bytenoob

Web3 developer
Emacs user
Crypto believer
Views are my own

[bytenoob @winddyseed]

@elonmusk Wen?

[bytenoob @winddyseed]

@benlinbaofu @Gate @Han_Gate 币圈富士康白叫的？

[bytenoob @winddyseed]

@blackanger agent-spec 求分享

[bytenoob @winddyseed]

@PANewsLab 全网你的翻译最精准

[vitalik.eth @VitalikButerin]

Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.

The updated strawmap is at https://t.co/9e2AQ6rhz6, and I attached a picture of it to this post.

My own high-level takeaways:

* "Lean Ethereum" is not a single one-shot upgrade, it is a collection of improvements that will come online to the Ethereum network over the course of three or four years. But make no mistake, this IS the third major iteration of Ethereum in the same way that the Merge was the second. Almost every major piece of the protocol will be replaced:

- Verification through recursive STARKs, rather than direct re-execution. Recursive STARKs become an enshrined first-class core component of the protocol
- Replacing everything quantum-vulnerable with quantum-safe alternatives
- Consensus: decoupled available chain and finality, one or two-round finality. Theoretically optimal security properties, simpler than today, and faster than today
- Multidimensional gas
- State: not just tree structure, but what *types* of state are available
- Changes to client architecture
...

At the same time, simplification, cleanup and future-proofing. And this will all be done in a way that minimizes disruption to existing application. We've done this before (the Merge), we can do it again.

* H-star (aka Hegota) is probably Ethereum's last thematically "pre-Lean" fork. Starting from I-star, most of everything we do will have a very strong "Lean" feel to it in one way or another.

* Privacy is no longer an afterthought, it is a first class goal. When designing Frames, the mempool, additions to the state tree, we explicitly ask the question "okay, how do quantum-safe, intermediary-free privacy protocol transactions go through this, and what is the overhead?"

* Formal verification of everything for security.

* FV also makes us much more comfortable with canonicalization (having pieces of the protocol that are directly defined as a piece of bytecode expressed in some language). evm-asm is being written in part to become a canonical proof system for the EVM.

* Quantum safety has shifted up a LOT in priority. This adds a lot of work (eg. finalizing a quantum-safe blobs design has become urgent; this work has already been ongoing for months)

* Probably the single most disruptive part of the plan is the changes to state. There is growing consensus around leaving present-day-style "dynamic state" mostly unchanged, but scaling it only a medium amount, and adding new types of state that are more scalability-friendly (eg. no need for builders to sync/store all of it) but more restrictive, and that will scale a large amount.

eg. possible Ethereum in 2030: 2 TB of present-day-style (dynamic) state, and 100 TB of new-style (scalable but restrictive) state

This "new-style" state would work very well for ERC20s, NFTs, many defi use cases, but not eg. highly "central" objects like Uniswap contracts, or onchain order books, or other complex things (which are crucial for Ethereum but which only take up a small percentage of state)

Hence, it will not be *necessary* to rewrite any apps, but it will be *very cost-effective* to eg. rewrite an ERC20 token into a newer design that uses a new type of UTXO storage that is currently being explored, so that it will have >10x lower txfees.

Design of these new state types (current ideas: keyed nonces, ring buffers, UTXOs, statically accessible state, temp state) is an area where we will need a lot of feedback from application developers (incl. privacy-friendly application developers) and probably several rounds of rethinking and iteration.

* In the context of a much larger total state size, we need to figure out the incentive issues around who stores this state and what motivates them to. Even saying "each node stores 1%" is not good enough - why do they store that 1% and why are they willing to serve it? This is being elevated as a first-class research area.

* Ethereum will need to have a "VM" other than EVM in one form or another - at the very least, we need something like leanISA for recursive STARKs - and the gains are large in exposing it to users so that we support programmable privacy and better scalability. Right now, the most likely contenders are leanISA and RISC-V.

My own ideal is that in this world, we adjust the protocol so that the EVM becomes a high-level-language compiler-level feature, and the protocol only "sees" RISC-V / leanISA directly. But this is still far away.

* Gas limit increases, blob increases and slot time decreases will happen many times over the next ~5 years. We expect a large gas limit increase with Glasterdam. Each step of increased scale or decreased slot time is a matter of getting to the point where it is safe to do it, which comes from a combination of client optimization and protocol changes.

Ethereum is CROPS.

Ethereum is scaling.

Ethereum is reinventing itself.

Onward.

[bytenoob @winddyseed]

@blackanger 7号开始订阅的Fabel额度就没了，都按API计费

[Joe Zhou @joezhoublack]

https://t.co/QiS629kYwy

[Star_OKX @star_okx]

The future of capital markets will not be built by crypto alone.

It will require technology, regulation, institutions, and public policy working together.

That is why we are excited about the partnership between ICE and OKX. We have also brought together leaders with deep experience across these fields, including former New York Governor Andrew Cuomo, to help navigate this transformation.

The convergence of traditional and digital finance is no longer a theory. It is happening now.

https://t.co/ozT7LwRjsI

[Blockaid @blockaid_]

🚨Community Alert:
Blockaid Exploit Detection system detected an exploit involving the @jaredsmev MEV bot on Ethereum.
The incident resulted from attacker-controlled contracts tricking an automated MEV execution system into granting token approvals, later used to drain funds.
7.5M$ drained.

Exploit tx:
https://t.co/ltmzveNGuv

More details in🧵

[bytenoob @winddyseed]

@Predator_fund 14亿数字存疑。再过10年，可能只有7亿了

[Matt Van Horn @mvanhorn]

https://t.co/95lFnAyw0e

[bytenoob @winddyseed]

@turingou 大佬可以开个企业（子）帐户，额度用完续费就行

[bytenoob @winddyseed]

@PhyrexNi @okxchinese xlayer 很久之前就从polygon cdk迁移到opstack了

[Star_OKX @star_okx]

The X Layer and OKB teams never stop building. It has always been at the center of our strategy.

Today, we announced Exchange OS — a major step toward open market infrastructure for onchain finance.

We are introducing a dedicated Trade Zone on X Layer for onchain high-frequency trading, powered by the same institutional-grade, high-performance, high-availability, and low-latency infrastructure stack behind OKX — capable of processing up to 300K TPS.

Exchange OS is designed as permissionless infrastructure. Partners can stake meaningful amounts of OKB to launch their own trading venues on the X Layer Trade Zone. The infrastructure supports both CeDeFi models and fully self-custodial models within the same shared execution environment.

This is the next chapter of onchain finance.

[魔都老猿 @AriXZone]

王自如谈AI时代，他是怎么招人的。

[Dov @dov_wo]

去迈阿密参加了Consensus大会，几乎没什么中国人
以下是Crypto西方的状况：

共识在哪？
Zcash是美国的新共识，naval+a16z+multicoin，至于为什么我会单开一个帖子/视频来讲，估计短期不会结束

公链
- 在把Monad/megaeth 对标成当年sui/aptos双雄，钱都很多，各有优劣。谁是
- Canton的钱很多，但是圈子很难混，因为压根就不是crypto圈子，都是华尔街的人
- Upbit l2最近讨论的很多，但是大家预期普遍一般
- Tempo在币圈没什么动静，paradigm已经在玩更高维度的游戏了
- Sol在找方向，但是看起来没找到特别合适的方向

Perpdex：
- Hyperliquid活动还是很火热，但是见不太到hype的人。现在美国对hype的价格有比较多的分歧，后面单独写一篇来讲
- perp dex现在是人手一个，每家交易所、每个稳定币、每个链都、每个MM都想做一个perp dex

老牌CEX：
- Coinbase账上有很多钱，但是不会玩degen游戏，也不需要玩degen游戏，看不上这点钱
- Kraken很会玩，跟的很快，Nado肯定行
- OKX，Bybit，Bitget都在很努力的做美国合规市场。Bitget CEO去演讲都带保镖了，这是在美国文化里地位的象征

新的变种交易所（trading terminal交易前端）:
- 各种Trading terminal和ai trading的变体，Genius，vergex，tplus，liquid等
- 美国的perp快要合规了，这其实是个大机会。你们敢想象之前美国人都不能加杠杆炒币或者去做空炒币吗

DAT:
- Strategy在大量搞生态项目，BTC还在加杠杆过程的早期阶段，举例就是 @saturn_credit

RWA:
- 接下来1-2年最重要的趋势，最近起来了大量的RWA资产，带头的是各种股票perp、startup perp

VC：
- 亚洲VC彻底死完了，Yzi还在积极出手（但是yzi不能算是亚洲vc），demo day搞得很好，项目还是不少的。能看到一些很好的项目，比如 @renaissxyz
- 西方Crypto VC募资压力很大，a16z搞了个大的是因为他们是a16z
- 其他西方VC各有各的死法，有的死在完全不会玩本周期的山寨币游戏，有的死在乱投二级乱投DAT

MM
- 主动MM游戏也蔓延到了西方，但是founder有坐牢风险，加上信任问题推进程度都一般
- 很多合规的被动MM目光都在转向预测市场

挖了很多的坑，之后准备做视频来讲内容了，表现力更好也说得更明白

[WongSSH @wong_ssh]

听说 Uniswap v4 hook 有火起来了，作为 Uniswap v4 hook 项目开发者并且拿过 Uniswap 审计赞助的我很开心，欢迎大家去读我过去写过的三篇文章。
https://t.co/sPPLxKJhjl
https://t.co/Ow2NSRbRbK
https://t.co/SjgqIwRmFH
虽然我自己的项目 @licredity 至今还没有部署，甚至还有一个漏洞没修

[bytenoob @winddyseed]

@tualatrix 我的跑了22个小时

[Amit Shekhar @amitiitbhu]

https://t.co/vilNnT0Djk

[Yanhua @yanhua1010]

https://t.co/9bLSQxoY8u