188 - The Next Ethereum Upgrade: Blobspace 101 with Domothy

Dom, aka Domothy, is a researcher at the Ethereum Foundation who is working on the research and development of some key Ethereum protocol upgrades like EIP4844, danksharding, and MEV Burn. We last had Dom on Bankless about that last one, MEV Burn, and this time we’re bringing him around to fully understand an incoming new property of Ethereum that EIP4844 is going to introduce… a new resource market… called BLOBspace…  kind of like Blockspace… but for Blobs! What are blobs? What is Blobspace? How is it different from blockspace and blockspace markets? What will it do for Ethereum and its rollups? These are the questions we explore with Dom today.  ------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-blobspace  You know how we say blockchains sell blocks? Well, soon Ethereum’s going to be selling more than just blocks. It’s going to be selling blobs too.  We’re just a few months out from the biggest Ethereum release since the merge and no one’s fully mapped out the implications. But it’s going to be huge.  - Ethereum’s getting a new product to sell… it’s called Blobspace - The cost of transacting on L2s is about to drop toward zero… - The economics of ETH gas and the burn are about to change forever… Blobspace, EIP4844, proto-danksharding…that’s what the geeks call this new ETH feature upgrade.  This is everything you need to know about Blobspace with Ethereum Researcher Domothy in this absolute banger of an episode.  ------ 🎁 Check your wallet with our brand new tool: Claimables  https://bankless.cc/GetClaimables  ------ 📣 AAVE V3 is Here! http://app.aave.com/  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠ 🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask  ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  ⁠ 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠ 🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap  🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  ----- TIMESTAMPS 0:00 Intro 7:20 Why We’re Doing This Episode 8:45 Blobspace  9:40 History of Blobspace  11:30 Sharding & Dead Ends  14:00 Execution Sharding  16:50 Layers of a Blockchain 21:00 Ethereum Rollups  22:50 Vitalik’s Thought Process  26:10 Ethereum Development Hidden Genius 30:00 Current State of Ethereum  34:00 What is a Blob? 39:25 Blobspace Explained  44:20 Validator’s Perspective  47:00 Data Availability vs. Storage  56:31 User’s Perspective  1:00:30 How a Blob Becomes a Blob 1:04:00 Properties of Full Danksharding  1:05:20 New Math & Tech Behind Blobs?  1:12:00 L2 Blobspace & Scaling Factors  1:15:40 Blobspace Economics  1:20:00 Block vs. Blobspace Balancing  1:23:20 L2s Competing For Blobspace  1:32:10 Ethereum Subsidiaries   1:39:00 What’s Next? 1:41:30 Closing & Disclaimers ----- RESOURCES Domothy  https://twitter.com/domothy   Domothy article on Blobspace https://domothy.com/blobspace/  ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠