Ethereum: Ecosystem and Projects’ Updates, Opinion and Research Articles
Biweekly update 11th June — 25th June
Hello Ethereum lovers! For those who are a little behind of times, there was a lot of essential news these weeks! Firstly, as Justin Drake mentioned in the last Eth2.0 Implementers Call, the phase zero of Ethereum 2.0, which enables Proof of Stake, is targeted to launch on the 3rd of January 2020! Only seven months from now! Secondly, the Ethereum team made significant progress with current development as usual! Core Devs Meeting took place as Ethereum 2.0 development updates were published: Lighthouse, Nimbus, Prysmatic Labs. Parity v2.5.2-beta / v2.4.7-stable, Swarm v0.4.1, ZeppelinOS 2.4.0, Truffle v5.0.22 released. Ethereum ecosystem is impressive and it continues to flourish! New projects and protocols appear constantly! Developers have been working extremely hard over the period of the last two weeks so many updates on projects build on Ethereum appeared in the media landscape. Augur v2 to integrate bZx for margin trading. Dai Stability Fee up for a vote on going to 17.5%. Instadapp and CDP Saver built similar bridges between Maker and Compound. Transact easily between the two to generate cDai or repay CDP. Dharma now offers customizable loans to pick your own terms. First third-party casino from RaketheRake goes live on FunFair. Etherisc and Oxfam going live with insurance product for Sri Lankan farmers. Oxfam with ConsenSys and Sempo also trials Dai for aid in Vanatu. Connext to release single-node v2.0 on Counterfactual in July, followed by multihop in Q3. FOAM does proof of location over radio. Ethereum Foundation joins Hyperledger and Enterprise Ethereum Alliance. Iceland regulators approve Monerium on mainnet to provide European fiat payment services. Insurance Giant MetLife announces ‘Lifechain’, an Ethereum pilot program that aims to revolutionise the insurance industry. Research and opinion articles (“Minimal fully generalized S*ARK-based plasma” and “One fee market EE to rule them all” by Vitalik Buterin, etc) and videos from Berlin Ethereum Meetup were published. The year is well underway, cherry blossoms have fallen, and Devcon is quickly approaching! The conference’s fifth incarnation returns to East Asia later this year! Save the date — Osaka — October 8th-11th, 2019, and stay sharp! Speaker applications are open, with ticket sales to begin in mid-July! Serenity is just a matter of time. Stay tuned!
The technical side of Ethereum’s efficacy is 100% an engineering exercise
Developer activity (from Coinlib.io):
Constantinople is successful so far.
- Review previous decisions made and action items
a) EIP 1962: EIP 1679: Hardfork Meta: Istanbul
See also the dependency map by James Hancock
b) EIP 1872: Ethereum Network Upgrade Windows
c) EIP 1109: PRECOMPILEDCALL opcode (Remove CALL costs for precompiled contracts)
d) EIP 695 (Felix Thing)
- Working Group Updates
- Testing Updates
- Client Updates: Geth, Parity Ethereum, Aleth/eth, Trinity/PyEVM, EthereumJS, EthereumJ/Harmony, Pantheon, Turbo Geth, Nimbus, web3j, Mana/Exthereum, Mantis, Nethermind
- EWASM & Research Updates
- Testing Updates
- Client Updates
- Research Updates
- Spec discussion
That would be precisely 11 years after Bitcoin’s genesis block was launched on the 3rd of January 2009, with Justin Drake, an eth 2.0 researcher, citing the 11th Bitcoin anniversary as one reason for choosing that specific date.
He said they’re on track for phase zero spec freeze this June 30th, in about two weeks.
Thus, for new realistic targets, there are two milestones. First, the deposit contract is to launch ahead of the genesis block to allow validators to make deposits.
They’re hoping at least 2 million eth will be deposited, with a deposit contract ceremony to be held at Devcon in Japan “so that we can all agree on the address of the deposit contract and avoid scam deposit contracts,” Drake said.
The second milestone is the genesis block launch on the day Satoshi Nakamoto did so for bitcoin.
That would be soon after Christmas and after the new year, so symbolizing a new beginning for Ethereum.
This would allow three months of deposits to accumulate and 7 months from today for at least two clients to reach production status, Drake said.
EF-Supported Teams: Development Report 2019 Pt. 1
Posted by Ethereum Foundation Team on June 21st, 2019
Over the last year, developers and researchers supported by Ethereum Foundation have kept their heads down and continued to produce at a staggering pace.
Their focus has remained on their work, and together we’re all building a more complete Ethereum. Ethereum regular all-team update series is relaunching in a changed and ever growing ecosystem. Ethereum features larger dApp, developer and user communities than ever before, the network has continued to improve, and steady progress has been made on initiatives large and small.
While many teams do release their own well-rounded updates, Ethereum team thought it appropriate to bring the community the latest from many of the teams supported by the Foundation:
- Aleth / C++ Ethereum
- DevP2P Design
- EF Grants
- EthereumJS — TypeScript VM Other Research
- Ewasm during Q1 2019
- Ewasm during Q2 2019
- Python Ecosystem [PyEVM/Trinity/Web3.py/Vyper]
- Research [CBC]
- Research [Plasma]
- Research [Serenity]
- Security [Security / Consensus Tests]
- ZKSnarks Research
Ethereum 2.0 Development Update #28 — Prysmatic Labs: biweekly updates written by the entire Prysmatic Labs team on the Ethereum 2.0 roadmap.
Nimbus Eth2 client dev update. Nimbus and SigmaPrime’s Lighthouse clients are talking to each other.
CBC Casper: efficient LMD GHOST.
- Up-to-date with spec v0.6.3.
- RESTful HTTP API merged into eth2.0-spec.
- Significantly improved metrics and monitoring.
- Lots of progress on Discv5.
- Fuzzing Lighthouse.
- BLS standardisation and optimisation.
- More dedicated Lighthouse resources.
Update spec to v0.7.0 and pass all tests #158: Parity’s Shasper eth2 client updates to 0.7.
Ethereum 2.0 Deposit Merkle Tree: Explainer & Practical Implementation Guide.
Truffle v5.0.22 — some debugger improvements.
How does Bloom (identity) Share Kit work?
A tutorial in getting data off your own node.
Request Network API to create and read invoices.
Dex.ag API to embed best dex price in a widget on your site.
Handling revert exceptions in Solidity.
Shadowlands: create CLI dapps without the web.
Buguet: Eth debugger.
Poke: cobra CLI tool for Eth dev.
Grid: desktop (Electron) app as a base for ecosystem clients and tools.
3Box theads, a chat system for dapps using IPFS and OrbitDB.
EthereumJS VM v4-beta a rewrite in TypeScript.
Gas exactimation in Ganache.
Tutorial: implement an oracle in Solidity.
Loredana’s demo of a file System with on-chain semantic search on dType, Ethereum.
BurnerWallet Factory — make your own in a few minutes.
Governance and new standards proposals
EIP2124: Zero RTT chain compatibility check.
EIP2123: State-based Hard Fork Signaling.
ERC2126: Signature Type Recognition.
EIP1155: Multi token standard.
Tim Beiko’s live tweetstorm notes going through proposed EIPs. Accepted for Istanbul: EIP2024 blake2b precompile and EIP1702 generalized account versioning.
Can we get rid of donuts? r/ethtrader appears to have turned against “donuts” (Reddit’s community points) as a coinvote governance mechanism.
PoCo Series #6 — Smart Contract Upgradeability and Governance: iExec on how upgradeable contracts is governance.
dOrg launches limited liability DAO under Vermont regulatory regime.
Devcon V speaker applications are open, with ticket sales to begin in mid-July!
The community wiki covering all sorts of information on the next-generation peer-to-peer technology platform built by the Ethereum community, including Ethereum, the generalized blockchain for smart contract development, as well as related protocols like:
- Whisper, the private low-level datagram communication platform
- Swarm, a distributed storage platform and content distribution service.
- IPFS, a distributed storage platform.
The Beyond Blockchain Hackathon By Gitcoin & ConsenSys Labs: Register today and get paid to launch your next blockchain startup.
Developers! Answer Questions on the Ethereum Stack Exchange: Devs helping devs build a better blockchain ecosystem for us all.
FindEth, a tool to find lost Ether.
EtherCattle and Rivet: making Eth node infrastructure easier to manage.
Introducing Hopper: Mobile & web-friendly privacy for Ethereum: Argent unveils Hopper, “a zero-knowledge-based trustless mixer” to deposit 1 eth and withdraw to different address.
Better UX for noobs: gas spectrum transactions.
The Present and Future of Blockchain Interoperability: ConsenSys Catalyst launches a series exploring the necessity and fundamentals of ecosystem interoperability and proposes a path to get there, with the aim of realizing the full potential of Web3 technology.
Deloitte: 80% of Businesses See Blockchain as a Strategic Priority in ConsenSys blog: And 18 other must-read stats from Deloitte’s new report on the blockchain industry.
The Inaugural 0x Team Hackathon: A recap of 0x’s first internal hackathon.
LANDRegistry and EstateRegistry Updates: Changes and improvements in Decentraland’s LAND and Estate smart contracts.
Building a Decentralized Chat Client Using IPFS: This is the latest in a series of updates on the upcoming version of the Dether app. In this post, find out what it takes to build a decentralized in-app chat using IPFS.
The District Weekly — June 22nd, 2019: News and updates from the district0x Network.
Name Bazaar ENS Names Released: All affected names have now been released to their owners.
district0x Quarterly Report — Q1 2019: A summary of events and financials from the most recent quarter.
district0x Dev Update — June 11th, 2019: Development progress and product changes from district0x.
Upgrading our Borrow Experience: Borrow on your terms.
GECO Community Spotlight: A brief discussion with the team behind Protofire.
Cross-Chain Bridges are the Email of Blockchains: From intranets to internet — an interoperability solution for siloed blockchains.
Blockchain Exploration: a Community Effort: Help us give you the right tools with EthVM.
Technical Update — May-June Dev Sprint: From governance to keeper contracts, learn what the Ocean technical team has accomplished in the past weeks.
Also check updates by Paradigm:
- Aragon biweekly update 4th June — 18th June
- Basic Attention Token biweekly update 6th June — 20th June
- Decentraland biweekly update 5th June — 19th June
- Orbs biweekly update 5th June — 19th June
- OmiseGo biweekly update 10th June — 24th June
Other projects updates:
Moloch DAO Pool Audit Report: Nomic Labs second audit report on Moloch DAO.
Phonon Network: scalable, private payment system using Grid+’s SafeCards.
Connext to release single-node v2.0 on Counterfactual in July, followed by multihop in Q3.
Stats and graphs on defi lending in May.
FOAM does proof of location over radio.
Tokenized and tradable income share agreements with OpenLaw.
Augur v2 to integrate bZx for margin trading.
First 3rd party casino from RaketheRake goes live on FunFair.
Enigma releases their Discovery developer testnet.
BBC covers Bounties Network’s trash cleanup in Manila.
TruSet and Imbrex partnering for state by state collection of residential real estate contracts.
Insurance giant MetLife is live on mainnet with a pilot program “to help loved ones quickly determine if the deceased was protected with a policy and automatically file a claim”.
Treum (formerly Viant) live on mainnet tracking and tracing commercial organic hemp.
Opyn live on mainnet. Noncustodial margin trading platform on top of Compound, Uniswap, & DAI.
bZx margin trading launches with 750k in liquidity.
A market map from Electric Capital.
Opinion and research articles
Near-instant transaction confirmation via staggered shard block production: Vitalik Buterin on sharding.
One fee market EE to rule them all by Vitalik Buterin. Eth2 phase 2.
Minimal fully generalized S*ARK-based plasma by Vitalik Buterin.
Pairwise coordination subsidies: a new quadratic funding design: Vitalik on economics.
Work to natively integrate Eth1 into Eth2 by JustinDrake. Eth2 phase 2.
Formal Verification of Ethereum 2.0 Deposit Contract (Part I) by Daejun Park.
Handel: Practical Multi-Signature Aggregation for Large Byzantine Committees by Olivier Bégassat, Blazej Kolad, Nicolas Gailly, Nicolas Liochon: The authors present Handel, a Byzantine fault tolerant aggregation protocol that allows for the quick aggregation of cryptographic signatures over a WAN. Handel has logarithmic time and polylogarithmic network complexity and needs minimal computing resources. They implemented Handel as an open source Go library with a flexible design to support any associative and commutative aggregation function. They tested Handel with a BLS multi-signature scheme for BN256 on 2000 AWS instances running two nodes per instance and located in 10 AWS regions. The 4000 signatures are aggregated in less than 900 milliseconds with an average per-node communication cost of 56KB.
Question to Twitter economists.
[TLDR: are deadweight losses from taxation *actually* quadratic?]
Thread: A common model of taxation is as follows: if a tax is very low, then the economic distortion caused by the tax is *quadratically* low because…
Overview of Layer 2 approaches: Plasma, State Channels, Side Chains, Roll Upsby Alexander Skidanov.
Press and podcasts:
Talking Ethereum with Ameen Soleimani on Into the Ether: Ameen Soleimani, CEO of SpankChain and summoner of Moloch DAO joins the podcast. He talks about how he got into crypto and the journey so far at SpankChain. He then discuss layer 2 payment channel solutions and how progress is being made there. Ameen then talks about the background of Moloch DAO and its success so far. Finally, he wraps up with some general discussions about Ethereum related to funding, governance and more.
The BKP Podcast–Episode 1: How Blockchain is Making Infrastructure Investments More Accessible: This week the Brooklyn Project Podcast talks with ConsenSys portfolio company Allinfra about infrastructure investing using the Ethereum blockchain. In a conversation with Dave Sandor and Bill Kentrup, co-founders of Allinfra, Joyce Lai learns how the team seeks to change the investment dynamics in the historically slow-moving, but important infrastructure asset class. Through bypassing traditional funding intermediaries and bringing infrastructure assets closer to investors, Allinfra hopes to not only improve relative financial returns but also create positive changes in social and environmental views.
The BKP Podcast–Episode 2: Crypto Regulatory Landscape in Hong Kong: Hong Kong University Professor Brian Tang Discusses Hong Kong’s Token Regulatory Landscape
Brian Tang, Founder of ACMI and LITE Lab@HK, shares with Joyce Lai how Hong Kong, as one of the top three IPO destinations of the world, is continuing to innovate to be internationally competitive as a global capital-raising center while protecting investors. Brian also sheds light on the relevance of the recent Alibaba listing in Hong Kong and also Hong Kong’s “one country, two systems” framework.
How Truffle Teams Will Change Enterprise Blockchain Development: An Interview with Mike Seese–Technical Lead for Truffle Teams–about the TruffleTeams features, blockchain development, and more!
Nick Johnson — Lead Developer for ENS: An episode of BlockHash: Exploring the Blockchain.
Episode 7: Burner Wallet with Austin Griffith: An episode of Wizard of Dapps, a podcast about decentralized applications, how they are built and their impact on the web.
Hashing It Out #49 — xDAI Burner Wallet — Austin Griffith: You’ve seen this man all over YouTube, often rockin’ a bowtie, and showing some amazing and dynamic live demonstrations of his creative process in designing new user experiences for Ethereum. Author of the xDAI burner wallet, expert in meta transactions, and dapp development pioneer, Austin’s energy and knowledge is palpable. This episode is a lot of fun and highly educational.
Grid+: Lattice1 Hardware Wallet and Announcing Phonon Network: Alex Miller and Karl Kreder of Grid+ join Into the Ether to talk about exciting things their team has been working on. Their core energy business is growing in Texas but they’ve also been working on some really exciting things on the hardware front. The Lattice1, open for pre-orders now, is a new take on hardware wallets that is trying to revolutionize both UX and security. On top of that, they announce on the show a brand new Layer 2 scaling solution called Phonon Network.
DARMA Capital’s Andrew Keys and James Slazas: $100M Ether Fund Launches — Largest of 2019: Host Tom Shaughnessy of Delphi Digital (DelphiDigital.io) is joined by Andrew Keys and James Slazas of DARMA Capital to discuss DARMA’s $100M Ether Fund. This episode was recorded on the day of Andrew’s announcement that he was joining DARMA, after an impactful career at ConsenSys. DARMA’s flagship fund is a $100M Ether optimized long strategy with $100M under management, which is sizeable for the space. On this episode they go into the strategy, both James and Andrew’s careers, their results, goals and so much more. The brain power between James and Andrew is remarkable.
58-The Frontier of Dai, With Mariano Conti on POV Crypto: Mariano Conti is an Argentine developer for MakerDAO. He works as the head of Oracles for the MakerDAO system, and receives his paycheck in Dai. Mariano takes David and Christian though his experiences using crypto out of necessity, rather than speculation. David and Christian ask Mariano to compare using Bitcoin vs using Dai as a money for his own personal finances. They also discuss how Mariano leverages Ethereum applications such as DYDX to earn interest on his capital.
Hayden Adams. Uniswap — An Automated Decentralized Exchange for Ethereum: The concept of a decentralized exchange has been a holy grail in the cryptocurrency space for many years. Many attempts have been made, but most decentralized exchanges suffered from central points of failure, poor user experience and little liquidity.mLaunched during Ethereum’s DevCon 2018, Uniswap is one of the first fully decentralized exchanges and managed to become the leading DEX very fast. The host was joined by Uniswap Founder Hayden Adams to discuss Uniswap’s unique model, the different participants in the protocol and the importance of decentralized exchanges for the blockchain space.
Topics they discussed in this episode:
- How Hayden’s exploratory project to learn smart contract development took off and became Uniswap
- How Uniswap works and its different participants
- The advantage of an automated exchange instead of using order books
- The role of liquidity providers in Uniswap
- Feedback loops that can make Uniswap markets popular or collapse
- The challenging economics of liquidity shares
- Addressing Arthur Hayes’ criticism of decentralized exchanges
- Why Uniswap didn’t create a tokeneconomic monetization model
Berlin Ethereum Meetup 2019/05/24:
Whiteboard Series with NEAR | Ep: 21 Alex Chapman from Augur: In this episode of the Whiteboard Series, NEAR co-founder Illia Polosukhin speaks with Alex Chapman who’s a Tech Lead at Augur.
Daxia Podcast Episode 13 with guest Thomas Jay Rush: Thomas Jay Rush is an wise sage of the data world. From internet pioneer to poet and back to data revolutionary, Jay runs Quikblocks, a company set up to decentralize data access on Ethereum. Nick and Jay talk about the necessity of running nodes on the network and Jay tells us how this whole experiment is going to end if we all refuse to protect our data.
June 25–27 — EthPlanet hackathon (Beijing)
July 3–5 — WindingTree’s HackTravel (Lisbon)
July 19 — BuildETH (San Francisco)
July 19–21 — State of Scale (Los Angeles)
July 22–23 — Buidl 2019 (Seoul)
Aug 2–4 — ETHIndia (Bangalore)
Aug 2–4 — TruffleCon (Redmond)
Aug 21–23 — Dappcon (Berlin)
Aug 23–25 — ETHBerlin
Sep 3 — Deadline to apply for EU Horizon Prize.
Sep 6–8 — EthBoston
Sep 15 — Augur v1 cutoff
Sep 15 — Ethereal Tel Aviv
Sep 15–16 — StarkWare sessions (Tel Aviv)
Oct 8–11 — DeVcon (Osaka)
When I came up with Ethereum, my first thought was, ‘Okay, this thing is too good to be true.’ As it turned out, the core Ethereum idea was good — fundamentally, completely sound.
- Vitalik Buterin
Release Step Three: Metropolis phase 2: Constantinople.
Constantinople is successful so far.
Release Step Four: Serenity. Serenity is meant to move from consensus through Proof-of-Work to Proof-of-Stake.
Yay, more centralized internet companies being less than totally trustworthy!
Ethereum co-founder Joseph Lubin said that Facebook’s Libra is “like a centralized wolf in a decentralized sheep’s clothing” in an article published on tech news outlet Quartz on June 21.
The social media giant released the white paper for a its cryptocurrency dubbed Libra earlier this month to mixed reviews from experts in the cryptocurrency and blockchain industries and concern from government regulators.
In his article, Lubin notes that Libra’s white paper describes feelings common among many in the cryptocurrency community. It states that “sending money across the globe should be as simple and inexpensive as sending a message on your phone,” and “financial infrastructure should be globally inclusive and governed as a public good.”
William Shatner’s Startup Brings New Meaning To ‘Enterprise’ Ethereum on Forbes: William Shatner isn’t just involved with Mattereum, he’s founding a company to use Mattereum to track memorabilia provenance from creation.
The CryptoKitties of Stamps: Austria’s Post Office is selling stamps with associated ERC721 collectibles.
Social media metrics
Social media activity:
Social media dynamics:
Ethereum community continues to grow. There is constant slight growth in Ethereum social media channels these weeks.
Facebook — Official announcement channel. Recent publications — about Ethereum Core Devs Meetings, Conferences (20–100 likes per publication).
Twitter (Ethereum) — Official announcement channel. Duplicates news from Facebook page (250–500 likes per publication, 30–50 comments). Average number of shares is 100–200 for one post.
Twitter (Ethereum Network) — News from DApps (10–20 likes per publication, 1–5 comments, 1–10 shares).
Twitter (Ethereum Report) — Retweets from official announcement channel and team members’ pages.
Reddit — News about projects and blockchain, links to interviews, podcasts, upcoming events. The longest thread has 161 comments (Welcome to r/ethereum — the Reddit frontpage of the Web 3.0).
YouTube (Ethereum) — Last video on July 27th, 2017 (5000–20 000 views per video).
YouTube (Ethereum Foundation) — Videos from conferences, meetups, Ethereum Core Devs Meetings.
Ethereum Community Forum. Recent Discussions: Forum has been hacked, Security alert, Forums Database Compromised, Help Stop Forum Spam, Developing Guidelines for acceptable Promotion and Marketing on the Ethereum Forum.
See also Fellowship of Ethereum Magicians forum.
There is a constant slight growth in Ethereum community over time. The graph above shows the dynamics of changes in the number of Ethereum Reddit subscribers, Twitter followers and Facebook likes. The information is taken from Coingecko.com.