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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?

#21

Post by fwip »

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"

I dunno, seems like a plausible trans person name, since we get to pick our own. Also, their twitter profile currently indicates that they use they/them pronouns, not she/her.

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

#22

Post by hanniabu »

dboreham wrote: post #15
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..

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

Rollups use either optimistic proofs or zero knowledge proofs for settlement

> 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?".

It's about data availability

> there's (supposedly) a way for you to slowly get your funds back by exiting on L1

They're called escape hatches, you can view the state of each L2 on L2Beat: https://l2beat.com/scaling/summary

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

#23

Post by hanniabu »

jncfhnb wrote: post #20
hanniabu wrote: post #12

Earlier quoted context omitted.

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

It’s backed by decentralized voting consensus

Correct, which is why they should explain their claim of how and what is more centralized

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

#24

Post by shrimp_emoji »

mxwsn wrote: post #14
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 fun…

[flagged]

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

#25

Post by somedude895 »

Hendrikto wrote: post #18
somedude895 wrote: post #8

Earlier quoted context omitted.

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.

I found it here: https://de.m.wikipedia.org/wiki/Tankred_(Vorname)

Apparently the name Tanqueray, like the gin brand, is related.

Names are fun!

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

#28

Post by everfree »

angry_albatross wrote: post #26
hanniabu wrote: post #7

Pleasantly surprised to find this here, especially without all the "tokens are a scam" comments

[flagged]

This article isn't about tokens.

If you believe blobs are "nonsense" that should be called out, I think that's an interesting discussion space to enter.

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

#29

Post by wesselbindt »

hanniabu wrote: post #7

Pleasantly surprised to find this here, especially without all the "tokens are a scam" comments

I'm with you, they feel a bit redundant and uninteresting at this point. Like we get it, a spade's a spade, no reason to go on about it. Imagine people commented "postgres is a database" on every postgres related post.
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