Summary
The Dencun hard fork launching in March 2024 will introduce several Ethereum Improvement Proposals (EIPs) on the Ethereum mainnet. EIP-4844, also known as proto-danksharding, is gaining attention as it aims to improve data availability for Ethereum rollup solutions. Currently, the method of writing data as calldata is costly, but EIP-4844 will introduce blob transactions as a more efficient alternative. Blob transactions are temporary data storage mechanisms that can be processed and stored more efficiently. It is expected that EIP-4844 will reduce the cost of posting data for rollup solutions, but the exact impact is uncertain. Rollups may need to consider factors such as pricing, demand, and data posting strategies when utilizing blobs. Additionally, rollups can choose where to post their data, including alternatives like Celestia and Eigenlayer. Each rollup chain can make its own decisions based on cost and trust in the data availability system.
Key Points
1. The Dencun hard fork is expected to launch in March 2024 and will implement multiple Ethereum Improvement Proposals (EIPs) on the Ethereum mainnet.
2. EIP-4844, also known as proto-danksharding, is a key proposal gaining significant interest. It aims to introduce blob transactions as an alternative to the current expensive method of data storage for layer-2 scaling solutions.
3. Blob transactions are designed to address data availability needs for Ethereum rollup solutions and offer a more efficient and cost-effective way of storing and processing large packets of data. They will provide a lower level of data availability service that meets the requirements of rollups.