Week in Ethereum News, March 26, 2022 - thanks to Nexus Mutual for making this issue possible!

#ETH #Ethereum

Eth News and Links

Mainnet execution layer

• Tim Beiko’s core devs update: merge testing, difficulty bomb can be pushed back as needed, Shanghai update proposed features, executable spec for execution layer and token compensation for client devs & researchers

• ethereumjs/client v0.4.0: Kiln v2 support

Proof of Stake consensus layer

• Danny Ryan’s Finalized PoS update: help test the merge!

• PoS implementers call video. Notes from Ben Edgington:

  • Goerli testnet was shadow forked, will test endianness fixes

  • merge-devnet-6 next week

  • mainnet shadow fork in two weeks

• Latest What’s New in Eth2

• Teku v22.3.2: fixes performance issue when processing blocks containing deposits; incident review

• DAppNode now supports Teku, Lighthouse & Prysm clients on Prater testnet

• Vitalik’s EIP4844 proto-danksharding technical FAQ 

PoW switch off (The Merge)

• Dankrad: running a majority client puts you at serious risk of losing funds

• wat, wen, wy: stuff Ethereum Reddit should know about the merge

• Goerli shadow fork successfully merged

• Kiln testnet image for Raspberry Pi updated: adds Erigon execution client; 16 execution & consensus layer combinations

• Setup guide for ethereumjs client & Lodestar for Kiln testnet

• Geth master branch has all important changes for PoW switch off

• Client teams adding panda ascii art to display when merged

EIPs/Standards

• EIP4938: eth/67: Removal of GetNodeData

Layer2

• Fraud proof attack vectors on optimistic rollups: time-travel attack & reality-distortion attack;  Optimism’s Cannon & Arbitrum’s Nitro expected to reduce attack surface

• Optimism calldata compression live, 40% fee reduction expected next week

• Huobi adds Ether deposits & withdrawals on Optimism

• Ramp adds buying Ether on Arbitrum

• Raiden becoming a payment network on top of rollups

• Aztec (privacy zk rollup) reducing transaction fees, 30% cheaper proof (with plans to get to 180k gas) and 8x improvement to 896 Aztec transactions per mainnet transaction

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Stuff for developers

• ethereumjs/vm v5.8.0: Kiln v2 support, EIP3540 EVM Object Format, EIP3670 EOF - code validation, EIP3860 limit & meter initcode and improved Layer 2 support

• TypeChain v8 (TypeScript typings): supports nested paths, Foundry style artifacts and prefers `import type`

• Hardhat VSCode extension v0.2.0: hover for type info

• Hardhat v2.9.2: forking fix

• EBMP: render BMP images in Solidity for on-chain BMP NFTs

• MagicCounter: Solidity counter, increment/decrement/min/max in O(1)

• Dapptools passes the torch to Foundry

• Opinionated Foundry project setup guide

• Hardhat project template (based on Typescript): adds testing with Foundry

• create-eth-app v1.8.0: integrates useDapp framework in React based templates 

• StarkNet development setup guide

• Nile v0.5.0: Cairo v0.8.0 support, new Signer for latest Account contract

• ENS Layer 2/off-chain integration with ethers.js v5.6.1

• Alchemy’s Goerli testnet faucet

Security

• Umbrella Network ~$700k exploit on Ethereum & BNB chain, unchecked underflow in withdraw function

• LI.FI ~$600k exploit, swap function used to transfer approved tokens

• TUSD integration with Compound post mortem, millions were at risk, token double entry point caused vulnerability when used as collateral, other DeFi protocols were potentially affected, TUSD now patched

• ENS price oracle deployment post mortem, if vote had passed expired domains could be registered without a premium

Ecosystem

• EIP1559 burnt 2 million ETH

• Polynya: modular execution layers and what everyone gets wrong about modular blockchains

• Goerli testnet Ether is being traded, Afri proposes to inflate Goerli Ether supply to prevent it having value

Enterprise

• Baseledger Proxy open-sourced by Unibright

• 10KTF Gucci Grail NFTs revealed

• 10:22PM (Universal Music label) buys Bored Ape to be the manager of KINGSHIP metaverse group

Application layer

• GameStop NFT marketplace on Loopring & Immutable X opens for signups & deposits

• Universe NFT marketplace beta

• LooksRare (NFT marketplace) zero code NFT collection minting

• Prop House (Nouns proposal auction house): first community grants round

• The Graph R&D roadmap 

• Superfluid Protocol (money streaming) live on Arbitrum & Optimism

• MakerDAO: US based Huntingdon Valley bank applies for collateral integration

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Job Listings

• EF’s Privacy & Scaling Explorations team: Technical Project Coordinator, ZKP Security Engineer, L2 Security Engineer & Marketing Ops Manager

• SideShift.ai is hiring a Solidity Engineer. Good job!

• Hifi is hiring a Senior Solidity Engineer & Community/Social Media Manager

• EF hiring Test Engineer to improve testing infrastructure & coverage

• Devcon needs a front-end web developer

• Status is Hiring! SDET and Head of Marketing (Status Network). All jobs!  

• Mark Cuban seeks a web3 front-end developer. Send a work sample to apply.

• eVerse is hiring a lead blockchain engineer for its social video platform

Reach developers experienced with Ethereum.  $600 for four issues (~75 character limit), payable in ETH/DAI/USDC to abcoathup.eth on mainnet, Arbitrum or Optimism.  Questions? abcoathup at-gmail

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Regulation/business/tokens

• Indian parliament passes crypto tax law: 30% capital gains tax, 1% tax deducted at source for buying & selling

• US DoJ charge Frosties NFT pair with wire fraud and money laundering; IRS agent: “You can’t solicit funds for a business opportunity, abandon that business and abscond with money investors provided you”

• ANZ bank mints 30 million of Australian dollar stable coin to pilot payment

• Non-correlated assets in DeFi via Rysk's dynamic hedging options AMM [Disclosure: Starbloom portfolio]

• Simon de la Rouviere: building expansive NFT universes using permissive licensing, low fidelity & metadata and bundling

• Token compensation explainer for job candidates

General

• Ape & Bored Ape holders targeted in phishing campaign

• Targeted social engineering likely used spear-phishing email

• HubSpot employee account compromised, crypto projects targeted

• Performance improvement for GKR, 31x speed-up over Groth16 

• Web3 will be more secure than Web2

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Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-march-26-2022

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Dates of Note

Upcoming dates of note (new/changes in bold):

• Mar 29-31 – ETHDubai

• Apr 8-10 – DAOHacks (hackathon & summit)

• Apr 7-9 – ETH Portland hackathon

• Apr 18-25 – Devconnect (Amsterdam)

• Apr 22 – deadline for EF academic grants round

• Apr 22-24 – ETHAmsterdam

• May 20 – US Fed CBDC discussion paper feedback deadline

• Jun 10-12 – ETHPrague

• Jun 20-23 – NFT.NYC

• Jun 24-26 – ETHNewYork

• Jul 8 – ETH Seattle summit

• Jul 19-21 – EthCC 5 (Paris)

• Aug 19-21 – ETHMexicoCity

• Aug 27-28 – DeFi Security Summit (Stanford)

• Aug 29-31 – Science of Blockchain Conference (Stanford)

• Sep 6-9 – MCON 2 (Denver)

• Sep 12-14 – DappCon (Berlin)

• Oct 11-14 – Devcon 6 (Bogotá)

• Nov 4-6 – ETHSanFrancisco

• Dec 1-4 – ETHDownUnder (Sydney)

• Dec 2-4 – ETHTaipei

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OhNoEthereum via https://www.ohnocrypto.com/ @Andrew B Coathup, @Khareem Sudlow