Eth News and Links
Stakers can increase gas limit to 36M
Eth R&D protocol call (All Core Devs)
- Consensus layer focused protocol call (ACDC #147):
- Pectra upgrade:
- Mekong testnet: stable, gas limit increased to 36M
- Gas limit increase: restricted by gossip limit, consensus layer teams to check spec conformity & consider how best to handle gas/gossip limits, gossip limit won’t be increased for now
- Pectra-devnet-5 spec:
- Aim to launch over the holidays
- EIP7742 uncouple blob count between CL/EL: replaced by EIP7840 execution layer config to set max & target blob count
- EIP7251 max effective balance: minor changes
- EIP7762 increase min base fee: not included, L2s work around
- EIP2537 BLS precompile: gas repricing proposed, final MSM benchmarks required before ACDE next week
- Fusaka upgrade:
- PeerDAS rebasing on top of Pectra
- CFI/SFI statuses: considered for inclusion (CFI) EIPs should be in a future upgrade devnet & scheduled for inclusion (SFI) EIPs will be in the next upgrade devnet
- Pectra upgrade:
Pectra (Prague + Electra) upgrade
- Client testing call #16: Mekong testnet 98% participation, minor changes in pectra-devnet-5 spec and consensus layer client teams discussed gossip limit
Fusaka (Osaka + Fulu) upgrade
- EOF implementers call #63: Solidity working on EOF as experimental feature and discussed metadata section
Layer 1
- Toni Wahrstätter: increase gas limit to 36M, beyond 40M currently unsafe due to gossip limit, review again after Pectra upgrade
- Prysm cannot set gas limit through validator client currently
- FOCIL breakout #1: consensus layer spec relatively stable, aim for devnet at end of January
- L1 R&D workshops: notes from pre-Devcon workshops
Research
- Execution Tickets evaluated using agent-based simulation: validator decentralization & MEV capture is promising but questions remain for builder centralization, off-chain agreements & multi-block MEV
- EF academic grants round: summary of 39 completed & in progress results from 2022 grants
Centralization watch: threatening the value of your ETH
- 🚨 Lido at 28.4%, still too close to 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~43% & Nethermind ~36% (estimate based on 74% self reported data)
- 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
Client Releases
- Consensus layer:
- Execution layer:
- Besu v24.12.0: breaking changes including metric name updates
- Erigon v3.0.0-alpha6: default mode changed from archive to full node, adds minimal prune mode for low disk space users and performance improvements
- Nethermind v1.30.0: default gas limit increased to 36M and adds Taiko & Linea L2 support; v1.30.1: startup fix
- Reth v1.1.3: breaking API changes, adds NodePrimitives (primitive trait abstraction) to several components; v1.1.4: op-reth fix
Layer 2
- RollCall #9 (L2 standards):
- Pectra upgrade: L2s don’t use or can work around fee history being removed and are are ok with not including EIP7762 as they work around min blob base fee
- Overview of L2 execution common core project
EIPs/Standards
- EIPs (Ethereum improvement proposals):
- ERCs (application layer):
Stuff for developers
- Ape v0.8.22 (Python contract framework): 2x faster checksumming, updated isolation and adds support for web3.py v7 & python v3.13
- Heimdall-rs v0.8.5: adds LLM postprocessing to decompiler
- CTFs:
- Secureum RACE #35: answers to 8 question Solidity quiz
- Safe multisig transaction hashes (Bash script): adds support for offchain message hashes
Security
- Clober (DEX) $500k exploit on Base via reentrancy
- 1inch resolver contract exploit via private key compromise
- Radiant Capital October $50M exploit update, developer shared zipped PDF containing macOS malware received from impersonator of former contractor
Job Listings
- Mimic: Tech Lead Engineer
- Vyper (Pythonic EVM language) seek a DevRel
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
- Fees (via ultrasound.money):
- Gas: 6.1 to 226.6 gwei, 18.7 gwei average; zero net issuance at 24.1 gwei
- 4.4k ETH net issuance this week
- ETHUSD: $3,538 – $4,021, currently $3,921 all time high $4,878
- ETHBTC: currently 0.039 (Flippening at ~0.164)
Ecosystem
- ETHIndia top ten hackathon projects
Notable at app layer
- Sablier Flow: open-ended streams with top ups for recurring payments
General
END OF SERVICE: plan to deprecate Week in Ethereum News
Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-december-14-2024
Upcoming Dates of Note
(new/changes in bold)
- Dec 20 – ETH Rangers application deadline
- Jan 20 – Ethereum protocol attackathon ends
- Jan 30-31 – EthereumZuri.ch conference
- Feb 23 – Mar 2 – ETHDenver
- Apr 4-6 – ETHGlobal Taipei hackathon
- May 9-11 – ETHDam (Amsterdam) conference & hackathon
- May 27-29 – ETHPrague conference
- May 30 – Jun 1 – ETHGlobal Prague hackathon
- Jun 3-8 – ETH Belgrade conference & hackathon
- Jun 12-13 – Protocol Berg (Berlin) conference
- Jun 16-18 – DappCon (Berlin)
- Jun 26-28 – ETHCluj (Romania) conference
- Jun 30 – Jul 3 – EthCC (Cannes) conference
- Jul 4-6 – ETHGlobal Cannes hackathon
- Aug 15-17 – ETHGlobal New York hackathon
- Sep 26-28 – ETHGlobal New Delhi hackathon
- Nov – ETHGlobal Devconnect hackathon
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