ethereum recently completed a community event, ACDE 171, discussing how to incorporate several transformative elements that could shape the future of the network, possibly strengthening security and privacy.
The event covered several broad topics, including Dencun Devnets, comprehensive audits, the long-awaited launch of Holesky, a pioneering proposal for private eth transfers, and significant changes to the EIP-6780 specification.
Improving privacy and security
Tim Beiko, a popular member of the ethereum community, gave a detailed summary of these events on X. Topics he highlighted include the development of devnet-9, focus on blob transaction gossip, contract bytecode audits EIP-4788 and the relaunch of Holesky.
According to X publications, the event ethereum/pm/issues/867″ data-wpel-link=”external” target=”_blank”>stand out was the introduction of EIP-7503, a proposal that Beiko believes will redefine private transfers on the ethereum blockchain.
The authors of EIP 7503 were allowed to present the idea. According to ethereum documentation, EIP 7503 was discovered when developers were exploring ways to offer more privacy and ZKP applications.
EIP-7501 introduces a new approach called “Burn and Remint”, which allows private transfers by burning and reminting eth. When burning, people send the eth to an unusable address “and then create a ZK proof that shows that a certain number of tokens have been burned in a transaction on an older block, without revealing the transaction.” The ZKP merger, in this case, is designed to improve privacy and security.
Beiko too shed some light on the EIP-4788 contract bytecode audits. Three independent auditors, including ChainSecurity, Dedaub, and Trail of Bits, were reportedly hired to examine it. Representatives from ChainSecurity and Dedaub confirmed in a call that no other issues were identified beyond those mentioned in the initial review.
Auditors reviewed the changes, such as explicitly addressing the transfer of 0 as a timestamp and changing the buffer length to be used at 100% regardless of block time, and found no issues with the fixes. However, they highlighted two aspects that users of the beacon roots contract should take into account.
Other minor issues noted
Devnet 9 was also a topic of discussion at the event, and Beiko reported that teams are already preparing and working to navigate various test cases. Other Devnets were discussed, which will be short-lived for testing purposes.
Additionally, a small change proposed under EIP-6780 would disable SELF-DESTRUCTION, except in the same transaction as contract creation.
Run Level Meeting 171 comes just two weeks after Meeting 170, which was held on September 14. The new ACDE meeting is reportedly scheduled for October 12 at 14:00 UTC.
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