Ethereum News

  • EIPsInsight Shortlisted for Octant Epoch 6: A Step Towards Empowering Ethereum Development

    • EIPsInsight, a platform offering insights into Ethereum Improvement Proposals (EIPs), has been shortlisted for Octant Epoch 6. This is a pivotal opportunity for EIPsInsight to gain resources to continue empowering Ethereum contributors with data-driven analytics.

  • Voting is open from 12 Dec (18:00 CEST) to 17 Dec (23:59 CEST). If you’ve locked GLM with Octant, here’s how to vote:

  1. Visit the Octant Governance Board.
  2. Log in with your eligible wallet.
  3. Allocate your vote(s) to EIPsInsight.

Let’s rally together and help EIPsInsight secure its spot in the final round!

  • Understanding EIP-7639: Cease Serving History Before PoS

    • EIP-7639 optimizes Ethereum by ceasing pre-Merge data storage, reducing node burdens, enhancing efficiency, and ensuring a scalable future for blockchain technology.

  • Highlights of Ethereum's All Core Devs Consensus Meeting #147

    • Renaming Field Index, Updates on Devnet 5 & Testnets, Gossip Limits & Gas Limit Changes, EL & CL Coordination Changes, EIP 7742

  • Eigen Foundation Commits 1% of EIGEN Tokens to Ethereum Protocol Guild

    • The Eigen Foundation will allocate 1% of its 1.68 billion EIGEN token supply to the Protocol Guild, supporting 180 core Ethereum developers. EigenLayer, a restaking protocol on Ethereum, has $18.2 billion in total value locked (TVL), leading the $26.9 billion restaking market. Restaking enables developers to secure networks without launching new tokens. EigenLayer recently added Wrapped Bitcoin restaking, driving growth in decentralized finance TVL, nearing 2021 highs.

World News

  • Bank of England Demands Crypto Exposure Disclosure from Firms

    • The Bank of England's Prudential Regulation Authority (PRA) has requested firms disclose their current and future crypto exposure by March 2025. This data will help shape policy, monitor financial stability, and refine the Basel framework's application for cryptoasset regulation. Firms are also asked to outline their use of permissionless blockchains, noting associated risks like settlement failures. The PRA aims to assess crypto's impact on the financial system through planned activities extending until 2029.

  • EigenLayer Enhances Restaking Rewards for Greater Flexibility

    • EigenLayer, Ethereum’s leading restaking protocol, announced upgrades to its rewards program, set to launch on the mainnet in January 2025. These changes aim to enhance flexibility, allowing third-party protocols (actively validated services or AVSs) to reward validators based on performance. Validators will also gain the ability to set independent fee rates.

  • Nethermind Powers Nearly 50% of Ethereum Nodes: What This Means for the Network

    • Recent Ethereum statistics reveal that Nethermind now powers almost 50% of the Ethereum nodes, surpassing Geth, which powers 38%. While this milestone showcases Nethermind's increasing adoption, it raises important questions about client diversity and the risks of over-reliance on a single client. Ethereum's resilience depends on a balanced distribution of clients, such as Geth, Besu, and Erigon. This shift in client dominance prompts discussions on the need for more diverse client usage to avoid potential vulnerabilities and ensure long-term network security.

  • ENS Teams Up with Ubisoft to Integrate Web3 Identity into Gaming

    • Exciting news as ENS enters the gaming world through a groundbreaking collaboration with Ubisoft! Gamers in the Captain Laserhawk Universe will receive Niji Warrior ID Cards, featuring ENS subnames like edenonline.eth. This innovative integration connects character names to owners' blockchain addresses, creating a unified identity within Eden Online. 10,000 cards will be available through a unique process on Ubisoft’s site. The partnership highlights ENS's role in pioneering Web3 and decentralized identities, with the game launching early access on December 18.

Highlights of ACD Call

Here’s a quick Highlights of the major updates from All Core Devs Consensus Meeting #147:

Renaming Field Index

The meeting addressed an inconsistency in Ethereum's consensus layer by renaming the index field in the PendingPartialWithdrawal class to validator_index. This aligns it with similar structures, ensuring clarity and reducing confusion among developers. The change, originating from the Capella and Electra upgrades, has already been implemented to improve code readability and consistency.

Devnet 5 Progress

Efforts to finalize Devnet 5 are underway, with a tight timeline set for the end of the month. Challenges include pending PR updates, configuration refinements, and extensive client testing. Developers are debating whether to prioritize quality over the urgency of the launch, acknowledging the need for thorough testing to avoid potential network issues.

Gossip Limits & Gas Limit Adjustments

Discussions explored increasing gossip size limits to enhance scalability, balanced against potential risks like network spam. Developers emphasized the need for uniformity across clients to prevent consensus failures. The feasibility of dynamic gossip limits, scaling with gas limits, was also debated. Testing under stress conditions remains a priority to ensure scalability and security.

Execution Layer (EL) & Consensus Layer (CL) Coordination

Coordination challenges between EL and CL highlighted discrepancies that could impact block production and transaction efficiency. Proposals included creating dynamic systems linking gossip size to gas limits and enforcing uniform configurations across clients. These updates aim to improve scalability, security, and consistency in the network.

EIP-7742

This proposal seeks to enable independent updates to blob limits between EL and CL, providing flexibility for future upgrades. While the idea introduces significant development and testing overhead, developers are considering deferring its inclusion in the upcoming fork (Pectra) to simplify implementation. Static Genesis JSON files are seen as a practical short-term solution for managing configurations.

For a detailed breakdown, read the full article here.

Latest Tech Articles

  • Understanding 3-Slot Finality: A New Era in Blockchain Consensus
    Explore 3-Slot Finality, a new blockchain consensus method enhancing security, reducing forks, and improving scalability for a more secure and efficient decentralized future.

  • ERC-7683: The Key to Seamless Crosschain Interactions
    ERC-7683—a game-changer for anyone navigating the world of Ethereum and its expanding ecosystem.

  • EIP - 7045 Increase Max Attestation Inclusion Slot
    EIP-7045 introduces a crucial Ethereum upgrade, extending attestation inclusion slots for improved security and efficiency. The article delves into its motivation, technical changes, implications, and impact on consensus and security.

  • EIP-1153 and Transient storage
    EIP-1153 introduces transient storage, revolutionizing Ethereum's data handling. It addresses gas inefficiencies, enhancing smart contract performance. Explore its impact on inter-frame communication and gas cost efficiency.

  • Eip - 7516 : BLOBBASEFEE opcode
    EIP proposes BLOBBASEFEE opcode for smart contracts to manage blob data costs efficiently. It enables trustless accounting and blob gas futures with a gas cost of 2, aligning with conventions, ensuring seamless integration and minimal impact on backward compatibility.

Podcasts

There has been angst in the Ethereum community, growing over the last year, as Ethereum has become squeezed by its competition. Bitcoin’s story as money is growing in mainstream society. Solana has captured the hot ball of money in crypto. And Celestia’s data availability continues to progress at a faster rate than what is found at home in Ethereum.

  • AI & Crypto: The Next Frontier & BIG Bull Market Catalyst?:
    • This week, they uncover how Truth Terminal’s roadmap could revolutionize autonomous on-chain transactions, why ai16z's Eliza framework is poised to reshape multi-chain agent deployment, and how zerebro’s creative push into music and art is expanding the reach of AI in culture. They also discuss the growing institutional attention on AI agents, from 20M USD funding announcements to agents acting as venture capitalists.

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

Events

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