ETH Weekly | Ethereum developers unanimously agree to postpone the difficulty bomb; US authorities arrest Ethereum developers who helped North Korea (11.25-12.1)

Author | Qin Xiaofeng

Author | Qin Xiaofeng

Produced | Odaily

1. Overall overview

1. Overall overview

Second, the secondary market

Second, the secondary market

1. Spot market

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(ETH daily chart, picture from OKEx)

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2. Fund flow   

(data from BiNuNiu)

(data from BiNuNiu)

In terms of funds, the funds fluctuated greatly this week, and the net inflow of funds was the largest on Monday, exceeding 56 million US dollars.

(data from Tokenview)

(data from Tokenview)

Tokenview dataimage description

(more than 50,000 ETH transfers)

1. Development and technology

3. Ecology and technology

1. Development and technology

（1）EthereumEthereum

The 2.0 public testnet may be released next week

The Ethereum 2.0 client Lighthouse stated that they have selected Trail of Bits as the company to audit the Lighthouse code base, and the audit work is expected to begin in January 2020. Lighthouse also stated that the security audit will be the last step before the release of Ethereum 2.0, and the public testnet should be launched next week (early December). (TrustNodes)

(2) Ethereum developers unanimously agree to delay the difficulty bomb

Ethereum developers have agreed to an emergency hard fork weeks after the Istanbul upgrade. In public discussions among Ethereum developers and other non-development actors such as marketers or miners, all participants agreed that the difficulty bomb will be delayed. (TrustNodes)

(3) Bitcoin Suisse will provide Staking services for Ethereum 2.0

Swiss crypto service provider and custodian Bitcoin Suisse plans to expand support for the ethereum network with a staking option. Holders who use the feature will receive a holder reward, 85% of which will be retained by the user. Additionally, these rewards can be traded or converted to other fiat currencies as well as cryptocurrencies. Bitcoin Suisse also assured the community that there will be no fees for users during the conversion of ETH to ETH 2.0. (AMBCrypto)

(4) The Ethereum Java client Ethereum (J) announced to give up development, the reason is unknown

The code base of the Ethereum Java client Ethereum (J) was updated on November 15, marking that the Ethereum client version has stopped supporting for unknown reasons. (block rhythm)

(5) Aragon launches Aragon Network DAO and token ANJ on the Ethereum mainnet

The decentralized autonomous organization project Aragon announced that it has launched the Aragon Network DAO and the token ANJ on the Ethereum mainnet. ANJ is the native token of Aragon Court. (Aragon)

On November 27th, Elastos Smartweb officially opened the access to Ethereum-compatible sidechains to all network users. The sidechain code is currently fully open source on Elastos Github. (Smart web)

2.DEX

according toDAppTotal.com DEXimage description

(picture fromDAppTotal.com DEX）

according to

3.Dapp

according toDappreview dataDappreview data

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(data from etherchain.org)

etherchain.orgThe data shows that the current average mining difficulty is 2548 T, up 4% month-on-month; the average computing power has dropped 2.8% month-on-month, and is temporarily reported as 176.1 TH/s; the activity of miners has increased, and the number of new addresses this week has increased by 7% month-on-month.

(Mining difficulty changes)

4. News

4. News

On November 29, the U.S. Attorney’s Office for the Southern District of New York and the FBI announced that they had arrested and accused Virgil Griffith of violating U.S. sanctions laws and traveling to North Korea to provide a presentation and advice on using cryptocurrency and blockchain technology to evade sanctions. According to Griffith's LinkedIn profile, he is a research scientist at the Ethereum Foundation.

Ethereum FoundationEthereum Foundation

A statement was issued stating that Virgil Griffith's decision to travel to North Korea was purely personal. "We can confirm that the Foundation did not attend in any capacity the events listed in the DOJ document and that the Foundation neither approves nor supports any such travel, which is a private matter. We will continue to monitor the situation closely," the statement said. develop."Larry CermakDirector of Research, The Block

2.UpbitNearly 350 million yuan worth of ETH was stolen from the hot wallet

November 27,UpbitNovember 27,

The official announcement stated that 342,000 ETH (about 350 million yuan) was stolen from its Ethereum hot wallet and transferred to an unknown wallet. The unknown wallet address is 0xa09871aeadf4994ca12f5c0b6056bbd1d343c029.

As confirmed by Tokenview data analysts, after the ETH stolen by Upbit was split and transferred several times, part of the ETH was transferred to the private address that had been withdrawn in Huobi and Binance, but this part of the ETH has not yet flowed into these two major exchange account.

3. The daily new supply of ETH fell to the lowest level, and the inflation rate fell by 13% in January

Ethereum’s new supply has dropped from about 12,600 ETH per day to an all-time low of about 11,800 ETH. Block times have risen to about 15 seconds. This is the second time the new supply of ETH has dropped since the ETH difficulty bomb exploded last month. This has resulted in a 13% reduction in ETH inflation in just one month, reducing the new supply of ETH by a tenth and continuing to decrease every roughly two weeks. (TrustNodes)

4. V God: Ethereum will be able to process 3,000 transactions per second after the upgrade in Istanbul