🔥 In-depth blockchain knowledge: the Dencun upgrade and blobs
Layer 2 networks only need to make transaction data available for anyone to download and verify the results during the period when verification is needed. The mainnet doesn’t need to store this data forever.
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 the mainnet. Both can change.
When Layer 2 networks write blob data to the mainnet, the blob fee is also settled in $ETH .
If you understand, drop a 1. If you’re still confused, ask away in the comments.
Make your own decisions when buying or selling—don’t follow the crowd.
Layer 2 networks only need to make transaction data available for anyone to download and verify the results during the period when verification is needed. The mainnet doesn’t need to store this data forever.
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 the mainnet. Both can change.
When Layer 2 networks write blob data to the mainnet, the blob fee is also settled in $ETH .
If you understand, drop a 1. If you’re still confused, ask away in the comments.
Make your own decisions when buying or selling—don’t follow the crowd.