EIP Fun

Ethereum standards education & research | Serve Ethereum builders. Supported by @EthPanda_org, co-initiated @LXDAO_Official @PlanckerDAO. TG:

[EIP Fun @EIPFun]

📢 Chiang Mai Meetup is coming soon!

✨ From Pectra Upgrade: Exploring How Ethereum’s Technology Can Better Align with Market Demand.

🤝 Meet the Experts: @VitalikButerin , @zengjiajun_eth (Soul Wallet Founder), @danfinlay (MetaMask Co-Founder), @jayssj1 (PSE Core Dev), @0xdabaojian (Luban Founder), @StanleyHe17 (Luban Co-Founder), @xin__wan (Uniswap Researcher)

🗓️ Date: November 1, 2:00 PM - 6:00 PM

🔍Who Should Join? Developers, researchers, and anyone interested in Ethereum! Connect with top experts, join insightful discussions, and explore new ideas in Ethereum's development.

🎟️Register now and secure your spot:
https://t.co/GOZNtvtZ2w

[EIP Fun @EIPFun]

📰 EIP Fun Weekly #93: History Expiry Meta, Block-Level Access Lists

EIP-7927: Provide a method the activation process for history expiry in Ethereum, including testnet and mainnet activation, client requirements, and pre-merge history storage.

EIP-7928: Introduce block-level access lists to improve transaction validation parallelization by including a list of all addresses and storage keys accessed in the block header.

Read More: https://t.co/AT7Dicw6KE

[EIP Fun @EIPFun]

📰 EIP Fun Weekly #92: Dynamic Exit Queue Rate Limit, Memory Efficiency, Stack Manipulation

EIP-7922: Dynamically adjusts the validator exit churn limit to optimize the exit process, improving network flexibility while ensuring security.

EIP-7923: Replaces the EVM’s quadratic memory pricing with a linear, page-based model to reduce costs, improve efficiency, and support modern memory usage patterns.

EIP-7912: Introduces new stack manipulation instructions for deeper stack access in the EVM.

Read More: https://t.co/55piOpVKs5

[EIP Fun @EIPFun]

📰 EIP Fun Weekly #91: Enhancing On-Chain Asset Management, Margin Token, Signature Verification

ERC-7908: Proposes a standardized method for managing institutional assets on-chain using HD wallets with hierarchical key paths for secure key generation and departmental isolation.

ERC-7909: Defines a wrapper contract that converts any ERC-20, ERC-721, or ERC-1155 token into a lockable "margin token" for use as collateral across DEXs.

ERC-7913: Proposes a standard for verifying signatures from keys without Ethereum addresses, such as those from other cryptographic curves, hardware devices, or email-based systems.

Read More: https://t.co/2Cua7ZXaZZ

[EIP Fun @EIPFun]

📰 EIP Fun Weekly #90: Simplifying Smart Contract Deployment, Fork Preparations

EIP-7903: Removes the initcode size limit introduced in EIP-3860 to simplify smart contract deployment and enable high-level languages to cleanly abstract large contracts.

EIP-xxxx (eth_config JSON-RPC Method): Introduces a JSON-RPC method to provide configuration details for the current and next fork, helping ensure node readiness for upcoming hard forks.

Pectra Upgrade:
- Developers confirmed the plan for Pectra testing on the Hoodi testnet, with the upgrade scheduled for March 26, 2025.
- The May 1 deadline for history expiry is likely to be moved due to delays in Pectra activation.

Read More: https://t.co/wLbOWUBL5R

[EIP Fun @EIPFun]

📰 EIP Fun Weekly #89: Stateless Mempool, Wallet Capabilities for AA

EIP-7901: Specifies how transactions can be submitted to stateless block builders with pre-state witnesses and optional ZK proofs, enabling decentralized block production.

ERC-7902: Defines a set of wallet capabilities to enable communication between dApps and Account Abstraction wallets, supporting advanced features and seamless integration.

Read More: https://t.co/GRS9uWjwaV

[EIP Fun @EIPFun]

📰 EIP Fun Weekly #88: Social SBT, On-Chain Function Encoding, Gas Cost Repricing

ERC-7894: Introduces SocialSBT, a non-transferable ERC-721 token that assigns DAO voting power based on social contributions instead of wealth.

EIP-7899: Introduces on-chain encoding for Solidity function return types, allowing contracts to dynamically determine return data structure for better interoperability.

EIP-7901: Proposes adjusting Ethereum's gas costs to better reflect the computational effort required by smart contracts, rather than network-related costs.

Read More: https://t.co/S5CaiZ1fN1

[EIP Fun @EIPFun]

📰 EIP Fun Weekly #87: Clawback Transactions, Blob Scaling, and Crosschain Interoperability

EIP-7890: Introduces a cap of 30 million gas for transactions to improve network stability and prevent DoS attacks.

EIP-7892: Introduces a mechanism for scaling Ethereum’s blob capacity through specialized hard forks that adjust only blob-related parameters, enabling more agile and efficient scaling.

EIP-7888: Defines a standardized protocol for trustless cross-rollup message broadcasting using storage proofs, enabling secure and decentralized message passing across rollups with a common ancestor chain.

Read More: https://t.co/ADTaPnuS3z

[EIP Fun @EIPFun]

📰 EIP Fun Weekly #86: NTT Precompiles for Quantum Security, Delayed Block Validation

EIP-7885: Introduces a set of precompiled contracts for Number Theoretical Transformations (NTT) and their inverse, optimizing polynomial multiplication for Post-Quantum and STARK applications.

EIP-7886: Introduces a mechanism where blocks can be validated before execution, allowing validators to attest to a block's validity based on its structure and upfront payment for inclusion costs.

Read More: https://t.co/olIvzcXYSD

[EIP Fun @EIPFun]

In Ethereum, while anyone can participate in deciding which EIPs are added to the protocol, the decision-making and influence are mostly in the hands of a few experienced developers due to the technical complexity.

Vitalik Buterin advocates for keeping the base layer simple, stable, and predictable, avoiding complex governance to ensure stability. In contrast, Gavin Wood believes market dynamics, like token voting, could make governance more flexible and better reflect the needs of a wider range of stakeholders.

[goku @0xgoku_]

Who decides what goes into the Ethereum forks’ package? Does Ethereum have gatekeepers?

Recently, there were various takes on why Ethereum's Pectra doesn’t have RIP-7212, aka passkeys. This was being questioned by some builders, asking who chose to add EIPs to Ethereum, as there is no formal process overseeing such decisions.

The answer is, there is no single person, no single official entity, no CEO—everyone can. But not everyone has the same influence.

Contributing to Ethereum’s upgrades and direction is open and transparent, but the most critical decisions are still made by the OG devs who show up, code the clients, and maintain the network’s infra.

Ethereum is decentralized? Technically, yes.

Its decision-making? Distributed influence on it? Not quite. There is no formal process. Just rough consensus.

And that’s not necessarily a bad thing. Sometimes, having someone who knows what they're doing is better than handing the steering wheel to whales with tokens and opinions. Or is it? Decide for yourself at the end of the post.

How is this open, transparent... and a bit uneven process?
Ethereum Improvement Proposals (EIPs) are the core mechanism for protocol upgrades.
It works as:
• propose: post an EIP on GitHub.
• discuss: debate it on forums, core dev calls, GitHub, or even X.
• rough consensus: if most devs agree and objections are handled, it moves forward.
• implement: client teams code the changes.
• adopt: node operators decide whether to update.

Technically, anyone can jump in.
But practically? Most proposals are shaped by a small group of well-established contributors. See the numbers from the past years.

A small but mighty crew:
According to research by Fracassi, Khoja, and Schär (January 2024), Ethereum’s governance has some pretty clear bottlenecks:
• 10 individuals proposed 68% of all implemented Core EIPs.
• The distribution of influence had a Gini coefficient of 0.62. This coefficient measures inequality—0 means perfect equality, 1 means absolute concentration. Ethereum's Core EIPs was sitting well above 0.6.

Why does this happen?
Because protocol-level changes are technical as hell.
Writing an EIP that actually makes it into the network isn’t just about having a clever idea.
It requires deep protocol knowledge, the ability to navigate complex discussions, and arguably a bit of social capital.

The study found that EIPs authored by devs with larger followings and more GitHub clout receive significantly more engagement.

If you’ve got a strong network, your ideas get more attention.

And if you’re part of the inner technical circle, your odds of success go up.

The client side:
Even when the community rallies around an EIP, it’s client devs who make it real.

Ethereum runs multiple clients: Geth, Nethermind, Besu, Erigon. But just like EIP authorship, client development used to be heavily concentrated:

• 80% of all code changes came from about 10 developers per client.
• In mid-2023, Geth alone was powering 85% of Ethereum’s nodes. Today, that’s around 50%, with Nethermind as the runner-up at about 23%. There’s more balance here now.
Essentially these client teams don’t just write code,they’re effectively the final filter on protocol changes.

Fat-tail influence risk no one wants to talk about:
Even if the devs implement a change, the ecosystem still hinges on two other key players: stablecoin issuers and oracles.

In early 2023, USDC and USDT accounted for 90% of the stablecoins used on Ethereum. Today, they are even more dominant as the go-to stablecoins across whole crypto. If Circle or Tether refuse to recognize an upgrade, it instantly loses massive liquidity.

Ethereum prides itself on being permissionless, but when it comes to protocol-level decisions, the support of a few centralized services can make or break a fork.

So is this bad?
It depends.

You need to understand the thesis behind it and the reasoning for opposing any form of on-chain governance at Ethereum's base layer.

This difference in governance philosophy is actually one of the fundamental reasons that separated how Gavin Wood and Vitalik Buterin saw the future of Ethereum: who should hold the keys?

Gavin’s argument:
“Why not adapt our blockchain tech so that consensus dictates not just what happens on the chain, but also what happens with the chain itself?”

In other words, use the same decentralized decision-making process that secures and validates transactions to also provide governance for the network.

Vitalik’s view:
Base layer should be minimal and ossified, like the internet’s TCP/IP layer.

It should remain simple, stable, and predictable.

Introducing OpenGov-like mechanisms or complex governance frameworks at the core would turn Ethereum into a perpetual social experiment with unpredictable outcomes and systemic risks.

In short:
• Base layer: Keep it minimal, neutral, and predictable.
• Rollups & apps: Go nuts with DAOs, futarchy, and prediction markets.

Market-based governance = Plutocracy risk?

Polkadot’s OpenGov uses token-based voting with conviction weighting.

The idea: those with the most skin in the game get the biggest say because they have the most to lose.

Vitalik’s counter:
“The more we rely on markets in base layer governance, the closer we get to plutocracy.”

He isn’t against market dynamics tho. He just thinks applying them at the base layer could turn governance into a token-driven oligarchy.

But Vitalik loves prediction markets?
Yes.

He’s written extensively about prediction markets as truth-seeking tools.

But he sees them as advisory mechanisms, like weather forecasts, useful for insights, not for decision-making at the protocol level.

OpenGov treats governance like a continuous, dynamic process.
Ethereum treats it like software maintenance. Govern only when necessary protocol changes arise. Make it rare and boring.
Polkadot with 1400+ proposals and counting, like a parliament in permanent session.

So, who decides the next Ethereum fork?
Definitely not the entire community or tokenholders.

It’s decided by those active in the trenches, coding clients and keeping the network running.

Mostly the same group of people, year after year.

The Gav-Vitalik Meetup (ETHPrague 2024)
Last year at ETHPrague, @gavofyork and @VitalikButerin were asked about their latest takes on on-chain vs. off-chain governance, after seeing the implications of both having it and not having it.

In his response, Vitalik expressed that Ethereum's base layer indeed needs tools that provide signaling for its decision making in a much more democratic manner.

And, Gav actually stated that the base layer tech should be maximum minimal and opinionless and thus not a target for upgrades, at least not in the long term.

This actually aligns with Vitalik's view.

But the only thing is, to get to that point, there is a long way to go. And to reach that point, certain decisions still have to be made.

And the question remains, who should make those decisions?
• A few core devs, relying on nebulous consensus?
• Or tokenholders with skin in the game?

From this talk, and considering what Polkadot becomes with JAM, it will be like giving devs subatomic particles (the fundamental building blocks) so granular that base-layer governance becomes irrelevant.

JAM will essentially function like the internet’s TCP/IP layer, remaining simple, stable, and predictable, while the governance layer will operate on the services level.

On the Ethereum side, I can really see that once there is enough data, services, and tools for futarchy, it will likely be implemented to provide a healthy signal regarding Ethereum's direction.

If you're curious more, check out the ETHPrague panel short clips below.

https://t.co/DTFjR607Fh

[EIP Fun @EIPFun]

Good news!
Coinbase reaches a settlement with the SEC, with the lawsuit expected to be dismissed next week—no fines and a win for the crypto industry’s future.

[Brian Armstrong @brian_armstrong]

Great news!

After years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country, we reached an agreement with SEC staff to dismiss their litigation against Coinbase. Once approved by the Commission (which we're told to expect next week) this would be a full dismissal, with $0 in fines paid and zero changes to our business.

This is hugely vindicating, especially because many people questioned my decision to engage in litigation with the SEC on this matter in 2023. People told me the courts would give a lot of leeway to the government. They said public market investors wouldn't like it. They said it would take years and cost us tens of millions of dollars in legal fees (which it did). They said the agency would use mafia tactics like trying to pressure other companies not to work with us while the lawsuit was underway (which they did).

But I knew a few truths that helped make it an easy decision to fight them in court:

1. The SEC was wrong on the law.
They were exceeding the authority given to them by congress by asking us to delist a number of assets that were not securities. We had taken a conservative approach to ensure we weren't listing any securities, and the SEC itself had allowed us to go public in 2021 after reviewing our listing standards in depth. We tried to “come in and register” but it turned out it was a fake offer, as every crypto company discovered. Regulators are supposed to enforce the law, but they can't make up new laws on the spot if they don't like the current ones, or weaponize a lack of clarity in the law.

2. Caving to their demands could have killed the crypto industry in America.
The SEC made it clear to us that the only way to avoid litigation was to delist the many assets they falsely claimed were securities. It was a bullying tactic, pure and simple, driven by Gensler's own political agenda. And if we had caved, it would have dramatically limited the scope of which crypto assets were allowed in the US, and pushed the industry further offshore, into the shadows. Never forget how close a few activists in government came to unlawfully killing an entire industry in America! It could have easily gone the other way. Thank goodness the founding fathers created the judicial branch, as a check and balance on executive power.

3. It was the right thing to do for our customers and the industry.
At the end of the day, it didn't matter what our chance of success was. I had to stand up for our customers’ and our industry’s rights. I also knew it would serve as a deterrent for future bad actors around the world we may have to engage with, for them to know that we won't be bullied or pressured. We are comfortable engaging in litigation across multiple fronts, indefinitely, while continuing to build. This is business as usual. As Bain in The Dark Knight says, "you merely adopted the dark; I was born in it".

Growing up I had a naive view that regulators exist to hold companies accountable. What I realized in this ordeal is sometimes, companies must hold regulators accountable who are painting outside the bounds of the law, to preserve freedom. Accountability can actually happen both ways. At Coinbase, our mission is to increase economic freedom, and I initially thought we could achieve this solely through our crypto products. But I'm increasingly realizing that we can move the needle on economic freedom in the courts and through our policy efforts as well, when we see bad actors in government around the world. We plan to do more of this.

I have to give credit here to the Trump administration, for winning the election, and for the departure of the activist head of the SEC, Gary Gensler, who orchestrated this unlawful action along with Elizabeth Warren, and a handful of their lackeys in congress. I feel confident we would have won this case in the courts either way, given our facts were so strong, but it certainly helped accelerate the process and drive accountability. I called out the sketchy behavior of the SEC back in 2021, and I believe this comment turned out to be prescient.

I want to give a shout out to all the other crypto companies who fought back with their own lawsuits (we certainly were not the only ones).

I want to give a shout out to all the crypto startups who couldn't afford the legal fees, and went bankrupt due to the administration's abusive tactics. Your company may have died, but crypto lives on. Don't stop building.

I want to give a shout out to both Democrat and Republican members of congress, who are working hard to ensure America leads on crypto. I know that Gary Gensler and Elizabeth Warren do not represent the entire Democratic party.

And I want to give a shout out to all the crypto holders in the US who elected pro-crypto candidates, on both sides of the aisle, to make sure your rights were preserved. It turns out the crypto voter is real, and showed up in the millions.

Finally, I expect we'll continue working productively with the SEC on any number of items over the years, just as we do with every agency around the world where we operate. I look forward to the SEC being reformed under Paul Atkins, Mark Uyeda, Hester Peirce, and DOGE, and new more sensible personnel coming into leadership roles. I commend the new leadership that is already in place for working to right this wrong - it's a great step in the right direction, and took courage. Now let's get some crypto legislation passed in the US to finally clarify the rules, and really kick off this next phase of building.

[EIP Fun @EIPFun]

Ethereum.

[mteam.gwei @mteamisloading]

Ethereum.

[ETHPanda @ETHPanda_Org]

Looking Back at 2024, Moving Forward in 2025 🚀

ETHPanda is an Ethereum community formed by Chinese-speaking builders. It is dedicated to connecting these builders with the global Ethereum ecosystem through education, public services, events, and technological innovation, jointly driving Ethereum’s continued development and innovation.

Our Achievements in 2024:

- Hosted Ethereum events in 10 cities worldwide, engaging over 300 participants
- Organized multiple Side Events at EDCON & Devcon, expanding international visibility
- Co-hosted ETH Shanghai, strengthening Ethereum’s presence in Chinese-speaking regions
- Launched Ethereum protocol & developer co-learning, fostering the next generation of builders

Our Plans for 2025:

- Education & Events: Online and offline initiatives covering various Ethereum topics, energizing the Chinese-speaking community
- ETHPanda Odyssey & EPF Mandarin Group: Supporting more developers in participating in global Ethereum events
- University Alliance: Bringing top students into the Ethereum ecosystem and nurturing future talent
- Public Goods Development: Creating & maintaining open infrastructure for the Chinese-speaking Ethereum community
- Ecosystem Bridge: Connecting Ethereum projects & organizations for collaboration and shared growth

A new year marks a new chapter. As a nonprofit public initiative, we welcome your support, collaboration, and contributions to ETHPanda! Every donation will be used to strengthen the Chinese-speaking Ethereum community.

Join us in building a stronger Ethereum ecosystem!
Our Telegram community -> https://t.co/yPTc6Nhl5P

🔗 Read the full article:
https://t.co/CWrVW5vAdZ

[EIP Fun @EIPFun]

Hey bro @ETHPanda_Org #ConsensusHK2025

[EIP Fun @EIPFun]

📰 EIP Fun Weekly #85: DApp Network Configuration, EOF Enhancements, Gas Utilization Adjustments

EIP-7876: Provides a standardized format for DApps to configure and manage Ethereum network settings across multiple platforms.

EIP-7880: Introduces a new instruction, EXTCODEADDRESS, in EOF to retrieve code delegation designations from an account without requiring code introspection.

EIP-7881: Proposes increasing the gas utilization target from 50% to 75% to boost network throughput without increasing DoS attack risks.

Read More: https://t.co/rbfnK03Rpa

[EIP Fun @EIPFun]

@mteamisloading 🎉

[EIP Fun @EIPFun]

Pectra introduces 11 EIPs to Ethereum
My top 3 EIPs:
- EIP EIP-7251: Increases the MAX_EFFECTIVE_BALANCE - EIP-7702: Sets the EOA account code
- EIP-7691: Increases blob throughput

[timbeiko.eth @TimBeiko]

Pectra is coming to Ethereum testnets 🌃

On Feb 24th, at epoch 115968, the upgrade will go live on Holesky. Then, on Mar 5, at epoch 222464, it will activate on Sepolia.

Assuming both of these go smoothly, we'll then pick an epoch for mainnet activation. More info below 👇

[joshrudolf.eth @joshrudolf]

🌐 Yep, L2 interop is coming together 🔜

✨ Highlights from today's L2 Interop call!

📺 Notes + Recording: https://t.co/B5PEDHUiDk

🙏 Thanks all who represented on the call today! @arbitrum @base @Celo @LineaBuild @Optimism @0xPolygon @Scroll_ZKP @Starknet @taikoxyz @worldnetwork @zksync @hyperlane @axelar @AcrossProtocol @risechain @wonderland @EspressoSys @OpenZeppelin @reown_ @elytro_eth @phantom @MetaMask @bootnodedev @layerswap @t1protocol @Polymer_Labs @class_lambda @sprinter_ux @coinfabrik @OmniFDN @radius_xyz @ChainSafeth @hashialliance @lifiprotocol @ensdomains @flashbots_x @biconomy @GnosisDAO @FireblocksHQ @Uniswap @nethermind @blocknative @interstatefdn @wormhole @SOCKETProtocol @ethereum

[EIP Fun @EIPFun]

Make Ethereum Great Again

[Ethereum Foundation @ethereumfndn]

EF Treasury has deployed:

- 10,000 ETH into Spark
- 10,000 ETH into Aave Prime
- 20,800 ETH into Aave Core
- 4,200 ETH into Compound

We're grateful for the entire Ethereum security community that has worked diligently to make Ethereum DeFi secure and usable!

[Justin Drake @drakefjustin]

The Ethereum Foundation research team will host a Reddit AMA on Feb 25 at 2pm UTC.

So much to share—should be a big one :) Submit questions now.

https://t.co/Jo9VIAMIsl