Week in Ethereum News, May 28, 2022 - thanks to SpeedRunEthereum for making this issue possible! - OhNo WTF Crypto

Breaking News

Week in Ethereum News, May 28, 2022 - thanks to SpeedRunEthereum for making this issue possible!

#ETH #Ethereum

Eth News and Links

PoW switch off (the Merge)

  • Mainnet-shadow-fork-6 transition to PoS on May 31

  • Ropsten testnet reached Terminal Total Difficulty (TTD) before Ropsten beacon chain genesis:

    • miner added hash rate & lowered gas limit in malicious stress test

    • TTD being overridden to very large value to prevent merge

    • override TTD after Ropsten beacon chain genesis & Bellatrix upgrade to merge around June 8

  • Test the merge with Nethermind

Mainnet execution layer

Proof of Stake consensus layer

EIPs/Standards

Layer2


This newsletter is made possible thanks to SpeedRunEthereum!

Are you a web2 dev who wants to get into web3?  

The best way to go from zero to hero is SpeedRunEthereum.com.

Learn how to build on Ethereum; the superpowers and the gotchas.

Then speed run Ethereum by testing your skills in a series of challenges and join web3.


Stuff for developers

Security

Ecosystem

Enterprise

  • GameStop Wallet: Chrome browser extension, mainnet and LoopRing Layer 2

Application layer

  • Mirror Writing NFTs: sell and collect posts as NFTs on Optimism

  • Zora: create music (with album art), video and SVG NFTs

  • Uniswap $1 trillion cumulative trading volume

  • Fairmint (tokenized equity) open to all

  • Vitalik: evaluate automated stablecoins; can they wind down to zero users and can they charge a negative interest rate


Job Listings

Reach developers experienced with Ethereum.  $600 for four issues (~75 character limit), payable in ETH/DAI/USDC to abcoathup.eth on mainnet, Arbitrum or Optimism.  Questions? abcoathup at-gmail


Regulation/business/tokens

  • US Federal Reserve [PDF]: 12% of adults held/used crypto, 11% held as an investment, 2% used for payments and 1% sent to family/friends

  • UK financial regulator first crypto sprint

  • Stable coin dashboard

  • Seth Green’s Bored Ape stolen in phishing scam, ape used in upcoming animated show, claims to maintain IP ownership

General

  • US FTC: Twitter fined $150 million for using phone & email provided for security in targeted ads

  • US Department of Justice: good-faith security research shouldn’t be charged under Computer Fraud and Abuse Act

  • Caulk: lookup arguments in sublinear time, 100x faster than Poseidon


Follow @WeekinEthNews to find out what the most clicked links are. Follow @evan_van_ness and @abcoathup to get most of the week’s news in real time.

Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-may-28-2022


Dates of Note

Upcoming dates of note (new/changes in bold):

Did you get forwarded this newsletter? Sign up to receive it weekly



OhNoEthereum via https://www.ohnocrypto.com/ @Andrew B Coathup, @Khareem Sudlow