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?
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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.