Week in Ethereum News




Week in Ethereum News
November 18, 2023

Eth News and Links

Dencun (Cancun + Deneb) upgrade

  • Latest all core devs – consensus (ACDC) call video. Notes from Christine Kim:
    • Blob sidecar inclusion proof: ~2 more weeks to implement
    • Devnet-12 proposed for end of November, no date yet for Goerli
    • Péter Szilágyi’s EL client diversity proposal: run one client & statelessly cross-validate with other clients

Centralization watch: threatening the value of your ETH

  • 🚨 Lido at 31.41% is still far too close to 33.3% threshold
  • Client diversity (via clientdiversity.org):
    • Execution layer: Geth ~85% supermajority, could possibly cause a chain split
    • Consensus layer: Prysm 43% & Lighthouse 34%, any client bug over 33.3% could mean loss of finality
  • Geographic diversity needed, particularly outside of North America & Europe
    • Ulisse (geographical distribution of nodes): 3k locations & 11k nodes

Layer 1

  • libMEV: MEV searcher data, beta

Client releases

  • Consensus layer:
    • Teku v23.11.0: added validator duties timing metrics, increased default number of threads for batch signature verification and added checkpoint-sync-url CLI option
  • Execution layer:
    • Besu v23.10.2: upgrades vulnerable dependencies
    • Erigon v2.54.0
    • Geth v1.13.5: fixes potential data corruption in path scheme during power failure

Layer 2

  • Vitalik: return of Plasma, extending to the EVM using validity proofs
  • Lattice Redstone: Plasma-inspired data availability on top of OP Stack, live on testnet
  • L2BEAT Liveness dashboard: display of batch submission & state update intervals and recent anomalies

EIPs/Standards

  • EIPs
    • EIP7557: Block-level warming (of addresses & slots with access lists)
  • RIPs (Rollup Improvement Proposals)
    • Meta RIP7559: RIP purpose and guidelines
    • RIP7560: Native account abstraction
  • ERCs (application layer):
    • ERC7558: Batch (lock/unlock) minimal soulbound NFTs (ERC721 extension)
    • ERC7561: Simple NFT (subset of ERC721)
    • ERC7562: Account abstraction validation scope rules

Stuff for developers

  • Foundry
    • forge-std v1.7.2: new cheat codes: loadAllocs (set state for accounts from JSON), eth_getLogs & rpc (arbitrary RPC call)
  • ENS EVM Gateway: generic CCIP-Read gateway for reading & verifying data from L2 contracts
  • Trail of Bits roundme: recommends whether an arithmetic operation needs to round up/down
  • EVM Hound: Rust library to extract potential function selectors from bytecode
  • AI agent demo, send transactions on Base using OpenAI & Syndicate

Security

Ecosystem

Onchain stats

  • Gas fees (via ultrasound.money): 14.4 to 239.1 gwei, with 33.9 gwei average
    • Zero net issuance currently at 21.8 gwei 
    • 9.1k ETH net burn this week
  • ETHUSD: $1,912 – $2,101, currently $1,961
  • ETHBTC: currently 0.054 (Flippening at ~0.16)

Notable at app layer

  • ZKP2P: USD onramp to Base using Venmo, alpha
  • Fireblocks balance verification Chrome extension, uses Lodestar light client, experimental
  • Gitcoin Grants matching updated, Passport score of 15 gives 50% match, 25+ gives full match

Job Listings

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

Regulation/business/tokens

General

Follow @WeekinEthNews to find out what the most clicked links are. Follow @abcoathup and @evan_van_ness to get most of the week’s news in real time.

Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-november-18-2023

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