Author: Sophia Brown
Ethereum’s All Core Developer calls can be a lot to keep up with, so this “Checkpoint” series aims for periodic high-level updates, depending on what’s happening in core development. See the previous update here. tl;dr Glamsterdam progress is slow but steady: enshrined Proposer-Builder Separation (ePBS) implementation is proving to be trickier than anticipated and non-headliner features like gas repricing have their own complexities to work through. The following upgrade, Hegotá, now has chosen its major feature, FOCIL, with a commitment to work on Account Abstraction as part of the minor feature set. Non-headlining EIP proposals can be submitted starting April…
In late 2024, the Ethereum Foundation, together with Secureum, The Red Guild, and Security Alliance (SEAL), launched the ETH Rangers Program, an initiative to provide stipends for individuals doing public goods security work in the Ethereum ecosystem. The goal of the program was straightforward: to fund independent efforts that enhance the resilience of the Ethereum ecosystem, and to recognize people with demonstrated track records of meaningful contributions to important security work that benefits Ethereum as a whole. Now that the six month ETH Rangers Program has wrapped up, we want to share the outcomes of the 17 stipend recipients’ work.…
Ethereum price falls to $2,325 on profit-taking after rising to $2,416. The repeated rejection at $2,360–$2,400 resistance weakens the overall momentum. Breaking below the key support at $2,312 could send ETH toward $2,173. After a rally that pushed Ethereum close to $2,416, things quickly changed, and now ETH sits around $2,325. This sharp drop near $2,400 tells us a lot about where Ethereum’s headed next, at least for now. Pushback at $2,416 resistance Ethereum (ETH) initially surged about 10% in a sharp move that triggered liquidations and brought renewed attention to the token. After reaching around $2,416, momentum slowed, and…
Arbitrum froze 30,766 ETH before it could be bridged out. Attacker moved 75,701 ETH and began routing funds to Bitcoin. Over $176 million is being laundered through multiple parallel flows. Arbitrum has frozen a significant portion of funds linked to the KelpDAO exploit, even as the attacker moves to push the remaining assets beyond reach. The Arbitrum Security Council confirmed it froze 30,766 ETH, valued at over $70 million at the time of action. The funds were tied to an address associated with the KelpDAO attacker and were secured before they could be bridged out of the network. The intervention…
Corporations, US presidential candidate Mitt Romney reminds us, are people. Whether or not you agree with the conclusions that his partisans draw from that claim, the statement certainly carries a large amount of truth. What is a corporation, after all, but a certain group of people working together under a set of specific rules? When a corporation owns property, what that really means is that there is a legal contract stating that the property can only be used for certain purposes under the control of those people who are currently its board of directors – a designation itself modifiable by…
In the first part of this series, we talked about how the internet allows us to create decentralized corporations, automatons that exist entirely as decentralized networks over the internet, carrying out the computations that keep them “alive” over thousands of servers. As it turns out, these networks can even maintain a Bitcoin balance, and send and receive transactions. These two capacities: the capacity to think, and the capacity to maintain capital, are in theory all that an economic agent needs to survive in the marketplace, provided that its thoughts and capital allow it to create sellable value fast enough to…
In the first two parts of this series, we talked about what the basic workings of a decentralized autonomous corporation might look like, and what kinds of challenges it might need to deal with to be effective. However, there is still one question that we have not answered: what might such corporations be useful for? Bitcoin developer Jeff Garzik once suggested that one application migh be a sort of decentralized Dropbox, where users can upload their files to a resilient peer-to-peer network that would be incentivized to keep those files reliably backed up. But aside from this particular example, what…
The purpose of this post is not to say that Ethereum will be using Slasher in place of Dagger as its main mining function. Rather, Slasher is a useful construct to have in our war chest in case proof of stake mining becomes substantially more popular or a compelling reason is provided to switch. Slasher may also benefit other cryptocurrencies that wish to exist independently of Ethereum. Special thanks to tacotime for some inspiration, and for Jack Walker for improvement suggestions. Proof of stake mining has for a long time been a large area of interest to the cryptocurrency community.…
I first wrote the initial draft of the Ethereum whitepaper on a cold day in San Francisco in November, as a culmination of months of thought and often frustrating work into an area that we have come to call “cryptocurrency 2.0″ – in short, using the Bitcoin blockchain for more than just money. In the months leading up to the development of Ethereum, I had the privilege to work closely with several projects attempting to implement colored coins, smart property, and various types of decentralized exchange. At the time, I was excited by the sheer potential that these technologies could…
Important notice: any information from this post regarding the ether sale is highly outdated and probably inaccurate. Please only consult the latest blog posts and official materials at ethereum.org for information on the sale Ethereum received an incredible response at the Miami Bitcoin Conference. We traveled there anticipating many technical questions as well as a philosophical discussion about the purpose of Ethereum; however, the overwhelming amount of interest and enthusiasm for the project was much larger than we had anticipated. Vitalik’s presentation was met with both a standing ovation and a question queue that took hours to address. Because we…