Attack on digital freedom?
Tornado Arrest & Ethereum Merge Scheduled
Welcome to the #22nd edition of DeFi Fridays!
101 today:
Major happenings in the ecosystem —
Tornado Cash developer arrested & builders in the space calling it an attack on digital freedom; ETH Merge scheduled!
A topic we explain:
A Brief Timeline of Ethereum’s upgrades leading up to the Merge.
Let’s Start!
A Brief Timeline of Ethereum’s upgrades leading up to the Merge:
📅2013 - Ethereum Whitepaper released
The introductory paper was published in 2013 by Vitalik Buterin, the founder of Ethereum, before the project's launch in 2015.
📅Apr 01, 2014 - Yellowpaper released
The Yellow Paper, authored by Dr. Gavin Wood, is a technical definition of the Ethereum protocol.
📅Jul 22, 2014 - Ether sale
Ether officially went on sale for 42 days. You could buy it with BTC.
Launching the Ether Sale (Posted by Vitalik Buterin)
📅 Jul 30, 2015 - Frontier
Frontier was an implementation of the Ethereum project. It was intended for technical users, specifically developers. Read more here.
📅Sep 07, 2015 - Frontier thawing
The frontier thawing fork lifted the 5,000 gas limit per block and set the default gas price to 51 gwei. This allowed for transactions.
📅Mar 14, 2016 - Homestead
It included several protocol changes and a networking change that gave Ethereum the ability to do further network upgrades.
📅Jul 20, 2016 - DAO fork
The DAO fork was in response to the 2016 DAO attack where an insecure DAO contract was drained of over 3.6 million ETH in a hack. The decision to fork reached over 85% of the votes.
📅Oct 18, 2016 - Tangerine whistle
The Tangerine Whistle fork was the first response to the DoS attacks on the network.
📅Nov 22, 2016 - Spurious Dragon
The Spurious Dragon fork was the second response to the denial of service (DoS) attacks on the network
📅Oct16, 2017 - Byzantium
The Byzantium fork added certain cryptography methods to allow for layer 2 scaling.
📅Feb 28, 2019 - Constantinople
The Constantinople fork optimized the gas cost of certain actions in the EVM.
📅Dec 08, 2019 - Istanbul
Improved denial-of-service attack resilience.
Made Layer 2 scaling solutions based on SNARKs and STARKs more performant.
📅Jan 02, 2020 - Muir Glacier
The Muir Glacier fork introduced a delay to the difficulty bomb.
📅Oct 14, 2020 - Staking deposit contract deployed
The staking deposit contract introduced staking to the Ethereum ecosystem.
📅Dec 01, 2020 - Beacon Chain Genesis
The Beacon Chain started producing blocks on December 1, 2020, & was an important step toward the future of Ethereum.
📅2021: Berlin, London, Altair, Arrow Glacier
While Berin & London upgrades were focused on optimizing gas costs, the Altair upgrade was the first scheduled upgrade for the Beacon Chain. The arrow glacier upgrade was focused on the difficulty bomb.
📅Jun 30, 2022: Gray Glacier
The Gray Glacier network upgrade pushed back the difficulty bomb by three months.
📅Aug 10, 2022: Goerli testnet
Goerli testnet successfully switched to PoS
📅Aug 11, 2022: The Ethereum Merge Scheduled
Scheduled for TTD 58750000000000000000000, which is approximately Sept 15-16th.
Source: Ethereum
Earn up to 10% APY on multiple Blue-Chip DeFi Protocols with Brew.
Get started with Self-Custody - Sign up now
Major News in the Ecosystem:
🔰ETH Merge scheduled for Sept 15th
🔰 Suspected Tornado Cash Developer Arrested by Dutch Police
💎 Wait for Brew Findouts💎
In this edition - we’ve found a not-so-hidden gem for our readers. 💎
Let’s be honest, markets make a lot of noise. And the web3 market is no less. Scrolling away on #cryptotwitter will make sure you know that. And so, we have brought you a source that separates insights from the noise.
Investrly is a newsletter publication on substack that empowers its readers to invest early in Web3 and learn & earn through their newsletter & podcast.
Find their recent edition here.
More Good Reads:
📝ZK proofs explained at 3 levels of depth
📝Free DeFi resource for beginners
Did you like this edition? Help us improve! 💪
That’s it for today, folks. See ya next Friday. 🧢
Disclaimer: Nothing included in DeFi Fridays should be taken as financial advice. DeFi Fridays & investrly have mutually decided to mention each other in their newsletters.