ETH Weekly | V God said that he has mastered scalability-related technologies; Ethereum Istanbul upgrade test network postponed to October 2 (9.2-9.8)

Author | Qin Xiaofeng

Author | Qin Xiaofeng

Produced | Odaily

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1. Overall overview

Vitalik recently expressed his confidence in Ethereum 2.0. He said that he has mastered the technology related to the scalable version, and the network can run at the speed of "tens of thousands of transactions per second"; when Ethereum 2.0 is launched, a multi-pronged strategy will be adopted.

Second, the secondary market

Second, the secondary market

1. Spot market

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(picture from OKEx)

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2. Fund flow                                                               

(data from AIcoin)

(data from AIcoin)

       In terms of funds, the funds fluctuated greatly this week. The net outflow of funds was the largest on Wednesday, exceeding 14 million US dollars; the net inflow of funds on Sunday was relatively high, nearly 40 million US dollars.

(data from Tokenview)                                                     

(data from Tokenview)

Tokenview dataimage description

(more than 50,000 ETH transfers)

3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

(1) The activation of the Ethereum Istanbul upgrade test network was postponed to around October 2, and the activation of the main network was postponed to November

Hudson Jameson, the community manager of the foundation, said that the testnet activation of the Istanbul system upgrade was originally scheduled for September 4th. Due to a large number of Ethereum Improvement Proposals (EIPs) submitted for review, the testnet activation was postponed to around October 2nd. Because the upgrade of the testnet is a month behind schedule, the activation of the mainnet will be postponed until November. (CoinDesk)

(2) Ethereum development team cooperates with AMD and Nvidia to test ProgPoW

The Ethereum development team IfDefElse proposed the ProgPow protocol, whose main purpose is to reduce the control of ASIC miners on the network by making graphics cards more competitive. The development team also cooperated with AMD and Nvidia to test the protocol. (AMBCrypto)

(3) Ethereum client Geth joins all proposals for Istanbul hard fork upgrade, which has been upgraded to version 1.9.3

The Ethereum client Geth released version 1.9.3, and at the same time, the improvement proposals for the last three Istanbul hard fork upgrades were added to this version. (Reddit)

(4) The Ethereum non-custodial coin mixer MicroMix prototype is launched on the Ethereum Kovan test network

Ethereum Foundation developer Wei Jie announced the launch of the Ethereum-based non-custodial coin mixer MicroMix, which is based on the zero-knowledge proof anonymous signal system Semaphore, and is currently deployed on the Ethereum Kovan testnet, allowing users to anonymously send their Tokens can be exchanged with others, while the transaction history can be hidden. (Medium)

(5) Ethereum ENS is funded by Binance X and will support multi-currency addresses

The Ethereum Name System (ENS) has been funded by Binance X to support multi-currency addresses. ENS has previously supported mapping IPFS hash values ​​or Tor's .onion domain names, and will consider adding 1,200 top-level domain names such as .COM and .ORG in the future. (Medium)

(6) Coinbase Ventures invests in decentralized application company Offchain Labs

Decentralized application company Offchain Labs has announced an investment from Coinbase Ventures. In addition, Offchain Labs announced the launch of the Alpha 2 version of the scaling solution, which can be easily integrated into any Ethereum application, ensuring that each smart contract can process 500+ transactions per second. (AMBCrypto)

IDEX recently issued a document stating that IDEX has become the first investment project of the Algo VC fund and will develop a new generation of decentralized exchanges on the Algorand network. (Medium)

2.DEX

according toDAppTotal.com DEXThe data on the special page shows: 17 DEX projects based on the Ethereum network have been counted, and the transaction volume on the chain in the past week totaled 184,810 ETH (about 33.26 million US dollars), a month-on-month decrease of 12%.

image descriptionDAppTotal.com DEX）

according to

3.Dapp

according toDappreview dataDappreview dataDozerBird, Dapps on the ETH chain added 6 Dapps this week, and the total number of developments reached 2340; the newly added Dapp with the most users in seven days "

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(data from etherchain.org)

etherchain.org(Mining difficulty changes)

(Mining difficulty changes)

4. News

4. News

1. Blockchain software solutions company Globex announces new digital securities trading software

Blockchain software solutions company Globex US Holdings Corp. is launching its new Open Order Book digital securities trading software. Users can now place bids on an order-driven digital asset-backed marketplace via the Ethereum blockchain. (Live Bitcoin News)

2. MakerDAO CEO: OasisDEX, the second largest decentralized exchange on Ethereum, will soon be restarted

MakerDAO co-founder and CEO Rune Christensen said that OasisDEX, Ethereum's second largest decentralized exchange, will soon be restarted. Launched in January 2016, OasisDEX is the first decentralized exchange based on the Ethereum public chain. After suspending operations at the beginning of this year, it is still the second most used decentralized exchange on Ethereum. (Mars Finance)

3. The surge in MakerDAO users is related to Coinbase’s cryptocurrency education courses

According to data from DappTotal, since July 26, the cumulative number of MakerDAO users has surged to 92,000, accounting for 82.4% of the total number of Ethereum DeFi users. The reason for the surge is that Coinbase has opened a learning course for the US dollar stable currency DAI, and users can be rewarded with DAI for completing the course. (BlockBeats) [Original link]

4. V God: I am very confident in Ethereum 2.0 and have mastered scalability-related technologies

Vitalik recently expressed his confidence in Ethereum 2.0. He said that he has mastered the technology related to the scalable version, and the network can run at the speed of "tens of thousands of transactions per second"; when Ethereum 2.0 is launched, it will adopt this multi-pronged strategy, first launching PoS Proof), after running for a period of time, sharding will be done. Sharding will make the blockchain faster than any current platform. However, it still expressed concerns about whether people will use PoS. (Decrypt) [Original link]

5. F2Pool CMO Li Qingfei: In the future, the graphics card mining market will be impacted by the conversion of Ethereum to PoS

F2Pool CMO Li Qingfei said recently: 4G graphics cards will not be outdated in the graphics card market next year; currently ETH occupies four-fifths of the graphics card mining market, and ETH will transfer from PoW to PoS, which may be in the next three to five years. It has a relatively large impact on the graphics card market. In the future, one or several high-quality projects will be needed to catch these computing power.

6. Frequent issuance of stablecoins