Re:Ethereum has blobs. Where do we go from here?
by chrispeel on Friday March 29, 2024 @01:45PM
(#39866906)
Where did you get that number?
Vitalik gave goals of 1.33 MB per second in blob space, and a compressed tx size of 25 bytes. This gives around 50,000 transactions per second, which seems like a worthy goal.
Re:Ethereum has blobs. Where do we go from here?
by zachmu on Friday March 29, 2024 @01:58PM
(#39867055)
I would have sworn I read it in the linked article, but it's sure not there when I read it again. And it's not in the oldest archive.org copy either. I can only conclude I hallucinated it, which makes me uncomfortable.
Re:Ethereum has blobs. Where do we go from here?
by chrispeel on Saturday March 30, 2024 @01:53PM
(#39877006)
Thanks for responding
Re:Ethereum has blobs. Where do we go from here?
by Terretta on Saturday March 30, 2024 @06:03PM
(#39879118)
I'm curious what you think the latencies of 50,000 distributed transactions becoming a consistent chain add up to?
Re:Ethereum has blobs. Where do we go from here?
by TimJRobinson on Saturday March 30, 2024 @11:56PM
(#39881264)
The reason L2s can scale that high is every machine doesn't have to process every transaction.
Each L2 is its own chain that uses its own sequencer/s. The blocks from this chain are then compressed into a single blob of data with a ZK proof that the transactions are valid. The validators on L1 only need to verify that ZK proof matches the hash of the submitted data, which can be done in a few ms even if the L2 did 1M+ transactions.
That's at least two decimal orders of magnitude away from being a global payment solution. It's a joke.