The Beacon Chain is awesome:
- Continues to be live past 33% attacks/failures
- Enables an extremely long and highly decentralized tail of independent stakers - the unsung heroes, bottom 50% stake which keep the top 50% in check
- Highly distributed multi-client (>5) network
tl;dr:
1. proposer boost (was created to counteract balancing attacks (arxiv.org/abs/2203.01315, eprint.iacr.org/2021/1413.pdโฆ) on Ethereum PoS
2. only some nodes had upgraded
3. reorg caused due to boost applied by some but not all nodes
4. not an issue as all nodes eventually upgrade
This, unfortunately, shows that the analysis by @gakonst and @VitalikButerin here was too optimistic when the article claimed re-org stability will improve in POS over POW.
We have not seen 7 block reorgs on Ethereum mainnet in years.
paradigm.xyz/2021/07/ethereuโฆ
Web3 Identity: Soulbound Tokens (SBTs) and Verifiable Credentials (VCs).
Polarizing and tribalizing at this stage is cringe, let's do better.
An attempt at opening minds on two interesting yet different standards:
A few months ago, I wrote about the endgame bottleneck to blockchain scaling: historical storage for DA layers
So, looking years/decades into the future, what is required for absurd numbers like 100 million TPS?
Turns out, it's easier than I thought:
polynya.mirror.xyz/EpFL1V1amโฆ
Rollups put tx data on L1 chain. This is costly now (note: fees will go down after EIP 4844). Let's see what can go wrong if data is not posted on-chain ๐งต
I published additional thoughts on why Sign-In with Ethereum is a game-changer for user choice on the internet, and why it's in every web2 org's best interest to adopt it.
blog.spruceid.com/why-sign-iโฆ
The @Ethereum Foundation is searching for a Hiring Coordinator to help find great people for our community of teams & projects.
Ready to support hiring efforts, and to add value to the Ethereum ecosystem? Find a full description below, and apply today!
jobs.lever.co/ethereumfoundaโฆ
.@immutable has submitted its proposal to the @apecoin DAO.
BAYC was born on Ethereum, and it should live here.
L2 scaling can offer autonomy, security and scale while staying on the worldโs best blockchain.
forum.apecoin.com/t/aip-ideaโฆ#KeepApesOnEth
Interesting all core devs call just now. The high level takeaway is that none of the events this week will have any impact on Merge timing. Progress towards the Merge actually continues unhindered and is doing well. If Ropsten goes well in a couple they will more or less be done.