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Jayeharrill.eth pfp
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@ferns
I don't think people fully grasp how incredible the Dencun hardfork is. It's another step towards Ethereum truly being money and a store of value. Let me explain.
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Jayeharrill.eth
@ferns
With Blob data being now posted temporarily to the beacon chain allowing rollups to move where they post their verifications, the initial unlock is cheaper fees as rollups gobble up less and less calldata from a smart contract that is very expensive.
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@ferns
But this blob data also has a floating price, and to do this the base fee is now algorithmically adjusting in real-time to network usage. This creates a future looking pricing model or index of which blob costs can be predicted and anticipated.
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