ETH Weekly | V God denies that ETH 2.0 will be released in July this year; more than 10,000 users have created Reddit beta encrypted wallets (5.11-5.17)

Author | Qin Xiaofeng

Produced | Odaily

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)

image description                                                                   

(data from BiNuNiu)

(data from BiNuNiu)

In terms of capital, capital fluctuated greatly last week, with the largest net inflow on Sunday, exceeding US$65 million; and the largest net outflow on Friday, close to US$20 million.

(data from Tokenview)                                                             

(data from Tokenview)

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3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

(1) The Ethereum 2.0 multi-client testnet based on the 0.12 specification is expected to be released in June

A call to Ethereum 2.0 developers shows that the Schlesi testnet has been so successful that a more formal multi-client testnet based on the 0.12 specification is expected to be released in June. Right now, Ethereum 2.0 development is almost entirely about bug fixing, with the team trying to sync all existing clients into one version of the blockchain. Most of the work is dedicated to fixing code bugs and improving detection methods.

With regard to the latter, Sigma Prime developer Mehdi Zerouali reported significant progress in designing "obfuscation" techniques, which feed programs with fake data in order to find their vulnerabilities. Sigma Prime analysis has already helped uncover a number of low-level bugs in the ethereum 2.0 client software and the libraries they depend on, including an infinite loop bug found in the Teku client, and a memory segmentation fault in Nimbus. (Cointelegraph)

Previously, a user lost 40 ETH because of a wrong address, and then asked for help from the Ethereum community. Reddit user daso14 initiated a proposal to design a DAO by the community. Even if the receiving address filled in is only 1-2 digits wrong, users can still claim their funds back. He mentioned that the idea could simply be a simple mainnet smart contract where users voluntarily deposit a small portion of their holdings. If an Ethereum user sends funds to a wrong address (only senders with wrong 1-2 digits), he can get a refund from the contract balance. (Newslogical)

2. Voice of the Community

2. Voice of the Community

(1) V God: Regarding the launch time of ETH 2.0, I follow the timetable of the client developers

On May 12, Vitalik, the founder of Ethereum, issued an article stating that with the help of the multi-client test network Schlesi, ETH 2.0 is on the right track and is expected to meet its pre-launch requirements for Phase 0.

A twitter netizen asked, Vitalik said that ETH 2.0 may be launched in July and the time given by the developer of Ethereum is inconsistent (the netizen said that the time given by the developer is the end of the year). V God responded that he did not say that ETH 2.0 will be launched in July, maybe the question contained the word July (July), but he did not hear it when he was asked; he followed the client developer’s timetable, If they're talking about the broader 'Q3' now, choose to believe them. "(CoinDesk)

(2) Founder of Quantum Economics: Optimistic about Ethereum, the confusion of ETH 2.0 release date is not a big problem

On May 14, Mati Greenspan, founder of Quantum Economics, said that the uncertain release date of ETH 2.0 is not a big problem. Judging only by the price action, the remarks about the delayed launch of ETH 2.0 do not seem to have that much impact. All startups have a tendency to push dates and delay, especially when rolling out major upgrades. In addition, he also pointed out that Ethereum is the third largest position in his crypto portfolio. "Everything happening in DeFi is very exciting, and I remain bullish." (Cointelegraph)

(3) ETH 2.0 project leader: Multi-client is one of the reasons for the delay in the launch of ETH 2.0

ETH 2.0 project lead Danny Ryan said the network's multi-client was one of the main factors behind the delay in launching Phase 0. However, according to Ryan, having multiple clients is critical to maintaining a high level of network security.

Currently, seven ETH 2.0 clients are under development, including Trinity from the Ethereum Foundation, Prysm from Prysmatic Labs, Lighthouse from Sigma Prime, Nimbus from Status, Lodestar from ChainSafe, Teku from PegaSys, and Cortex from Nethermind. Ryan calls Lighthouse "by far the highest performing client" in terms of speed and security. At the same time, Prysmatic Labs has opened the largest single-client testnet, which contains more than 400 nodes. (The Block)

(4) Vitalik: I regret the technical flaws in the original protocol of Ethereum

Afterwards, Decrypt posted that V God expressed on Twitter that his biggest regret was the premature launch of Ethereum. V God commented on the article on Twitter and pointed out that there is a big misunderstanding here, and Ethereum was actually launched in July 2015. He stressed that while he does not regret the delay, what he really regrets is the technical flaws in the original agreement.

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5. Mining                                                              

(data from etherchain.org)

etherchain.org(Mining difficulty changes)

(Mining difficulty changes)

4. News

4. News

1. More than 10,000 users have created Reddit beta encrypted wallet

According to Etherscan data, the number of users of Reddit's new encrypted wallet has exceeded 10,000. This is the first achievement since the launch of the Ethereum-based "Community Points" project.

According to previous reports, Reddit is testing community points in the form of Ethereum ERC-20 tokens; the first two Ethereum tokens, $MOONS and $BRICKS, will be issued to /r/Cryptocurrency and /r /FortniteBR members of two boards, which currently have 1 million and 1.3 million subscribers respectively. Community Points will first run on the Rinkeby testnet and then migrate to Ethereum. (U. Today)

2. Analyst: The number of ETH held by the exchange is at a historical high, which is not good for the price

Cryptocurrency analyst Ceteris Paribus tweeted that the amount of ETH held on exchanges is "essentially at an all-time high" at around 18 million. Analysts speculate that this trend could be bearish for the price of ethereum, as it may indicate a stronger propensity for investors to sell cryptocurrencies. (Bitcoinist)

3. After WBTC became Dai collateral, the locked-up value of DeFi soared by 113%

On May 3, MakerDAO passed an executive vote to add WBTC as collateral for Dai. Since then, the total value of WBTC locked in DeFi has surged from just over $10 million to a whopping new all-time high of $21.43 million. Before the vote, WBTC was almost at a standstill; but since the decision, it has surged 113%, and the total number of BTC locked has risen to 2300 BTC. In fact, in the past two days, the above-mentioned growth has been even more amazing and rapid. WBTC is an Ethereum ERC20 token issued through multi-party custody and 1:1 anchored to BTC. (AMBCrypto)

4. Report: Ethereum has a stronger network effect than Bitcoin

IntoTheBlock conducted an in-depth analysis of the network impact of Bitcoin and Ethereum, and found that Ethereum is much easier to calculate and track. Ethereum, as an enabler of decentralized financial services, has the potential to expand its network effect and attract more users, while Bitcoin's sparse connectivity means its network effect value is much lower. Additionally, Ethereum has far more addresses than Bitcoin has a balance of 30 million addresses. IntoTheBlock data shows that there are a total of 38.57 million addresses on the Ethereum network, and the balance remains balanced.