Eth News and Links
PeerDAS included in Pectra upgrade but with separate activation epoch, proposal to extend ENS to Layer 2 & Biden vetos congressional disapproval of SEC SAB 121
All core devs
- All core devs – consensus (ACDC) #134. Notes from Christine Kim:
- Pectra (Prague + Electra) upgrade:
- Discussion on when/what to ship:
- Options included splitting Pectra (Lodestar proposal) or replacing EIPs with PeerDAS
- EIP7594 PeerDAS: included in Pectra but with separate activation epoch to allow moving to a later upgrade if needed
- Blob size increase: no decision (blob target of 3 reached this week)
- EIP7688 change SSZ data to StableContainer: no decision, discuss at next ACDC, need more implementation progress
- Discussion on when/what to ship:
- Pectra (Prague + Electra) upgrade:
- Tim Beiko: process improvement proposals for All Core Devs, network upgrades & Eth Magicians, discuss at next ACDE
Pectra (Prague + Electra) upgrade
- Future of EOA/AA breakout #3: EIP7702 refinements to be merged, next breakout June 5 to discuss potential changes, ERC-standardized proxy contract & wallet best practices
Osaka + F starname upgrade
- Verkle progress, best case ~2025
Centralization watch: threatening the value of your ETH
- 🚨 Lido increased to 29%, too close to 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~55% majority
- Consensus layer: Prysm 38%
- Any client bug over 33.3% could mean loss of finality
- Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
- Péter Szilágyi: full node space requirements, 800GB for blocks & receipts + 250GB for active state & Geth snapshots
- Proposed issuance reduction FAQ
- Blob impact on reorgs, increasing by 2.3 blobs increases reorg probability to 0.59%
- Gossipsup performance in P2P, average effectiveness ratio is more than 1:10 across topics
- Terence: delayed execution, benefit of pipelining consensus & execution in ePBS
Client Releases
- Execution layer:
- Besu v24.5.2: default Bonsai storage mode to use code storage by code hash & use flat db and new RPC methods to get/set vanity extra data in a built block
For Stakers
- Obol staking mastery program to develop educational leaders
Layer 2
- Base gas target increased to 7.5 Mgas/s
- OP Stack custom gas token, beta
- Taiko live, plans to become optimistic-zk hybrid based rollup
- L2BEAT: Layer 3 projects TVL
- Ed Felten: selling MEV separately can give more revenue than shared MEV auctions
- Vitalik: Layer 2s as cultural extensions of Ethereum
EIPs/Standards
- EIPs:
- EIP7716: Anti-correlation attestation penalties
- ERCs (application layer):
- ERC7717: Deterministic AA wallet
Stuff for developers
- Compiler fingerprinting using bytecode-specific heuristics
- Runtime Verification Simbolik: Solidity debugger VS Code extension, private beta
- 0xngmi Etherscan verification: verify an already verified contract on another chain
- RareSkills: guide to ABI encoding for function calls
- Ape v0.8.0 (Python contract framework): major refactor
- Tevm (TypeScript EVM toolkit): in browser devnet & Solidity scripting
- TracEVM: track values & addresses of slots in a contract
- R55: Rust contract compiled to RISCV bytecode run inside an execution client
- CTFs:
- OpenZeppelin Ethernaut new level: Stake
- Red Guild: devcontainers, preconfigured dev sandbox in a Docker container
Security
- Normie token exploit on Base, via transfer function check for balance matching team wallet
Ecosystem
- ETHBerlin hackathon winners
- Devcon supporter program to assist impact teams with free tickets
Job Listings
- Alchemy – Wallet Services: Engineering Manager and Full-Stack Engineer
- ChainSafe: Head of Protocol Engineering, DevRel – Sygma and more jobs
- Privacy and Scaling Explorations: ZK Circuits Engineer
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
- Gas fees (via ultrasound.money): 2.1 to 75.6 gwei, with 10.4 gwei average
- Zero net issuance currently at 23.3 gwei
- 9k ETH net issuance this week
- ETHUSD: $3,712 – $3,959, currently $3,758
- ETHBTC: currently 0.056 (Flippening at ~0.16)
Notable at app layer
- ENS Labs ENSv2 proposal to extend to Layer 2 (either select an L2 or create their own)
- Uniswap Foundation postpone fee reward vote
- MEV scanner: reports amount of MEV for an address via website, X/Telegram/Discord bot
Regulation/business/tokens
- Biden vetos congressional disapproval of SEC Staff Accounting Bulletin 121 that precluded banks offering crypto custody
- Democrats still doing anti crypto actions, despite recent campaign outreach
- SEC ordered to pay $1.8M in legal expenses for “bad faith” crypto lawsuit
- US Treasury NFT risk assessment, rarely used for terrorist financing, susceptible to use in fraud/scams & being stolen
- SEC Commissioner Peirce proposes opening UK sandbox to US
- Former FTX executive Ryan Salame sentenced to 7.5 years
- Matter Labs (zkSync) applied for ZK trademark
General
- Vitalik: Bitcoin block size war reflections, embrace new tech or stagnate
- SPDZ: colab notebook for generic MPC scheme split into preprocessing & online phases
- Length Extension Attacks: hash functions using Merkle–Damgård construction are vulnerable
- Ticketmaster data breach via third-party cloud database provider
- Reminder: Week in Ethereum News (ES): Spanish translation of the newsletter
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-june-1-2024
Upcoming Dates of Note
(new/changes in bold)
- Jun 14 – EF EIP4844 data challenge deadline
- Jun 21-23 – ETHKyiv hackathon & conference
- Jul 8-11 – EthCC (Brussels) conference
- Jul 12-14 – ETHGlobal Brussels hackathon
- Jul 29-30 – EDCON Tokyo conference
- Aug 2-4 – Ethereum Argentina conference & hackathon
- Aug 15-17 – Ethereum Uruguay hackathon & conference
- Aug 23-Sep 13 – ETHGlobal ETHOnline virtual hackathon
- Aug 23-26 – ETHTokyo hackathon & conference
- 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 – 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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