- Ropsten Beacon Chain is now live and Ropsten merge announcement
- Mainnet Shadow fork 6 happening today
- MakerDAO is now connected to StarkNet
- Why LSD not safely exceeding consensus thresholds be an issue for PoS protocol
- Immutable has submitted a proposal to Ape Coin DAO
- Public MEV explorer launched
Ropsten Beacon Chain is now live and Ropsten merge announcement
Ropsten beacon chain is live!— parithosh | 🐼👉👈🐼 (@parithosh_j) May 30, 2022
We've finalized as expected and the chain is chugging along till the un-announced TTD.
Users can join the chain and practice running their nodes!
Initial docs: https://t.co/1eWE3TvS3v
If you make docs/vids/etc do tag me and #TestingTheMerge pic.twitter.com/o48WDqHqH8
As we know that the TTD has now been increased to a large number which will take years to reach . (Check out Ethereum Bulletin #6 to know more )The TTD which has been set right now is not the actual TTD , it is just a value which is set for the time being before the actual TTD is announced on the chain. But due to that incident of TTD reaching earlier than expected the Ropsten chain was halted for a while which is now live again.
Ropsten will be the first longstanding testnet to run through The Merge. The Chain will upgrade to merge-compatible protocol rules (Bellatrix), expected on June 2, 2022. After this, a Terminal Total Difficulty (TTD) will be chosen to activate The Merge on the proof-of-work chain. Node Operators will need to manually set this value on their clients.
Another announcement with the exact Terminal Total Difficulty to use for the Ropsten Merge will be on June 3, 2022. Users should expect this TTD value to be hit a few days after it is chosen, and should be ready to configure their clients accordingly on short notice.
📣 Ropsten Merge Announcement 📣— Tim Beiko | timbeiko.eth 🐼 (@TimBeiko) May 30, 2022
Ethereum's longest lived PoW testnet is moving to Proof of Stake! A new beacon chain has been launched today, and The Merge is expected around June 8th on the network.
Node Operators: this is the first dress rehearsal💃https://t.co/0fDHObLOmn
Mainnet Shadow fork 6 happening today
Shadow Forking refers to using data from a testnet or the mainnet to test sync assumptions for a network upgrade, so that developers can test features before deploying the actual upgrade to the mainnet. The team will be using the same config as Ropsten. Then, around June 8th, the Ropsten public testnet will go through The Merge transition. Checkout Ethereum Testnets after The Merge for information on available testnets.
Mainnet shadow fork 6 happening today 🐼— sassal.eth 🦇🔊🐼 (@sassal0x) May 31, 2022
MakerDAO is now connected to StarkNet
StarkNet is a ZK-Rollup (L2).Its goal is to move computation out of the Ethereum main chain (L1) and send validation proof to it for quick validation. It uses a specific proof called the STARK for the same . The collaboration will enable Dai transfers between StarkNet and Ethereum .
Maker is now connected to StarkNet ✨ The StarkNet Dai Bridge is live on https://t.co/i0n0h6ho2D!— MakerDAO Growth (@MakerGrowth) May 30, 2022
↔️ This is the official Maker implementation that enables Dai transfers between StarkNet and Ethereum@StarkWareLtd 🤝 Dai
🌌 How does it work? Here is a friendly explanation:
Why LSD not safely exceeding consensus thresholds be an issue for PoS protocol
LSD protocols have inherent issues when they exceed consensus thresholds.These issues are explained by Dannyryan . These can be the possible issues which Ethereum PoS can face in the future so Liquid staking derivatives (LSD) such as Lido and similar protocols have to take certain actions to combat these challenges.
The Risks of LSDhttps://t.co/NxCA7nQmKE— dannyryan 🧱🔥 (@dannyryan) May 30, 2022
Why Liquid Staking Derivatives cannot safely exceed consensus thresholds
Immutable has submitted a proposal to Ape Coin DAO
Immutable X is the first cross-liquidity scaling protocol for NFTs on Layer 2. The platform is built on StarkWare's layer 2 engine, leveraging zero-knowledge technology to achieve significant scalability on top of Ethereum without compromising on security or decentralization.Ethereum is the secure blockchain and is where the majority of NFT network effects are; particularly in gaming. The only way for ApeCoin to take full advantage of Ethereum's unrivaled benefits AND provide a seamless UX (e.g. 0 gas, instant trade settlement, mass-liquidity, and Ethereum security) is via Layer 2s. ImmutableX has proposed a collaboration offer for Ape Coin DAO.In addition to being ApeCoin's Trusted Settlement Layer, Immutable X will be a strategic partner - consulting the ApeCoin community cross web3 economy building, game mechanics, marketing and design as the Yugaverse continues to innovate and provide world building experiences to the ApeCoin community – all at planet Ape scale.
.@immutable has submitted its proposal to the @apecoin DAO.— Robbie Ferguson ⓧ - Hiring! (@0xferg) May 27, 2022
BAYC was born on Ethereum, and it should live here.
L2 scaling can offer autonomy, security and scale while staying on the world’s best blockchain. https://t.co/hqfzPpP9jf#KeepApesOnEth
Public MEV explorer launched
MEV is most commonly linked with miners, but it is not a Proof-of-Work nor an Ethereum-specific problem. Today, the majority of MEV extraction comes from searchers.
Searchers are Arbitrage Traders and Bot Operators who are actively seeking and discovering MEV chances on-chain and capturing them in various ways, whereas miners only earn from these traders' transaction fees.
MEV is present on all blockchains that support smart contracts: Miners and validators tend to choose and arrange transactions based on the highest gas price or transaction fees as they search for profit. They are in-charge of choosing and grouping transactions into blocks.
There are many MEV explorers in the ecosystem but this newly launched explorer is simple to use .
✨ Introducing "MEV Explorer": the easiest way to start discovering MEV on the blockchain.https://t.co/d9MAHxoCl8— Timur Badretdinov (@DestinerX) May 30, 2022
Read more about Ethereum in previous Bulletins -Ethereum Bulletin
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