Week in Ethereum News
March 23, 2024

Eth News and Links

Pectra (Prague + Electra) upgrade (meta EIP7600)

  • Latest all core devs – consensus (ACDC) call video. Notes from Christine Kim:
    • Proposal to set default local block boost to 10%
    • Pectra upgrade (small fork targeting late 2024)
      • EIP7251 maxEB (increase max effective balance): added to Pectra
      • EIP7547 IL (inclusion lists): considered for inclusion in Pectra, review in 4 weeks, doing both maxEB + IL increases upgrade complexity and deprioritizes peerDAS
      • EIP7659 increase blob throughput proposal to increase to target of 8 & maximum of 16 blobs per block (up from 3/6) over 4 months
      • Light client proposals: EIP7658 light client data backfill & EIP7657 sync committee slashings
    • P2P proposals: network shards, IDONTWANT control message & deprecate mplex
  • EIP7251 maxEB (increase max effective balance):
  • EIP7547 IL (inclusion lists):

Centralization watch: threatening the value of your ETH

Layer 1

Client Releases

  • Consensus layer:
    • Lighthouse v5.1.2: hotfix for block lookup duplicate requests and to stop propagation of slashings for slashed attesters 
  • Execution layer:
    • Erigon v2.59.0: post Dencun fixes
    • Reth v0.2.0-beta.3: fix critical in static files that could lead to inconsistent storage state


Layer 2


  • EIPs:
    • EIP7657: Sync committee slashings
    • EIP7658: Light client data backfill
    • EIP7659: Stepwise blob throughput increase
  • ERCs (application layer):
    • ERC7656: Generalized token-linked contracts

Stuff for developers




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): 16.4 to 121.8 gwei, with 32.4 gwei average
    • Zero net issuance currently at 22.8 gwei 
    • 7k ETH net burn this week
  • ETHUSD: $3,107 – $3,757, currently $3,305
  • ETHBTC: currently 0.052 (Flippening at ~0.16)

Notable at app layer

  • BlackRock USD institutional digital liquidity fund (BUIDL), stable token pays dividends in tokens monthly for qualified investors
  • Nexus Mutual bundled protocol cover, protection for multiple protocols under a single listing



  • Polygon PoS added secp256r1 curve precompile (RIP7212)
  • GoFetch: side channel attack using data memory-dependent prefetchers in Apple silicon

END OF SERVICE: plan to deprecate Week in Ethereum News

Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-march-23-2024

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