Week in Ethereum News, July 27, 2024
Eth News and Links
Spot ETH ETFs launched in US and support Roman Storm legal defense
All core devs
All core devs – consensus (ACDC) #138:
Pectra (Prague + Electra) upgrade:
Pectra-devnet-1 launched, multiple issues being debugged
Request types:
ExecutionPayloadEnvelope proposal: broad support to move request data needed for state transition outside structure that CL clients prune
Unify request objects proposal: intend to move forward
SSZ StableContainer: no strong push for inclusion, focus on existing Pectra EIPs before considering increasing scope
EIP7594 PeerDAS:
Simplification proposal to drop peer sampling phase from Pectra
Discussion on when to activate (currently separate epoch to Pectra)
BeaconBlocksByRange v3 proposal
Pectra (Prague + Electra) upgrade, likely targeting Q1 2025
Teams focused on client stability, optimization & refactoring before launching peerdas-devnet-2
EOF taxonomy diagram
Centralization watch: threatening the value of your ETH
🚨 Lido at 29.05%, still too close to 33.3% threshold
Client diversity (via clientdiversity.org):
Execution layer: Geth ~55% majority
Consensus layer: Prysm 35%
Any client bug over 33.3% could mean loss of finality
Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
EIP7732 ePBS:
Research
Toni Wahrstätter: EIP7716 anti-correlation penalties for diseconomies of scale
Block builder concentration analysis
Client Releases
Execution layer:
Erigon:
v2.60.5: improvements & fixes
v3.0.0-alpha1: all-in-one (execution layer + Caplin consensus layer) node
Nethermind v1.27.1: fix improperly enabled pre-warming blocks on OP Stack chains
EIPs/Standards
EIPs (Ethereum improvement proposals):
Stuff for developers
Foundry Anvil adds EIP7702 support
Eclair: Solidity interpreter, focused on contract interactions
Guide to improving Foundry testing using fuzzing & invariant testing
RareSkills:
Solidity try/catch guide, handling low-level call failure
Beacon proxy pattern explainer
Tips:
Solady LibString for string concatenation
Sandwich-resistant AMM: application-layer approach to mitigate atomic sandwich attacks
Trevm: typestate interface to revm
Viem v2.18: adds ERC-4337 Account Abstraction extension
Security
MonoSwap $1.3M stolen on Blast via phishing of developer
Spectra $550k exploit via arbitrary call to any address
Enterprise
Toyota research into mobility accounts based on ERC4337 account abstraction
Job Listings
Aragon: Senior Smart Contract Developer
EF Protocol Support: generalist to help with ACD, EPF, SoP & more
Nethermind: Senior Device Security Engineer, Senior DevOps Engineer AMER & APAC, Full Stack Lead APAC, Post-Grad Internship & App Security Engineer
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
Fees (via ultrasound.money):
Gas: 1.1 to 46.7 gwei, 4.5 gwei average; zero net issuance at 23.6 gwei
15k ETH net issuance this week
ETHUSD: $3,099 - $3,538, currently $3,265, all time high $4,878
ETHBTC: currently 0.048 (Flippening at ~0.164)
Notable at app layer
Coinbase: free conversion from USDT on Tron to USDC on Base for parts of Latin America, Africa & Asia
Atari X Asteroids live on Base, mint to play
Zora Sparks: changing display units to 1/1000000 ETH (Szabo)
Regulation/business/tokens
Spot ETH ETFs launched in US:
ETF flow dashboard
UK Financial Conduct Authority fined Coinbase £3.5M for user onboarding with restrictions in place
General
Support Roman Storm legal defense via Juicebox fundraiser
Vitalik: circle STARKs (implemented in Stwo & Plonky3)
END OF SERVICE: plan to deprecate Week in Ethereum News
Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-july-27-2024
Upcoming Dates of Note
(new/changes in bold)
Jul 29-30 – EDCON Tokyo conference
Aug 2-4 – Ethereum Argentina conference & hackathon
Aug 7-9 – Science of Blockchain Conference (New York)
Aug 15-17 – Ethereum Uruguay hackathon & conference
Aug 23-Sep 13 – ETHGlobal ETHOnline virtual hackathon
Aug 29-31 – ETHAccra hackathon
Sep 5-8 – ETHWarsaw conference & hackathon
Sep 9-15 – ETHSafari (Kenya)
Sep 12-14 – NapulETH (Napoli)
Sep 13-14 – Ethereum México
Sep 20-22 – ETHCapeTown hackathon
Sep 20-22 – ETHGlobal Singapore hackathon
Sep 26-27 – ETHMilan conference
Oct 4-6 – Ethereum Kuala Lumpur conference & hackathon
Oct 4-6 – ETHRome hackathon
Oct 17-19 – ETHSofia conference & 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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