Eth News and Links
Eth R&D protocol call (All Core Devs)
- Eth R&D protocol call focused on execution layer (ACDE #198):
- Pectra upgrade:
- Pectra-devnet-3: issues being found & fixed
- Pectra-devnet-4: plan to launch next week
- EIP2537 BLS precompile: breakout to finalize gas pricing & specs
- Public testnet: launch by Devcon
- Proposed EIPs:
- EIP7783 gradually increase gas limit: can implement without an upgrade
- EIP7782 reduce slot time to 8 seconds: alternative to raising blob count
- EIP4444: Nethermind continuing Portal network integration
- Pectra upgrade:
Pectra (Prague + Electra) upgrade
- Base blob increase proposal: recommends target of 5 & max of 8 blobs (up from 3/6), implementing engine_getBlobsV1 & IDONTWANT and disabling flood publishing
- Consensus-specs v1.5.0-alpha.8: pectra-devnet-4 target
- Weekly testing call #8
Fusaka (Osaka + Fulu) upgrade
- Peerdas-devnet-3: launched with peerdas-devnet-2 spec, issue caused clients to be on different forks
Centralization watch: threatening the value of your ETH
- 🚨 Lido at 27.9%, moving away from 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~52% majority
- Consensus layer: Prysm 36%
- Any client bug over 33.3% could mean loss of finality
- Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
- Vitalik: surgical EVM scaling, EVMMAX + SIMD and reduce some opcode gas costs
- EIP7732 ePBS:
- ePBS breakout #11: Prysm aim to launch devnet in 2 weeks
Research
- Fork-Choice enforced Inclusion Lists (FOCIL):
- Terence: transaction invalidation in FOCIL & impact on block producers/verifiers
- Uncrowdability of FOCIL: outsourcing inclusion list construction rights is not individually profitable
- Silent threshold encryption combined with ZK or TEEs to remove MEV-Boost relays
Client Releases
- Consensus layer:
- Execution layer:
Layer 2
- Flashbots Rollup-Boost: block building using TEEs, starting with 250ms Flashblocks (partial blocks) and priority ordering
- L2 standards meeting (RollCall #8): RIP7755 cross-L2 calls presentation, Pectra upgrade expected Q1 2025 (optimistically February) & upcoming breakout on future of EVM on L2
EIPs/Standards
- EIPs (Ethereum improvement proposals):
- ERCs (application layer):
- ERC7785: Onchain registration of chain identifiersÂ
Stuff for developers
- Solidity v0.8.28: adds transient storage state variables for value types, generates JSON for Yul ASTs on demand to reduce memory usage and adds ability to request bytecode/IR for subset of contracts
- RareSkills: storage slots for dynamic types in Solidity (mappings, arrays, strings & bytes)
- Circom v2.2.0: adds buses (groups related signals under one name)
- Circuitscan: submit/browse verified Circom circuits
Security
- EigenLayer $6M stolen via compromised investor email thread, token vesting not enforced onchain but via legal documents
Ecosystem
- Ethereum Foundation EcoDev research fellowships (6 months), deadline November 15
- Hackathon projects: Ethereum Kuala Lumpur & ETHRome
Enterprise
- Stripe Pay with Crypto: US businesses can accept USDC on mainnet, settled in USD
Job Listings
- Sigma Prime is hiring Rust developers and security engineers. Remote roles!
- Executive Director for Enterprise Ethereum Alliance
- Nethermind InfoSec Head, Sr Dev, SRE Lead, Sr Embedded Dev & UX UI designer
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
- Fees (via ultrasound.money):
- Gas: 1.9 to 129.9 gwei, 15.1 gwei average; zero net issuance at 24.3 gweiÂ
- 7k ETH net issuance this week
- ETHUSD: $2,346 – $2,504, currently $2,440, all time high $4,878
- ETHBTC: currently 0.039 (Flippening at ~0.164)
Notable at app layer
- ZKP2P Tickets: lower fee secondary market for Ticketmaster, zk proof of transfer
Regulation/business/tokens
- SEC:
- Crypto.com received Wells notice
- Cumberland DRW charged for allegedly operating as an unregistered dealer
- FTX bankruptcy plan approved, customers to receive cash for 118% on average of holdings value at the time of bankruptcy
- FBI charge projects & market makers for market manipulation & wash trading, NexF token created on mainnet as part of investigation
General
- TD Bank plead guilty to US Bank Secrecy Act & money laundering conspiracy violations, $1.8B in penalties, no individuals charged
- US broadband attack linked to China, may have had access to wiretap infrastructure
- Internet Archive Wayback Machine offline after DDoS attack & data breach
- WHIR: IOP of proximity for constrained Reed-Solomon codes, verifier runs in hundreds of microseconds
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-october-12-2024
Upcoming Dates of Note
(new/changes in bold)
- Oct 16 – Gitcoin Grants 22, OSS application deadline
- Oct 17-19 – ETHSofia conference & hackathon
- Oct 18-20 – ETHGlobal San Francisco hackathon
- Oct 25-27 – ETHSydney hackathon
- Nov 12-15 – Devcon 7 – Southeast Asia (Bangkok)
- Nov 15-17 – ETHGlobal Bangkok hackathon
- Dec 6-8 – ETHIndia hackathon
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