Ethereum ACDE 171 Unveils Exciting Developments

In the fast-paced world of cryptocurrency and blockchain technology, Ethereum’s latest All Core Developers’ Meeting (ACDE 171) held earlier today was a whirlwind of updates, proposals, and discussions. This meeting provided insight into various aspects of Ethereum’s development and its potential impact on the blockchain community. Here’s a recap of the key highlights from ACDE 171.

Dencun Devnets and Validator Insights

The meeting kicked off with an update on Dencun Devnet 9, set to launch tomorrow. Barnabas Busa shared details about the launch, revealing that a significant portion of validators, approximately 75%, are set to use either Nethermind or Geth. Meanwhile, 19% are opting for Besu or Erigon, with the remaining 2% divided between Reth and EthJS. The Devnet 9 specifications can be found here.

EIP-4788 Audits

EIP-4788, a hot topic in the Ethereum community, received significant attention during the meeting. Tim Beiko discussed the audits conducted on the contract bytecode. Three esteemed auditors, ChainSecurity, Dedaub, and Trail of Bits, were hired to review it. While not all audit reports are available yet, the initial feedback suggests that there have been no new issues identified beyond those discussed in the initial review.

Holesky’s Relaunch

The Holesky chain relaunch was another highlight of the meeting. Despite some initial hiccups in the first ten epochs, the chain began finalizing successfully, boasting a participation rate of 70-80%. The main issues causing validator downtime were traced back to problems with Prysm + vouch and an excessive number of validators running on a single node. Solutions for these problems were already in progress during the meeting.

EIP-7503: Private ETH Transfers

One of the most exciting moments of ACDE 171 was the introduction of EIP-7503. This proposal outlines a scheme for private ETH transfers, involving the burning and reminting of ETH. Users would send ETH to a provably un-spendable address, similar to any other ETH address on the chain. A new transaction type would then allow users to provide proof of the burned ETH and remint it at a different address. This innovative concept generated numerous questions and discussions about its practicality and implications for Ethereum.

Changes to EIP-6780

Lastly, ACDE 171 saw a small but significant change to EIP-6780 proposed by Guillaume Ballet. This change deactivates SELFDESTRUCT, except when it occurs in the same transaction as contract creation. The EIP previously contained a specification that was problematic in a post-Verkle Tries world, which has now been removed.

In conclusion, Ethereum ACDE 171 was a whirlwind of updates and proposals, showcasing the dynamism and innovation within the Ethereum community. From Dencun Devnets to private ETH transfers, Ethereum is poised for significant developments in the coming weeks. The next ACDE is scheduled for October 12th, and the Ethereum community eagerly anticipates more groundbreaking discussions and advancements in the world of blockchain technology.

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