Week in Ethereum News

Eth News and Links

EOF included in Pectra upgrade, largest upgrade ever planned (19 EIPs), likely targeting Q1 2025

All core devs

• All core devs – execution (ACDE) #189:
  • Pectra (Prague + Electra) upgrade:
    • Prague scope finalized after 6 months (Electra still to be finalized)
    • EOF included in Pectra
      • Nethermind, Besu, EthereumJS, Reth (EOF benefits) & Erigon support EOF before Verkle, Geth skeptical of upgrade size & priority of EOF
      • Discussed splitting Pectra, if EOF blocks Pectra move to separate upgrade
    • EIP7702 included in Pectra, replaces EIP3074, iterate on revocability design
    • Pectra-devnet-1: will include interop/devnet-0 spec changes, add EIP7702 (revocability may change) but exclude EOF (work on static tests first)
  • EIP158 state clearing: EOA with EIP7702 could be empty but have storage, may need to remove EIP158 either with EIP7702 or Verkle
  • EIP4444 history expiry: client teams working on Portal network but have competing priorities
  • ACD process improvements: new EIPs to be reviewed async, EIP proposed for inclusion (PFI) status to be used in upgrade planning

Pectra (Prague + Electra) upgrade

• Future of EOA/AA breakout #4 (EIP7702):
  • Concerns around revocability, use optional nonce unless alternative found (max nonce & nonce manager non-starters), signing address vs code discussion & wallet best practices
• Alex Stokes: PeerDAS & raising blob count, proposal to decouple layers for setting blob count and consensus clients to have maximum blob count flag for local block building

Osaka + F starname upgrade

• Verkle implementers call #18:
  • Conversion from Merkle state to Verkle took ~16 days, potential EIP158 issue with EIP7702, warming system contracts & gas cost updates to EIP4762

Centralization watch: threatening the value of your ETH

• 🚨 Lido at 28.92%, still 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

• ePBS
  • ePBS breakout #2: Prysm only client team to have started implementation
  • Terence: out-of-protocol timelines under ePBS, using MEV-Boost with ePBS is worst of both worlds
• Portal network summit: History network & Beacon network largely feature complete, State network initial phase targeting Devcon
• Gossipsub performance: network dynamicity through GRAFTs & PRUNEs

Client Releases

• Consensus layer:
  • Lodestar v1.19.0: flood publish disabled by default, Nodejs v22 default and AMD64 & ARM64 binaries
• Execution layer:
  • Erigon v2.60.1: set tracer-observable value of a delegatecall to match parent value
  • Geth v1.14.5: hotfix for peer discovery; v1.14.4: 5-7% faster block import speeds, ETH supply live tracer and default minimum tip dropped to 0.001 gwei
  • Reth v0.2.0-beta.9: fix for docker; v0.2.0-beta.8: ensure Fork Choice Updated messages not missed when pruner active & changes to support OP mainnet

For Stakers

• Anti correlation penalties to defend solo staker viability
• Toni Wahrstätter: MEV-Boost vs local block building, only small increase in APY

Layer 2

• Consensys Linea paused sequencer & censored Velocore attacker addresses
• Rollup.wtf dashboard: L2 real time performance showing TPS, MGas/s & KB/s

EIPs/Standards

• EIPs:
  • EIP7718: Portal Wire Protocol a framework for discv5
  • EIP7719: P2P History Network

Stuff for developers

• Foundry adds Vyper support: deploy, test, debug & write scripts
• Hardhat v2.22.5: adds limited support for blob transactions & hardhat-tracer reenabled
• Slither v0.10.3: reduces false positives & improves performance
• Snekmate (Vyper building blocks): module-friendly contracts, uses Vyper v0.4.0rc6
• Prool: simulate local/bundler/indexer node over HTTP for TypeScript test runners e.g. Vitest
• EVMole: improved accuracy in function argument extraction
• Contract read/write:
  • Etherscan NatSpec comments used in read/write contract tab
  • ABI Ninja: adds proxy support, interact without an ABI & shareable link for contracts
  • Evm.codes contract reader

Security

• Velocore (DEX) $6.8M exploit on zkSync & Linea via faulty logic
• Security Alliance (SEAL) partnership with Security Research Legal Defense Fund to assist whitehats using safe harbor agreement

Ecosystem

• Hackathon projects: ETH Belgrade, ETHDublin & ETHPrague
• Devcon scholars program for community organizers, law students/legal professionals, artists/sci-fi writers & builders, applications close July 7
• Interactive version of Ethereum roadmap

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Job Listings

• Nethermind: Preconfirmations Senior Engineer, Protocol Researcher, Site Reliability Engineer, Research Engineer – Starknet & Senior Marketing Manager
• Gnosis is hiring: Discord Moderator and Senior Web3 Software Dev (Wallet)
• IMC: Quant Developer for DeFi and MEV focused team
• Alchemy – Wallet Services: Engineering Manager and Full-Stack Engineer
• Privacy and Scaling Explorations: ZK Circuits Engineer
• ChainSafe: Head of Protocol Engineering, DevRel – Sygma and more jobs

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

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Onchain stats

• Gas fees (via ultrasound.money): 3.2 to 115.8 gwei, with 12.4 gwei average
  • Zero net issuance currently at 23.4 gwei 
  • 8k ETH net issuance this week
• ETHUSD: $3,642 – $3,874, currently $3,686
• ETHBTC: currently 0.053 (Flippening at ~0.16)

Notable at app layer

• IYK platform public, link physical items to digital using NFC chips

Regulation/business/tokens

• Stand with Crypto US reached 1M members
• Appellate court slaps down SEC regulatory overreach
• Evolved Apes creators charged in alleged NFT rug pull
• Matter Labs (zkSync) dropping all trademark applications for ZK term

General

• CoinGecko data breach via third-party email platform; name, email, IP & location of email opens compromised 

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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-8-2024

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Upcoming Dates of Note

(new/changes in bold)

• Jun 11 – PeerDAS breakout #1
• Jun 14 – EF EIP4844 data challenge deadline
• Jun 21-23 – ETHKyiv hackathon & conference
• Jul 7 – Devcon scholars program deadline
• 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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