⚡️ LATEST: Ethereum devs set to add dynamic blob fees to upcoming Pectra fork to improve L2 scaling
EIP-7742 will create a mechanism for the #Ethereum consensus layer to “dynamically” set the blob gas target and max values, Galaxy Digital’s vice president of research, Christine Kim, posted to X on Oct. 17.
Blobs are large, but temporary, chunks of data embedded in Ethereum transactions that aim to make Ethereum layer 2 transactions cheaper.
Kim said EIP-7742 should increase the currently fixed blob count — which Ethereum co-founder Vitalik Buterin stressed late last month was nearing full-capacity and could soon stall scalability.
