Drake (Interactive) @EthJDrake

We built a real-world OpenAC implementation for privacy-preserving proof of personhood. It uses an existing government-issued credential, proves eligibility in zero knowledge, supports revocation checks, and runs the proof flow on mobile devices. Check threads for links and summary 🔗

We built a simulator for the fast confirmation rule, and replayed a years worth of blocks and attestations on Mainnet. Across 800,000 mainnet slots, roughly 96 out of every 100 slots would have been fast-confirmed within 12 seconds. Zero false confirmations. Read more below!

Vitalik shared his perspective on where @ethereumfndn is heading. Here is mine, another part of the same story. The EF Mandate from the board was something I proposed late last year. Two main things prompted me. First, debates that were meant to be technical had started to become political and personal, and at times shaped by quieter incentives. Second, as EF grew, more and more versions of "what EF should be" began pulling at the core of the organization from every direction at once. I became convinced that trying to satisfy all of them would leave us achieving nothing at all. It was time for us to restate our role and underlying principles clearly, both the parts that have been clear from the start and those that have been informed by over a decade of experience. We have said it many times: EF is one of many nodes in Ethereum. I know that is hard to hear for some, because EF was the first group, and in the early years it was essential for making things happen. But it was never meant to stay that way. I have been in crypto since 2012, before it became an "industry." I joined Kraken in 2013, shortly before the implosion of Mt. Gox, which I helped to clean up. I am very aware of how real growth works, and also aware of the real risks of centralization. So when I became ED in 2018, I understood that Ethereum growing beyond EF would be essential to fulfill its real promise as a public blockchain. The goal I set for myself was to ensure that this happens. The opposite path has always been untenable: Ethereum's future is too big for any single organization to bring about. So EF made deliberate choices to distribute power. We did incubate and release, like Uniswap and ENS. Support to seed a new norm, like ETHGlobal and the hackathons that are now everywhere. Funding the funders, like Gitcoin and Moloch. We always asked the same question: how does this stand on its own, without us? Those experiments, alongside the work of countless others, contributed to where we are today. Ethereum is now far bigger than anything EF could coordinate alone. EF now holds less than 0.2% of all ETH, and the return on all of that shared work, together with extraordinary people across the ecosystem, has been beyond anything we could have built by ourselves. That is exactly why a focused EF is possible now. The Mandate states simply the one thing EF must keep carrying: preserving and accelerating the properties and goals that keep Ethereum uniquely valuable, competitive, and worth building on. That is: CROPS - for the sake of inalienable user self-sovereignty and self-sovereign coordination. We cannot do it alone, and we do not intend to. But defining this as the north star for the mission, and coordinating with the allies who share it, is the responsibility we are keeping. None of this means EF stops caring about adoption, for everyday users or for institutions. The opposite is true: everything we do is ultimately for the people who use Ethereum. Supporting adoption, including institutional adoption, remains part of our work, pursued in the ways that fit our mission. The value proposition of Ethereum for both everyday users and institutions rests heavily on this. As EF becomes more focused and more opinionated, the team naturally becomes smaller and more concentrated. That is part of the choice. New leaders are already stepping into this mission and growing within it, and you will hear more from our management in the coming weeks, about what they are doing, and about the new structure and strategy taking shape. The mission we carry is not a smaller one, but a clearer one. Special thanks to those who have stepped in to support, defend and advance it.

vitalik.eth @VitalikButerin

2 months ago

Some of my perspective on where the @ethereumfndn is going. First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My

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Tomorrow at 4pm UTC Ethereum Builders Live with @jchaskin22 and @SamExotic3 of @LiquityProtocol We’ll dive into how Liquity built a fully immutable protocol for minting the decentralized stablecoin BOLD and explore the different ways users can earn yield with BOLD. x.com/i/broadcasts/1…

Ethereum is preparing for a post-quantum future. The transition away from BLS signatures starts with a dedicated Post-Quantum (PQ) Public Key Registry. ethresear.ch/t/exploring-th… Here is a deep dive into the design space, XMSS, and how Ethereum will secure its validators. 🧵👇

Live now: how Liquity built a fully immutable protocol for minting the decentralized stablecoin BOLD With @jchaskin22, joined by @SamExotic3 of @LiquityProtocol x.com/i/broadcasts/1…

1/ The EF App Relations team is putting out an open RFP for a neutral DeFi risk intelligence aggregator. Public good, open source, no composite scoring. If you're the team to build this, applications close June 15. Apply here: esp.ethereum.foundation/applicants/rfp… Here's how we got here 👇

In the not-so-distant future, sending crypto won’t mean exposing your entire financial history. Private transfers, coming to a wallet near you. Powered by Kohaku 🧵

1/ World, meet Cohort I of the Ethereum Security Subsidy Program. Out of 100+ applicants, here are the 30 projects selected for our first of many cohorts. Proudly securing @ethereum mainnet together with @ethereumfndn, @Nethermind and @chainlinklabs.

EIP-7732 enshrines proposer-builder separation into Ethereum's consensus protocol, removing the need for the trusted relays that today's MEV pipeline depends on. We have been working on a security analysis of ePBS that formally states and proves its security properties, together with the assumptions required for them to hold. Every guarantee is paired with precise assumptions: what the adversary can do, how the network behaves, and which actors are honest. Every claim is traced back to the Gloas specs, and the analysis evolves alongside it. github.com/ethereum/epbs-…

Starting June 10, ETH will become the default payment method for all newly approved grants. 🦄 This brings our grant-making closer to the Ethereum ecosystem we support. This change applies to new applications submitted on or after June 10.

beam call #2 - a quick summary🧵 This one was heavy on (post-quantum) cryptography What you need to know 👇 + link to recording

bullish ethereum congrats @tkstanczak, @hwwonx , @dannyryan, @VitalikButerin :)

🎙️ New @edge_pod 🤔 Ethereum Is Winning—So Why Is ETH Still Undervalued? 0:00 - Intro 6:18 - Origin of Etherealize and Vivek’s background 9:51 - Danny’s background 13:22 - How Etherealize acts on behalf of Ethereum 22:58 - Funding Etherealize with EF grant 29:39 - EF's strategy to ensure Ethereum is resilient 32:56 - The day-to-day for Etherealize 35:20 - Disconnect between Ethereum network vs ETH 39:47 - Why BlackRock BUIDL chose Ethereum 42:44 - Will L2 growth lead to value accrual for ETH? 48:58 - Fragmentation vs scaling single blockchain 53:16 - The elevator pitch for ETH/Ethereum 56:50 - ETH is the backbone of civilization infra 59:19 - Closing 🙏 Thanks to @Etherealize_io CoFounders @dannyryan and @VivekVentures for joining us!

I'm excited to share the brand new Beam Roadmap site! 🎉 Now you can find everything about the Beam Chain (new name soon), track its progress, access learning resources, and find the brilliant minds & teams behind it - all in one place. Explore now at beamroadmap.org

Excited to share EIP-7917 by me & @drakefjustin! It introduces deterministic proposer lookahead to the Beacon chain—a natural simplification that removes proposer unpredictability, which is crucial for preconfirmation protocols. eips.ethereum.org/EIPS/eip-7917 Details in🧵

Today's a good day to remember why we're here. We're building the future of finance—internet finance. Unstoppable global free trade, not trade wars. Credible neutrality, not entrenched interests. Permissionless innovation, not bureaucracy. Undebasable money, not money printers. Sovereign individuals, not intermediaries. A multi-decade vision, not 4-year cycles. The internet, not imperial superpowers. Positive-sum games, not rent-seeking. Peaceful revolutions, not warmongers. Cryptography, not aircraft carriers. Network effects, not isolationism. Fairness by design, not cronyism. Open competition, not oligopoly. Network states, not nationalism. Frictionless markets, not tariffs. Innovators, not lobbyists. Builders, not lawyers. Devs, not politicians. Internet finance is coming. It's built different. Believe in something.

VIRGIL GRIFFITH IS OUT OF PRISON!!! just released this morning! he'll be in a halfway house for a few weeks, and parole after that with work restrictions (so a pardon is still important), but HE IS OUT 🙏🙏🙏🙏🙏🙏🙏🙏

happy to announce that i’m joining @risechain to help it grow into what it deserves. RISE is both ultrafast & decentralized — using ethereum’s validators (based). proving you don’t need to compromise decentralization or be an L1 to become the fastest. → only 10ms latency → targeting 100k tps let’s rise ethereum

10K TPS on Ethereum L1 → high-value transactions for all (0.1 tx/day/person) 10M TPS on Ethereum L2s → internet finance for everyone (100 tx/day/person) Most activity will happen on L2s. Most people won't know they're using Ethereum. Ethereum is for everyone. Believe in something.