ETH Weekly | The Ethereum documentary that V God will appear in will raise funds within 3 days; Ethereum developers fix the EIP-1559 related vulnerabilities on the test network (7.19~7.25)

秦晓峰

Odaily资深作者

@QinXiaofeng888

2021-07-26 08:04 (UTC+8)

This article is about 5208 words, reading the full article takes about 8 minutes

The Ethereum official website released the product roadmap for the third quarter.

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The Ethereum official website released the product roadmap for the third quarter.

Author | Qin Xiaofeng

Editor | Hao Fangzhou

Produced | Odaily

1. Overall overview

Author | Qin Xiaofeng

Editor | Hao Fangzhou

An Ethereum documentary "Ethereum: The Infinite Garden", which Vitalik Buterin will star in, raised an excess of 1035.96 ETH within 3 days. The documentary's fundraising target is 750 ETH. According to the documentary's projected timeline, the film will launch in winter 2023.

Second, the secondary market

1. Spot market

Second, the secondary market

(ETH daily chart, picture from OKEx)

2. Fund flow

(BiNuNiu)

image description

3. Large transaction

OKlink dataIn terms of funds, the largest single-day net inflow of main positions was 26.6847 million US dollars (Thursday), and the largest net outflow was 29.66 million US dollars (Friday); ETH's main holdings net increased by 5.3067 million US dollars last week; the price level may continue to rebound in the coming week.

OKlink dataIt shows that the number of transfers on the chain rose slightly last week, and the number of transfers of "above 1000 ETH", "above 2000 ETH" and "above 5000 ETH" increased by 12.21%, 7.35% and 22.89% month-on-month respectively, and the activity of giant whales began to pick up.

3. Ecology and technology

1. Technological progress

OKlink data

It shows that the current top 300 ETH holdings hold a total of 53.02% of ETH, an increase of 0.18% month-on-month; in addition, the entire position distribution presents an oval structure, and the proportions of each part are: 1st to 100th, accounting for 38.36%, Decreased by 0.04% month-on-month; No. 101-300, accounting for 14.66%, up 0.22% month-on-month; No. 301-500 accounted for 6.84%, up 0.13% month-on-month; No. 501-1000, accounting for 7.78%, up 0.13% month-on-month %; after the 1001st place, accounting for 32.39%, a decrease of 0.43% from the previous month.

3. Ecology and technology

1. Technological progress

(1) London upgrade is imminent, Ethereum developers fix EIP-1559 related vulnerabilities on the testnet

Ethereum developers have been working hard to fix issues with code and clients on the testnet in preparation for the next major network upgrade - the London upgrade. On July 21, Ethereum lead developer Tim Beiko released a "London Testnet Review" report, detailing the latest developments in the testing phase of the upcoming Ethereum upgrade.

Ethernodes.org data shows that only 37% of nodes are currently ready for the Ethereum London hard fork (including the EIP-1559 upgrade).

2. Voice of the Community

Earlier news, the Ethereum Foundation issued an official announcement announcing that after the successful deployment of the testnet, the London upgrade is now ready to be activated on the Ethereum mainnet and will be launched at block 12965000. The estimated activation time is from August 3 to 5, 2021. between days. (BeInCrypto)

(2) V God and others initiated the EIP-3675 proposal, proposing to upgrade the ETH main network consensus from PoW to PoS

On July 22, Mikhail Kalinin of Teku, the Ethereum 2.0 client, Danny Ryan and Vitalik Buterin, core developers of the Ethereum Foundation, initiated the EIP-3675 proposal to upgrade the consensus to Proof of Stake (Merge of Eth1 and Eth2). The proposal, which is still in draft form, states that the EIP abandons Proof-of-Work (PoW) and replaces it with a new Proof-of-Stake consensus mechanism (PoS) driven by the beacon chain. The proposal states that the beacon chain network has been operational since December 2020, during which time no safety and liveness failures have been detected. Long-term trouble-free operation is a testament to the sustainability of the Beacon Chain system and its readiness to start driving and becoming a security provider for the Ethereum mainnet.

(1) V God: Ethereum needs to expand to use cases other than token creation

3. Project trends

Vitalik Buterin, the co-founder of Ethereum, said at the Ethereum Community Conference (EthCC) that ETH has surpassed DeFi as its number one use case, and it is time for the network to move forward. V God said: "The Ethereum ecosystem needs to expand, not just make tokens that help trade other tokens. Expansion has happened to some extent, but we can do more." For example, Ethereum Square can help reshape the social media segment. Decentralized governance (DeGov) is another use for Ethereum network scaling. Finally, Vitalik admitted that he was disappointed with the current state of the digital collectibles or NFT field. He hopes NFTs can benefit wider society, not just celebrities. (U. Today)

(2) Vitalik responded to the rumors that EIP-1559 was postponed: most Geth core developers did not participate in EthCC

On July 22, Jimmy Ragosa, a member of the Ethereum community, teased on Twitter that Ethereum EIP-1559 will be delayed until 2022, because most Ethereum core developers are in the "Raave hangover". In this regard, Vitalik stated in the community that most Geth core developers did not participate in EthCC in response to community doubts.

3. Project trends

(1) The Ethermine mining pool announced that it will change the payment policy after the upgrade in London

Official news, the Ethermine mining pool announced that after the London upgrade at block height 12,965,000, the payment policy will be changed: 100% instead of 80% of the MEV rewards will be forwarded to miners; now it is also possible to initiate manual payments and change thresholds through IP verification; The minimum payment threshold will be reduced to 0.01 ETH and there will be no automatic monthly payment; the payment transaction fee paid by miners for all Ethereum mainnet payment transactions, miners can set the maximum gas price they are willing to pay.

(2) AntiMatter will launch a new token airdrop on July 25 and add liquidity to Uniswap

AntiMatter, a cross-chain perpetual derivatives agreement, said on Twitter that MATTER's new token contract is being audited by PeckShield, and the airdrop of new tokens will begin on July 25. The liquidity before the Chainswap attack event will be added to Uniswap before the airdrop, and the new token contract address will be announced near the start of the airdrop.

(3) Polygon launched a new department, Polygon Studios, to promote blockchain games and NFT work

Ethereum scaling program Polygon has launched a new studio, Polygon Studios, to advance its blockchain gaming and NFT work. Polygon Studios' core goals include: establishing Polygon as a leader in decentralized gaming; creating a brand that will attract developers and investors into its NFT ecosystem; and helping position Polygon as the platform of choice for the transition to Web 3.0 . Among them, Polygon Gaming Studio aims to help developers create and operate decentralized games. And Polygon NFT Studio is used to help brands and intellectual property owners launch customized digital collectibles and marketplaces.

(4) The DAI token bridge is launched in Optimistic, the second-layer expansion plan of Ethereum. Deposits are instant but withdrawals need a waiting period of one week

Officially, the DAI token bridge was launched on Optimistic Ethereum (OΞ), the second-layer scaling solution of Ethereum. MakerDAO's engineering team and Optimism have been working hard to bring scalability to DAI. The Ethereum Optimism DAI Token Bridge brings a fast, trustless, decentralized and modern version of DAI that exists to facilitate cheaper transactions. Deposits are almost instant, but withdrawals require a 1-week waiting period. L2 DAI is now integrated with the Optimism Portal UI and supported via Uniswap on Optimism.

(5) Crypto.com deploys its Ethereum virtual machine chain testnet

Ethereum Push Service (EPNS) announced a partnership with B.Protocol, a decentralized liquidity support protocol, and launched a pilot program to provide decentralized push notifications to support B.Protocol's lending model.

According to official news, SKALE, the Ethereum expansion plan, launched the SKALEIMA cross-chain bridge, which allows users to transfer digital assets including ERC20 tokens, ERC721 tokens, ERC1155 tokens, and general message data between Ethereum and the SKALE network. When a user cross-chains assets from Ethereum to the SKALE network, the SKALEIMA cross-chain bridge deposits the assets on Ethereum into the contract, and after about 10 blocks are confirmed, calls SKALETokenManager through a proxy in the SKALE network to transfer the cross-chain Information enables assets to cross-chain; on the contrary, assets on the SKALE network are destroyed and assets are released in the Ethereum contract. SKALE said that the cross-chain bridge has the advantages of safety, speed, decentralization, and low cost.

4. Borrowing

DefipulseIt is reported that EPNS is establishing a dedicated channel for B.Protocol. B.Protoco users can subscribe to B.Protoco channels to receive customized notifications for their wallets. Through cooperation with the B.Protocol team, EPNS will gain a deep understanding of the push notification needs of lending platform users and what they hope to obtain from the EPNS protocol. Decentralized notifications will provide real-time data to one wallet so that all users can take timely action. Lenders and borrowers can determine the most attractive rates and fees across all lending platforms. At the same time, all users can continue to operate within the B.Protocol ecosystem against different lending protocols without having to deal with integration issues across multiple protocols.

The data shows that the value of locked-up collateral on the chain rose from US$54.558 billion to US$61.223 billion last week, a week-on-week increase of 12.21%; the previous week (July 12-July 18) saw a net decrease of US$500 million, and a net increase of US$6.665 billion last week, a month-on-month increase of 1433% . Specifically, ETH mortgages rose from 9.342 million to 9.572 million last week, an increase of 2.4%; BTC mortgages rose from 183,265 to 186,335, an increase of 1.6%.

5. Mining