Week in Ethereum News
April 27, 2024

Eth News and Links

Pectra (Prague + Electra) upgrade (meta EIP7600)

  • Latest all core devs – execution (ACDE) call video.  Notes from Tim Beiko & Christine Kim:
    • Pectra upgrade (small fork targeting late 2024)
      • Pectra-devnet-0: added EIP7685 general purpose execution layer requests; client team implementations progressing though Erigon may be delayed as implementing on Erigon v3
      • EIP3074: discussions on DELEGATECALL, nonce, revocation, chain ID and some late account abstraction opposition; no changes for devnet-0, breakout planned
      • EIPs added to Pectra considered for inclusion:
        • EIP7212 secp256r1 precompile
      • SSZ: async update
      • EOF: discussion on potentially reducing scope
      • L1/L2 governance discussion

Osaka + F starname upgrade (meta EIP7607)

Centralization watch: threatening the value of your ETH

Layer 1

Client Releases

  • Consensus layer:
    • Lodestar v1.18.0: fixes cross-client, DVT & remote signer compatibility issues and defaults to local block if external builder less than 10% additional value
    • Teku v24.4.0: performance improvements
  • Execution layer:
    • Geth v1.14.0: defaults to pathdb, adds live tracing, drops support for pre-merge networks, pending block only constructed on demand and adds beacon chain light client
    • Nethermind v1.26.0: adds snap server support and HalfPath state database upgrade
    • Reth v0.2.0-beta.6: fixes critical bug that would lead to invalid trie state and adds Discv5 support

Layer 2


  • EIPs:
  • ERCs (application layer):
    • ERC7699: ERC20 payment reference extension

Stuff for developers


  • Magpie (cross-chain swaps) $129k exploit via position of function selector not being checked
  • Rico $36k exploit on Arbitrum via flash loan entry point



Job Listings

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

Onchain stats

  • Gas fees (via ultrasound.money): 4.0 to 52.9 gwei, with 9.9 gwei average
    • Zero net issuance currently at 23.1 gwei 
    • 10k ETH net issuance this week
  • ETHUSD: $3,039 – $3,281, currently $3,089
  • ETHBTC: currently 0.049 (Flippening at ~0.16)

Notable at app layer



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