Week in Ethereum News November 16, 2024

Devconnect in 2025 & Devcon in 2026, Justin Drake’s beam chain proposal and Virgil Griffith coming home in April

Layer 1

• FastEthereumCrawler: node discovery v5 (discv5) crawler based on Nim implementation

Research

• Justin Drake: beam chain proposal , upgrade consensus layer with a batch of features in ~2029 for faster slots, faster finality, SNARKs & quantum security
• Anders Elowsson: consolidation incentives in Orbit single slot finality

Centralization watch: threatening the value of your ETH

• Lido at 27.9%, 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:
  
  • Lodestar v1.23.0: Mekong testnet support & fix for CPU illegal instruction compatibility issue

Layer 2

• Lisk (former alt-L1) migrated to OP Stack

EIPs/Standards

• EIPs (Ethereum improvement proposals):
  
  • EIP7814: Introspection precompiles
• ERCs (application layer):
  
  • ERC7815: Swap order routing interface
  • ERC7816: Schnorr signature scheme for EVM Applications
  • ERC7817: Dapp security policy
  • ERC7818: Expirable ERC20 

Stuff for developers

• OpenZeppelin community contracts (Solidity): experimental contracts, co-developed libraries & newer ERC implementations; unaudited
• Coinbase smart wallet spend permissions: request to spend native & ERC20 tokens for 1-click/no-click user experience
• DuneScan: block explorer in Dune
• CTFs:
  
  • OpenZeppelin Ethernaut new levels: impersonator & magic animal carousel
  • Secureum RACE #34: answers to 8 question Solidity quiz
• 0xPARC Provable Object Datatype (POD): used in Zupass, FrogCrypto & Meerkat

Security

• DeltaPrime $4.8M exploit on Arbitrum & alt L1, attacker then staked stolen funds
• Red Guild: Phishing Dojo, interactive quiz on identifying phishing attacks

Ecosystem

• Devcon videos
• Devconnect next up in 2025 & Devcon in 2026, suggest a location
• Evan’s dumbing down of Vitalik’s roadmap explainers: the Verge, the Purge & the Splurge

Job Listings

• Nethermind: Auditor, Agent Engineer, Content Marketing Manager & Researcher
• 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: 4.4 to 131.5 gwei, 24.5 gwei average; zero net issuance at 24.3 gwei 
  • 0.3k ETH net burn this week
• ETHUSD: $2,967 – $3,396, currently $3,096, all time high $4,878
• ETHBTC: currently 0.034 (Flippening at ~0.164)

Notable at app layer

• ERC4337 shared user operations pool live on mainnet, Arbitrum & OP mainnet
• Vitalik: info finance category, includes prediction & decision markets

Regulation/business/tokens

• Polymarket CEO raided by FBI
• SEC sued by 18 states for regulatory overreach in crypto
• US Attorney’s Office SDNY devoting fewer resources to harass crypto
• ETH ETF net positive lifetime inflows
• Rekt: CryptoPunks & NFT influencers

General

• Virgil Griffith coming home in April

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-16-2024

(new/changes in bold)

• Dec 4-5 – Columbia CryptoEconomics workshop (New York)
• Dec 6-8 – ETHIndia hackathon
• Jan 30-31 – EthereumZuri.ch conference
• Feb 23 – Mar 2 – ETHDenver
• May 9-11 – ETHDam (Amsterdam) conference & hackathon 
• May 30 – Jun 4 – ETH Belgrade hackathon & conference
• Jun 12-13 – Protocol Berg (Berlin)
• Jun 16-18 – DappCon (Berlin)
• Jun 26-28 – ETHCluj (Romania) conference
• Jun 30 – Jul 3 – EthCC (Cannes) conference

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