"Why, What, and How L2s Can Use Blob Transactions"
Keynote from Mikhail Kirov, researcher at LimeChain
🤔Why:
Ethereum is suffering from its own success - transaction fees are high. The current leading approach to fighting it is Rollups for scalability.
Rollups, however, are facing some issues with high operating costs and in particular costs for publishing their bundled transactions to the L1 for data availability
They want to keep their costs low and at the same time keep their systems secure and decentralized
Many popular rollups pay tens of millions of dollars every year with the total being well over 200 million dollars.
😱What:
Blob transactions, introduced through the concept of Protodunk Sharding or EIP-4844, play a crucial role in the Ethereum scaling roadmap. They are a new type of transaction that carries uninterpreted data payloads, termed as "blob sidecars".
These transactions are crucial for lowering data availability costs for rollups by providing a more efficient way to store large data payloads on the Ethereum network.
This solution leverages KZG commitments and a new precompile for KZG verification, secured by Ethereum's L1 consensus mechanism, to verify the data without processing it within the EVM.
🤓How:
Danksharding separates the current execution gas from the newly introduced Blob gas, effectively giving us new cheaper gas for Blobs, creating a potentially cheaper gas market for uninterpreted data intended for rollup use.
This new structure includes several technical enhancements such as versioned hashes for future compatibility, a new blob hash opcode, and a point precompile for validating the data.
For rollups and their users, this means significantly reduced transaction costs and data availability costs.
Rollups will need to undergo an upgrade to accommodate these changes, but this upgrade is designed to be a one-time requirement due to the common interfaces established for future Ethereum scaling efforts.
Keynote from Mikhail Kirov, researcher at LimeChain
🤔Why:
Ethereum is suffering from its own success - transaction fees are high. The current leading approach to fighting it is Rollups for scalability.
Rollups, however, are facing some issues with high operating costs and in particular costs for publishing their bundled transactions to the L1 for data availability
They want to keep their costs low and at the same time keep their systems secure and decentralized
Many popular rollups pay tens of millions of dollars every year with the total being well over 200 million dollars.
😱What:
Blob transactions, introduced through the concept of Protodunk Sharding or EIP-4844, play a crucial role in the Ethereum scaling roadmap. They are a new type of transaction that carries uninterpreted data payloads, termed as "blob sidecars".
These transactions are crucial for lowering data availability costs for rollups by providing a more efficient way to store large data payloads on the Ethereum network.
This solution leverages KZG commitments and a new precompile for KZG verification, secured by Ethereum's L1 consensus mechanism, to verify the data without processing it within the EVM.
🤓How:
Danksharding separates the current execution gas from the newly introduced Blob gas, effectively giving us new cheaper gas for Blobs, creating a potentially cheaper gas market for uninterpreted data intended for rollup use.
This new structure includes several technical enhancements such as versioned hashes for future compatibility, a new blob hash opcode, and a point precompile for validating the data.
For rollups and their users, this means significantly reduced transaction costs and data availability costs.
Rollups will need to undergo an upgrade to accommodate these changes, but this upgrade is designed to be a one-time requirement due to the common interfaces established for future Ethereum scaling efforts.
Introducing Restaking and Infra Day, in collaboration with LayerZero, at Token 2049.
Discover how restaking is reshaping Ethereum and beyond, enhancing security and rewards. Explore liquid restaking, coordination layers, hyperscale data availability, Layer 2 integrations, and more.
🎙 Top Speakers: Join EigenLayer, Taiko, ZetaChain, LayerZero, Trust Wallet, SatoshiDEX, Partisia Blockchain, and more.
✨Expect: Keynotes, panel discussions, networking opportunities, and a vibrant crowd from leading Web3 companies.
📅April 16th
Register here
Discover how restaking is reshaping Ethereum and beyond, enhancing security and rewards. Explore liquid restaking, coordination layers, hyperscale data availability, Layer 2 integrations, and more.
🎙 Top Speakers: Join EigenLayer, Taiko, ZetaChain, LayerZero, Trust Wallet, SatoshiDEX, Partisia Blockchain, and more.
✨Expect: Keynotes, panel discussions, networking opportunities, and a vibrant crowd from leading Web3 companies.
📅April 16th
Register here
Why account abstraction is the future?
5 main insights from the keynote by Michael Messele, CEO & Co-founder of Etherspot
🧑🏻💻 We need account abstraction to make Web3 more user-friendly. The aim is to make Web3 as usable as ordinary banking
📜 With account abstraction, we can create programmable and modular smart contract-based accounts, adding cool functionality like social logins, streamlined recovery processes, and updating through modules.
💱 There are going to be new cool features for transaction management:
- Batch transactions allow multiple operations to be executed with a single signature.
- Session keys offer granular control over permissions and limits for specific dApps
- And paymasters can subsidise gas fees.
🌍 Real-World applications, baby!!
For example, in event ticketing and betting services, we can create a Web2-like experience.
🔗 In future, we can see an omni-chain experience, where users interact across different blockchains without worrying about specific chain requirements.
5 main insights from the keynote by Michael Messele, CEO & Co-founder of Etherspot
🧑🏻💻 We need account abstraction to make Web3 more user-friendly. The aim is to make Web3 as usable as ordinary banking
📜 With account abstraction, we can create programmable and modular smart contract-based accounts, adding cool functionality like social logins, streamlined recovery processes, and updating through modules.
💱 There are going to be new cool features for transaction management:
- Batch transactions allow multiple operations to be executed with a single signature.
- Session keys offer granular control over permissions and limits for specific dApps
- And paymasters can subsidise gas fees.
🌍 Real-World applications, baby!!
For example, in event ticketing and betting services, we can create a Web2-like experience.
🔗 In future, we can see an omni-chain experience, where users interact across different blockchains without worrying about specific chain requirements.
What's the future of Web3 security?
How projects can protect their and users' money?
What is the secret to successful security?
Learn with new Epic Web3 Podcast, featuring Sipan Vardanyan, co-founder of Hexens and Remedy!
Available on all platforms
📍 Spotify: http://t.ly/W6ipQ
📍 Apple: http://t.ly/z_HsL
📍 Youtube: http://t.ly/OckDv
How projects can protect their and users' money?
What is the secret to successful security?
Learn with new Epic Web3 Podcast, featuring Sipan Vardanyan, co-founder of Hexens and Remedy!
Available on all platforms
📍 Spotify: http://t.ly/W6ipQ
📍 Apple: http://t.ly/z_HsL
📍 Youtube: http://t.ly/OckDv
Meet some of the speakers at Restaking & Infra Day during Token2049.
Top experts that are going to help you understand the future of the restaking and it’s role in the Web3 infrastructure:
Saniya More, Research & Writing @ Taiko
Nader Dabit, Director of DevR @ EigenLayer
Denis Fadeev, Head of Developer Experience @ ZetaChain
Anurag Arjun, Co-Founder @ Avail
Jon Kol, Co-Founder @ Hyperlane
📅April 16, Dubai
Tickets are limited. Get yours here!
Top experts that are going to help you understand the future of the restaking and it’s role in the Web3 infrastructure:
Saniya More, Research & Writing @ Taiko
Nader Dabit, Director of DevR @ EigenLayer
Denis Fadeev, Head of Developer Experience @ ZetaChain
Anurag Arjun, Co-Founder @ Avail
Jon Kol, Co-Founder @ Hyperlane
📅April 16, Dubai
Tickets are limited. Get yours here!
Meet the second part of the speaker's lineup at Restaking & Infra Day during Token2049!
Here are the top experts in the field:
Brian Gallagher, Co-Founder @ Partisia Blockchain
Sergej Kunz, Co-founder @ 1inch
Eowyn Chen, CEO @ Trust Wallet
Mo Dong, Co-founder @ Brevis
Mikhil Pandey, Co-founder and CSO @ Persistence One
Keshav Pandya, COO & Co-Founder @ Zeebu
📅April 16, Dubai
Tickets are limited. Get yours here!
Here are the top experts in the field:
Brian Gallagher, Co-Founder @ Partisia Blockchain
Sergej Kunz, Co-founder @ 1inch
Eowyn Chen, CEO @ Trust Wallet
Mo Dong, Co-founder @ Brevis
Mikhil Pandey, Co-founder and CSO @ Persistence One
Keshav Pandya, COO & Co-Founder @ Zeebu
📅April 16, Dubai
Tickets are limited. Get yours here!
Gm folks!
The Restaking & Infra Day is going as planned!
We have a full day packed with quality content and networking.
We also have coworking space and meeting rooms in case you have a private meeting. And enough food to survive all day :)
Be safe from the storm with us!
The Restaking & Infra Day is going as planned!
We have a full day packed with quality content and networking.
We also have coworking space and meeting rooms in case you have a private meeting. And enough food to survive all day :)
Be safe from the storm with us!
lu.ma
Restaking & Infra Day, Dubai · Luma
🚀 Join the greatest side event dedicated to Restaking and Infra to explore the future of decentralized ecosystems.
Connect with leading technologists,…
Connect with leading technologists,…
Tuesday event was a blast!
🚀Despite the storm, we had over 500 guests! We did not even have enough badges for all the people coming. Thank you all for visiting us!
🌞All (almost) speakers made it to the event!
🤽We’ve had a great venue with the pool! Sadly, all of Dubai was a pool that day, so no one swam.
Have a great Token2049 week! See you next in Brussels, on July 9!
🚀Despite the storm, we had over 500 guests! We did not even have enough badges for all the people coming. Thank you all for visiting us!
🌞All (almost) speakers made it to the event!
🤽We’ve had a great venue with the pool! Sadly, all of Dubai was a pool that day, so no one swam.
Have a great Token2049 week! See you next in Brussels, on July 9!
The future of data availability: 4 insights from Anurag Arjun, co-founder of Avail!
🧮The DA is becoming commonised: DA will become a basic and essential feature, so widely available and inexpensive that it won't serve as a competitive advantage.
📊The market is saturated: Many DA solutions are on the market, making DA more accessible and less costly.
💰Cost is not a game changer: Since low-cost DA will be common and not a unique selling point, it’s important to what companies can provide on top of the DA. Simply being a low-cost doesn’t mean you will win.
🏔Data availability projects need to provide more: The real value for companies will come from what additional services they can offer on top of the basic DA layer. For example, Avail Nexus and Fusion have the strategy to enable scalable DA and unify various blockchain rollups into a framework that simplifies user interactions.
Listen to the full podcast here:
Youtube
Spotify
Apple Podcasts
🧮The DA is becoming commonised: DA will become a basic and essential feature, so widely available and inexpensive that it won't serve as a competitive advantage.
📊The market is saturated: Many DA solutions are on the market, making DA more accessible and less costly.
💰Cost is not a game changer: Since low-cost DA will be common and not a unique selling point, it’s important to what companies can provide on top of the DA. Simply being a low-cost doesn’t mean you will win.
🏔Data availability projects need to provide more: The real value for companies will come from what additional services they can offer on top of the basic DA layer. For example, Avail Nexus and Fusion have the strategy to enable scalable DA and unify various blockchain rollups into a framework that simplifies user interactions.
Listen to the full podcast here:
3 major roadblocks to DeFi adoption by institutions - from Andrei Duma, Head of DeFi @ LI.FI
🤓It’s confusing - why do users need three separate accounts for different chains just to buy a token on chain B? Coming from a traditional banking background, institution people expect to manage everything easily through phone or app, not juggle multiple platforms. It's not user-friendly.
😕It’s hard to use - It's a lot of clicks that can mess up things and you can get hacked. You can send the money to the wrong address.
🙀It's scary - there is a lack of clear regulations and it’s easy to mess up something
🤓It’s confusing - why do users need three separate accounts for different chains just to buy a token on chain B? Coming from a traditional banking background, institution people expect to manage everything easily through phone or app, not juggle multiple platforms. It's not user-friendly.
😕It’s hard to use - It's a lot of clicks that can mess up things and you can get hacked. You can send the money to the wrong address.
🙀It's scary - there is a lack of clear regulations and it’s easy to mess up something
We’ve analyzed over 1,000 resources for this…
After three months of work, it’s ready.
300+ resources that every Web3 builder should follow to succeed during the bull.
12 categories including:
- Newsletters
- Podcast
- Twitter accounts
- Youtube channels
And more…
Only useful channels, curated every month by our team.
Check it out here!
After three months of work, it’s ready.
300+ resources that every Web3 builder should follow to succeed during the bull.
12 categories including:
- Newsletters
- Podcast
- Twitter accounts
- Youtube channels
And more…
Only useful channels, curated every month by our team.
Check it out here!
Presenting L2con during EthCC!
✨Join the biggest conference dedicated to Ethereum Layer 2 Scaling solutions.
Developer-focused event with 55+ top speakers, whaaat?!
Web3 developers, founders, researchers, and enthusiasts are welcome!
📅July 9, Brussels
Book spot here:
https://t.ly/oqX0r
✨Join the biggest conference dedicated to Ethereum Layer 2 Scaling solutions.
Developer-focused event with 55+ top speakers, whaaat?!
Web3 developers, founders, researchers, and enthusiasts are welcome!
📅July 9, Brussels
Book spot here:
https://t.ly/oqX0r
lu.ma
L2con, Brussels · Luma
🚀 Navigating Challenges in Ethereum Scaling Odyssey
Join the biggest conference dedicated to Ethereum Layer 2 Scaling solutions. Gain insights into recent…
Join the biggest conference dedicated to Ethereum Layer 2 Scaling solutions. Gain insights into recent…
Grab this free list worth $1000 while you can!
300+ resources that every Web3 builder should follow to succeed during the bull.
12 categories including:
Newsletters
Podcast
Twitter accounts
Youtube channels
Only useful channels, curated every month by our team.
Here’s the link:
https://www.epicweb3.com/web3resources
300+ resources that every Web3 builder should follow to succeed during the bull.
12 categories including:
Newsletters
Podcast
Twitter accounts
Youtube channels
Only useful channels, curated every month by our team.
Here’s the link:
https://www.epicweb3.com/web3resources
Epicweb3
300+ free resources for Web3 builders
Get the ultimate list of resources for Web3 builders: free courses, newsletters, YouTube channels, podcasts, job boards, people to follow on X, and more!
Just published an article about based rollups and how they can change Web3!
A full blown long read 😁
Check it out here:
https://telegra.ph/Based-Rollups-The-Backbone-of-the-Ethereum-Network-Effect-04-25
A full blown long read 😁
Check it out here:
https://telegra.ph/Based-Rollups-The-Backbone-of-the-Ethereum-Network-Effect-04-25
Telegraph
Based Rollups: The Backbone of the Ethereum Network Effect
Ethereum is hard to scale. There is trade-off between three critical aspects of blockchain networks, security, scalability, and decentralization. Security refers to the fact that blockchain networks must have robust defenses in place in order to prevent…
Want to make cool swag so everyone in the events will wear it, post it on Twitter and reminisce about it over the years?
Check out Dehugs - Epic Web3’s new team, solely focused on creating the best merch!
Now accepting orders for the EthCC
Check out Dehugs - Epic Web3’s new team, solely focused on creating the best merch!
Now accepting orders for the EthCC
We made a folder with top Web3 channels: from news to research and the latest big deals.
Share with your friends, so they won't miss the alpha!
https://t.me/addlist/oqBenWeDufw4ZDVi
Share with your friends, so they won't miss the alpha!
https://t.me/addlist/oqBenWeDufw4ZDVi
Telegram
Web3 Alpha
Nikita Balaba invites you to add the folder “Web3 Alpha”, which includes 11 chats.
Meet the person, creating the future of safe Web3 - Dr. Martin Derka!
Martin is a co-founder @ Zircuit, zk rollup with parallelized circuits and AI-enabled security.
Don't miss his keynote at L2con!
📅July 9, Brussels, EthCC
Book spot here:
https://t.ly/oqX0r
Martin is a co-founder @ Zircuit, zk rollup with parallelized circuits and AI-enabled security.
Don't miss his keynote at L2con!
📅July 9, Brussels, EthCC
Book spot here:
https://t.ly/oqX0r