Coinbase Developer Platform’s Post

Join us on June 6 as Coinbase Protocol Specialist Ben Rodriguez, alongside leaders from Astria, Espresso, and Radius, will explore the evolving rollup ecosystem and strategies for decentralizing sequencers. https://lnkd.in/e6JWnzda

Coinbase is pleased to announce that EigenDA will be the first AVS on EigenLayer that our Operator will support. EigenDA is a data availability (DA) solution built by the EigenLabs team. It's the first AVS to launch on EigenLayer, the restaking protocol enabling projects to leverage Ethereum’s security to create decentralized networks. DA refers to guaranteeing that all transaction data is available for network nodes to verify blocks. But there’s a problem. As the number of transactions increases, requiring all nodes to download all transaction data prevents scaling. This is known as the DA problem. Enter rollups (i.e., L2s), which help Ethereum scale by moving transactions off-chain, bundling them, and posting the compressed data to mainnet (via call data) so nodes can verify their veracity. But as L2s grow, we run into the same DA bottleneck. This is where DA scaling solutions like EigenDA come in. To learn more 👉🏼 https://brnw.ch/21wJntk

📣 ICYM, during our discussion yesterday, Bienvenido Rodriguez, protocol specialist at Coinbase, and Mike Neuder from the Ethereum Foundation shared some valuable insights on MaxEB and its implications for Ethereum’s validators. Watch the recording now 👉🏼 https://lnkd.in/eUMFWSMH

Today's the day. Join Bienvenido Rodriguez, senior protocol specialist at Coinbase, and Mike Neuder from the Ethereum Foundation at 11 am PST / 2 pm EDT to dive into what it'll mean to increase an ETH validator’s maximum effective balance (MaxEB) to 2048 ETH. RSVP now 👉🏼 https://lnkd.in/dNPiGHsU

Ethereum’s next network upgrade is expected to increase the maximum ETH from which a validator can earn staking rewards (known as MaxEB) from 32 ETH to 2,048 ETH. The change — arguably the biggest since the Shapella upgrade — is being made as Ethereum's validator count nears 1 million nodes and is designed to encourage consolidation among large-scale staking operators. Want to understand MaxEB and its implications better? Our new primer covers MaxEB basics, the rationale for the increase, and other considerations and downstream effects. 👉🏼 https://lnkd.in/dNPfjWvU

With Dencun behind us, the focus has turned toward the next Ethereum upgrade, Pectra. The most important update that’ll be included is EIP 7215, which will increase the amount of staked ETH from which stakers can earn rewards via a single validator (known as the maximum effective balance, or MaxEB) from 32 ETH to 2048 ETH. Join Bienvenido Rodriguez, Protocol Specialist at Coinbase Developer, on April 25 as he discusses MaxEB's implications with Mike Neuder from the Ethereum Foundation. RSVP here 👉🏼 https://lnkd.in/dNPiGHsU

Just dropped: our Eigenlayer Protocol Guide. Our Guide dives into the mechanics of EigenLayer, AVSs, and the risks and rewards involved. Once again, congrats to the Eigen Labs community and all active Operators. We’re proud to do the important work together of extending the security of Ethereum’s network to new EigenLayer projects. Together we are opening the doors for faster permissionless innovation. 👉https://lnkd.in/g4_NfTvs

Congratulations to Eigen Labs on the Mainnet launch of EigenLayer! It’s an exciting step toward enabling more open innovation on Ethereum. Coinbase Cloud is proud to be among the protocol's first Operators, ready to serve as a trusted partner for your restaked ETH or liquid staking tokens (LSTs). As a quick refresher, the EigenLayer protocol is designed to leverage the robust security of Ethereum, provided by +31M ETH staked on the network, to secure a broader range of decentralized applications. It does this by enabling users to “restake” their staked ETH or LSTs to secure additional projects.    Operators like Coinbase Cloud provide infra services to add security to projects building on EigenLayer — called Actively Validated Services (AVSs). Restakers who don't want to run their own infra need to delegate their staked assets to an Operator they can trust. Think of EigenLayer as a two-sided marketplace for decentralized trust. On one side, stakers can earn extra rewards on their restaked assets for securing new AVSs (subject to each AVS’s slashing conditions). On the other side, builders gain access to ready-to-go validators. As adoption by Actively Validated Services (AVSs) grows, it is more important than ever to choose an Operator you trust. This is because for every supported AVS, restakers will earn additional rewards; however, they are also subject to the AVS’s slashing penalties. Delegate to Coinbase Cloud's Operator, backed by the same trusted standards that power our validators across 19+ networks with zero slashing events. To learn how to delegate to Coinbase Cloud’s Operator today, please read our Delegation Guide. https://lnkd.in/gS-4Vt-R

Coinbase Cloud has a long history of supporting client diversity within the Ethereum network. Today, we’re pleased to announce we’ve begun rolling out support for the Nethermind execution client within our Ethereum staking nodes. In the coming months, we also plan to add support for the Erigon execution client. This infrastructure update brings execution client diversity to Coinbase Cloud, and further improves the security of staked assets and the underlying blockchain. Coinbase Cloud continues to make it easy and secure for customers to stake their assets and earn rewards. To dive into the details, check out our blog ↓ https://lnkd.in/ezCKfwZD