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David Tso (dave.base.eth) 🔵
@cryptso.eth
1/ Last week, Ethereum’s long-awaited Dencun upgrade finally went live on Mainnet Most notably, the upgrade introduced ephemeral data blobs with EIP-4844, AKA Proto-Danksharding, which reduced rollup transaction fees by 10-100x Here’s everything you need to know and what’s next
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David Tso (dave.base.eth) 🔵
@cryptso.eth
2/ Scaling Ethereum has been a hotly discussed topic, and the implementation of rollups brought significant advancements Rollups, or L2s, execute transactions offchain, batch the results, and post them in a compressed form to Ethereum’s L1 This = cheaper and faster transactions
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David Tso (dave.base.eth) 🔵
@cryptso.eth
3/ Optimistic and ZK rollups have been getting tons of traction However, it’s expensive and computationally intensive to post their data to Ethereum’s L1 This is because their data were being permanently stored onchain even tho they were only needed long enough to be verified
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David Tso (dave.base.eth) 🔵
@cryptso.eth
4/ EIP-4844 introduces blobs, which are used as temporary data storage on Ethereum’s L1 Instead of storing all of a rollup’s transaction data onchain, blobs are a way to preserve the important data in batches and discard the rest Meaning reduced costs and increased capacity
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David Tso (dave.base.eth) 🔵
@cryptso.eth
5/ Blobs create a new blobspace attached to Ethereum blocks, specifically tailored for rollups Blocks can include up to six blobs, and each blob is available for 18 days before it expires Blobs are way cheaper than calldata, but their fees still vary based on supply and demand
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David Tso (dave.base.eth) 🔵
@cryptso.eth
6/ EIP-4844 makes Ethereum a more efficient data availability layer for rollups Ethereum now processes both regular transactions that consume blockspace and blob-carrying transactions that consume blobspace By doing so, rollups are less affected by L1 activity, e.g. an NFT mint
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