Starknet, a well-known Layer-2 scaling protocol, will increase the advantages of lower rollup costs after the March 13 Ethereum hard fork known as Dencun.
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With the announcement of plans for further fee reductions in line with the Dencun upgrade by the Starknet Foundation, Ethereum’s infrastructure has undergone a substantial evolution since switching to proof-of-stake in October 2022.
The Ethereum Improvement Proposal (EIP-4844), a feature of the Dencun upgrade, has the potential to completely change how Ethereum rollups store data on the mainnet.
It addresses the high costs associated with call data storage by introducing an alternative known as “blob space,” which eliminates the need for all Ethereum nodes to perform on-chain processing continuously.
With data automatically expiring after 18 days, this new method—known as proto-danksharding and named after its proponents—allows for more affordable data storage in blocks without permanent accessibility or processing by the Ethereum Virtual Machine.
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Vice President of Product at Polygon Labs David Silverman has highlighted the method’s substantial cost benefits and upheld security guarantees for rollups.
There might be some initial delays while layer-2 solutions modify their contracts to make use of the new blob space, as Starknet expects immediate fee reductions.
Starknet is getting ready to release version 0.13.1 in accordance with the Dencun hard fork, switching from the expensive call data method to blobs for data transactions, promising significant fee savings, considering call data’s predominant role in Starknet’s gas expenditures.
Product manager for StarkWare and blockchain researcher Ilia Volokh said that Starknet’s SHARP prover, which communicates state differences to Ethereum, will use blob space, which will enable a timely reflection of fee reductions after Dencun launches.
With the statement, “A byte of data will be priced in accordance with Ethereum’s blob prices,” Volokh emphasized the immediate impact on users.
A new hash system that will be released in early 2024 will increase the protocol’s transaction capacity through enhanced proof bundling technology, further increasing Starknet’s efficiency.
This advancement demonstrates Starknet’s dedication to using Ethereum’s developing ecosystem to provide scalable, reasonably priced solutions.
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