The Next Ethereum Upgrade: Blobspace 101 with Domothy
Dom, aka Domothy, is a researcher at the Ethereum Foundation who is working on the research and development of some key Ethereum protocol upgrades like EIP4844, danksharding, and MEV Burn. We last had Dom on Bankless about that last one, MEV Burn, and this time we’re bringing him around to fully understand an incoming new property of Ethereum that EIP4844 is going to introduce… a new resource market… called BLOBspace… kind of like Blockspace… but for Blobs!
What are blobs? What is Blobspace? How is it different from blockspace and blockspace markets? What will it do for Ethereum and its rollups? These are the questions we explore with Dom today.
------
✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-blob...
You know how we say blockchains sell blocks? Well, soon Ethereum’s going to be selling more than just blocks. It’s going to be selling blobs too.
We’re just a few months out from the biggest Ethereum release since the merge and no one’s fully mapped out the implications. But it’s going to be huge.
- Ethereum’s getting a new product to sell… it’s called Blobspace
- The cost of transacting on L2s is about to drop toward zero…
- The economics of ETH gas and the burn are about to change forever…
Blobspace, EIP4844, proto-danksharding…that’s what the geeks call this new ETH feature upgrade.
This is everything you need to know about Blobspace with Ethereum Researcher Domothy in this absolute banger of an episode.
------
🎁 Check your wallet with our brand new tool: Claimables
https://bankless.cc/GetClaimables
------
📣 AAVE V3 is Here!
http://app.aave.com/
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
https://bankless.cc/MetaMask
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🦄UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku
-----
TIMESTAMPS
0:00 Intro
7:20 Why We’re Doing This Episode
8:45 Blobspace
9:40 History of Blobspace
11:30 Sharding & Dead Ends
14:00 Execution Sharding
16:50 Layers of a Blockchain
21:00 Ethereum Rollups
22:50 Vitalik’s Thought Process
26:10 Ethereum Development Hidden Genius
30:00 Current State of Ethereum
34:00 What is a Blob?
39:25 Blobspace Explained
44:20 Validator’s Perspective
47:00 Data Availability vs. Storage
56:31 User’s Perspective
1:00:30 How a Blob Becomes a Blob
1:04:00 Properties of Full Danksharding
1:05:20 New Math & Tech Behind Blobs?
1:12:00 L2 Blobspace & Scaling Factors
1:15:40 Blobspace Economics
1:20:00 Block vs. Blobspace Balancing
1:23:20 L2s Competing For Blobspace
1:32:10 Ethereum Subsidiaries
1:39:00 What’s Next?
1:41:30 Closing & Disclaimers
-----
RESOURCES
Domothy
https://twitter.com/domothy
Domothy article on Blobspace
https://domothy.com/blobspace/
-----
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
-
33:49
Degenerate Jay
16 hours agoThe Most Underrated Bond Movie? 007 Tomorrow Never Dies - Movie Review
29.4K13 -
8:00
Misha Petrov
23 hours agoWhy The Left Is CANCELLING And BLOCKING Celebrities
48.5K131 -
13:37
ryanhoguepassiveincome
23 hours ago $0.01 earnedAmazon FBA Product Research Tutorial for 2024
37.2K2 -
24:43
Crime Circus
21 hours agoIdaho 4 Mysteries!! Bryan Kohberger Investigation! Moscow Idaho Documentary
40.4K9 -
19:16
MYLUNCHBREAK CHANNEL PAGE
19 hours agoThe Old World is in The Catacombs? - Part 2
41.2K46 -
5:48
Chris Jericho
16 hours agoTalk Is Jericho Highlight: Are You Kidding TV x NBA x MLB
22.7K -
5:02
Tactical Advisor
22 hours agoHUGE UPDATE! ATF Lost Pistol Brace Rule
34.6K11 -
1:02:07
Man in America
22 hours agoThey Know Trump Will Win & They'll UNLEASH CHAOS After Nov. 5 w/ Tom Renz
61.3K183 -
58:11
The Why Files
3 days agoThe Search for Noah's Ark | Giants & Aliens in the Book of Enoch
71K85 -
13:42
Breaking Points
2 days agoMcDonalds Surveillance PRICE FIXING To Gouge Customers
48.7K36