jakiro
Author: Kazu Umemoto, Bankless; Compilation: Deng Tong, Bitchain Vision
Ethereum is a vibrant network, and a world-class network of developers helps it stay ahead of its head.
In 2024, Ethereum made significant progress in its summary-centric evolution, introducing the blob space through the Dencun upgrade, helping L2 reduce transaction costs by 10 to 100 times.
Today, let’s take a look at some of the Ethereum Improvement Proposals (EIP) and Ethereum Comments Draft (ERC) that I’m worth paying attention to this year.Some of them are already planned for the Pectra upgrade, and we’ve covered it comprehensively here, while others may be further away from us, but already have some high profile supporters.
Below, let’s take a look at five notable Ethereum upgrades advocated by builders.
EIP-3074
Another most popular improvement included in the Pectra upgrade is EIP-3074.This upgrade provides an easier, cheaper, and better user experience for anyone interacting with Ethereum.Users will be able to bundle multiple transactions into 1, the project can sponsor users’ transactions and pay their gas fees, and now there is a way to restore your wallet if you lose your private key.
EIP-7251
Verifiers with a large amount of ETH will like EIP-7251 because they are now able to receive additional rewards from any ETH stake over the 32 ETH standard.Previously, any ETH staking amounts above 32 ETH were just idle there.If the validators want to stake, they must set up a completely different validator node and have an additional 32 ETH.With 7251, they are able to set up a validator node and stake all ETH they hold.Hopefully this will lead to large institutions running their own validator nodes and more involved in the ecosystem.
The addition of Pectra can also increase the speed of the Ethereum network through validator integration.Projects like Lido can now run fewer validator nodes, as they can be rewarded on any ETH staked volume that exceeds 32 ETH base volume.
EIP-7002
Pectra contains: Assume that you want to get the reward for running the validator node, but don’t want to deal with these useless things.You can delegate that responsibility to the validator node operator and provide them with the validator key, which is used to authenticate and propose blocks.At some point later, you want to extract your ETH and do something else on it, but the only way you extract the ETH is to sign the “voluntary exit message” with the validator key.If the operator decides to trick you without signing a message or the validator key is compromised, someone can withhold your ETH for ransom.
With EIP-7002, stakers simply use the extract key to extract their ETH.This removes the risk of malicious operators not signing out exit messages or the authenticator key is compromised and your ETH is ransom-suffered.
ERC-7683
Intent has been a hot topic in DeFi over the past few years, ERC-7683 is a token standard that tries to solve interoperability issues head-on and defines the shared structure of cross-chain intent, “just like anyone can create,Order tickets that any solver can achieve,” the ERC website reads.
The standard was first released in 2024 and was written by Uniswap and Across Protocol.With the continued adoption of ERC-7683, we can see huge progress in the field of interoperability.
ERC-7841
ERC-7841 is a very young token standard that has attracted some attention during the holidays due to its approach to interoperability.This standard proposes a low-level message format and API that provides programs to read and write messages from other chains.7841 Eliminates any type of chain-specific logic so that the application can be launched seamlessly across multiple chains.There are some other EIPs that have similar goals, but the ongoing excitement here shows strong momentum for interoperability.
