Podcast Summary
In this episode of “The Daily Refuel,” host Anthony Sassano discusses the latest developments in the Ethereum ecosystem. Topics include the upcoming Ethereum spot ETFs, the third anniversary of the Ethereum beacon chain, the deprecation of the Goerli testnet, and the future of Ethereum staking. The podcast also delves into the naming of the next Ethereum upgrade, the progress of the Verkle upgrade, and the concept of Layer 3 technologies. The episode concludes with updates on Dappnode’s new feature, the Obol mainnet open beta, and the concept of co-processing in the blockchain ecosystem.
Key Takeaways
Ethereum Spot ETFs and the Beacon Chain Anniversary
- Ethereum Spot ETFs: The podcast discusses the upcoming Ethereum spot ETFs, with Fidelity’s filing starting a 240-day clock for their ETF. The host expresses optimism that ETH spot ETFs will be approved shortly after BTC ETFs, possibly as early as Q2 of 2023.
- Beacon Chain Anniversary: The podcast celebrates the third anniversary of the Ethereum beacon chain, marking three years since its launch when ETH staking on the mainnet became possible. The host highlights the evolution of ETH staking and anticipates significant changes and upgrades over the next three years.
Deprecation of Goerli Testnet and Ethereum Upgrade
- Deprecation of Goerli Testnet: The podcast discusses the deprecation of the Goerli testnet, with an extended timeline due to the ongoing testing phase of the Dencun upgrade. The new testnet, Holsky, is introduced as the replacement for Goerli.
- Ethereum Upgrade: The podcast discusses the upcoming Ethereum upgrade, previously referred to as “Prague” and “Electra.” The host expresses a strong preference for the name “Petra,” finding it the easiest to pronounce.
Verkle Upgrade and Layer 3 Technologies
- Verkle Upgrade: The podcast provides a significant update on Ethereum’s move towards statelessness, detailing progress from the latest Verkle implementers call. The Verkle upgrade aims to increase Ethereum’s gas limit significantly, allowing for more complex transactions and potentially enhancing Layer 2 solutions.
- Layer 3 Technologies: The podcast discusses the concept of Layer 3 technologies in the blockchain space, emphasizing that L3s rely on Layer 2 for security and liveness, as they are built on L2 and settle to it.
Dappnode’s New Feature and Co-processing in Blockchain
- Dappnode’s New Feature: The podcast announces a new feature from Dappnode called a smoothing pool for solo stakers, which is integrated into the Dappnode suite, allowing users to enjoy more consistent staking rewards.
- Co-processing in Blockchain: The podcast introduces the concept of co-processing in the blockchain ecosystem, highlighting three types: ZK co-processors, optimistic co-processors, and cryptoeconomic co-processors. The host believes that most computations in crypto will happen off-chain with a proof posted on-chain.
Sentiment Analysis
- Bullish: The podcast expresses a bullish sentiment towards the Ethereum ecosystem, with the host expressing optimism about the approval of Ethereum spot ETFs and the future of Ethereum staking. The host also shows enthusiasm for the upcoming Ethereum upgrade and the progress of the Verkle upgrade.
- Neutral: The podcast maintains a neutral stance on the deprecation of the Goerli testnet and the introduction of the new testnet, Holsky. The host also remains neutral on the concept of Layer 3 technologies, explaining their reliance on Layer 2 for security and liveness.
- Bearish: The podcast does not express a bearish sentiment in this episode.
