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Ethereum Blobs - Calls for upgrades vs FUD

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I'm seeing a lot of confusion and misunderstandings on other platforms regarding blobs so I thought I would cross-post this here.

Previous FUD = There wouldn't be enough demand for Ethereum DA (blobs)
The Truth = There is more than enough demand and it's growing

New FUD = Ethereum won't be able to cope with demand and will either lose out to alt DA or (much) worse alt L1s.
The Truth = Both the devs and the community are aware of the demand and have; Short/Mid/Longer-term solutions. Calls to action are not FUD but many are unaware that there are solutions and this is where the FUD is coming from. Layer 2s can also make trade offs and use ALT DA whilst still paying Ethereum Layer 1 for proofs this is still far better than users going to alt L1.

Before I get into solutions let's cover the basics of Blob vs Block Storage:
Blocks = Persistent = ~90KB on average
Blobs = Temporary = 128KB Max
Blob Market (current) = Target 3 / max 6 (per block)

- Short-Term Solution (Mid/Late March):
Pectra: Blob Market = Target 6 / max 9

- Longer-Term Solutions:
PeerDAS - using data availability sampling for blobs will dramatically increase supply to the blob market. Other solutions are being discussed with even longer time frames but these will evolve over time.

- Mid-Term Solutions:
Between Pectra and PeerDAS blobs and the blob market can be upgraded with a soft fork and/or a hard fork that only focuses on blobs requiring less testing and overhead (quicker to implement). These mid-term solutions will likely depend on the community pushing for them. Alternative DA options can still be Ethereum-aligned and will be part of the overall mix of solutions different use cases will likely require different solutions and implementations.

The Oversimplified Debate:
L2s don't pay enough vs L2s need to grow to compete

More thoughts from Intern:
This debate is often framed as 2 opposing ideologies but perhaps it is also 2 different time horizons. While it is true that Layer 2s are currently paying less than they have done historically whilst serving more users it is also true that the market has changed and expects cheaper transaction fees which are available outside the Ethereum ecosystem. Right now the Blob market is highly reactive but once the Blob market grows changes in demand will lead to a more proportionate change in costs and may ultimately result in more being paid to the Layer 1 over the long term. Put simply if fees paid to the L1 per transaction have been reduced by 1000X then if L2s can grow their transaction count by over 1000X then they will pay more overall but growth takes time, investment, and builders.

submitted by /u/growthepie_eth
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