The Real Reason Your ETH Gas Just Collapsed
Before Dencun, Layer 2 scaling was a half-truth. While faster, L2 transaction fees still hovered near a dollar because they were forced to store security data permanently on the expensive $ETH Layer 1 ledger using 'Calldata.' This was like paying for a permanent VIP parking spot for a temporary delivery. EIP-4844 changed everything by introducing 'Blobs.' Blobs are temporary, dedicated data containers—sidecars on the $ETH highway—that exist just long enough to verify the transaction before being discarded. This innovation decoupled L2 security data from the main chain’s permanent storage costs. The result? We are now seeing true, sub-penny scaling. This is not just a fee reduction; it is the fundamental economic shift required for $ETH to onboard the next billion users.
Not financial advice.
#Ethereum #EIP4844 #L2 #Scaling #Crypto
📈
