With Dencun Upgrade and blob activation out of the way, Ethereum co-founder Vitalik Buterin has hinted that the next thing to do is verify the blobs with a conservative version of DAS known as PeerDAS.
It’s been over two weeks since the Ethereum Dencun upgrade went live on mainnet at the epoch 269568 with the first blob recorded a few minutes later. The upgrade brought the deployment of EIP-4844, also known as “proto-danksharding”, which significantly lowers Layer-2 gas fee or transaction costs. With this, developers and community members have been eager to find out the next thing after the blob activation.
Buterin highlighted that the blob fee market has reached “price discovery mode.” He further explained that the future of Ethereum scaling depends on rollups backed by data space secured with data availability sampling. Consequently, deploying EIP-4844 is crucial to reaching this future.
This next step of verifying blobs with PeerDAS is necessary for introducing additional scaling solutions to the protocol. In a published statement, the Ethereum co-founder noted that “blobs are the moment where Ethereum scaling ceased to be a “zero-to-one” problem, and became a “one-to-N” problem.”
For the Ethereum developer team, the aim of all these upgrades is data availability sampling. Notably, the EIP-4844 does not directly give data availability sampling but it sets up the infrastructure that makes it easier to implement. With EIP-4844, data availability sampling can be introduced and blob count can be increased behind the scenes. All these can be achieved without any involvement from users or applications.
In addition to verifying these blobs, there would be a progressive increment of blob capacity as this would contribute to bringing to life the full vision of data availability sampling with 16 MB per slot of data space, marked as the eventual goal. The Ethereum Dencun upgrade team will also work on improving L2s to maximize the blob data space made available to them in the meantime.
Meanwhile, several Ethereum-based L2 platforms have seen a major drop in gas fees since the Dencun upgrade and the integration of EIP-4844. The Dencun upgrade even impacted the cost associated with zkSync Era’s sequencer usage, particularly in using Calldata.
The Bitcoin price is back above the psychological $75,000 level after briefly dipping below it…
Tom Lee's Bitmine has bought more ETH over the last 24 hours, boosting its Ethereum…
Bitget has launched SPCXUSDT. The new IPO Pre-Market Perpetual Contract linked to SpaceX, SPCXUSDT will…
The CLARITY Act’s odds of passing before 2027 plummeted below 50% on prediction market platforms…
The U.S. Securities and Exchange Commission has approved Nasdaq's proposal to launch Bitcoin index options.…
The U.S. Securities and Exchange Commission (SEC) has postponed plans to develop rules for trading…