Ethereum Upgrade: Cheaper Gas Fees and Scaling Progress

🚀 Cheaper Fees Incoming!

By zkSync
Mar 25, 2024, 5:38 PM
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ZKSync, an Ethereum Layer 2 scaling solution, has successfully implemented the Dencun upgrade, which supports EIP-4844 (proto-danksharding) and utilizes blob-carrying transactions to reduce gas fees.​ OpenZeppelin audited the upgrade for security.​ While the full impact on transaction fees across Layer 2 solutions may take time to stabilize, ZKSync is starting with one blob per batch to ensure a smooth transition.​ This upgrade marks a significant milestone in scaling Ethereum and bringing it closer to mainstream adoption, with further work ongoing on validiums, data availability layers, optimized zero-knowledge proofs, and future protocol upgrades.​

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Happy Dencun upgrade to all Ethereum users🎉 Congratulations to @zksync for achieving cheaper gas fees. OpenZeppelin audited the @zksync upgrade to support proto-danksharding and the utilization of blob-carrying transactions defined in EIP-4844. Check the report 👇🏻

Michael Lewellen
Michael Lewellen
@LewellenMichael

The first L2 blobs to go live secured by @OpenZeppelin 🫡 blog.openzeppelin.com/eip-4844-suppo…

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Replying to @zksync

It’ll take some time for the larger Ethereum ecosystem to see the full effects of EIP-4844 on L2 transaction fees. The fee markets will mature as other L2s post blob data. @zksync is starting with 1 blob per L2 batch to give ourselves the ability to switch back to calldata and

L2BEAT 💗
L2BEAT 💗
@l2beat

Aaaand the first L2 to use blobs is @zksync! 👏 More projects to follow in the coming days - remember to check our new DA tab for updates!

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