Week in Ethereum News, January 6, 2024
Eth News and Links
Dencun (Cancun + Deneb) upgrade (meta EIP7569)
Latest all core devs – execution (ACDE) call video. Recap by lightclient. Notes from lightclient & Christine Kim:
Testnet upgrade dates confirmed (assumes no issues): Goerli Jan 17, Sepolia Jan 30 & Holešky Feb 7
Pectra (Prague + Electra): discussed small feature upgrade first vs focusing on Verkle (~18 months) and reviewed proposed EIPs
Precompile address ranges: proposed EIP7587 (reserves 0x100-0x1ff for RIPs)
Centralization watch: threatening the value of your ETH
🚨 Lido at 31.71% is far too close to 33.3% threshold
Client diversity (via clientdiversity.org):
Execution layer: Geth ~84% supermajority, could possibly cause a chain split, estimated to cost billions of dollars
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
libp2p TCP vs QUIC: TCP ~2x speed of QUIC
Client releases
Consensus layer:
Nimbus v24.1.0: Goerli testnet Dencun upgrade and adds v3 blocks/{slot} Beacon API end-point
Execution layer:
Erigon v2.56.0: Goerli testnet Dencun upgrade
Nethermind v1.25.0-rc: Goerli testnet Dencun upgrade and OP Stack Canyon support
Research
Proposer selection with EIP7251 (increase max effective balance): probability remains the same for consolidated validators
MEV
Terence: timing games with blobs (post Dencun upgrade), may be more unpredictable
Timing.pics (dashboard of timing games): missed slots & bids selected by entity
Layer 2
Arbitrum Orbit supports using an ERC20 token for gas
L2s TVL flips other L1s
EIPs/Standards
EIPs
Informational EIP7587: Reserve precompile address range for RIPs
ERCs (application layer):
Stuff for developers
Reminder: Solidity developer survey 2023 closes January 7
Foundry multibuild: GitHub Action to test building project with range of Solidity versions
Overview of proxy contracts
Wagmi v2: TanStack Query support, connect multiple connectors, switch chains while disconnected and EIP6963 (multi injected provider discovery) support
Viem v2: low-level OP Stack actions & utilities and enhanced types
Secureum RACE #25: 8 question Solidity quiz & answers
Security
Gamma (liquidity management) $4.5M exploit on Arbitrum via price manipulation
Radiant (Aave v2 fork) $4.5M exploit of new USDC market on Arbitrum via known rounding issue
Ecosystem
Vitalik’s updated roadmap diagram
single slot finality (SSF) to resolve PoS design weaknesses, significant progress on rollups & Verkle trees, scourge redesigned, state expiry a low priority and VDFs dead for now
Devcon Southeast Asia in Bangkok, November 12-15
Onchain stats
Gas fees (via ultrasound.money): 7.9 to 329.4 gwei, with 19.8 gwei average
Zero net issuance currently at 22.0 gwei
1.7k ETH net issuance this week
ETHUSD: $2,187 - $2,434, currently $2,246
ETHBTC: currently 0.051 (Flippening at ~0.16)
Notable at app layer
Vitalik calls for L2 CCIP resolvers for low cost ENS subdomains
Daimo bundle compression reduces cost of ERC4337 transactions on L2
State of private voting
Regen Learnings: research group for public goods funding
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
US tax code: receipt of $10k+ in crypto (for trade/business) to be reported to IRS within 15 days
SBF second trial dropped by DoJ, including charges for unlawful campaign contributions
Logan Paul’s CryptoZoo buy back after game not delivered, in exchange for waiving claims
UK users of centralized exchanges required to complete investor declaration
General
Orbit bridge $81M hack
Orange Spain internet outage, RIPE account hacked to misconfigure BGP routing & RPKI config
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Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-january-6-2024
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
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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