Quick Take
Vitalik discusses computational task architectures.
Arbitrum begins its security council election process.
Coinbase Smart Wallet reaches 21,000 MAUs.
Optimism re-opens Season 6 mission requests.
Vitalik On Computational Task Architectures
Ethereum creator Vitalik Buterin published a blog discussing the separation of computational tasks into two key categories: business logic and expensive work. He highlights that modern computation relies on a "glue and coprocessor" architecture, where the "glue" component handles general tasks with lower efficiency, while the "coprocessor" is responsible for managing resource-intensive operations with higher efficiency. In the Ethereum Virtual Machine (EVM), business logic is executed by high-level languages like Solidity, whereas specialized opcodes manage costly operations such as storage reads and cryptographic tasks. Buterin observes a growing trend towards modular, specialized computation, which he views as beneficial for cryptography, blockchain, and AI, where both efficiency and security are critical.
Arbitrum Security Council Elections
The election process for the Arbitrum Security Council is now open. Candidates interested in a Security Council position can currently signal their intent by posting in the Arbitrum governance forum. In late September, candidates can register as a member to run for a position. Candidates must then receive support from at least 0.2% of all votable ARB tokens to secure a nomination. The 12-member council is responsible for executing urgent and emergency response protocol upgrades. Elections for the Arbitrum Security Council are held twice a year, rotating out six members each time. The election period will run from October 13th to November 3rd.
Coinbase Smart Wallet Adoption Grows
Coinbase Smart Wallet, the browser-based smart contract wallet from Coinbase, has reached over 37,000 smart wallets created on Base. August marked its most successful month yet, with more than 21,000 monthly active users and over 66,000 user operations. Base also reached 14 million MAUs in August. Launched for all users in June this year, Coinbase Smart Wallet allows users to set up a self-custodial wallet using just a passkey, removing the need for recovery phrases. The wallet supports various passkey login methods, including Google Chrome profiles, iCloud, Face ID, fingerprint, and Yubikey.
Other News
OP re-opens Season 6 mission requests
Devcon ticket wave on 3rd Sept.
Van Loon v. U.S. Treasury case
Vega Chain shutting down
