Eth News and Links
Mainnet execution layer – London fork happened and 1559 is live!
- Latest core devs call video. Notes from Tim Beiko; shortest call ever assessing the smooth success (so far!) of the London upgrade
- 1559 monitoring and ETH burning dashboards: Etherchain Burn, Watch the Burn, Ultrasound Money, Python script to show boxplots from your node, Otterscan (uses your Erigon node).
- After 3 days, over 15k ETH burned
- An 1559 fee estimator for the next block
- On the first day, 1559 led to negative issuance for half an hour
- Wallets beginning to support 1559 transactions, eg MetaMask extension starts this week. There was a last minute wallet UX issue leading to web3js and Infura hotfix releases pre-London
- 1559 doesn’t reduce gas fees, here’s some things to keep in mind during transition
- Ansgar: how 1559 reduces MEV and gives it to the protocol by bifurcating the inclusion and ordering markets for transactions
- Some debate in the address extension space research area
EIPs/Standards
- EIP3709: deprecate transaction type 1
Proof of stake consensus layer
- A model for cumulative committee-based finality, a possible alternative to CBC in the future
- What’s coming in prysm v2 for stakers; breaking changes for Altair fork
- Dafny, official release of formally verified spec of Eth staking
- ethmodel.io: cadCAD’s simulator of total ETH supply and staking yield
Layer2
- Arbitrum to launch this month in a few weeks with some safety rails
- NXTP for crosschain transfers and contract calls from Connext. Onchain data model only, uses subgraphs
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Stuff for developers
- web3js v1.5.1 – should update for 1559
- web3J adds 1559 support for Java devs
- Nethereum v4.0.2 supports Eth_FeeHistory for v1.10.6 until next Geth release
- Switch to WalletConnect v1.5.2 ASAP
- UseDapp – browser extension to give you developer tools network tab in web3 frontends
- Hardhat packager plugin to prepare artifacts and TypeChain bindings for registry deployment
- How to fork mainnet with Hardhat step by step
- Reorgme: create reorgs on private chains
- sol2uml now supports file-level structs and enums which Solidity introduced in 0.6.x
- abi-to-sol v0.5 accepts custom errors in input ABIs and corresponding outputs
- Login with Eth quickstart for devs
- build an AssemblyScript chain on TheGraph, Dennison Bertram PoC
- If Santi Palladino was writing his Eth for web devs book now…
Security
- Popsicle Finance hacked for ~$25m via new depositors allowed to withdraw rewards from deployment; same bug as WildCredit
- Ashiq Amien finds access control bug in Alchemix
- Fake partnership via Andre Cronje deepfake video call?
- Using a honeypot to investigate Twitter reply scams
- Want to be an auditor? Secureum bootcamp is extending the application deadline (it’s free!)
Ecosystem
- Eth scalability roadmap from a user’s POV
- Bot on bot MEV violence: tx.origin arb bot executes attacker’s arbitrary call. Now made ~$1m
- Videos from yesterday’s reorg.wtf online summit
- Rabby browser extension (open source, forks at least some of MetaMask, caveat emptor)
- Ethereum miner revenue higher than Bitcoin for the 3rd consecutive month
Enterprise
- GoQuorum v21.7.0 – new consensus engine for the QBFT algorithm.
- Hyperledger Besu v21.7.2 – some hotfixes for London
Application layer – all the focus on London
- Louis Vitton launches “Louis the Game” with NFTs on Ethereum
- Oiler Network has an alpha on mainnet (with fake USDC) for 1559-enabled gas hedging
- A simple bill splitting app
- More Real World Assets for Maker: Matthew Rabinowitz starts Delaware trust for corporate office leases
- You can get ~7% fixed APR on USDC at Element (disclosure: Evan is an advisor; of course there’s code risk, but that’s a solid fixed rate)
Regulation/business/tokens
- US Senate drama: Yellen’s Treasury Dept glommed crypto regulations onto Biden’s trillion dollar infrastructure bill; Wyden (D-OR), Lummis (R-WY), Toomey (R-PA) amendment to make the anti-crypto regulations less bad, but Warner (D-VA), Portman (R-OH) and Sinema (D-AZ) create special carve out for PoW (and later other favored tech). Biden pushed Warner’s special carve out for PoW miners.
- Votes are supposed to be today, follow Jake Chervinsky on Twitter for updates. Currently it appears leadership is pressuring for a compromise
- Ryan Selkis compiled some undecided Senators: Lujan (D-NM), Collins (R-ME), Merkley (D-OR), Cantwell (D-WA), Bennett (D-CO), Manchin (D-WV), Markey (D-MA), Van Hollen (D-MD), Cortez Masto (D-NV), Rosen (D-NV), Gillibrand (D-NY), Cassidy (R-LA), Romney (R-UT), Hickenlooper (D-CO), Kelly (D-CO), Tuberville (R-AL), Hagerty (R-TN), Ossoff (D-GA)
- You can’t be tough on BigTech while trying to kill off alternatives to it
- SEC settles with DMM to disgorge profits from token sale and pay $125k individual fines
- JP Koning: stablecoins are regulated
- Justin Drake’s updated model for Eth supply and sell pressure reduction
- Vineyard Holdings: a DCF valuation model for Eth
- Nikhil Shamapant: 1559 and the triple halving thesis
General/crypto
- Facebook opensources Winterfell STARK prover/verifier
- If you’re doing a trusted SNARK setup, try this easy to use UI
- Online courses on Probabilistically Checkable Proofs and Interactive Proofs by Ale Chiesa and Tom Gur
- Blind signatures over elliptic curves explainer
- Apple inserts backdoor to scan your phone in violation of their privacy promise
- Google employees regularly browse your data
- Pplpleaser profile in Fortune
Job Listings
- Founding auditor at Yearn’s yAcademy, $10,000 referral reward if hired
- Solidity is hiring a C++ dev
- WalletConnect looking for Javascript/Typescript devs
- Rotki tracking and tax app hiring Python backend dev & Vue/Typescript dev
- Ethereum Foundation: Test Engineer for consensus and execution layers
- Nethermind internship program
Want to reach people experienced with Ethereum? List your job here. $345 per line (~75 character limit including spaces), payable in ETH (or 345 DAI or 345 USDC) to abcoathup.eth. Questions? abcoathup at-gmail
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Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-august-8-2021/
Dates of Note
Upcoming dates of note (new/changes in bold):
- Aug 12 – applications close for EF small grants for events
- Aug 13 – Sign in with Ethereum RFP extended deadline
- Aug 13 – Post-London assessment wallet/infra call
- Aug 17 – applications close for written pieces on public goods projects
- Aug 27-29 – Edcon (Shenzhen/online)
- Oct 1-3 – EthAtlanta enterprise-focused hackathon & keynotes
- Oct 22-24 – ETH Lisbon
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