{"id":172303,"date":"2024-09-27T14:26:13","date_gmt":"2024-09-27T14:26:13","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172303"},"modified":"2024-09-27T14:26:18","modified_gmt":"2024-09-27T14:26:18","slug":"vitalik-buterin-warns-ethereum-is-approaching-its-blob-space-limit-major-upgrade-needed","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/vitalik-buterin-warns-ethereum-is-approaching-its-blob-space-limit-major-upgrade-needed\/","title":{"rendered":"Vitalik Buterin Warns Ethereum is Approaching its ‘Blob Space’ Limit \u2013 Major Upgrade Needed"},"content":{"rendered":"
TL;DR<\/p>\n
Ethereum co-founder, Vitalik Buterin<\/strong><\/a>, has expressed concern over the current state of the network\u2019s “blob count<\/strong>,” a component introduced during the Dencun<\/strong> upgrade, aimed at improving Ethereum\u2019s scalability<\/strong> and optimizing the capacity<\/strong> of layer 2 (L2) protocols. In a recent conversation<\/strong> <\/a>following the latest developer meeting, Buterin warned that blob space is currently at 75% capacity<\/strong>, dangerously close to its limit.<\/p>\n The blob space<\/strong> is a solution designed to temporarily store<\/strong> large amounts of data, primarily benefiting layer 2 rollups<\/strong>. Currently, Ethereum allows a target of three blobs per<\/strong> block, with a maximum of six.<\/p>\n However, Vitalik has proposed increasing this number to a target of four blobs per block<\/strong>, with a maximum of eight<\/strong>. This measure would allow L2s to store more data in each Ethereum block, increasing their capacity to post information<\/strong> to the network.<\/p>\n To achieve this expansion, Vitalik has backed the Ethereum Improvement Proposal (EIP) 7623,<\/strong> which seeks to increase the data cost<\/strong> in transactions that use Ethereum primarily for data availability. According to this proposal, the maximum block size would be reduced from the current 2.7 megabytes to approximately 1 megabyte<\/strong>. This change would create more space to increase the gas limit per block<\/strong> or the number of blobs, facilitating the network’s expansion.<\/p>\n <\/p>\n One of the obstacles to implementing this proposal is the resistance of some layer 2 protocols<\/strong> to migrating to the use of blobs due to the potential market congestion<\/strong>. Nonetheless, Buterin insisted that it is crucial to continue with this transition to prevent the progress in Ethereum scalability from stalling.<\/p>\n Buterin believes that layer 2 solutions are key to Ethereum\u2019s scalability but emphasized that these solutions must remain decentralized<\/strong>. Moreover, the proposal to increase the “blob count” has received support<\/strong> from important actors within the Ethereum ecosystem, such as Jesse Pollak, the creator of Base, Coinbase\u2019s<\/strong> <\/a>layer 2.<\/p>\n Pollak agreed with Vitalik, noting that this change could reduce the maximum block size in extreme cases and provide the additional capacity needed for L2s<\/strong>, which are growing at an accelerated pace.<\/p>\n Finally, Ethereum developers are also considering splitting the upcoming Pectra upgrade into two parts<\/strong>, which could speed up its deployment, introducing improvements in scalability and staking limits for validators.<\/p>\n","protected":false},"excerpt":{"rendered":" TL;DR Vitalik Buterin warns that Ethereum’s blob count is nearing its limit, with 75% of capacity used. He proposes increasing the number of blobs per block to improve scalability and support layer 2 solutions. The EIP-7623 Proposal seeks to reduce the maximum block size to allow more space for blobs, facing resistance from some L2 … <\/p>\nVitalik\u2019s Proposal Faces Resistance from Some Protocols<\/h2>\n