EIP4844 is coming, Instagram integrates with Polygon - The Daily Gwei Refuel #481 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of The Deadly gray refuel where it got the latest news in ethereum maker system I'm your host Anthony 3rd of November 2022. right everyone let's get into it so some fresh proto-dank sharding news today from flcl who is a core developer at uh never mind I believe uh so you can see here that they were syncing Proto dank sharding or erp4844 locally our next step is devnet V3 blobs seem to be very promising so yeah we're already moving through the devnets as I've mentioned before it goes devnets test Nets then uh the mainnet the test Nets there's differences sometimes has like short-lived test Nets and longer live uh oh sorry Pharaoh says short-lived test Nets and then we get these things deployed to the

long-standing test net such as girly and sapolia and then obviously it goes to Maine now I remember I mentioned a few days ago that the race is really on to get 48.44 included in the Shanghai update we're going to know more by the end of this month I think by the end of November in terms of if it's going going to be included or not I think we will probably know by the end of the month uh because leaving it much longer than that it's not really going to leave much room for the relevant testing that needs to happen before it could be included on mainnet but there are a lot of people working on it right now and a lot there are a lot of people who want it to happen in Shanghai so we'll see you know obviously I'll keep tabs in it and keep you guys updated on it I'm hoping it

happens but at the same time I'm hoping it doesn't get rushed or anything like that um I wouldn't want something getting rushed into the protocol just for the sake of people being excited about it and then a bug happening you know what's funny about this as well is that it reminds me of erp1559 that was obviously a major change to the ethereum network and that took two and a half years from when the appear was submitted to implementation even if proto-dank sharding only makes it in the update or the upgrade I should say after Shanghai uh it would still make it into the network along uh in a much shorter time frame than 1559 did even though I would say that it's uh it's it's a pretty big upgrade generally as well it's not something small so I guess it speaks to the fact that we are shipping things uh faster in in ethereum uh which is which

is really really cool but of course Shanghai will uh include withdrawals and maybe a few other eips that's pretty much definite at this point uh and obviously you guys know I'm super excited about withdrawals because I think that's going to lead to a really nice uh great reshuffling as I've called it uh but even if it doesn't I think that it just closes the loop and finishes off the ethereum proof of stake migration because it's not really complete until we have withdrawals because right now obviously it's still a one-way Bridge uh but yeah we'll uh we'll see if Dan schaden gets into the Shanghai update as I said we'll probably know more about the end of the month all right so a new feature on the ethereum.org website so uh they've introduced learning quizzes to the website where you can test your knowledge about ethereum so you can see here there is a screenshot of the

website and asking very basic questions you know what is ethereum ethereum's native cryptocurrency is called and then you've got a list of four answers to choose from here uh and there's uh eight popular Pages you can now test your ethereum knowledge across them and have more a lot of fun learning about ethereum the quizzes are currently targeted users early in their journey of learning about ethereum they provide instant feedback and explanations to fix inaccurate mental models metal mental models quickly and efficiently after your quiz Click Share results to show your Twitter uh friends that you're an expert in training so as I said this is uh more geared towards the newer people to the ecosystem I'm not sure how many of uh of you out there are on the newer side of things uh obviously things I talk about on The Daily gray are

probably for the more advanced ethereum but it doesn't matter I think I think even if you you're can you consider yourself to be more advanced in your knowledge and not a beginner you probably will still get some value out of just going through these questions and um and also I think just going through them reinforces your your not your existing knowledge as well and you can also share on Twitter if you get 100 or something like that on the quizzes and say hey I've got 100 on all these and then your followers can can see it and maybe they are new new to the ecosystem and they can go try it out and I just overall love this idea because obviously I'm a big fan of just general education within the ethereum community especially for newer people because I mean realistically like there are way more new people yet to come into the

ecosystem than there are people who are consider as I said like an advanced ethereum right for example so we need to be focusing on them more than the on the um the ones that are already here and uh and have the knowledge and you know people always will say things to me like how are we ever going to scale ethereum to the world if it's so complex to use and everything so uh uh so complicated to understand I'm like well as I've mentioned before most people aren't going to be interacting with ethereum the way we interact with ethereum today right I don't expect most people in the world to download metamask and interact directly with the uni swap interface for example right I expect them to go through third parties I expect them to use centralized and decentralized third parties that market themselves as end user facing uh just like most people

don't interact with uh the internet the lower levels of the internet right a lot of the layers of the internet just like many people don't run Linux desktop right Ubuntu most people run Windows and Mac OS because it's just much easier for them to to utilize and it's obstructed away everything but that doesn't mean you can't learn about these things uh and and if you're interested in them obviously not everyone will be interested in them but if you are you can definitely check out this new quizzes uh section on the ethereum.org website I'll link this in the YouTube description below for you to check out all right and Mev related update again today so there's a thread here from a block native where they said we analyzed all Mev boost blocks since the merge and found that on average only three eight point eight percent of an Mev boost

block is from private transactions while the rest is from public mempool transactions while not all blocks contain private transactions the average proportion of private transactions per block is growing and you can see here this is broken down by relayer between uh blocks route Eden flashbots uh block native manifold and the new relay ore uh so you it's interesting because uh block native doesn't have any private transactions running through their relay right now uh whereas I think relay or is in the lead actually there is a percentage breakdown here yeah so you can see here that both block native and blocks route ethical have no private transactions running through them whereas uh blockchain Max profit and block shot regulated have about 2.5 percent even at 3.7 flashbots at 4.4 manifold at 1.5 and relay all at Five

Point 0.5 already so it's this this relay or relay that I've been talking about lately seems very Cypher Punk to me right there there are an Anon team they're non-censoring uh they're enabling private transactions to run through them so they seem to be just like uh uh sticking their finger up at the uh compliance that other relays are doing within the ecosystem which I really love uh obviously but um it's just interesting to see that they've grown so so quickly and on that note as well they just continue to grow on the um the Mev watch front so if I bring I should have this website up I've said that before but if I bring up the website here uh there was an update today actually to this website where uh they I think they fixed their stats up

here so you can see that 71 of the network is unfortunately now enforcing this ofak compliance thing or AKA um censoring to another cache transactions but if that's on all blocks if we unclick all blocks we can see the relayers you can actually see that flashbots's dominance is going down really really quickly so it's it's under 75 now a couple days ago or a few days ago that was like 85 percent and non-censoring relayers are actually um responsible for for growing here you can see that blocks route Max profit is up to 11.3 percent uh that's a non-sensing relay uh ethical blockchain ethical 3.5 relay or and manifold at 0.7 percent and then in this chart you can also see the um the growth as well where you can see the from here where October

27th a 97 of Mev boost uh blocks were ofak compliant uh and then since then it's only been what a week since then or so we are down to 84 so we have reduced it by four uh 13 uh which is awesome like that's what we want to see we want to see this red uh trending down on this green becoming a bigger share of the pie here and then obviously we can include all blocks as well and you can see now according to mevwatch dot info uh they're I think 90 or so of the network uh yeah about 90 of the network is running Mev boost in some capacity now so there's only uh 12 or sorry I should say like 10 to 12 because this has changed from when I looked at it before uh 10 to 12 percent that are

not running Mev boost at all it's pretty crazy when you when you kind of like uh when you think about it and I think that uh I'm not exactly sure how they measure this because I've showed you guys rated.network before and uh coinbase I mean most of their blocks are vanilla blocks right now but I think what they've done is that if there is a public announcement that Mev boost has been enabled on validators then they've probably added it to this uh based on the stat the metrics from radar.netic but I have to I have to basically uh confirm that but yeah 90 around 90 of the network is is currently running Mev boost so because the vast majority of the network is running it I'm very very glad that the the growth is actually been in the non-censoring relays and as I mentioned before it's all profit driven so we can expect uh these kind of

things I like Max profit and and other things like the relay or and stuff like that to to basically uh to sorry to essentially uh uh continue to grow and continue to get more market share which I think is obviously very very cool uh but yeah I'll keep you guys updated obviously over a longer time frames we'll have to see how this plays out uh but yeah go check out this block native thread as well I'll link it in the YouTube description below all right so I highlighted a new resource from superfuz the other day where he's got a GitHub repository listing out uh important dashboards within the ethereum ecosystem well there's also this site that was spun up uh by someone who joined the daily Discord channel uh I think their name is uh blue shadow in the daily way Discord Channel they shared this uh and it's called eth.xyz and it's basically a

visualization of all of the dashboards that superfuse has in his GitHub repo so just another resource that you guys can use and you can sort these dashboards as well uh by general ethereum you know staking Mev related all that good stuff there so definitely check that out as well I'll link it in the YouTube description below all right an update out of the rockapool ecosystem today so rockapool smart node V 1.7.0 was just released which is a highly recommended update for all users this is a large update including some breaking changes so please carefully read all the patch notes below before updating so if you are running any rocker pull infrastructure you it can be sure to upgrade to version 1.7 but as was warned here be be careful and read through the patch notes before updating which which you'll obviously find Linked

In the YouTube description uh below but yeah I mean rockapool is another Network that has been growing lately but I think their growth has uh slowed a little bit if I go to raider.network here I saw it a little bit uh and it's uh they're at about two percent right now uh and I was looking at this before actually metrics around growth it seems Lido's picked back up again because of the fact that the quote unquote Peg was was restored or at least like steth went back to parody with eth so people I guess are feeling confident going back into uh to Lido here uh and I believe CBE which is coinbase's liquid staking token is at 0.98 when fair value is 1.013 so that's going back as well and I think we're seeing more people staking with these Services uh but rockapool is is that two

percent which is cool I mean rocket poor only uh it hasn't been around for that long in terms of being live on mainnet uh and they've grown relatively quickly which is which is awesome to see and they obviously continue to push out updates with version 1.7 coming out uh but I would love to see rockapool at like something like you know five ten percent uh something like that yeah I've mentioned before how I don't think that anyone um I guess entity should have too much of share of the network but we need to do better than lighter having 30 obviously uh and we need to do better than coinbase having 12 you know I'm more concerned about coinbase than I am about and and Kraken and and maybe binance to an extent than I am about Lido because of the fact that you can you split it out into different entities

here as you can see uh but I'm definitely more concerned about these big centralized exchanges is which we you know they're they're basically one single monolithic entity where coinbase controls twelve percent of validators and they can do whatever they want with that crack in his eight percent uh I'm not really and and they're both us-based I'm not really concerned about uh uh a binance as much because they're not us-based uh but yeah I mean and and like a lot of Lido entities aren't based in the US either that's that's what I look at because when I think about realistic attacks on ethereum from nation states I mean it's it's best to look at at the US right like they all have already attacked ethereum with these ofak sanctions and they've already caused damage to ethereum but with these relays engaging in censorship and things like

that right uh so from that perspective I I look at that and I look at which ones are actually domicile in the US and the the risk factor for me goes up massively if that's the case uh but not not for solo validators but for these entities like coinbase and Kraken I mean they're completely visible they're completely regulated as I said some of these centralized exchanges are regulated harder than banks are and they're an easy target for uh for nation states especially uh sorry especially for the us since they're based in the US uh whereas later yeah it's a U.S company as as far as I know uh it may not be but I believe they do have people uh based in the US there but a lot of their entities as I've shown before are not in in the US are not registered in the US which is

which is obviously uh are much better than maybe coinbase or Kraken but still they have a large percentage of the network they have over 30 limo penetration which if you were to kind of rank these things it that's that's putting them on par maybe or almost on par with a coinbase or a or a kraken uh but they do have that Saving Grace of uh of spitting out to other different entities here but I don't want to get into like the whole thing here I've talked about this before I know people disagree with me on this but going back to original points uh rocker Paul looks much better than anything here because rocker pool is an actual decentralized LSD right like liquid staking derivative all the liquid staking pool I should say and you can see here that they have 1590 deposit addresses as part of that two percent so obviously much much more

decentralized and distributed than than Lido and any other services on here uh but we want to see them grow so I hope to see them go up to you know five percent ten percent or something like that and I really want to see Lido below at least 20 like I don't like that it's just been stubborn at 30 but as I've said before like uh it's much it's easier for things to grow uh especially when starting from a smaller base than it is for things to go down because for things to go down they actually have to be out competed by the other services because obviously there's no withdrawals right now and I've mentioned I know I've mentioned this so many times and beating a dead horse here but I want to keep reminding people that for it to go down uh we have to wait till withdrawals

happens because until then it people will exit their position but they're not actually withdrawing their eighth they're just exiting their stf position for example on the open market and and that's why you say that um the value of stas fluctuate as well because of that that Dynamic there but uh yeah anyway living that at that one today uh as I said you can go check out uh version 1.7 or rocker pool I'll link it in the YouTube description below all right so massive news out of polygon today so uh you can see here Ryan uh Wyatt who is the CEO of polygon Studios I put out a tweet saying a major announcement earlier this year we announced the display partnership with meta which is the company behind Facebook and Instagram uh now meta has selected polygons POS chain for minting digital Collectibles for the first time

ever creators will be able to Mint and sell polygon power digital collectibles on Instagram so I know meta has come Under Fire a lot lately uh for their focus on the metaverse and their stock price is absolutely tanked but that doesn't take away from the fact that Instagram has 2.5 billion users I believe I'm not sure how many of those uh daily active weekly active or monthly active but there are a lot of people on Instagram right and now we have this announcement that meta has selected polygons POS chain uh fermenting these uh digital Collectibles or nfts and allowing people to to sell them directly on the Instagram app and you can see an interface here where there's like a collection screen a cell collectible screen there's a metamask integration

directly in here which is really really cool uh you can see that you can um you can uh you can uh buy nfts and sell nfts and also the fee is paid by meta because it's on the polygon POS chain obviously the fees are a lot cheaper than on ethereum mainnet uh but very cool to see that it's uh that that's they're actually calling it out as paid by meta there but I mean do I have to say it guys like polygon obviously just continues to kill the business development game uh and you guys know I'm an advisor to polygon just another disclosure there for you but at this point it's just very undeniable that they've just killed the business development game they're killing all the competition when it comes to this sort of stuff uh they do a lot of this stuff in the background and you only hear about it when it's actually announced

which is pretty cool uh and they do a lot of marketing around this as well and you know regardless of your view on nfts and and Instagram and meta generally I think that you know polygon is one of the teams uh one of the the leaders if not the leader of bringing new people into the crypto ecosystem which is a net positive for everyone I believe so yeah you can go check out this um announcement yourself I'm sure you already saw it there's tweets from polygon and and the and the co-founders and obviously Ryan here about this uh but yeah if you're an Instagram user obviously this might be uh this also might be uh uh something that you're interested in uh but yeah I guess congrats to polygon on Landing this a partnership it's absolutely massive uh I I think that uh this isn't the this isn't the only thing that they're going

to be announcing I have a feeling they got more up their sleeve and I'm not just I'm not saying that because I have any uh Insider knowledge or anything like that I don't actually hear about these things until they're public either even as an advisor so but you know based on polygon's track record I'm sure there's more coming up uh from here all right so assistant which I have talked about before which is a new bridging protocol have announced today that proof-based interoperability is here so they've announced the first demo proof of a consensus bridge at demo.ccsync.xyz this demo uses a ZK snark ethereum proof of stake light client to power a trust minimized bridge between Gurley and nurses chain and there's a thread explaining what this is here now I've talked about succinct before as I mentioned they're a new type of bridge trying to use ZK star snarks and like clients in order to create a

try a very trust minimized Bridge because as we all know like Bridges uh you know leave a lot to be desired these days within the um a crypto ecosystem uh which is uh you know not something I think controversial to say but if you want to learn more about this you can check out this this thread here I'm not going to go on another tangent and rant about bridges in general there hasn't been any major Bridge hacks lately I believe at least at least I haven't been made aware of any but that doesn't mean that they're won't be any in the future and we have to be vigilant about this because as I've mentioned before these bridges are the massive honey pots right they always will be and I think that the the better we can the better and more secure we can make these Bridges the better it will be for the entire ecosystem not just for people

that are using other chains but also people that are using layer twos as well because we know that there are bridges between layer twos and side chains and and I don't know the hybrids like the validiums and stuff like that so we want to make people's experience there both secure but also uh user friendly and that's what succinct is trying to do here I think using this uh this new this ZK snipe technology but as I said you can read this this uh thread I'll link it in the YouTube description and below all right some uh Alpha from pseudo Theos today around uh some some ZK stuff that scroll is working on so you can I read their tweet here where they said ZK based l2s have straight have a straightforward path to decentralization by leveraging existing GPU mining

infrastructure to create decentralized proving networks now I've spoken about this before where basically gpus could be repurposed from from mining in order to be uh approver on these ZK based l2s uh and now pseudo-theos has shared a bit of alpha that uh that scroll's been working on and scroll seems to have their own GPU prover so you can say as you can see here the first paragraph reads in designing our ZK VM we quickly realized putting the evm into a ZK proof would result in a large proving overhead due to incompatibility between native fields to reduce time to finality on layer 1 resulting from this proving time we decided to build our roller Network a permissionless and decentralized network of provers who generate proofs for scroll layer 2 blocks I've mentioned the roller Network before I think a little while ago now but this is obviously a um

another teaser about it and they mentioned you know there are two technical benefits of uh Scrolls decentralized proven network uh they have designed their prover proving infrastructure to be highly paralyzable this means that scroll is able to massively scale proving compute simply by adding more proving nodes and the community will be incentivized to build sustainable substantially better Hardware Solutions and run proofers themselves instead of relying only on the scroll team in a centralized way to bootstrap in the initial phase of the network uh scroll is building GPU proof of solutions internally which we will open source for public usage that's the little bit of alpha there right as this matures we are exploring Asic and fpga solutions with several Hardware companies in the long run we look forward to a vibrant competition in this domain and firmly believe that latency

and cost of proof generation will decrease exponentially and I've been saying that as well but you guys know that I'm an investor in ingonyama which is building these uh ZK proving Asics uh to uh and and gpus are still going to be used but there are going to be Asics that get used as well and fpgas and things like that but if you've heard people go on about the cost of proving being a bottleneck with ZK I don't think that's going to be the case for very much longer these Hardware Solutions are in the works uh coupled with soft coupled with software Solutions there are plenty of teams working on it there is a huge incentive to get these costs down obviously for uh this CK technology and I don't think it's going to take as long as people have have said it's going to take I think it's going to be much quicker than than we anticipate so very

cool to see this uh I'll link this in YouTube description if you want to read through it again uh but yeah I mean pseudo Theos actually works at scroll now I think I've mentioned uh him a few times on the refill but he recently got a job at school so I guess congrats to him on that uh so yeah this isn't just some random posting this this is someone that actually works at scroll all right so speaking of Roll-Ups bingy here from the I believe he works at optimism Labs I shared a Twitter thread today saying uh r-a-a-s roll ups as a service deploy a roll up whoever you wish with full customizability want a zika roll-up that uses eigen data availability or Celestia as of that availability layer want Max throughput for your game as easy as plugging and playing with apis in web 2. and there's a thread here with more information

about this which I'll link but this goes back to what I've been talking about over I guess the last maybe a couple of months around this uh about making it easier for people and projects to spin up their own roll up and to be able to just go through a nice little uh interface in order to select you know what chain they want to settle to so ethereum layer one okay where they want to put the daily variability okay they'll put it on ethereum layer one or maybe they'll put it on a on eigen data availability layer uh or you know polygon Avail or Celestia or wherever right uh execution layer do you want to use evm or do you want to use something else right uh and then and then uh you know what the kind of proofs do you want to use what governance package you want

to use so basically we have this modulized modularized I've said that word wrong modularized design uh where people can chop and choose what they want from it which I think is obviously very very cool but it goes beyond the the chain itself it also goes to governance and other things like that uh which I don't think many people are thinking about uh because they think about technical stuff and they're like okay well how are we going to govern this thing well you can you can Fork the governance from other projects that have been working on this you don't have to start from scratch you don't have to create your own thing you can Fork it so I think this is going to be a major theme going forward this Roll-Ups as a service there's obviously stacker Network which I've spoken about before and there is uh what polygon is doing

with their SDK there is the op stack I think arbitrim uh is working on stuff as well obviously with any trust chains and and Nitro so I mean every I I expect every L2 team to come out with something like this because it just makes sense uh and I think it's just going to be very cool and it's going to lead to hundreds if not thousands of Roll-Ups blossoming not all of them are going to succeed most of them won't but we're going to have this battle of rollouts basically these Battle of l2s which will which will play out over many many years and we'll get a better user experience out of it and and just better uh infrastructure out of it I believe all right a big announcement out of metamask today that they've partnered up with Hyper play gaming and they've been

working together to bring metamask to every desktop game so hyper play will be the new web 3 native game launcher that Aggregates the epic games store and the Gog store to inject metamask into every game launched through these stores so you can see here that on the hyper hyperplay clients that once you install uh sorry on the bottom left here there is a metamask uh address or I guess a minimized wallet connected to this and you can install any games from the epic game store or the geode Gog or Gog game score uh games store um and interact with them using metamis this is a pretty big partnership actually I I believe because look web3 native games uh are definitely something that's a lot of people are tackling right now obviously uh immutable X and

and polygon and a bunch of other projects are working on this and now the metamask has teamed up with with Hyper play uh gaming here to just enjoy it right into the launcher I think it's very very cool and I think it's going to open up metamask and get metamask in front of people that wouldn't other wouldn't have otherwise used it so great little partnership PR uh and congrats to them on Landing it all right last up here we have token flow insights which announced that they have completed their series a around with 12 million dollars committed to accelerate their Journey so what is token flow well basically they're a blockchain data analytics company uh and they basically look at different data of different blockchains and aggregate all that all together and make it easy for people to sift through it sort of like what nanson and dune analytics do uh but

uh uh but yeah the announcements today is that they raised 12 million dollars in that series a uh led by Electric Capital and uh Delta blockchain fund I believe uh as new investors and their existing seed investor udhc and they're also welcomed candida from electric car Capital to their board as well so congrats to them on this raise uh they are working on supporting more than just ethereum right now they're going to be supporting optimism arbitrim ZK sync polygon and Avalanche and they're expanding vertically as they add more higher level data sets with core objects for people to search through so if that interests you if you're interested in blockchain data definitely go check out token flow but congrats to them on this uh race uh but yeah on that note that's going to be it for today so thank everyone for listening and watching be

sure to subscribe to the channel if you haven't yet give that give that video a thumbs up subscribe to newsletter to join the Discord Channel and I'll catch you all tomorrow thanks everyone