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Even as developers are observing Dencun in trials, they have also begun evaluating and prioritizing Ethereum Improvement Proposals (EIPs) for Electra, the next upgrade on the consensus layer.

Ethereum developers discuss post-Dencun proposals, including increasing maximum stake to 2,048 ETH, from 32 ETH.

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Posted January 25, 2024 at 6:33 pm EST.

Ethereum developers deliberated Thursday about the next consensus layer upgrade after the 2024 Dencun network hard fork.

Even as developers are observing Dencun on a testing network, they have also begun evaluating and prioritizing Ethereum Improvement Proposals (EIPs) for Electra, the following upgrade on the consensus layer.

During a live-streamed meeting that takes place every two weeks, developers touched on a range of topics that included potentially increasing the maximum number of ETH a validator can stake, addressing censorship in Ethereums block production and scaling up data availability.

Currently, the staking balance of a single Ethereum validator is 32 ETH, but Mike Neuder, a researcher at the Ethereum Foundation, is trying to create a range that would raise the limit on validators. His EIP-7251 aims to increase a validators maximum balance 64 times to 2,048 ETH from 32 ETH.

The high-level reason for doing this EIP is to allow some consolidation of the total number of validators we have, Neuder said in todays consensus layer meeting, Were currently at around 900,000.

Ethereum developers also discussed EIP-7594. It concerns peer-data availability sampling, which is a method to progress from EIP-4844 levels of scale where everyones downloading blobs of data, to a level beyond that: Call it full danksharding, said Ethereum Foundation researcher Danny Ryan, who chairs the biweekly consensus meetings. (EIP-4844 is nicknamed Proto-Danksharding after its two main authors.)

Developers have not decided whether to prioritize EIP-7251 and EIP-7594 in Electra.

Another proposal, EIP-7547, was removed from consideration in the Electra upgrade. EIP-7547 aims to make Ethereum more censorship-resistant. Neuder, one of its authors, highlighted an Ethereum dashboard that showed the censorship of different operators in the block production pipeline. According to community resource website censorship.pics, builders censored about 67% of data blocks by excluding transactions from sanctioned crypto addresses.

EIP-7547 entails a forced transaction inclusion mechanism that specifies what transactions must be included in blocks to be considered valid. This is a relatively newer EIP, but I think the ideas are very well established and important for one of the core properties on Ethereum, which is censorship resistance, noted Neuter.

Gajinder Singh, maintainer of Ethereum clients Lodestar and EthereumJS, replied, We support the EIP, but we dont feel strongly about it, because we feel that not all options have been exhausted. Ryan didnt get any volunteers when he asked if anyone wanted to make the case for EIP-7547s prioritization in Electra.

Developers did agree to prioritize EIP-7002, which allows validators to trigger exits through their execution layer withdrawal credentials, according to the EIPs resource page. Ryan noted that EIP-7002 is relatively straightforward on both the consensus layer and execution layer. It is a new operation type, but [it] triggers very well-known exit code paths, which refer to the different ways a validator can exit from its role in securing the Ethereum network.

When Ryan asked in Mondays meeting whether anyone was against the inclusion of EIP-7002 in Electra, no one objected to it.

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Ethereum Developers Discuss Post-Dencun Proposals, Including Increasing Maximum Stake From 32 to 2,048 ETH ... - Unchained

Alex Dovbnya

Ethereum co-founder Vitalik Buterin has raised concerns over privacy issues in modern cars

Ethereum co-founder Vitalik Buterin has voiced concerns about the privacy implications of modern cars, drawing attention to the often overlooked aspects of automotive technology.

Buterin's comments follow a detailed report by researchers Jen Caltrider, Misha Rykov, and Zo MacDonald, which showcases the significant privacy issues in today's vehicles.

The report mentioned by Buterin states that all 25 car brands evaluated received a "Privacy Not Included" warning label, indicating serious privacy shortcomings.

Modern vehicles, often described as "computers on wheels," collect an excessive amount of personal data, ranging from location to driving habits, and even inferring personal characteristics.

This data is not only used for vehicle operations but also for marketing and other business purposes. Furthermore, 84% of these brands are reported to share or sell this personal data, with 56% potentially sharing it with government agencies upon request.

This alarming level of data collection and sharing has raised significant privacy concerns among experts and consumers alike.

Buterin's post has sparked a discussion on social media about the balance between technological advancements and privacy.

Some users express interest in retrofitting classic cars to avoid modern privacy issues while others accuse Buterin of being a technology denier.

However, Buterin clarifies his stance, stating that he supports various modern technologies, including certain AI applications, but he maintains a critical view of specific technologies that pose privacy risks. "There's a small-but-important subset of things I worry about!" he stressed.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. Hes particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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Ethereum's Vitalik Buterin Raises Concerns Over Privacy in Modern Cars - U.Today

Table of Contents

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Ethereum and Bitcoin lovers discover new cryptocurrency with similar potential currently priced at a mere $0.09 - CryptoDaily

The US Securities and Exchange Commission (SEC) appears to be inching closer to the potential approval of an Ethereum ETF (exchange-traded fund).

SEC Commissioner Hester Peirces recent comments have fueled this speculative fire, hinting at a possible shift in the regulatory environment for ETH and other cryptocurrencies.

Hester Peirce, often called Crypto Mom for her positive stance on cryptocurrencies, has highlighted the correlation between futures and spot markets in cryptocurrencies, which could influence the SECs decision-making process. Her insights come at a crucial time when the crypto community eagerly awaits the SECs verdict on several Ethereum ETF applications, with deadlines looming.

Although the SEC recently delayed several Ethereum ETF applications, Peirce pointed out that the agencys approach to approving these products does not necessarily hinge on whether the underlying asset is a security.

Instead, the focus is on applying a consistent framework to these products, similar to other exchange-traded products. This approach suggests a broader, more inclusive attitude towards cryptocurrency ETFs, moving beyond Bitcoin-centric policies.

We shouldnt need a court to tell us that our approach is arbitrary and capricious in order for us to get it right. I certainly hope that wont be the case. People will look to precedent in making arguments for other products and we, looking at the facts and circumstances, will presumably apply that precedent, Peirce said.

The significance of this development is underscored by Glassnodes recent report, which highlights Ethereums derivative market activity. Despite a sluggish momentum relative to altcoins, Ethereum has seen a notable uptick in the derivatives market, which mirrors the growing interest in its potential ETF.

[Ethereum] has seen a burst of outperformance, emerging as the short-term winner. ETH investors have recorded a multi-year high in net realized profits, suggesting there is some willingness to sell the speculation on a potential [Ethereum] ETF capital rotation, analysts at Glassnode wrote.

Read more: Ethereum (ETH) Price Prediction 2024/2025/2030

The market is closely watching the SECs moves as the May deadline for the decision on Ethereum ETFs approaches. Peirce emphasized a need for consistency and fairness in the SECs approach. Hence, these comments offer a ray of hope for proponents of Ethereum ETFs.

An Ethereum ETF approval could mark a significant milestone. Indeed, it could lead to greater mainstream adoption and investment in Ethereum and other digital assets.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

Read more here:

What This SEC Commissioner Said About Ethereum ETF Approval - BeInCrypto

The Ethereum (ETH) price started 2024 with a sharp increase, reaching levels not seen since May 2022. However, ETH has fallen since January 12.

The ETH price trades inside a minor horizontal support area that has been in place for over a month.

The weekly time frame technical analysis shows that the ETH price has increased alongside an ascending support trend line since July. More recently, the price bounced at the trend line in October 2023 (green icon), accelerating its rate of increase.

The ensuing upward movement caused a breakout from a horizontal area in November. Except for a deviation in April (red circle), the area had intermittently acted as support and resistance for nearly 1,000 days.

After the breakout, the ETH price reached a high of $2,717 on January 11, 2024. However, it has fallen since and is creating a bearish candlestick in the weekly time frame.

The weekly Relative Strength Index (RSI) gives a bearish reading. When evaluating market conditions, traders use the RSI as a momentum indicator to determine whether a market is overbought or oversold and whether to accumulate or sell an asset.

If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true.

The indicator generated a bearish divergence (green line) and is falling. This happens when a momentum decrease accompanies a price increase, often leading to trend reversals.

Cryptocurrency analysts and traders on Xare uncertain about the future trend. InmortalCrypto stated that the ETH price will fall in the short term but will then increase significantly.

CryptoMichNL suggests that the ETH price will appreciate against Bitcoin (BTC). He tweeted:

The momentum towards $ETH is probably going to come in the next few weeks. Arguments: #Bitcoin bottoming out is a trigger for altcoins to make a new run. Ethereum Spot ETF hype. Ethereum launching new upgrades to reduce 90% of the costs.

However,CredibleCrypto believes that the ETH/BTC pair has not reached its bottom yetand will continue falling.

The technical analysis of the daily time frame gives a bearish outlook because of the price action and the RSI.

On January 23, ETH broke down from an ascending support trend line that had been in place for 95 days. The daily RSI legitimizes this breakdown since it fell below 50 (red icon) simultaneously with the price breakdown.

The RSI increased above 50 (green icon) when the ascending support trend line was created.

Currently, ETH trades inside the $2,200 horizontal support area. If it breaks down, it can decrease nearly 11% to the 0.618 Fib retracement support level at $1,980.

Despite this bearish ETH price prediction, a strong bounce at the $2,200 support area can trigger a 7% increase to the ascending support trend line at $2,400.

For BeInCryptos latest crypto market analysis,click here.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

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Will Ethereum's (ETH) $2200 Support Hold? - BeInCrypto