Eth News and Links
Eth R&D protocol call (All Core Devs)
- Consensus layer focused protocol call (ACDC #145):
- Pectra upgrade:
- Pectra-devnet-4: testing going well
- Mekong testnet: Pectra public testnet live with devnet-4 spec
- Pectra-devnet-5: minor spec changes merged, still finalizing spec
- EIP7742 uncouple blob count between CL/EL: agreed simple change to blob base fee calculation but would be asymmetric if target increased to 4 with max 6 blobs per block
- Symmetric blob base fee adjustments could be made in Fusaka upgrade with PeerDASÂ
- Pectra upgrade:
Pectra (Prague + Electra) upgrade
- Weekly testing call #11: fusaka-devnet-0 with EOF still ~1 week away
Fusaka (Osaka + Fulu) upgrade
- PeerDAS breakout #11: peerdas-devnet-3 died after a 100k slot reorg, peerdas-devnet-4 planned for end of November, will rebase on Pectra
- EOF implementers call #61: spec change discussions
Amsterdam upgrade
- Kaustinen-7 (Verkle testnet) live, use lodestar-quickstart to sync locally
Layer 1
- Terence: blob transactions in FOCIL (Fork-Choice enforced Inclusion Lists) using execution layer blob pool
- GossipSub potential improvements for large message handling
Centralization watch: threatening the value of your ETH
- 🚨 Lido at 27.8%, still too close to 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~52% majority
- Consensus layer: Prysm 37% & Lighthouse 33.3%
- 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:
For stakers
- Validator penalty simulator: visualize slashing & inactivity penalties on a single validator
- Rocket Pool Saturn 0 upgrade: 8 ETH mini pools with no RPL required
Layer 2
- Base fault proofs live, to become a stage 1 rollup final step is using a security council for upgrades
- Blob burn simulator: visualize the impact of blob usage on ETH burn
EIPs/Standards
- EIPs (Ethereum improvement proposals):
- ERCs (application layer):
Stuff for developers
- Argot collective: dev tools including Solidity & Sourcify spinning out of EF as a non-profit with 5-10 years of funding
- Vyper (language) security: audit coverage for key parts of codebase & ABI decoder fuzzer
- Tornado Cash (rebuilt): Foundry project with latest versions of Circom & snarkJS, for educational purposes
- Swiss knife contract diff: compare verified contracts across chains using Etherscan API v2
- Based agent: create AI agent using Coinbase developer platform & OpenAI
- CTF:
- Bank challenge: sequence of 5 Solidity challenges using Foundry
Security
- Security Alliance (SEAL) wargames drill scenario template
Ecosystem
- More Vitalik explainers on Ethereum roadmap:
- Reduce storage & complexity (the Purge): history expiry, state expiry and feature cleanup
- Fix everything else (the Splurge): EVM improvements, account abstraction, EIP1559 improvements, verifiable delay functions (VDFs) and obfuscation + one-shot signatures
- Evan’s dumbing down of Vitalik’s roadmap explainers: the Merge & the Surge
- ETHSydney hackathon projectsÂ
Enterprise
- Shift4 enabling merchants to accept crypto, converted & settled in fiat, pilot Q4, rollout 2025
- UBS asset management launches tokenized investment fund
Job Listings
- Executive Director for Enterprise Ethereum Alliance
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
- Fees (via ultrasound.money):
- Gas: 2.4 to 39.2 gwei, 8.8 gwei average; zero net issuance at 24.3 gweiÂ
- 11.6k ETH net issuance this week
- ETHUSD: $2,434 – $2,720, currently $2,514, all time high $4,878
- ETHBTC: currently 0.036 (Flippening at ~0.164)
Notable at app layer
- Synthetix proposal to acquire Kwenta after spinning it out in 2020
- Limit Break wrapped native: updated WETH deployable on EVM chains with same addressÂ
- Tee_hee_he: AI agent on X run in TEE
- Wallet security ranking: mobile & browser wallets evaluated against a checklist
Regulation/business/tokens
- Immutable received Wells notice from SEC
- US Treasury: crypto & Treasury markets presentation, benefits/risks of tokenizing TreasuriesÂ
- Roman Storm trial moved to April
- Temporary restraining order filed against Aragon for ANT redemption
- Panama foundation vs Cayman-BVI explainer for token launches
- Layoffs: Consensys 20%, Kraken 15% & dYdX 35%
General
- Lottie player (JavaScript animation) supply chain attack injected wallet drainer
- 1inch amongst impacted projects
- MrBeast onchain activity analyzed
- M2 (UAE exchange) $13.7M stolen from hot wallets
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-november-2-2024
Upcoming Dates of Note
(new/changes in bold)
- Nov 6 – Gitcoin Grants 22 ends
- Nov 12-15 – Devcon 7 – Southeast Asia (Bangkok)
- Nov 15-17 – ETHGlobal Bangkok hackathon
- Dec 4-5 – Columbia CryptoEconomics workshop (New York)
- Dec 6-8 – ETHIndia hackathon
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