EIP-4844: Key to the future of Ethereum
Ethereum, one of the most important blockchain platforms, is preparing for another significant change, all thanks to Ethereum Improvement Proposal (EIP) number 4844, also known as Proto-Danksharding. It is scheduled to be implemented on March 13, 2024! But what is it, what does it mean for regular users, and how will it impact more advanced structures, such as layer two (L2)? Let's take a short read where I will try to clear up these doubts. What is EIP? Before delving into the world of EIP-4844, it is worth understanding what EIP actually is. Ethereum Improvement Proposal (EIP) is a formal proposal for a change aimed at improving the functions or development of the Ethereum network. It is a structural document in which the Ethereum community can suggest modifications, improvements, or additions to the Ethereum protocol. EIP enables the community to have organized discussions, evaluations, and potential implementation of proposed changes, maintaining a democratic governance model and transparency of network development. What is EIP-4844? EIP-4844 is also known as Proto-Danksharding, a significant improvement proposal for the Ethereum network. As part of a larger project called "The Surge," it aims to address scalability issues, especially related to high transaction fees. Proto-Danksharding lays the groundwork for future full shard implementations, while introducing significant changes to increase network scalability and efficiency. In summary, EIP-4844 introduces a new methodology called proto-danksharding, aimed at reducing transaction costs and increasing throughput. By using "data blobs" (data groups), this protocol streamlines transaction processing and reduces the amount of data stored on the blockchain, resulting in lower processing and storage costs. It is also important to note that EIP-4844 not only pertains to proto-danksharding but also introduces other important updates, serving as a foundation for future improvements in the Ethereum network. What is Sharding and Proto-Danksharding? Sharding is an advanced scaling technique in blockchain networks, and a key element of EIP-4844. Sharding involves dividing the main blockchain into smaller units called "shards." Each of these shards operates independently, processing transactions in parallel. Proto-Danksharding, as part of EIP-4844, introduces a new form of sharding on the way to full Danksharding implementation in the future. Proto-Danksharding is a transitional stage that introduces a new transaction type called "blob-carrying transactions," aimed at improving data processing efficiency on the Ethereum network. In summary, sharding is a strategy to optimize the performance of a blockchain network by dividing it into smaller, independent fragments. Proto-Danksharding is an experimental stage of shard implementation, introducing innovative solutions such as utilizing large data packages called "blobs" to increase transaction throughput. What are Blobs? Blobs refer to large data packages that are transmitted outside the main Ethereum blockchain. They are significant in the context of EIP-4844, especially in the implementation of proto-Danksharding. Unlike current practice using calldata, Blobs allow for more efficient attachment of large data packages to transactions. Under EIP-4844, Blobs are passed off-chain and then referenced in transactions, meaning less data is stored on the blockchain. This leads to reduced data processing and storage costs, affecting overall transaction fees positively. Blobs implemented by Proto-Danksharding have specific limitations, where the number of blobs per block is limited to 16, each not exceeding 128 KB. This data management approach adds about 2 MB of space to blocks. However, full Danksharding will allow for a larger number of blobs, further enhancing data processing efficiency on Ethereum. Impact on Layer Two (L2) EIP-4844 promises significant changes in Ethereum network fees, especially on Layer Two solutions like Optimism and zkSync. One of the key aspects of this upgrade is the introduction of a new transaction type known as "blob-carrying transactions," which significantly impact transaction processing costs. In the traditional transaction model on Ethereum, data processing fees are a crucial element that users must consider. Proto-Danksharding introduces the concept of storing larger data packets (blobs) off the main chain, reducing the amount of data that needs to be processed on the first layer (L1). As a result, processing costs decrease. In the context of Layer Two solutions, EIP-4844 offers the potential for a significant reduction in transaction fees. As Proto-Danksharding reduces the load on the main network, transaction costs on Layer Two solutions may decrease significantly. This means that developers and users utilizing these solutions will enjoy cheaper transactions, making Ethereum usage more attractive. Optimism has provided a very interesting website where we can check how fees for basic operations will be reduced on several networks. I encourage you to check the changes that this amendment will introduce here: https://welovetheblobs.xyz/ The impact of EIP-4844 on Layer Two fees can be seen as a key factor that will contribute to creating a more efficient and economically friendly environment. Lowering transaction costs on Layer Two solutions can lead to increased engagement by users and developers, as well as overall activity throughout the broader Ethereum ecosystem. In conclusion, let us briefly summarize the most important information: What is EIP-4844? - It is a planned change in the Ethereum structure aimed at reducing transaction costs and increasing throughput. Why is this important for users? - This improvement, among other things, reduces transaction costs, making the use of applications and services based on Ethereum more user-friendly and cost-effective. How will it affect Layer Two (L2)? - It will simplify and lower the data transmission fees between layers, making projects on Layer Two more efficient. We are talking here even about a 100x reduction in fees on L2, but more realistic values are 10x. It will be affordable! Will EIP-4844 change the face of Ethereum? We have to wait until March 13, 2024, when the change is planned to be implemented. One thing is certain - Ethereum continues to evolve, becoming more efficient and accessible to all.
Ethereum, one of the most important blockchain platforms, is preparing for another significant change, all thanks to Ethereum Improvement Proposal (EIP) number 4844, also known as Proto-Danksharding. It is scheduled to be implemented on March 13, 2024! But what is it, what does it mean for regular users, and how will it impact more advanced structures, such as layer two (L2)? Let's take a short read where I will try to clear up these doubts. What is EIP? Before delving into the world of EIP-4844, it is worth understanding what EIP actually is. Ethereum Improvement Proposal (EIP) is a formal proposal for a change aimed at improving the functions or development of the Ethereum network. It is a structural document in which the Ethereum community can suggest modifications, improvements, or additions to the Ethereum protocol. EIP enables the community to have organized discussions, evaluations, and potential implementation of proposed changes, maintaining a democratic governance model and transparency of network development. What is EIP-4844? EIP-4844 is also known as Proto-Danksharding, a significant improvement proposal for the Ethereum network. As part of a larger project called "The Surge," it aims to address scalability issues, especially related to high transaction fees. Proto-Danksharding lays the groundwork for future full shard implementations, while introducing significant changes to increase network scalability and efficiency. In summary, EIP-4844 introduces a new methodology called proto-danksharding, aimed at reducing transaction costs and increasing throughput. By using "data blobs" (data groups), this protocol streamlines transaction processing and reduces the amount of data stored on the blockchain, resulting in lower processing and storage costs. It is also important to note that EIP-4844 not only pertains to proto-danksharding but also introduces other important updates, serving as a foundation for future improvements in the Ethereum network. What is Sharding and Proto-Danksharding? Sharding is an advanced scaling technique in blockchain networks, and a key element of EIP-4844. Sharding involves dividing the main blockchain into smaller units called "shards." Each of these shards operates independently, processing transactions in parallel. Proto-Danksharding, as part of EIP-4844, introduces a new form of sharding on the way to full Danksharding implementation in the future. Proto-Danksharding is a transitional stage that introduces a new transaction type called "blob-carrying transactions," aimed at improving data processing efficiency on the Ethereum network. In summary, sharding is a strategy to optimize the performance of a blockchain network by dividing it into smaller, independent fragments. Proto-Danksharding is an experimental stage of shard implementation, introducing innovative solutions such as utilizing large data packages called "blobs" to increase transaction throughput. What are Blobs? Blobs refer to large data packages that are transmitted outside the main Ethereum blockchain. They are significant in the context of EIP-4844, especially in the implementation of proto-Danksharding. Unlike current practice using calldata, Blobs allow for more efficient attachment of large data packages to transactions. Under EIP-4844, Blobs are passed off-chain and then referenced in transactions, meaning less data is stored on the blockchain. This leads to reduced data processing and storage costs, affecting overall transaction fees positively. Blobs implemented by Proto-Danksharding have specific limitations, where the number of blobs per block is limited to 16, each not exceeding 128 KB. This data management approach adds about 2 MB of space to blocks. However, full Danksharding will allow for a larger number of blobs, further enhancing data processing efficiency on Ethereum. Impact on Layer Two (L2) EIP-4844 promises significant changes in Ethereum network fees, especially on Layer Two solutions like Optimism and zkSync. One of the key aspects of this upgrade is the introduction of a new transaction type known as "blob-carrying transactions," which significantly impact transaction processing costs. In the traditional transaction model on Ethereum, data processing fees are a crucial element that users must consider. Proto-Danksharding introduces the concept of storing larger data packets (blobs) off the main chain, reducing the amount of data that needs to be processed on the first layer (L1). As a result, processing costs decrease. In the context of Layer Two solutions, EIP-4844 offers the potential for a significant reduction in transaction fees. As Proto-Danksharding reduces the load on the main network, transaction costs on Layer Two solutions may decrease significantly. This means that developers and users utilizing these solutions will enjoy cheaper transactions, making Ethereum usage more attractive. Optimism has provided a very interesting website where we can check how fees for basic operations will be reduced on several networks. I encourage you to check the changes that this amendment will introduce here: https://welovetheblobs.xyz/ The impact of EIP-4844 on Layer Two fees can be seen as a key factor that will contribute to creating a more efficient and economically friendly environment. Lowering transaction costs on Layer Two solutions can lead to increased engagement by users and developers, as well as overall activity throughout the broader Ethereum ecosystem. In conclusion, let us briefly summarize the most important information: What is EIP-4844? - It is a planned change in the Ethereum structure aimed at reducing transaction costs and increasing throughput. Why is this important for users? - This improvement, among other things, reduces transaction costs, making the use of applications and services based on Ethereum more user-friendly and cost-effective. How will it affect Layer Two (L2)? - It will simplify and lower the data transmission fees between layers, making projects on Layer Two more efficient. We are talking here even about a 100x reduction in fees on L2, but more realistic values are 10x. It will be affordable! Will EIP-4844 change the face of Ethereum? We have to wait until March 13, 2024, when the change is planned to be implemented. One thing is certain - Ethereum continues to evolve, becoming more efficient and accessible to all.
https://welovetheblobs.xyz/...
Show original content
9 users upvote it!
0 answers