Week in Ethereum News
July 13, 2024

Eth News and Links

Multiple domains compromised, SEC drops Paxos BUSD case, Devcon ticket sales open, Alex Pertsev denied bail and Roman Storm granted trial delay

All core devs

  • All core devs – consensus (ACDC) #137:
    • Pectra (Prague + Electra) upgrade:
      • Pectra-devnet-1: aim to launch next week 
      • EIP7594 PeerDAS:
        • peerdas-devnet-2 launching early next week with fixes from previous devnet
        • Decouple layers for blob count: max blob check on execution layer is redundant & can be removed, proposal for target blob count to be driven by consensus layer (needs to be included in execution layer block header)
    • Fork choice compliance testing presentation, model based test generation, test suite run with Teku

Pectra (Prague + Electra) upgrade, likely targeting Q1 2025

  • Marius Van Der Wijden: case against EOF in Pectra
  • PeerDAS breakout #3:
    • Relaunch devnet with client fixes, proposal to use custody groups instead of subnets to decouple core & network layers and agreed consensus layer should send max & target blob counts in execution layer header

Centralization watch: threatening the value of your ETH

Layer 1

  • Toni Wahrstätter: attestations analysis, node operator performance, best/worst validators, big block & blob impact and proposer timing games
  • Data Always: censorship resistance proposal, limit missed proposer income & increase localBlockValueBoost
  • Constantine v0.1: implementations of BLS signatures, BN254 & BLS12-381 precompiles and KZG polynomial commitments for blobs; bindings in C, Go, Nim & Rust
  • Péter Szilágyi: SSZ library implemented in Go


Client Releases

  • Consensus layer:
    • Lodestar v1.20.0: lodestar/api package changes exported types, flag to use SSZ APIs with validator client and testnet bootnode ENRs updated
  • Execution layer:
    • Besu v24.7.0: adds eth_maxPriorityFeePerGas support and improvements to sync, peering & startup performance
    • Erigon v2.60.3: adds optional include precompiles flag to tracing
    • Geth v1.14.7: hotfix for concurrent map read/write bug in v1.14.6
    • Reth v1.0.1: full node performance improvements, ExEx backfill & RPC fixes

For Stakers

  • Stereum v2.2: multi-setup support and connection check to test network stability & connectivity

Layer 2

  • OP Stack Fjord upgrade, cheaper smart wallet passkey verification via RIP7212 secp256r1 precompile and 5-15% lower data availability costs via Brotli channel compression
  • RollCall (L2 standards) #6:
    • L1 blob basefee spike on June 20 discussion and presentations on RIP7728 L1SLOAD precompile & RIP7740 preinstall deterministic deployment factories
  • Titan Builder eth_sendBlobs: send permutations of blob transactions from a single sender


  • EIPs (Ethereum improvement proposals):
    • EIP7742: Uncouple blob count between CL and EL
  • RIPs (rollup improvement proposals):
    • RIP7740: Preinstall deterministic deployment factories
  • ERCs (application layer standards):
    • ERC7737: Custom data access model
    • ERC7738: Permissionless script registry
    • ERC7739: Readable typed signatures for smart accounts
    • ERC7741: Authorize operator (via EIP712 secp256k1 signatures)
  • EIP.tools adds EIP-GPT, AI generated summary of an EIP/ERC

Stuff for developers



  • Devcon updates:
    • Ticket sales are open
      • Self-claimable discounts (using Ethereum address or GitHub)
      • Application based discounts
      • General admission wave 1 July 16
    • Speaker & volunteer applications are open
    • Bangkok city guide
  • EthCC videos
  • RicMoo’sFirefly Pixie: open source hardware wallet

Job Listings

Job listings: $600 for 4 issues (75 char limit).  Pay using 3cities.  Questions? abcoathup at-gmail

Onchain stats

  • Fees (via ultrasound.money):
    • Gas: 1.0 to 28.6 gwei, 3.6 gwei average; zero net issuance at 23.5 gwei 
    • 15k ETH net issuance this week
  • ETHUSD: $2,866 – $3,185, currently $3,133, all time high $4,878
  • ETHBTC: currently 0.054 (Flippening at ~0.164)

Notable at app layer



END OF SERVICE: plan to deprecate Week in Ethereum News

Editor: @abcoathup
Follow @WeekinEthNews for the most clicked links
Permalink: https://weekinethereumnews.com/week-in-ethereum-news-july-13-2024

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