Ethscriptions are an alternative to smart contracts—which are prohibitively expensive for most users—and to L2s, which today are centralized.Ethscriptions is a protocol that allows users to share information and perform computations on Ethereum L1 at a drastically lower cost.Ethscriptions achieves this by bypassing smart contract storage and execution and instead calculating state by applying deterministic protocol rules to "dumb" Ethereum calldata.The goal of Ethscriptions is to give ordinary users the ability to perform decentralized computations for a reasonable price. Ethscriptions primarily function as cheaper NFTs. Ethscriptions are cheaper because they store data on-chain using Ethereum transaction calldata, not smart contracts.

Ethscriptions

Ethscriptions is a protocol that allows users to share information and perform computations on Ethereum L1 at a drastically lower cost.

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%name%: Latest News, Social Media Updates and Insights

FDUSD started to contract its supply, potentially sending a bearish signal. The stablecoin by First Digital has an outsized influence on Binance markets.

CryptoPolitan

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Ethereum’s blobs transaction fees witnessed an unprecedented surge yesterday with the debut of “BlobScriptions.” Blobs represent a novel transaction type that alleviates layer-2 fees on the Ethereum network and was introduced through the Dencun upgrade. Since its inception, the minimum gas price for a Blob to secure inclusion in an Ethereum block has stood at […]
The post Ethereum L2s face bottlenecks as ‘BlobScriptions’ drive fees up by over 10,000% appeared first on CryptoSlate.

CryptoSlate

Ethereum L2s face bottlenecks as ‘BlobScriptions’ drive fees up by over 10,000%

The Dencun upgrade implemented on March 13 paved the way for increased blob activity.

CryptoPotato

Ethereum ‘Blobs’ Unleash Activity Reminiscent of Bitcoin Ordinals’ Early Days

EthscriptionsETHS

Latest Ethscriptions News and Social Media Feed

First Digital USD (FDUSD) retired $390M in a week

Ethereum L2s face bottlenecks as ‘BlobScriptions’ drive fees up by over 10,000%

Ethereum ‘Blobs’ Unleash Activity Reminiscent of Bitcoin Ordinals’ Early Days