ETH Weekly | Ethereum will implement ProgPoW in July hard fork; Deribit launches ETH daily options (2.17-2.23)

Author | Qin Xiaofeng

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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)

(ETH daily chart, picture from OKEx)

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(data from BiNuNiu)

(data from BiNuNiu)

(data from Tokenview)

3. Large transaction

(data from Tokenview)

Tokenview dataIt shows that the number of transfers on the chain increased sharply last week, and the number of transfers of "more than 5,000 ETH", "more than 10,000 ETH" and "more than 50,000 ETH" increased by about 62%, 72% and 233% month-on-month, respectively.

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3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

(1) Ethereum core developers will implement ProgPoW in July

Last week, Ethereum developers discussed ProgPoW again in the developer meeting, code EIP1057, this update can make Ethereum mining more "ASIC resistant". Some developers agreed to add the protocol in the July hard fork, but there are also objections that the move will split the community, and some worry that exchanges may run versions of ethereum with both the old and new mining algorithms (which created ethereum). new branch of ) to maximize platform fees. James Hancock, the hard fork coordinator of Ethereum, said that community splits are unlikely, and ProgPoW is the "most well-prepared" Ethereum improvement plan. (Crypto Briefing)

(2) V God: The main development of ETH 2.0 this year is to launch Phase 0

(3) Plasm will open Lockdrop and launch the mainnet on May 1

Plasm, a scalable DApp platform based on Plasma and Substrate technologies, will launch the mainnet on May 1, and will conduct a Lockdrop multi-coin lockup airdrop plan from March 5 to April 12. It is reported that the lock-up airdrop plan will be divided into three cycles, including: 1. Ethereum lock-up airdrop; 2. Ethereum and Bitcoin lock-up airdrop; 3. Ethereum, Bitcoin, EOS and possibly together with DOT lock-up airdrop. The first phase of Lockdrop will be completed before the Plasm mainnet release, and 500 million of its native token PLM will be issued.

Plasm, a scalable DApp platform based on Plasma and Substrate technologies, will launch the mainnet on May 1, and will conduct a Lockdrop multi-coin lockup airdrop plan from March 5 to April 12. It is reported that the lock-up airdrop plan will be divided into three cycles, including: 1. Ethereum lock-up airdrop; 2. Ethereum and Bitcoin lock-up airdrop; 3. Ethereum, Bitcoin, EOS and possibly together with DOT lock-up airdrop. The first phase of Lockdrop will be completed before the Plasm mainnet release, and 500 million of its native token PLM will be issued.

Ethereum block explorer Etherscan recently disclosed that its number of unique monthly active users has exceeded 5 million, the number of application program interface (API) calls has reached billions, and the number of smart contract verifications has exceeded 70,000.

2.DEX

according toDAppTotal.com DEXaccording to

3.Dapp

according toDappreview dataimage description

4. Mining

(data from etherchain.org)

etherchain.orgThe data shows that the average computing power increased by 3.38% month-on-month, temporarily reported as 180.2 TH/s; mining difficulty increased by 3.46% month-on-month, temporarily reported as 2272 T; due to the decline in currency prices, the activity of miners dropped significantly last week, and the number of new addresses decreased by 10.8% month-on-month %.

(Mining difficulty changes)

4. News

4. News

1. Encrypted derivatives exchange Deribit launches ETH daily options

Cryptocurrency derivatives exchange Deribit recently announced the launch of daily options on Ethereum (ETH). The execution price range of the new product is $5, which can be traded within 24 hours before the agreement expires. At launch, its duration was only two trading days. The exchange will also reduce the volatility of all ETH options from the current 0.001 ETH to 0.0005 ETH from February 19. (CoinDesk)

2. bZx suspended the loan agreement again, the official said it would not affect the Synthetix system

On February 18, bZx, a decentralized finance (DeFi) loan agreement, officially announced that in view of the use of flash loans and suspicious transactions on Synthetix, bZx once again clicked the pause button on the agreement. While sUSD is indeed involved, it does not affect the Synthetix system. Earlier in the day, bZx stated that it has deployed contract upgrades to make the system more resistant to attacks. On the same day, Synthetix officially announced that it has upgraded several agreements, and SNX transfers cannot be performed during this period.

3. The suspected bZx flash loan attack occurred again, and the attacker may make a profit of 640,000 US dollars

On February 18, Eric Conner, an Ethereum enthusiast and founder of Ethhub, said on Twitter that the bZx Flash Loan attack was suspected to have reappeared. If confirmed, this time the attacker made a profit of 2,388 ETH, which is about 644,000 US dollars.

This suspected new flash loan attack occurred at block height 9504627 of the Ethereum network. The attacker borrowed 7,500 ETH, exchanged it for WETH, sold the sUSD synthesized by Synthetix, and then bought back WETH to make a profit. Eric said that the attacker is suspected to have made a profit of 2,388 ETH.

4. Matterum uses Ethereum blockchain smart contracts to authenticate collectibles

On February 18, Matterum’s collectibles identification platform went live and processed several $10,000 William Shatner figurines. According to its website, Mattereum has the tools to make physical goods flow around the world as easily as information, using smart contracts on the ethereum blockchain. Its first client was Third Millenia Inc., a company co-founded by Star Trek actor William Shatner. (Cointelegraph)

5. Juventus releases star digital collection cards on Ethereum

On February 20, the Italian football team Juventus will issue digital collectible cards on the blockchain football platform Sorare, representing world famous players such as Ronaldo. It is reported that these cards are non-fungible tokens (NFT) based on the Ethereum ERC-721 standard. (CoinDesk)

6. Tether cooperates with Binance to complete the switch of 300 million USDT as planned