-7 – EthereumZuri.ch conference
Apr 12-14 – ETHDam (Amsterdam) conference & hackathon
May 3-5 – ETHGlobal Sydney hackathon
May 21-23 – DappCon (Berlin)
May 24-26 – ETHBerlin
May 31-Jun 2 – ETHDublin hackathon & conference
May 31-Jun 2 – ETHPrague conference & hackathon
Jun 3-5 – ETH Belgrade conference
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 20-22 – ETHGlobal Singapore hackathon
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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