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Ethereum has blobs. Where do we go from here?

vitalik.eth.limo

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Re: Ethereum has blobs. Where do we go from here?

#11

Post by hanniabu »

> Today, we have all the tools we'll need, and indeed most of the tools we'll ever have, to build applications that are simultaneously cypherpunk and user-friendly.

Really looking forward to the next couple years. Everyone has been writing this off as "no killer apps after 10 years" but there's a lot that's been happening to support adoption, from scaling to improved UX. In the next couple years those should percolate to production apps.

The primary improvements have been rollups, blobs, account abstraction, and chain abstraction.

An example of a new onboarding process being developed by coinbase can be seen here: https://twitter.com/WilsonCusack/status/1764355750149710190

Re: Ethereum has blobs. Where do we go from here?

#12

Post by hanniabu »

mypastself wrote: post #10
orthecreedence wrote: post #6

I'm so out of the loop these days...I've written off blockchain junk almost entirely. Can someone break down what blobs are? Is this some kind of temporary place for transactions to go so they aren't charged fees individually? EDIT: NVM, I RTFMed https://ethereum.org/en/layer-2/ . I wonder what the trade-offs of layer 2 protocols are. Less secure?

A lot more centralized, in my view.

If you're going to leave a controversial comment like that then you should back it up

Re: Ethereum has blobs. Where do we go from here?

#14

Post by mxwsn »

orthecreedence wrote: post #6

I'm so out of the loop these days...I've written off blockchain junk almost entirely. Can someone break down what blobs are? Is this some kind of temporary place for transactions to go so they aren't charged fees individually? EDIT: NVM, I RTFMed https://ethereum.org/en/layer-2/ . I wonder what the trade-offs of layer 2 protocols are. Less secure?

Blobs are a temporary form of data storage that are only required to be held by Ethereum nodes for 18 days. Archival nodes are free to store it forever if they wish, with a 1/N trust mechanism to verify an archived blob. Blobs contrast with permanent data storage in calldata, which is very expensive (due to its permanence).

Layer 2's are currently significantly more centralized than Ethereum L1, but this is not a fundamental technological limitation, and can be improved significantly with more resources and time. L2s right now have fragmentation concerns, where users have poor experiences interacting with a ecosystem of 10+ L2s, but this is largely a UX concern that can be solved in my view, and shared sequencers can help this on a technical level. I wouldn't say Layer 2's have many intrinsic fundamental technological trade-offs.

Re: Ethereum has blobs. Where do we go from here?

#15

Post by dboreham »

orthecreedence wrote: post #6

I'm so out of the loop these days...I've written off blockchain junk almost entirely. Can someone break down what blobs are? Is this some kind of temporary place for transactions to go so they aren't charged fees individually? EDIT: NVM, I RTFMed https://ethereum.org/en/layer-2/ . I wonder what the trade-offs of layer 2 protocols are. Less secure?

Faster, cheaper, possibly ceases to exist. If that happens there's (supposedly) a way for you to slowly get your funds back by exiting on L1. The blob stuff is about "ok if that's a thing how do I prove to some L1 contract that I own these L2 funds?".

The actual proving mechanism is either a) too amazing for me to understand or b) not quite figured out yet. But first blobs..

Re: Ethereum has blobs. Where do we go from here?

#16

Post by losvedir »

somedude895 wrote: post #8
k__ wrote: post #5

Earlier quoted context omitted.

Dank, rad and feist? What a name!

There's a security researcher who calls herself Isis Agora Lovecruft and I'm pretty sure it's not her real name. I thought it might be the same with this guy, but Dankrad seems to be an actual German name meaning something like "thanks for the advice"

And of course there's security researcher, Signal crypto designer, and former HN commenter, Moxie Marlinspike!

Re: Ethereum has blobs. Where do we go from here?

#17

Post by killthebuddha »

I think it would be useful if the full domain (vitalik.eth.limo) was displayed.

Not sure if that's possible or if it violates any HN policies about how links are displayed, apologies if it's a silly/useless suggestion.

Edit: Not sure how popularis eth.limo w.r.t. to HN submissions, but the full domain should probably be displayed for any eth.limo submission.

Re: Ethereum has blobs. Where do we go from here?

#18

Post by Hendrikto »

somedude895 wrote: post #8
k__ wrote: post #5

Earlier quoted context omitted.

Dank, rad and feist? What a name!

There's a security researcher who calls herself Isis Agora Lovecruft and I'm pretty sure it's not her real name. I thought it might be the same with this guy, but Dankrad seems to be an actual German name meaning something like "thanks for the advice"

As a German, I have never heard that name, but your translation is about correct.

"Rat" as in "advice" is spelled with a T, but the name might be older than that spelling.

Re: Ethereum has blobs. Where do we go from here?

#19

Post by jncfhnb »

hanniabu wrote: post #11

> Today, we have all the tools we'll need, and indeed most of the tools we'll ever have, to build applications that are simultaneously cypherpunk and user-friendly. Really looking forward to the next couple years. Everyone has been writing this off as "no killer apps after 10 years" but there's a lot that's been happening to support adoption, from scaling to improved UX. In the next couple years those should percolat…

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