Our core engineer @StackDigest took the stage at Ethereum Korea One to walk through how Privacy Boost was built around the requirements institutions bring to onchain privacy. Thanks to @ethereumkoreaio for having us.

Pixel dot wassie by Muse

📋Withdrawing EIP-8363 from consideration for Hegotá. EIP-8363 rapidly became one of the most commented-on EIPs in the history of the Ethereum-Magicians forum, with 200+ comments in a few weeks. As we progressed through the Hegotà CFI (Consideration For Inclusion) process, several parties in the industry as well as core protocol and client contributors voiced that a fork scoping exercise was not the right venue to settle an issuance policy change. We agree and we'd rather acknowledge this now than carry on towards Hegotà in this context. The topic is too important and raised too many concerns that it deserves its own process. We commit to giving issuance its own process and we thank the entities such as @LidoFinance who offered to help steer such an initiative. We stand by the motivation of this EIP, in particular: “a very high staking ratio is undesirable for two distinct reasons (...), preserving Ethereum’s security, neutrality and resistance to capture, and protecting ETH’s role as money.” Not everybody immediately relates to both reasons and for others recognizing just one of these reasons is enough to justify a change. Nevertheless, we will all benefit from improving our understanding of the issue and what is at stake. The questions we have faced since we published EIP-8363 can be boiled down to 5 categories: ➡️Security: What does a lower ratio actually secure versus a higher ratio? ➡️Industry impact: What else is built on the yield and what will be the impact ? ➡️Curve specs and alternate tools: Is this curve even the right instrument? ➡️Composition: Who is left staking (the effect on the composition of the validator set) ? ➡️Decentralization: How will solo stakers be impacted by the reduction? We already argued a lot, conceded some and adjusted a few points in the very long Ethereum-Magicians thread mentioned supra. For a broader consensus to emerge and a better issuance policy for Ethereum to be designed and adopted, we need a dedicated process. We call for all willing hands to help and contribute to this, please do reach out. Here’s our start at what a multi-node process would look like (table attached). Onward and forward, let’s improve Ethereum.

I thought mechanical slashing won’t actually deter the collusion of supermajority, and the real cost is the danger of social slashing. I think this has been considered from the design of various PoS chains? attacks from supermajority (e.g. 66% on Ethereum) should only be handled via social fork. If the research was to contribute to breaking the common belief, won’t they have to model the cost of social slashing properly? I’m curious whether the paper’s risk-free collusion equilibrium remains an equilibrium once validators assign a non-zero probability to a social fork in which the colluding stake is excluded or destroyed. That seems like the economically relevant tail risk for a supermajority attack, rather than the mechanical slashing that the attackers can censor themselves.

Ethereum Korea One Day 2 is live in Seongsu Today's highlights • ​15:00–15:30 Flash Boys or Superforecasters? | Danning Sui (Pantera Capital) • ​​16:30–17:00 Ethereum's Issuance Wars | Hyung-Kyu Choi (DSRV), Jerome de Tychey (EthCoordinate), Isidoros Passadis (Lido) • ​​​17:30–18:30 Are L2s Still Scaling Ethereum? | Harry Jeon (Sunnyside Labs), Ed Felten (Offchain Labs), Chris Andreola (Optimism), Ilia Volokh (StarkWare) Day 2 is a full day dedicated to the people actually shipping Ethereum is where capital and policy meet Ethereum. Full schedule and speaker lineup below 📍 luma.com/0a4zc5a6

The cryptographic world computer: vitalik.eth.limo/general/202… My attempt to express in somewhat concise terms the true meaning of basically everything planned to happen to Ethereum starting from the fork after Hegota. It's really not just a blockchain anymore. It's a hybrid architecture that combines together blockchains and modern cryptography, to enable much more powerful properties. FOCIL, EIP-8288, Lean consensus, state management, formal verification, advanced mempool improvements (including privacy), and the longer-term specter of obfuscation all mentioned.

Finally…! Foundry, viem, wagmi, and then Solar. Interesting point is, they can easily modify EVM at Tempo when they own a compiler. Developer tooling has been huge problems when a chain diverges from standard EVM, and I think they know the problem clearly.

Toss, Korea's largest fintech, and KOMSCO, Korea's state minting corporation, just completed a PoC for onchain payment infrastructure. Privacy Boost was the privacy layer inside it. ↓

Doom of FPS games?

[How Privacy Boost Works #4]: Portal, a Deposit Address for Your Private Account Why should funding a private account be harder than depositing into an exchange? With Portal, it isn't. Set up a reusable deposit address once, then send tokens to it from anywhere. Onchain records show tokens arriving at the Portal and entering the pool. They don't show which private account owns them. Full detail below ↓