EtherWorld Weekly: 9th July, 2023

Ethereum News, World News, Highlights of ACDE Call 165, Tech Articles, Podcasts, Tech Explainers, ELI5 Explainers, Client Upgrades, Events & Jobs

EtherWorld Weekly: 9th July, 2023

Ethereum News

New Proposal to give more power to Ethereum Validators
Mikhail Kalinin recently proposed an amendment to the Engine API as part of the Deneb upgrade in the Ethereum blockchain.

Holesky Testnet with 1.7M validators will be Genesis ready by end of July
The Ethereum client teams have exceeded their initial goal of attracting 1.5 million validators, securing commitments for a total of 1.7 million validators.

Devnet 8 will be Dencun feature complete
Devnet 8 is expected to include an update to the precompile address, which was initially planned for Devnet 7.

Vitalik Buterin says Ordinals have revived ‘builder culture’ on Bitcoin
Buterin made the comments in a July 7 Twitter Space where he spoke at length with Bitcoin proponents Eric Wall and Udi Wertheimer about what Bitcoin developers could learn from Ethereum devs.

Vitalik Buterin names his least favorite aspect of crypto
He expressed his disappointment in those who perceive the main innovation of cryptocurrencies to be merely tokenization.

World News

Highlights of Ethereum Devs Call

  • An impact analysis on EIP 6466 and 6406 was done, aiming to determine the impact of these code changes on existing smart contracts.
  • The analysis revealed that LayerZero, zkBridge, and Telepathy could be impacted by the SSZ update, but upgradeability was possible in all cases.
  • Successful launch of Devnet #7 for the Cancun/Deneb upgrade was reported, identifying issues in client implementations which are being patched.
  • Developers discussed the necessity of including all Cancun/Deneb EIPs in their releases and passing necessary Hive tests in preparation for Devnet #8.
  • EIP 4788 is under modification to prevent excessive use of storage space, proposing the use of two ring buffers to bound the storage growth of the precompile.

Watch Here

Tech Articles

Dencun: Unveiling the Upcoming Network Upgrade with Finalized Specifications
Cancun EIPs: EIP-1153, EIP-4788, EIP-4844, EIP-5656 & EIP-6780 Deneb EIPs: EIP-7044 & EIP-7045 Engine API Changes & Additional Changes in Dencun specs

Exploring EVMMAX Proposals & BLS12-381
EVMMAX: EIP-5483, EIP-6601, EIP-5483 vs EIP-6601, EIP-6690 BLS12-381 Curve: EIP-2537, Operations, Applications

Highly Available Ethereum Nodes using N-Version Design
A research report by a team of KTH Royal Institute of Technology.

Why Ethereum Clients prefer SSZ over RLP?
After The Merge, Ethereum uses two serialization formats for its two underlined layers. Execution clients use RLP, whereas Consensus clients use SSZ for data storage and transmitting.

Transient Storage for Beginners
EIP-1153: Need, Effects, Pros & Cons, Future Plans


PEEPanEIP #111:Keeping up with #Deneb Specification with Gajinder Singh
In this PEEPanEIP call, Gajendra Singh provides a quick update about Ethereum's Dencun Fork.

Zero-Knowledge AI: The Frontier of Cryptography
This video showcases two conversations with prominent developers, Daniel Shorr from ZKML and Justin Drake from the Ethereum Foundation. While the topic of cryptography can rapidly become highly technical, it appears we're embarking on a new golden age of cryptography.

Can We Fire Gary Gensler? with Rep. Warren Davidson
This episode features Representative Warren Davidson, a U.S. Congress member and cryptocurrency advocate, discussing his effort to remove Gary Gensler and the implications of the "SEC Stabilization Act".

ERC-6551: Is This the Next Big Leap in NFT Innovation?
The new Ethereum standard, ERC-6551, addressed the limitations of the pioneering ERC-721 in NFTs, as outlined by Future Primitive's Benny Giang and Jayden Windle.

Circuit Breakers: Is ERC-7265 the Solution dApps Were Waiting For?
Crypto crime peaked in 2022 with $3.8 billion stolen, primarily from DeFi protocols. The proposed ERC-7265 offers a potential solution, introducing a 'circuit breaker' safety layer for DeFi contracts, which could enhance security, promote widespread DeFi adoption, and possibly lead to centralized protocols.

Tech Explainers

ETH Withdrawals: Everything You Need to Know
Validators, Ethereum's Validator Lifecycle, Types of Withdrawals, EIP-4895, How to make your Validator ready for Withdrawal?, EIP-4736 & Shapella Mainnet

The Future of Ethereum Goerli Testnet
What is Goerli Testnet?, Why Developers like Goerli?, Goerl Shapella, Future of Goerli Testnet & Holesky Testnet

How to Become Validator for Ethereum Blockchain?
Staking, Setup Node, Roles & Responsibilities

Client Diversity
Execution Layer, Consensus Layer, Why there is a need for multiple clients?, Advantages & Risks

Reth: Ethereum Execution Layer Client Written in Rust
Why new client?, Goals, Reth Book, Launch Date & Akula

ELI5 Explainers

We have tried to explain common ethereum blockchain concepts in under 60 seconds.

  1. What is an Ethereum Account?
  2. Externally Owned Accounts (EOAs) Vs Contract Accounts
  3. What is an Ethereum Transaction?
  4. Ethereum Transaction Lifecycle
  5. What is Ethereum Validator?

Readers can follow more short videos here.

Client Updates




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