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May 18 β€’ 9 tweets β€’ 4 min read Twitter logo Read on Twitter
Balaji asked, "What are you bullish on for 2023?" on the last day of 2022.

Here's what Vitalik replied πŸ‘‡πŸ»

Curious about #EIP4844 and why it's a big deal?
We've heard it a million times:

Visa is lightning fast, but #Ethereum struggles at 11-15 TPS.

Rollups like #arbitrum and #OptimismFND provide relief, but they can be pricey at times.
But why are rollups pricey? What drives the cost?

It all boils down to data storage.

Approximately 90% of transaction costs are allocated to it. 🀯

Here's the scoop...
Optimistic rollups ease Ethereum's burden by processing transactions off-chain and posting data back to L1 as calldata.

If the batch goes unchallenged, the rollup protocol re-executes transactions and updates the rollup's state.

To ensure accuracy...
..., we need "provers" to download and verify the data.

That's why rollups store the data (for 1-3 months) despite the expense.

πŸ’‘Truth is, the data is only needed temporarily and will eventually be deleted.
Introducing Proto-Danksharding's magical blobs!

They carry "blob-carrying transactions" briefly retained by Beacon nodes. Validators do a taste test with "data availability sampling," verifying parts without devouring all.πŸ˜‹

Sending tx data becomes faster & more affordable⚑ Image
So, why is EIP-4844 such a big deal?

"EIP-4844/Proto-Danksharding aims to scale Ethereum to >100,000 TPS, paving the way for cheaper L2 transactions." - @ethereum

Cheaper L2 tx = improved UX β†’ more possibilities for applications like games, social & DeFi with high tx loadsπŸ”₯
@ethereum We may see significant growth in

1. Optimistic L2 leaders

2. Leading dApps powered by L2

3. Pioneers in zk-rollups

4. Crypto adoption πŸ’₯
@ethereum Full Danksharding is a few years away, but EIP-4844 is rapidly approaching!

Although the specific date hasn't been announced, it's expected in Q3~Q4 2023.

Stay updated with the EIP 4844 readiness checklist:

Let's make the most of 2023 by planning ahead!

β€’ β€’ β€’

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More from @polkastarter

Mar 8
ZK-fever is spreading in the #blockchain community!

Let's catch you up on the latest developments in this blooming #ZKrollups ecosystem πŸ”₯

1/ Do you struggle with high gas fees & slow tx times on #Ethereum?

Fear not, because Ethereum CAN and is scaling up!

Instead of doing all tx by itself, Ethereum now has a blossoming #L2 ecosystem of fast & inexpensive off-chain execution environments to ramp up users. πŸ“ˆ Image
2/ Popular L2s, like #ZKrollups, use zero-knowledge proofs (ZKP) to verify tx off-chain, allowing faster processing while keeping data secure.

ZKP uses cryptography to prove a statement w/o revealing extra info, which strengthens security & privacy in blockchain.

Example hereπŸ‘‡πŸ»
Read 8 tweets
Mar 6
Lots happened at #ETHDenver, and one of the biggest highlights was the announcement of ERC-4337.

So, why is this idea resurfacing now, and why should you be keeping an eye on Abstract Account (AA)'s development?

Let's find out πŸ”
In Sep '21, #Ethereum magicians proposed EIP-4337, inc. @VitalikButerin. πŸͺ„

Today, ERC-4337 AA is live on mainnet.

Even better: devs were able to implement most desired functionality through a smart contract, instead of at Ethereum protocol level, accelerating the roadmap πŸš€ Image
@VitalikButerin Why does ERC-4337 matter?

@kristofgazso, co-author of ERC-4337, noted that the biggest bottleneck in the encryption field is the difficulty for the public to use Ethereum apps.

Promoting ERC-4337 is expected to bring about changes in advance!

Read 6 tweets
Jan 12
Not long ago, the only approach to building #blockchains was a monolithic design where a single blockchain did EVERYTHING:

block creation, consensus, data storage, and smart contract execution...

This led to a blockchain trilemma.

Enter modular blockchains πŸ”¦ Image
1/ In a monolithic blockchain, a single layer handles all 3 core functions: execution, consensus & data availability.

This approach poses a scalability trilemma.

(Note: Thanks to rollups & sharding, Ethereum 2.0 will be a modular blockchain.) Image
2/ Modular blockchains are set to bring a paradigm shift to blockchain design by breaking down blockchain networks into several pieces.
They outsource one of the core responsibilities above and only specialize in Execution / Consensus / Data Availability. ImageImage
Read 7 tweets
Nov 25, 2022
What happened:

ConsenSys updated its privacy policy, stating that it collects sensitive data of MetaMask users when using Infura as the default RPC provider.

Your privacy matters.

A thread on what you can do πŸ‘€πŸ‘‡πŸ»
Option 1: Keep using MetaMask.
Bypass Infura RPC, and switch to an alternative.

Our council @AlchemyPlatform is a great RPC option. βœ…
@AlchemyPlatform How to add Alchemy RPC endpoints to MetaMask:

1. Create an account on Alchemy: alchemy.com/?a=991c4e82df
2. Login, create an API key on their dashboard

Video instruction (0'26"):
Read 6 tweets
Oct 21, 2022
Attention, everyone!πŸ—£οΈ

We're thrilled to announce #Polkastarter NFT Hackathon powered by @Blokness_io, happening on Nov 11-13 πŸ’₯

If you're passionate about #NFT technology, this is for you! There'll be many prizes!πŸ†

Visit hackathon.polkastarter.com &
Unroll this 🧡for more info: Image
@Blokness_io We’re excited to be co-hosting this #hackathon with @Blokness_io πŸ™Œ

They are experts on NFT data API building 🧠 and aim to empower any developers to #BUIDL products that rely on NFT #data.

Through this event, we'll showcase what our #blockchain technology is truly capable ofπŸͺ„
@Blokness_io πŸ“…Duration: Nov 11-13

You'll have a whole weekend to build on top of Blokness' tools! From creating an NFT tax software to building an NFT loyalty program, the sky’s the limit🌈

The hackathon takes place at #Polkastarter new office in #Lisbon – and you can also join remotely 🌎
Read 6 tweets
Jun 16, 2022
The MCap of top 8 gaming companies was worth ~$200 billion in May 2022.
6 of them are establishing their #web3 teams. The opportunities are real. And we're very early.

So, in the coming days, how should you evaluate a #gamefi project?

Learn this concept: GameFi Trilemma πŸ§΅πŸ‘‡ Image
The #GameFi trilemma is composed of ● playability
● profitability
● accessibility.

The problem arises when games only can optimize two components at any given time. Image

Web 2.0 games give up profitability for players.

Most Web 3.0 games have given up accessibility by charging a hefty price for NFTs.

And for each component in the trilemma, there are existing problems and we'd like to highlight some potential solutions. πŸ’‘
Read 21 tweets

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