Let’s talk about the Cancun upgrade and blobs.
Blob data cannot be read by the EVM; contracts can only access a versioned hash derived from the blob’s KZG commitment.
To be honest, I hadn’t noticed this point before either: when comparing fees on Layer 2 networks, remember to distinguish between the Layer 2’s own execution fees and the cost of submitting data to the mainnet. Both can fluctuate.
Layer 2 networks also pay blob fees to submit blob data to the mainnet, using $ETH .
Knowledge can help you avoid pitfalls, but it can’t replace position management.
#ETH
This is not a recommendation. Buy or sell at your own discretion.
Blob data cannot be read by the EVM; contracts can only access a versioned hash derived from the blob’s KZG commitment.
To be honest, I hadn’t noticed this point before either: when comparing fees on Layer 2 networks, remember to distinguish between the Layer 2’s own execution fees and the cost of submitting data to the mainnet. Both can fluctuate.
Layer 2 networks also pay blob fees to submit blob data to the mainnet, using $ETH .
Knowledge can help you avoid pitfalls, but it can’t replace position management.
#ETH
This is not a recommendation. Buy or sell at your own discretion.