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polynya pfp
polynya
@polynya
My post from 1.5 years about "assessing demand drivers for ETH" had the line "Needless to say, we’ll need to wait for EIP-4844 to assess this." Now that EIP-4844 is out for half a year, it's indeed time to do so. As such, I'd downgrade the significance of "L2 fee burns" from 2/10 to 1/10. While it's very likely demand for blobspace is gradually going up, supply is up even more with PeerDAS imminent, plus full sharding & Nielsen's Law making blob count up only. Cross-L2 interoperability has also been much less required than anticipated, as most users are happy to stick to their chosen L2, or bridge between only occasionally So, why was I (mildly) wrong? I did not fully understand the concept of strict global consensus then, which I only wrote about in depth later in 2023. With a better grasp of the true demand landscape for blobspace, the 1/10 is obvious Also, this is great for Ethereum/ETH in the same way as building public roads https://polynya.mirror.xyz/GPC26Y_rlwCyPpj_N3HeW_izY1-pIVwKW5bjuPNrGeQ
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Kccrypto🎩 pfp
Kccrypto🎩
@kccrypto
the block/blob space is so abundant now, and the question becomes how to fill them. Infra and blockspace limitations are no longer valid, and let's think about apps that will make use of the blockchains
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