ENS airdrop day, Immutable & Ember Sword and more - The Daily Gwei Refuel #247 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily grey refuel where recap the latest news in the ethereum ecosystem i'm your host anthony sozano and today's 8th of november 2021 all right everyone let's get into it so i'm sure you've most of you if not all of you have already seen this tweet that i put out over the weekend but i did want to kind of like expand on it give you guys a bit of background of uh why kind of like this this sort of stuff happened and kind of like give some context around this so for those of you who don't know i put out this tweet on the weekend saying i spent the last four years fighting lies misinformation and toxicity around ethereum unfortunately it has now caught up with me and taken an extreme toll on my mental health so

for now my twitter watch has ended but i hope that many awesome ethereums can pick up where i'm leaving off and then i continued saying that this would only apply to twitter i'm of course still going to be doing the daily way right i'm watching it right now uh everything that i've been doing and the only real thing that applies to twitter is the fact that i'm not going to be kind of like getting active within the different twitter threads and different kind of like twitter fights and bouts and all those sorts of things i still retweeting myself of course but i realized that it got to a point where my following grew so large uh so quickly as well i didn't really notice it happening um and then i didn't notice kind of like my enjoyment on twitter going down a lot because what would

happen is i put out a tweet right or whatever like about ethereum obviously and then i get all these kind of like reply guys in there being like you know ethereum's gonna die this this is gonna kill it ethereum gas fees are ridiculous fix it and i just i looked at that and i'm just like why am i even subjecting myself to this crap like why am i even reading these replies why am i even bothering with this like i did it for the last four years because i i felt like i needed to do it i was a i was much smaller i felt like there wasn't actually anyone defending ethereum against this stuff or or calling it out or kind of getting into the weeds and i was happy to do it then but you know as i said my following grew so large now that

it's just like it can't just be up to me anymore there needs to be other people kind of like doing this which they are there's plenty of people on twitter that are that are doing this and doing what i've kind of like been doing for the last four years and it didn't used to be so to give you i guess a bit of context in history about this and how i got my start basically ethereum had like a really uh i guess like a really big boom and bust between 2017 and 2018. obviously in 2017 it went from 10 to 1400 everyone was talking about ethereum because icos were like the biggest thing ever and that will bro that's what brought in the most amount of money in the most amount of people then uh uh eth topped at 1400 ish on in january of 2018 like

early january of 2018 and it came down really quickly from there like i'm pretty sure within like a few weeks that he had come down to like six or seven hundred dollars or something like that and for a few months there people were like you know we're just calling down for the next leg up or blah blah blah whatever and this was around the time i think march or april where i started my first crypto newsletter and i was getting more active on twitter as well i was kind of like pointing out to people why they were you know why they what they were saying was wrong especially a lot of bitcoin maximus back then with loving love to fight ethereum uh but then all throughout 2018 it just got worse and worse because the price kept falling you know everyone was calling ethereum dead

right ethereum didn't have much of a community a because the ico people who came for the icos weren't the ethereum community at all right the ethereum community was basically a small group of builders kind of like that who really believed in the mission really wanted to see see these things succeed and then there was like a a small amount of like community members like myself and eric connor who i started ethos with and obviously like a bunch of others like uh ryan sean adams david hoffman dc investor there's i mean there's plenty of people i'm not going to name them all but you you'll know them because they're you know they grew like i did their their you know their twitter accounts is probably as large as mine is is these days and they do a lot for the community a lot for the ecosystem and they just started as like

community members just like i did so we all did that during 2018 and 2019 especially and it continued into 2020 of course and and in 2021 as well not so much as it was during those first couple of years in 2018 and 2019 but that was much worse than one than it is today right there was literally like there was there was hardly anything positive about ethereum on twitter even on reddit and just generally it felt like ethereum had gone from this super you know high position but at the end of 2017 like everyone was on a high because the price had gone crazy it was it kept going up uh you know it felt like ethereum kind of was on top of the world people believed that proof of stake was right around the corner you know nothing kind of like felt like it was it was bad and then we

got the reality check in 2018 and that reality check came hard like very very hard each price dropped 94 in those in those 12 months in 2018 and with the price the sentiment went like it was just it was it was extremely bad and hilariously enough a lot of the people who are ethereum fans today were actually busy fighting ethereum back then so you know so from from there i guess like that's just the context in history around kind of like why i've gotten to this position now where i'm like i don't need to be a foot soldier anymore i don't need to be in all these threads defending ethereum like i've like i have been for the last four years i as i said like my following is much greater i have a much larger audience now and there's many many more people that can actually

do what i've what i was doing um and these people are newer to the ecosystem that are you know they don't have all these baggage that i that i do at this point um and you know they have um they don't have kind of like all the commitments that i do as well like i obviously do i'm doing a lot within the ecosystem right i'm doing the the the the daily waste stuff ether stuff helping out a bunch of different projects i just also did not have the time to sit in these kind of like twitter threads and read all the replies and everything like that so i figured it's time to radically change how i use twitter specifically which means that that basically means i'll still be tweeting but i'm not going to be reading or replying to any anything anymore like i like uh to because like if you go to

one of my tweets especially one of the more popular ones and read through the replies it's just such a wasteland like it's so bad and i i was getting to the point where i was blocking like 50 to 100 counts a day and i was like why am i even bothering with this it's such a waste of time so now i'm just tweeting and muting the conversation straight away i'm not even letting notification show up for anyone right now um and that's that's kind of like already helped like it feels like a massive weight has come off my shoulders but that doesn't mean that i'm giving up on ethereum or anything or not fighting for it i just feel like i do much better at educating about ethereum on the refuel on my newsletter in ether in in and kind of like all the tweeting that i do where i don't reply

to people and then if people need to be kind of like put in their place for saying something wrong about ethereum or educated within the comments i can leave that up to the people that learn from me right like i can basically be uh be the one that kind of like passes on the message to these people because my audience is so large and then they can filter it down to others it's not up i mean it's not up to me anymore to be everywhere like i i think that's what ended up happening was that my following just as i said grew so quickly that i never kind of like adjusted from there because if you'll notice many of the big accounts on twitter they don't actually do what i was doing they don't go in and reply to everyone random people with like hardly

any followers that are just kind of like crapping all over them no they they don't reply they they'll reply to their friends sometimes obviously the people that uh are just as big as them and their friends like oh like i typically reply to my friends as well and the ones that i know aren't you know she posting whatever just kind of like uh you know bagging out ethereum but they'll never get in the weeds and i you know i noticed that and i was like why am i doing this like this is just such so bad so i'm alright like mentally i'm fine um like uh it's been good to kind of like just over the last couple days kind of like take a little bit of a different stance here um but it did weigh me down a lot uh and i i felt like you know i

felt bad about it initially where i was like you know i need to do this and i need to stop kind of like doing what i'm doing but i felt bad about it because i'd been doing it for so long it felt like you know i felt like maybe people thought that i'd be giving up on on ethereum right that i'd be giving up on everything that i've been trying to do but since i you know and then i felt like okay well i just got to put this out i have to publicly signal this and that's the only way i'll know how people feel about this and honestly the outpouring of support has been amazing i mean thank you to anyone listening or watching this that that kind of like reached out to me if i haven't replied to yet it's because i literally got like

over 100 dms over the past kind of like 24 to 48 hours from people kind of like reaching out and supporting me and and kind of like thanking me for all my work that's why i do what i do i don't do it to get like thrown you know garbage tweets at when i'm not even talking to these people i'm not you know i don't even spend time bagging out any of the ecosystems the only ecosystem that i kind of like bag out is cardano because i actually believe cardano is like completely vaporware it's just it's so bad and i i i actually wanted to educate people about how bad it was because i feel like that's just not going to end well um but usually like whenever i talk about other ecosystems i'm not bagging them out like i i'll talk about like the uh from like a

fundamental perspective i'll kind of point out what i view as flaws what i view the kind of like ethereum does better and and that's it and and then i can get all this hate for for you know not even kind of mentioning someone's favorite chain like for example if i put a positive tweet out about ethereum and how we're burning like all these eth all i get in the replies from so many people is like yeah you're burning that eighth but like all the users are going to such and such chain all the users are going here or the gas fees i hate ethereum because the gas fees are so high and it's just like i i don't understand why people feel the need to to reply to my tweets like that so why should i feel the need to read those things because it just adds no

value at all so anyway i'm not going to bore you with the rest of the details there but i did want to kind of give context around that because i felt like i owed it to you guys that obviously stick with me every day and watch my watch my stuff read my newsletter just follow me around and you know a lot of people said to me they don't want me to stop tweeting and i'm not i'm not going to stop tweeting at all i'm going to be sharing everything that i normally share um tweeting like i normally do but i am definitely not going to be getting into the weeds anymore and if i don't read or reply to you on twitter it's simply because i'm not reading it anymore i can't twitter just does a really poor job of filtering out the crap from the actual

good comments so there's just no way for me to do that if you do want to talk to me you can jump into the delegate discord channel where it goes off every day like we have so many awesome discussions in there all the time it's so much more peaceful because if anyone's being a troll i can just like ban them and get rid of them but lucky enough there hasn't actually been that many trolls um or you can dm me on on twitter and i'll eventually get to it if i don't reply for a while just please know that i have like a backlog and i'm not ignoring you or whatever um but the discord channel was just awesome in general like i can't promote that enough honestly uh i i should sell it better but um in my videos but essentially if you want to learn anything about

ethereum uh and even about other ecosystems there are so many smart people in there and even if you're kind of like a beginner it doesn't matter because there's so many beginners in there as well you can bounce ideas off each other you know you can talk about different uh different projects within the ecosystem you can talk you may talk about other chains like there's a whole channel called other chains dedicated to things that aren't ethereum like i don't i don't police people and say no you can't talk about anything but ethereum in here but do know that obviously like it's an ethereum heavy discord so if that's not your thing i mean i don't know why you'd be watching the refuel but uh yeah definitely definitely join it there and i i do want to give a shout out to cryptowife here who put out uh

kind of these couple of images which i honestly like i love this you know crypto i've said thank you sasol how it started versus how it's going it's basically a picture of me kind of like protecting ethereum from from all the attacks over the years and and then now on on the other pictures just me you know sleeping with sleeping with ethereum in the bed and all the people on twitter are defending me and ethereum against all the attacks and that's kind of like how i've how i've kind of viewed it is where i was there as the foot soldier for all these many years now and my watch is basically ended in that kind of like regard but i have a whole set of people that i've educated over the years that can take take over and do that sort of stuff and maybe they you know as i said

they don't have the baggage that i have over the years and they're more energized to do it that's kind of like another reason why i do what i do because the most scalable way for me to get the message out there is to do these sorts of things to educate via via um uh uh the the videos the refueled newsletter and of course twitter but with twitter i can only amplify it through my my own tweets now i'm not gonna be getting into into the ways to do that so yeah i just wanted to thank crypto wife for this i i mean this really did warm my heart like i came back to my pc because i have to put that tweet out i was like you know screw this i'm i'm gonna go watch some tv or something um get away from my computer for a bit and

then i came back and i saw this and i was just like yeah this just really really warmed my heart so i appreciate it i appreciate everyone reaching out and kind of like offering their support but i'm gonna leave it at that for now as i said if you want to talk to me about anything feel free to dm me or just jump in the discord channel and i'll be there unfortunately i just cannot uh look at the replies to my tweets anymore so yeah i'm not ignoring you i'm just not looking at them all right so on to some news from the infrastructure bill so you guys will remember i guess probably a couple couple months ago now there was all this fuss about this infrastructure bill that was being voted on in the us that included some really shitty crypto tax provisions that

were reporting provisions that were really unworkable right they didn't make any sense and uh there was a lot of fight about it and we actually made our voice heard unfortunately because the infrastructure bill is such a critical bill in the us and it's such a kind of like politicized thing um and it needs to be done uh it got it got passed and it wasn't just like the crypto tax reporting provisions being stuffed in there so much stuff was stuffed in there and this is like a classic kind of like i guess i wouldn't call it a failure of democracy but it's like one of the bad parts of democracy where you have all these bills that need to be voted on but then when you have like a really big bill like the infrastructure one people want to stuff what they want in there

and they'll they will they'll get it in there and then it just gets voted on and passed through because it's it's such an important bill but the the bright side is here and in jerry brudo's threat he goes through this you can read these little buildings in the youtube description the bright side is this the crypto provisions will actually not take effect until january first 2024. so we have quite a quite a while until it goes into effect right we have about two and a bit years and this can be fought in the courts we can actually change this stuff um so the fight is not over yet i don't think that the market really cares too much about this i mean we're at all-time highs right in price discovery both i mean ether is in price discovery btc is still trying to get back to its all-time

high but the market feels really really good right now um but uh i think that's because the market understands that these sorts of things both i mean it's gonna be over two years until they go in and secondly it's completely unworkable and unenforceable and it makes zero sense and i would actually argue that um i'm pretty positive that it's good to be positive around kind of like getting this changed because we've got two years to do it there's going to be every person that's involved in crypto that is also involved in kind of like the um the lobbying side of things they're going to be going at this hard think about all the mega vcs out there that have billion dollar funds think about all the centralized exchanges in the us like coinbase think about all the individuals think about all the projects

they're all going to be banding together to go at this really really hard to get this changed and they're going to be you know they're going to be lobbying bribing politicians as well right to get this done so i think the market as a broader kind of like uh uh you know as a broad kind of stroke there understands this and i and i i think a lot of you guys would understand that as well i know why that's going to end up like that so so yeah i guess like thanks to jerry from coin center for giving us this update but as i said not really anything to be concerned about at this point in time but if it did go through it it does as it exists today and became law as a even then it'd be it's just so unworkable it doesn't make

any sense uh for example the if i if i remember correctly some of the reporting provisions require you to basically require liquidity providers to basically monitor everyone that's trading within their liquidity and it just doesn't make any sense because you can't monitor everyone trading on unisof because people trading on the unisop pools i mean they're not tied to their their address like most of the addresses don't have an identity attached to them so how are you supposed to do the proper reporting there you can't it's literally unworkable so i'm not just saying that because it's uh because it's crypto i'm saying that because it just doesn't work you can't you can't make it workable so yeah i'll keep tabs on this i'm not sure if we're going to hear about this for for a while now from here but i'm sure that there is a lot of going on in the

background a lot of money being thrown at getting this changed and i'm confident we can get this changed before it becomes law uh and change to something more positive uh as well that's the important thing all right so today's ens airdrop date oh well i mean depending where you watched it when you watched this it may have already happened but at 7 00 p.m us eastern time uh today monday november 8th that's when you'll be able to claim your ens governance tokens at claim.ens domains now a lot of people have been asking you know what's the price going to be of the e s token um i went through this kind of like i think it was last week on the refuel where i basically said that if you do a comparable trade to what you know the gtc token is trading at right now it's a

very similar project in that bitcoin and uh ens are long-time ethereum public goods projects both their tokens are governance tokens um both of them do are doing an airdrop uh you you could say like the minimum or like at least uh a fair price would be around ten dollars which is around the same market cap that gtc has right now but because the market is the way it is right now it's hot because this is going to be a new launch because this is actually going to be airdropped to many more people there's a lot more hype around this i think it could go higher than that i don't know um but we'll have to see and we won't know right until until the kind of like market goes live for this which is not very far away now but if you also want to know uh kind of i guess um what

you're kind of how much how many tokens you're getting you can go view the entire the list here so uh the airdrop merkle tree nick shed here has your address as this you can basically go there control f your address in and see how many tokens you have but this is the raw file so you actually have to like it's it's kind of difficult because you have to look at the number and then like go back 18 decimals so someone made a really cool tool down in the comments here i think yeah so this is a visualizer i'm not going to click it click it open here but basically it allows you to paste in your address and it'll tell you what your total ens airdrop will be um and kind of like uh you know how many tokens you got for your pass registration your future

registration and if you had your reverse record set so definitely go visit this i'll link it in the youtube description um but yeah hopefully you know you you got a sizeable airdrop from this i mean because there's so many addresses to distribute the airdrop to it's not gonna it might not be one of the bigger air drops out there i mean i i i think the most someone got in a single kind of address was like 1200 ens tokens and if the price is 10 bucks then it's like a 12 thousand dollar uh airdrop right which is nothing to scoff at but we've seen much larger air drops before uh because there was less users but because there's so many users um it seems to be kind of like less there but it depends we'll see i'm not i i have no idea what the price is going to be but as i said

you can do a very basic comparable valuation and get to like a ten dollar price because it's got 100 million uh dollar supply 100 million supply 10 is a billion dollar cap which is around the same of what get coin is right now in terms of fully diluted evaluation not circulating market cap which is going to be different of course and the final thing on ens is that a lot of you have been asking me who you should delegate your ens tokens to look there is not a central list and this thread where everyone is putting their name in the hat has like 850 comments so i and i hope they do kind of like have a central repository of people and like list them all there and then we can actually see who who's been delegated to and who's actually put their hat in the ring but i

am not going to go through 800 comments and point out which people that i think you should delegate your ans to unfortunately what i will do though is if you ask me in the discord channel if i think that that person is a good delegate however i think that person's legit i will of course give you my opinion on that um you know i i've been around the theorem for a very long time so i know who's a good actor and who's a bad actor there's been a few that i saw out there but i mean you can kind of look here like just scrolling through the list here cem is a former kind of um ethereum core developer you've got medi here who who works as um is ethereum core developer as well i i believe or maybe it's a different person yes it's kind of hard

to tell as well i'm just scrolling through the list i mean look at look at all these kind of like applications it's yeah yeah me how he's good he's been around for quite a while he's the one who built the crypto fees website if you've checked that out plus all the other ones that are up there he's done a fair few things within the ecosystem but yeah i mean i'm not going to go through all of these as i said if you come across someone that you're thinking about delegating to definitely hit me up on the discord channel and i'll give you my opinion on them um i haven't decided who i'm delegating to just yet there is someone that i that i saw that i was really impressed with called um alex vanderson he has been around the ethereum ecosystem since genesis he built the

first ethereum wallet um he's been a long long time community member i'm thinking maybe i'll delegate to him uh because i haven't really seen too many others there's also super fears who's very active within the staking community i think brantley one of the ens core contributors put his hat in the ring as well but we'll have to see i have to see how how it shakes out and i think we'll get a short list eventually but right now it's kind of very hard to tell because there's just too many people that want to be a delegate which is it's kind of cool that so many people want to actually be actively involved in in ens governance right like i i say i i i say like um as a negative thing because i can't scroll through them all but it's actually a positive thing but i'm

curious to see like which ones actually end up with the most uh ans tokens delegated to them and some people asked me if i was gonna be a delegate i don't have the time guys really i would love to but i just do not have the time to delegate to to this to this and i i i feel like there are plenty of people that are that have like plenty of really good people that have put their hat in the ring that i don't need to feel any any shoes there so so yeah definitely um hit me up in discord if you have someone that you would like my opinion on all right pauline yeah their regular appearance on the refuel i put out another interesting tweet thread today where they said with zkrs or zero knowledge roll ups uh account abstraction and smart wallets the

concept of transaction fees and tps will be deemed irrelevant long term indeed you can see this today on dydx immutable x and so rare the concept of gas fees does not exist they have literally a zero dollars of gas fees and then polynomial continues the thread but what i wanted to focus on here is that a blockchain is just a database right it's a distributed database it's not like a database is a new thing it's been around for decades we've used them for decades we use them to scale up everything that we have on the internet today but no one ever talks about the transaction fees of running those databases and those servers or the tps that they give you um for the end user like the developers will talk about it of course people working on these things they'll all talk about it but we don't

talk about it like i don't say oh how much tps does this have how much tps does that have how many you know what are the transaction fees obviously a lot of these services are free and you are the product right um but you know generally you don't think about these sorts of things and the reason why you don't have to pay per transaction or per database right um is because the costs are being covered by that central centralized company and if you want decentralization if you want higher security then you can't do that right there is there is no one that can subsidize that cost for you the cost is always coming from somewhere and i've described this kind of thing before where these chains that offer super cheap fees do you know who's subsidizing the cost of that the people running the chain and

that's why these chains don't have many nodes and don't have any validators is because they're super expensive to run and i've given the example before of um there's the evm side chains of course but then there's the more egregious examples like solana where the reason why the fees are basically free is because you have super nodes which are kind of like equivalent to uh what you see in the web 2 world where these super nodes basically uh all these kind of like super servers are running these sorts of things and they're bearing the cost but they're making the money back through through ads or other kind of revenue means whereas the um the kind of like solano supernodes and validators they're making their money because they're getting kind of like an inflationary reward in the soul token and that's the same for pretty much

every network it's the same for ethereum right but with ethereum the reason why we keep the gas limit so low okay the block size and the fees are so high is because the fact that we want to keep it easy to run the chain we want anyone to be able to run the chain we don't just want some super beefy hardware to be able to do it but then this is just for layer one we have layer two we have things like dydx which is a zk roll up immutable x and so rare which are both validiums where you you've trade off a bit of security but you get much more scalability but none of these platforms have gas fees none of them have um there's not even a concept of them no one thinks about their tps or talks about their tps no one thinks about the

fees because of the but the thing is you still get to inherit ethereum security because that's the way these constructions work so it's a really awesome way to think about it i i think and it's a really awesome way to frame it for people who may not understand i get a lot of questions all the time from people who are like you know why is ethereum so expensive to use but this thing's free and obviously it's a it's a thing that that these very technical and and kind of like it's hard to explain especially to newer people but this is literally it like it it's literally just a matter of who is bearing the cost of running the chain right now in ethereum the the most of the cost is is borne by oh sorry oh the cost is borne by like the full nodes but

the reason why the cost is very low for these full nodes is because of the fact that uh uh the chain is very very easy to run very easy to keep up with you know validating the chains very easy especially in proof of stake validating the ethereum chain can be done by anyone yes you have to put up like a 32 um kind of like stake uh but i'm talking like hardware cost right so that you know there is always a cost like nothing you don't get anything for free right and that's why i kind of people always say like if you're using a product for free you are the product um and you know it's a bit in the web 2 world it's obviously nuanced in the web 3 world you know you can use a lot of these products for free or near cheap and that's because they're

getting paid out somewhere else it's like if for example facebook was able to kind of like issue 10 new stock each year to cover their running costs and be able to sell it into the markets um instead of kind of like running ads right that's it's kind of weird to think about that but that's exactly what um net what these crypto networks do is that they issue their own native kind of like it's not it's not a stock or an equity but like their own native asset to cover the cost of running the network whereas uh in the web 2 world they don't do this these sorts of things they basically just like monetize via ads and make all their kind of like profits and and cover their costs through ads so yeah interesting thing to to think about from polynomial here uh on to the next update quickly so uh

play embersort or sorry i should say should i say embersort a uh kind of like game that's been around for quite a while now cryptogame crypto mmorpg has announced that they're migrating to the immutablex platform they're going to be minting 48 000 nfts on the immutable x platform gas free of course because imx is gas free and all of the in-game items will be secured by ethereum really awesome to see this i love seeing more gaming come to immutable like there's obviously a lot of nft stuff that they're doing um and gaming falls right into that but i'm loving seeing the fact that these games realize that let's just issue out things on immutable like issue at nfts issue our game assets on immutable have it secured by ethereum and they can still keep all their game logic off chain because that doesn't

need to be on chain and they get the best of all worlds like that and they get even keep player state on chain as well and imagine you know you have a have a player state and essentially what you want to do is you play the game and you know you want to to put your you want to put your state on layer one ethereum and you want to put your kind of like cool data on all your data on layer 1 and ethereum to have ultra security but you don't want to do it very often because it's expensive so when immutable transitions to being a volition what you can end up doing is essentially throughout the day while you're playing the game or throughout the week when you're playing the game you don't have to settle on ethereum layer one but then every week maybe you

settled on ethereum layer one and you have like really really strong security around the state of your game and around the state of your assets and your nfts so yeah i mean there's so much to do here there's so many kind of like things that can be built around this and so many more games coming i'm just super excited so yeah really really great to see that um from from embersort and immutable make a dowels growth uh twitter account put out a great tweet thread about die and kind of like the state of die in the state of maker and what what kind of like they've achieved over the last i guess year or so or at least uh sorry sorry in the last couple of weeks i shouldn't say euro sorry i think there's another thread where they talked about that but essentially die has been growing really

fast i mean the since october 1st the supply increased by 28 percent die supply surpassed the 8 billion 8 billion milestone i should say sorry um and then um it's becoming more and more decentralized again so the i think the the most kind of like uh die backing is eth right now instead of usdc which is awesome to see um some things about like lighter and accepting kind of like lighter staked eth as collateral and yeah a bunch of other things here so definitely go give this a read if you want to kind of like see what maker's been up to over the last five five or so weeks uh with dye because it's it's really awesome all right so ben edgington's usual uh round of updates in his what's new in eth newsletter all all about like the beacon chain and

altair and how successful it was bunch of links in here for you to i guess um uh view uh kinsugi the new merge test net he covers that as well covers the fork choice vulnerabilities that i spoke about the other day um and tooling staking i mean all this stuff i mean in research as i've said before this is the best newsletter ever to keep up with eth2 uh so definitely go check this out and subscribe to it as well and you can get all the latest on what's happening in eth2 uh and and and everything surrounding it uh and finally here i mentioned this i think on one of last week's refuel the next ethereum uh network upgrade is called arrow glacier and it will be coming to the ethereum mainland on december 8th 2021 now this is not the merge this is not an exciting

update this is simply an upgrade that will uh basically push the difficulty bomb back to june uh 2022 because it was set to golf in december so december 8th 2021 is when arrow glacier goes live the only eip included is the one that knocks back the difficulty bomb because if that thing goes off what ends up happening is that the block times get really long and eventually the chain freezes and ethereum pretty much like comes to a halt and the reason why this mechanism exists is because it it's supposed to force uh the network to keep upgrading over time and not get stagnated it kind of was born out of bitcoin stagnating over time and there are debates around do we need the difficulty bomb anymore should we remove it after the merge but for now it's staying in but as i said it

has been delayed to june 2022 where the mer you know if the merge happens by june 2022 what'll end up happening is that the merge will go through with another difficulty bomb adjustment and it'll be kind of like push back again so yeah i think that's it for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give the video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone