LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
X (Twitter) Telegram
LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
Ethereum News September 11, 2023

Linea person in charge: Ethereum EIP-4844 is expected to reduce Rollup costs by more than 90%

Nicolas Liochon, head of zkEVM Linea at Consensys, said in an interview during Korea Blockchain Week that proto-danksharding, also known as Ethereum Improvement Proposal EIP-4844, has the potential to cut rollup costs by more than 90%.

Liochon explained that the transaction cost on Linea is only equivalent to 1/15 of the cost on Ethereum L1, but the rollup cost is still higher. EIP-4844 introduces data blocks that can be sent and appended to Ethereum blocks, where the data stored is inaccessible to the Ethereum Virtual Machine (EVM) and set to be deleted after a specified period of time.

This innovation is expected to significantly reduce transaction costs and solve the core problem of data availability, which accounts for 95% of Rollup costs.

Liochon emphasized that Linea’s Prover is responsible for off-chain calculation, verification, bundling, and generation of cryptographic proofs of combined transactions, which account for only 20% of the total cost.

In addition, Linea hopes to be a versatile zkRollup for various DApps and solutions in the Ethereum ecosystem to meet the needs of DeFi, gaming, and social applications.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleData: DeFi TVL fell 5% to US$72 billion in August, and NFT transaction volume and sales generally fell
Next Article Report: BTC and ETH derivatives open interest on major exchanges down approximately 38% from this year’s highs

Related News

September 27, 2023

Binance Liquidity Staking Ethereum TVL Hits $1.2 Billion

September 26, 2023

Ethereum generates over $10 billion in revenue in 7 years

September 25, 2023

Ethereum is the most popular cryptocurrency

September 25, 2023

The current market value of interest-bearing stablecoins on the Ethereum chain accounts for 1.5% of the total market value of stablecoins.

September 23, 2023

Ethereum network fees drop to lowest level in 9 months

September 17, 2023

Data: Over US$1 billion worth of ETH has flowed into liquid pledged derivatives platforms in the past 20 days

September 17, 2023

Data: On the first anniversary of the merger of Ethereum, the supply of ETH has decreased by nearly 300,000 pieces, and the amount of ETH destroyed has exceeded 980,000 pieces.

September 16, 2023

Data: Over US$1 billion worth of ETH has flowed into liquid pledged derivatives platforms in the past 20 days

The Latest
Market News September 27, 2023
U.S. SEC Chairman: Failure to comply with securities laws is widespread in the encryption industry
NFT News September 27, 2023
NFT project Pudgy Penguins’ 24-hour trading volume exceeded 1,000 ETH
Business News September 27, 2023
Binance gets court approval for extension to respond to U.S. SEC lawsuit
Ethereum News September 27, 2023
Binance Liquidity Staking Ethereum TVL Hits $1.2 Billion
Altcoin News September 27, 2023
Fed says stablecoins could be a source of financial instability
Market News September 26, 2023
CoinShares: European investors more bullish on cryptocurrencies than US investors
Bitcoin News September 26, 2023
Bernstein: Spot Bitcoin ETF may be approved in early 2024
Altcoin News September 26, 2023
Without changes, GHO stablecoin cannot maintain peg
Bitcoin News September 26, 2023
Bitwise refutes SEC’s reasons for rejecting Bitcoin spot ETF
Ethereum News September 26, 2023
Ethereum generates over $10 billion in revenue in 7 years
Crypto Assets
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
Market Dynamics
  • Business
  • Markets
  • Policy
  • Press Release
Support
  • Contact Us
  • Advertise
About
  • About Us
  • Privacy Policy
  • Terms of Service

The daily digest for crucial crypto news updates.

X (Twitter) Telegram
Disclaimer:

LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.

© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.