Threat to TON: EIP-4844
At the end of the year, many crypto-related companies voice trends for the next year. All reputable forecasts (bitwise, a16z, etc.) for next year include EIP-4844.
The Ethereum EIP-4844 update will affect transaction fees in L2 networks, as well as the GameFi segment, I’ll try to briefly explain what’s what:
1️⃣Ethereum Goal
Ethereum aims to scale by implementing sharding, breaking down the blockchain into smaller parts to process more transactions. Yet, this introduces challenges, like executing code across shards.
2️⃣Sharding?
Sharding involves splitting a database or system across multiple resources. In Ethereum, it means dividing the network to boost efficiency and throughput.
3️⃣Enter EIP-4844: A Solution Unveiled
EIP-4844, aka proto-danksharding, proposes a groundbreaking fix. It introduces a new transaction type that accepts "blobs" of data - sizeable chunks stored on Ethereum for a limited period.
4️⃣The Power of 'Blobs'
'Blobs' are a game-changer. They allow dApps to bundle transactions and submit them as a single blob, slashing the number of transactions and reducing fees.
5️⃣Reduced Fees: A Win-Win + Throughput
With blob-carrying transactions, fees become significantly lower, making dApps more accessible for users. This is a gift for L2 and GameFi, they can “packed” txes into blobs and thus become super cheap. By batching transactions, Ethereum processes more per second, boosting throughput.
6️⃣Layer 2 Transformation
Currently, Layer 2 transactions cost $0.02 - $0.35. But EIP-4844 could bring costs down to mere fractions of a cent, revolutionizing Layer 2 applications.
7️⃣TON Positioning
I think you already understand what I’m getting at, the competitive advantages of TON are low commissions and the ability to process millions of transactions per second (TPS), and judging by the investment news, the main focus in Dapp is Gamefi.
8️⃣TON’s move
Thus, EIP-4844 can hit TON hard, it will have no advantages over the current market leader Ethereum and L2 solutions around it.
I hope that the creators on TON will find new solutions, since simply copying solutions/Dapps from other networks may simply not be enough after EIP-4844.
At the end of the year, many crypto-related companies voice trends for the next year. All reputable forecasts (bitwise, a16z, etc.) for next year include EIP-4844.
The Ethereum EIP-4844 update will affect transaction fees in L2 networks, as well as the GameFi segment, I’ll try to briefly explain what’s what:
1️⃣Ethereum Goal
Ethereum aims to scale by implementing sharding, breaking down the blockchain into smaller parts to process more transactions. Yet, this introduces challenges, like executing code across shards.
2️⃣Sharding?
Sharding involves splitting a database or system across multiple resources. In Ethereum, it means dividing the network to boost efficiency and throughput.
3️⃣Enter EIP-4844: A Solution Unveiled
EIP-4844, aka proto-danksharding, proposes a groundbreaking fix. It introduces a new transaction type that accepts "blobs" of data - sizeable chunks stored on Ethereum for a limited period.
4️⃣The Power of 'Blobs'
'Blobs' are a game-changer. They allow dApps to bundle transactions and submit them as a single blob, slashing the number of transactions and reducing fees.
5️⃣Reduced Fees: A Win-Win + Throughput
With blob-carrying transactions, fees become significantly lower, making dApps more accessible for users. This is a gift for L2 and GameFi, they can “packed” txes into blobs and thus become super cheap. By batching transactions, Ethereum processes more per second, boosting throughput.
6️⃣Layer 2 Transformation
Currently, Layer 2 transactions cost $0.02 - $0.35. But EIP-4844 could bring costs down to mere fractions of a cent, revolutionizing Layer 2 applications.
7️⃣TON Positioning
I think you already understand what I’m getting at, the competitive advantages of TON are low commissions and the ability to process millions of transactions per second (TPS), and judging by the investment news, the main focus in Dapp is Gamefi.
8️⃣TON’s move
Thus, EIP-4844 can hit TON hard, it will have no advantages over the current market leader Ethereum and L2 solutions around it.
I hope that the creators on TON will find new solutions, since simply copying solutions/Dapps from other networks may simply not be enough after EIP-4844.