Cointime

Download App
iOS & Android

Lodestar Proposals for next Electra/Cancun Fork

From Chainsafe by Phil Ngo

With the implementation of Deneb/Cancun almost complete, client teams were asked to provide suggestions on inclusions to the next Electra/Cancun hard fork. This blog post is to outline the combined consensus of Lodestar’s main contributors, inspired by the writings of Paradigm’s Reth team and commendation of this method at AllCoreDevs Execution Meeting 179.

TL;DR

The client teams of Ethereum have generally agreed on AllCoreDevs Execution Meeting 179 to utilize the momentum of shipping upgrades to include a smaller fork during 2024 before the delivery of Verkle tries (a big effort estimated for 2025) on mainnet. There are parallel workflows that other teams can concurrently work on. For consensus clients like Lodestar, it makes sense to advocate for the inclusion of the following EIPs:

Supportive Consensus EIPs for Electra Inclusion

These are the following Ethereum Improvement Proposals (EIPs) we believe should be included for Electra:

EIP-6110: Supply validator deposits on chain

The proposal aims to append validator deposits to the Execution Layer block structure. This change would shift the responsibility of deposit inclusion and validation to the Execution Layer, thereby eliminating the need for deposit (or eth1data) voting from the Consensus Layer. The list of validator deposits in a block would be obtained by parsing deposit contract log events emitted by each deposit transaction included in a given block.

The inclusion will increase security for deposits, reduce the delay between deposit submission and processing, eliminate dependencies on JSON-RPC API data polling, and reduce complexity between the execution and consensus clients.

EIP-7002: Execution layer triggerable exits

EIP-7002 proposes adding a new stateful precompile that allows validators to trigger exits to the beacon chain using their execution layer (0x01) withdrawal credentials. This mechanism enables these new execution layer exit messages to be appended to the execution layer block for reading by the consensus layer.

Including this EIP will allow for better control of validators with improved security in custody arrangements. This EIP is especially useful for liquid staking operators and smart contract-controlled validators, reducing trusted, centralized management. In addition to simplifying the process of exiting validators, a validator who loses access to their active key can still use their withdrawal credentials to exit and recover their funds. The massive UX improvements for stakers (pooled and solo) justify this inclusion.

EIP-7251: Increase the MAX_EFFECTIVE_BALANCE

EIP-7251 suggests raising the MAX_EFFECTIVE_BALANCE to reduce the validator set size, thereby decreasing the number of P2P messages, BLS signature aggregations, and the BeaconState memory footprint. This change benefits small and large validators, allowing for more flexible staking increments and compounding rewards.

Although discussions are still happening and optimizations are being made to the specification, it is important to get the most up-to-date information to make an informed decision on whether it is in a ready state for inclusion. We believe this EIP is crucial to ensuring maximum decentralization, optimizations in network bandwidth, and computational overhead for nodes as the “Big Boy” (pre-Holesky) testnet of over 2.1M validators determined that there is a theoretical ceiling to the validator state.

EIP-7549: Move committee index outside Attestation

The main objective of EIP-7549 is to move the committee index field outside of the signed Attestation message. This change aims to allow the aggregation of equal consensus votes, thereby making the verification of consensus rules more efficient.

The simplicity of this implementation and optimizing the attestation process justify including it for the performance of the Beacon Chain.

EIP-7594: PeerDAS

PeerDAS aims to leverage well-known, battle-tested p2p components already in production in Ethereum to scale data availability beyond what EIP-4844 offers while keeping the workload for honest nodes similar to that in EIP-4844 (downloading less than 1MB per slot).

We believe that this proposal will potentially be the largest implementation effort of the next hard fork for Consensus. Dataspace is likely one of the most important commodities in a blockchain. The benefits from increased scalability will justify the work. By re-using reliable components, we can more easily implement this feature alongside maintaining a manageable workload for individual nodes of all sizes.

SSZification

This section comprises the following EIPs for full completion:

We support the consistency of SSZ data structures and would like to continue transitioning towards SSZing these structures, even if slowly. Efficient Merkle Proofs will help further enable light nodes/clients and bring more optimizations in data storage, network transmissions, and code complexity. We would propose supporting StableContainer and migrating BeaconBlockBody and ExecutionPayload first, as those structures are more likely to be modified through each hard fork.

Supportive Execution EIP for Cancun Inclusion

Although the EIP listed below is generally considered to be an Execution change, Lodestar would like to signal support for this EIP for Cancun inclusion, with input from other execution client teams:

EIP-3074: AUTH and AUTHCALL opcodes

EIP-3074 is designed to allow EOAs to delegate control to a contract, effectively enabling them to act like smart contract wallets without deploying a contract. This delegation is achieved using two new opcodes, AUTH and AUTHCALL.

We support the inclusion of this EIP or some flavour of it to enhance user interactions with Ethereum. As presented at Execution Layer Meeting 179 by f00bar, the inclusion is essential for the continued growth of the Ethereum ecosystem.

Comments

All Comments

Recommended for you

  • Anthropic's Secondary Market Valuation Reaches $1 Trillion, Surpassing OpenAI

    On April 23, Anthropic's valuation on private equity trading platforms like Forge Global has risen to around $1 trillion, surpassing OpenAI's $880 billion. It is reported that the valuation of this artificial intelligence startup has rapidly increased due to buyers competing to purchase the increasingly scarce secondary market shares of Anthropic. (Dongxin News Agency)

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,000.81, with a 24-hour decline of 0.14%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Bitmine Allegedly Acquires 100,000 ETH Worth $233.7 Million

    On April 23, according to monitoring by Lookonchain, three new addresses suspected to be associated with Tom Lee's Bitmine (0xB6a8...9c9E, 0xc2e0...2831, 0x4e5C...276c) received 100,000 ETH from BitGo, valued at $233.7 million.

  • Musk: AI Chip Shortage Expected in the Future

    On April 23, Tesla CEO Elon Musk stated during an earnings call that the company initiated the Terafab chip factory project due to an anticipated severe shortage of AI chips in the future. He remarked, "In terms of industry growth rates, logic chips, and even more so storage chips, we expect to encounter bottlenecks if we do not manufacture chips ourselves. This is the reason for the birth of Terafab." (Dongxin News Agency)

  • US Spot Bitcoin ETF Sees Net Inflow of $331.9 Million Yesterday

    On April 23, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $331.9 million yesterday.

  • US Spot Ethereum ETF Sees Net Inflow of $96.43 Million Yesterday

    On April 23, according to monitoring by Trader T, the US spot Ethereum ETF saw a net inflow of $96.43 million yesterday.

  • U.S. State Department Urges American Citizens to Leave Iran Immediately

    On April 23, the Bureau of Consular Affairs of the U.S. State Department posted on social media that, given Iran's announcement of partial airspace reopening, American citizens in Iran should leave immediately. The post advised U.S. citizens to stay informed about the situation through local media and to consult commercial airlines for information on flights departing Iran. Additionally, U.S. citizens can also travel by land to Armenia, Azerbaijan, Turkey, and Turkmenistan, but should avoid areas along the Iran-Afghanistan, Iran-Iraq, or Iran-Pakistan borders.

  • Tesla: Increasing Investment in AI Computing Power and Advancing New Battery and Material Factories

    On April 23, Tesla's official blog announced that the company is increasing its investment in AI computing power to advance the construction of new battery and battery materials factories. This move is also aimed at further preparing for the production of the third-generation Megapack energy storage system, the Tesla autonomous electric vehicle Cybercab, and the Tesla electric truck Semi.

  • USA: Deploying the Strongest Military Force in History to the Middle East

    On April 23, local time April 22, the U.S. Central Command announced that since the U.S. military began its blockade operations in the waters related to the Strait of Hormuz on April 14, it has requested 31 vessels to turn around or return to port as part of the blockade. The U.S. Central Command also stated that the military is currently deploying the most comprehensive and powerful military force ever seen across the Middle East.

  • Iran Does Not Officially Respond to Extended Ceasefire Deadline

    On April 23, Iran has not provided any official response regarding U.S. President Trump's announcement to extend the temporary ceasefire deadline, nor about the possibility of a second round of negotiations with the U.S. Iranian public opinion widely believes that the contradictions in U.S. rhetoric and its constantly changing policies are the main reasons for Iran's inability to trust the U.S. Additionally, Israel's repeated violations of the Lebanon-Israel ceasefire agreement and the ongoing U.S. maritime blockade against Iran are key factors affecting the negotiation process. Analysts point out that the risk of renewed war and conflict remains very high, and if both sides continue to insist on their current demands and conditions, the nature of this regional crisis may evolve from a purely U.S.-Iran issue into a global problem.