“Blob” often comes up in Ethereum upgrades. What exactly does it contain?
The Ethereum Dencun upgrade went live on March 13, 2024. Its core change was EIP-4844, also known as Proto-Danksharding.
When comparing fees on Layer 2 networks, remember to distinguish between the Layer 2 network’s own execution fees and the cost of submitting data to mainnet. Both can change.
When a Layer 2 network writes blob data to mainnet, the blob fee is also paid in $ETH .
If you get it, drop a 1. If you’re still confused, ask away in the comments.
#ETH
The Ethereum Dencun upgrade went live on March 13, 2024. Its core change was EIP-4844, also known as Proto-Danksharding.
When comparing fees on Layer 2 networks, remember to distinguish between the Layer 2 network’s own execution fees and the cost of submitting data to mainnet. Both can change.
When a Layer 2 network writes blob data to mainnet, the blob fee is also paid in $ETH .
If you get it, drop a 1. If you’re still confused, ask away in the comments.
#ETH