According to BLOCKBEATS, after Bitcoin launched “Bitcoin Stamps 2.0” OLGA, Ethscriptions also launched “Ethscriptions 2.0” Blobscriptions. Ethscriptions co-founder @dumbnamenumbers announced the official launch of Blobscriptions in a tweet. Blobscriptions leverage "Blobs" introduced in EIP-4844 to reduce burning costs, allowing anyone to store data on Ethereum 10 to 100 times cheaper than calldata. However, Ethereum itself does not guarantee the availability of blob data for more than 18 days. @dumbnamenumbers stated that Ethereum Inscription's indexer stores this data indefinitely. Visit https://blobscriptions.io/ to burn blobscriptions.
By casting inscriptions through Facet, the gas fee is only about 1/10 of the main network. Here I would like to mention a new project of Facetswap. This project is an inscription trading platform founded by Ethscription founder Middlemarch. It was launched on November 30 last year. On the day it was launched, the amount of ETH burned exceeded Uniswap, and it once ranked first in the entire network. First. The first thing many people consider when trying to inscribe is the cost issue, and the bulk of Ethereum's transaction costs are gas fees, and when the network is congested, it is very likely that it will be "unaffordable". But Facetswap can significantly reduce gas fees. The gas fee it spends on the Ethereum main network is only one-tenth of the original, and all transaction data is on the Ethereum main network, rather than based on L2 implementation.
From a long-term development perspective, Facetswap does not seem to want to focus only on the inscription market. You can imagine whether an Ethereum Swap platform with lower transaction fees will benefit more assets in the ecosystem. #ETHS符文
ETHS Ethereum Inscription was created on Ethscriptions on June 18, 2023. At that time, the only inscription recognized by the market was ORDI. ETHS Ethereum Inscription was the pioneer of EVM inscription. Since its development, ETHS Ethereum Inscription is also the first inscription to have SWAP. ETHS Ethereum inscriptions can be smoothly converted between original inscriptions and inscription tokens through FACET-VM (Expansion Network), and more of its transactions are distributed on FACET-VM (Expansion Network). Therefore, when referring to parameters such as ETHS Ethereum inscription transaction volume and total number of holders, it is necessary to refer to the sum of Ethscriptions and FACET-VM (Expansion Network). This is also the biggest difference between ETHS Ethereum inscriptions and other inscriptions. #ETHS符文
What is ETHS Facet? The Ethscriptions (ETHS) protocol is the Ethereum network inscription standard. The emergence of the Facet protocol has greatly improved the Ethereum inscription transaction method and reduced the costs of ETHS deployment, minting and transactions. By efficiently utilizing Calldata, the combination of Ethscriptions and Facet-VM distributed computing provides a more efficient and lower-cost alternative while maintaining compatibility with the Ethereum mainnet. #BTC #eths
Some people say that if $eths goes to Gate, the data will be destroyed, so let me tell you, Gate doesn’t have the guts at all, and there is no need to bother others. $eths has its own Swap pool. The $4 million pool in the pool has a price. Once Gate crashes, someone will definitely move it. Gate can't ban withdrawals. In addition, Gate launched $eths in a hurry this time. It didn’t even have a good connection with the technology. It could only rush one by one. It does not support the split eths, so the eths community will definitely not buy it. Transactions only need to be done on Swap. Why do you need to recharge to your Gate? You must know that Swap now accounts for 95% of eths transactions, and the NFT market only accounts for 5%. Therefore, there should not be many people who hold eths users and recharge to Gate. The only benefit of Gate is to attract existing users of its own exchange to buy eths.
ETHS has the ability to achieve L2 low gas, mainly through Ethscriptions Virtual Machine (ESC-VM) and Dumb Contracts, and directly serves as an expansion optimization solution for the Ethereum main network. Unlike L2's Rollup, which relies on off-chain calculations and on-chain verification, ETHS utilizes calldata note fields and more economical Dumb Contracts on Ethereum to significantly reduce gas fees, thereby reducing transaction fees while maintaining a high degree of efficiency. Decentralization#BTC #ETHS符文
Eths went to another exchange today, and it immediately hit 20. What I entered yesterday has almost doubled. Those on the sidelines are waiting. #BTC #ETH/USDT
Ethscriptions open source new indexer Ethscriptions Indexer
According to Foresight News, the Ethereum inscription protocol Ethscriptions has open sourced a new indexer, the Ethscriptions Indexer, allowing anyone to reproduce the state of the entire Ethscriptions ecosystem using only Ethereum nodes. The new indexer implements the protocol specification at ethscriptions.com, and new features include faster speeds, real-time inscription numbers, state proofs, immediate access to historical states, and more.