Blobs go live on Gnosis Chain ahead of Ethereum’s Dencun upgrade
Gnosis Chain developers activated blob transactions to scale dapps on the network. Blob transactions, part of EIP-4844, will be implemented on Ethereum with the Dencun upgrade tomorrow.
Content-based platform Blob.Fm was the first Gnosis Chain dapp to leverage blobs on the network, demonstrating their use case.
Gnosis Chain , formerly known as xDai Chain, operates as a sidechain alongside Ethereum and is overseen by GnosisDAO. It has a total value locked of over $320 million, hosting dapps like Balancer, Spark, Aave, Aura and others.
“Dencun is activated. Now you can use blobs to scale Gnosis or post funny pictures using blob.fm,” said Stefan George, co-founder of Gnosis Chain.
These blob transactions, also called EIP-4844 (or protodanksharding), are planned to go live on the Ethereum mainnet with the Dencun upgrade activated at epoch 269568, tomorrow at 13:55 UTC.
Blobs will be an additive feature on the network, increasing data availability without impacting the existing Ethereum infrastructure, resulting in cheaper transactions across Layer 2 rollups. The end result is that the upgrade would help make decentralized applications more cost-efficient and accessible for users on Layer 2s.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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