ETH Weekly | Ethereum 2.0 may be launched on the fifth anniversary of the main network; community users set up a monument for Li Wenliang on the Ethereum chain (2.3-2.9)

秦晓峰

Odaily资深作者

@QinXiaofeng888

2020-02-10 08:24 (UTC+8)

This article is about 3911 words, reading the full article takes about 6 minutes

ETH price is currently bullish for the long term with resistance at $240.

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ETH price is currently bullish for the long term with resistance at $240.

Author | Qin Xiaofeng

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Produced | Odaily

1. Overall overview

Second, the secondary market

1. Spot market

According to OKEx market data, the price of ETH went up strongly last week, successfully breaking through $200, closing at $226.86 within the week, an increase of 17.83% in a week.

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2. Fund flow

(data from BiNuNiu)

In terms of funds, last week the funds fluctuated greatly. The net inflow of funds was the largest on Wednesday, exceeding 55 million US dollars; the net outflow of funds on Tuesday was the largest, exceeding 15 million US dollars.

(data from Tokenview)

(data from Tokenview)

Tokenview dataIt shows that the number of transfers on the chain increased sharply last week, and the number of transfers of "above 5,000 ETH", "above 10,000 ETH" and "above 50,000 ETH" all increased by about 50% month-on-month.

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3. Ecology and technology

1. Development and technology

1. Development and technology

(1) Ethereum 2.0 may be launched on the fifth anniversary of the mainnet on July 30

In a Reddit discussion held last Wednesday, the ethereum 2.0 team noted that the network will not launch until three clients can run the testnet continuously for at least eight weeks.

Ethereum Foundation researcher Justin Drake said: I am 95% confident that we will launch Ethereum 2.0 in 2020. Ethereum 2.0 coordinator Danny Ryan confirmed that Phase 0 of Ethereum 2.0 (Phase 0) will start this year, but could not confirm the specific time.The release of Eth 2.0 was originally scheduled for January 2020. Later, Peter Mauric, head of the Ethereum client Parity, said that Phase 0 (phase 0) would be launched before the first quarter of 2020, and finally changed to the second quarter of 2020. Now, developers are setting their sights on the network's。

5th Anniversary, 30 July 2020

Frustrated by community members that the deadline for launching Phase 0 has been pushed back yet again, the developers explain that the extension was necessary because certain changes had to be made to the Phase 0 specification to accommodate the new direction of Phase 1. "There will be some significant unknowns over the next few months," Ryan said. There is also audit work to be completed, so a firm date cannot be set. It is understood that Ethereum 2.0 will be carried out in stages, and the phase 0 upgrade will introduce sharding, PoS and new virtual machines. (CoinDesk, Cryptonews)

(2) Progress status of Ethereum 2.0

Last week, the much-watched Ethereum 2.0 has completed the following operations:deposit contract
The audit and formal verification of the bytecode has been completed by the technical team Runtime Verification.ETH 2.0 Phase 2 Core Principles
It has been clearly defined, but its specific design is still relatively open. Quilt (the research team of ConsenSys) and eWASM (the research team of the Ethereum Foundation) have spent a lot of energy on research in the past year, and the newly established TXRX (ConsenSys' research team) will dedicate part of its energy to Phase 2 R&D, with an initial focus on better understanding the complexities of cross-shard transactions, and researching and prototyping the integration of ETH 1.0 into ETH 2.0 method.Ethereum 2.0 Testnet
LighthouseIt can now run on the mobile side, currently only supports Android models.

100,000 validators running the network have been successfully tested.Danny RyanAdditionally, the Ethereum 2.0 deposit contract is expected to launch this spring. Ethereum 2.0 Coordinator

The formal verification of the contract has just been completed, according to Cointelegraph. A minimum of six weeks is required for public review and comment before the staking contract is launched. (TrustNodes, The Block)

(3) Panvala, a decentralized funding platform for Ethereum, announced the fifth funding list

Panvala, a decentralized funding platform for Ethereum, announced the list of the fifth funding projects. The Canadian technology company ChainSafe received the most funding, which received 350,000 PAN tokens for the development of the Ethereum 2.0 lightweight client.

Other funded projects include: Quilt, which participated in the development of the Ethereum 2.0 smart contract execution environment, DappNode, a decentralized node infrastructure provider, Nutberry, which improves the compatibility of Layer 2 solution Optimistic Rollup, Ewasm compiler SOLL, App database node development Menlo.one, Universal Login that simplifies the wallet login process, Alice, a project that embeds applications in cryptocurrency wallets, AlphaWallet, an Ethereum-based wallet, and FairDrive, a privacy software. (Medium)

On February 4, the Orchid Protocol (Orchid Protocol), a distributed private proxy network project, tweeted that the Ethereum light wallet MetaMask added support for its OXT token. (Twitter)

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 average computing power rose by 1.87% month-on-month, temporarily reporting 168.9TH/s; the activity of miners rose significantly last week, and the number of new addresses rose by 38% month-on-month; the amount of blocks produced rose by 14% month-on-month, and the average daily mining income rose by 15 %, tentatively reported 14058 ETH.

(Mining difficulty changes)

4. News

1. Community users set up a monument for Dr. Li Wenliang on the Ethereum chain

2.To commemorate Dr. Li Wenliang, community users have planted a tombstone for him on the Ethereum blockchain, block height 9432824. Dr. Li Wenliang's deeds will always be engraved on the blockchain, which cannot be tampered with or deleted. (etherscan)

Total Funds Locked in DeFi Apps Nears $1 Billion

With the recent surge in the price of Ethereum, the total amount of funds locked in DeFi applications has ballooned to $970.8 million, close to $1 billion, according to DeFi Pulse data. (U. Today)

3. Data: Year-to-date, the average transaction size of ETH has increased by 122%

This year, Ethereum has consistently outperformed Bitcoin across multiple metrics. Ethereum prices are up 47% this year, while bitcoin is up 29%, according to Skew data. Ethereum futures and options saw a notable uptick in volume as well.

IntoTheBlock data shows that since the beginning of the year, the average transaction size on the Ethereum network has increased by more than 122%. Although the average transaction size of Bitcoin has also increased (73%), it is far less than Ethereum. In addition, the number of large transactions on the Ethereum network increased from 130 on January 1 to 350 on February 2, an increase of 169%. Skew data shows that the daily trading volume of Ethereum futures has increased significantly in mid-January. (Cryptoslate)