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Re:Ethereum has blobs. Where do we go from here? by zachmu on Friday March 29, 2024 @11:35AM (#39865331)
The article boasts of ethereum L2 being able to support 500 TPS thanks to blobs.

That's at least two decimal orders of magnitude away from being a global payment solution. It's a joke.

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.