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EIP-4844 is the first iteration of the sharding design of Ethereum.

Sharding is a way for Ethereum to have more data go through the network.

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Famously Ethereum already mentioned sharding as one of the scalability updates in 2016. Eventually, with time, they have shifted from full-execution sharding to only data sharding in what Vitalik describes as increased pragmatism, considering how complex would be to bring full sharding into production.

In fact, the issue of data availability on the Ethereum network is one of the primary scaling bottlenecks.

Data availability can be defined as proof that the underlying data behind a particular hash has actually been published to this public board where if people want they can get it and verify it.

EIP-4844 is trying to add data availability capacity on Ethereum without breaking composability and the execution layer on L1.

Why EIP-4844: to create a cheap place for L2 solutions to post data on Ethereum and reduce overall transaction fees users pay on L2 by a lot.

Problem: L2s produce an increasing amount of data. If theres a way to post that in a cheap way, it will immediately reduce how much the networks charge users to transact.

Solution: new transaction format for blob-carrying transactions. It contains a large amount of data that cannot be accessed by EVM execution, but whose commitment can be accessed. Instead of embedding the full contents in the body, the contents of the blobs are propagated separately, as a sidecar.

This is probably one of the most interesting EIP for users, as they will directly benefit as they will be paying fewer fees on their favorite L2.

This is the simpler implementation of sharding on Ethereum and another step forward in the Ethereum rollup-centric roadmap.

EIP4844 introduces:

Instead of containing transactions being executed in the Ethereum blocks, shard blocks would just contain blobs of data and would be the responsibility of L2 to use that data space in order to create a secure and more scalable experience for their users.

An opaque, raw, byte string attached to a transaction, that makes its way to the Ethereum system. The attached content has this additional lifetime:

The blob transactions pay the fee and include a commitment to sufficiently prove that some data exists but the data itself is separated.

The fee payment and references are processed by Ethereum, while the commitment and the blobs are stored elsewhere until pruned: there is no direct blob content in Ethereum EVM, they persist in beacon nodes, not in the execution layer.

This design choice has been strategic to make sure that future sharding work will only require changes to the beacon node, enabling the execution layer to work on other initiatives in parallel.

These are the beacon-node changes involved in this EIP:

Separate fees for transaction computation and storage

L2 will use a different function to submit blobs to Ethereum.

Instead of using CALLDATA, which stores data forever, they would use blobs, which are pruned after a pre-defined period.

The blobs data does not have to be available forever, but for a certain period (e.g. 13 months), long enough that allow L2s to ensure at least 1 honest actor to reconstruct the state and challenge or replace the bad sequencer. The data gets then pruned.

EIP-4844 provides significant scaling relief for rollups by allowing them to initially scale to 0.25 MB per slot, with a separate fee market for blobs allowing fees to be very low.

Read: transactions will be 10x cheaper.

Putting data into blobs guarantees data availability while being much cheaper. L2s use KZG points in order to verify the validity of blobs.

A KZG point shows that a specific value at that point is equal to a claimed value.

For each value it would provide a KZG proof and use the point evaluation precompile to verify the value against the versioned hash that was submitted before.

They would then need to prove that:

the KZG (which the protocol ensures points to available data) and the ZK rollups own commitment refer to the same data.

I honestly dont know if I did a good job of explaining the complexities behind EIP-4844. It touches on several technical aspects of Ethereum and its pretty hard to condense them all in a comprehensive introduction of EIP-4844 without constantly having to introduce and explain new concepts.

What is important about EIP-4844 is that its value will trickle down to users, as we will all be able to benefit from lower L2 fees.

The reasoning behind this proposal is in line with Ethereum rollup-centric roadmap and further improves L2s scalability while being forward compatible with future sharding.

The door remains open for EVM execution shards in the future, but this is pragmatically the first step.

EIP-4844 is expected to be implemented sometime in the second half of 2023.

Read the original post:

All Ethereum L2s Fees Are About to Get Cheaper Thanks to EIP-4844 - DataDrivenInvestor

The crypto market has been growing rapidly in recent years, with new coins and projects launching regularly. Some of the top crypto presales include Ethereum (ETH), Cardano (ADA), Ark (ARK) and Alias (ALIAS). Dogetti (DETI) is a new meme coin thats joining these ranks with one of the most impressive crypto presales ever.

Presale can be the best time to invest, as coins are usually offered below market value, and investors can make a substantial return on their investments. Read on to find out more about these top crypto presales!

Dogetti (DETI) is a brand new meme coin approaching the end of its presale. It has already made a big impression in the crypto market and it is set to rival other meme coins. The token planned to launch at stage five of presale, but due to very popular demand from the community it will now launch on June 20th.

Dogettis whole ecosystem is designed to help users make money with NFTs, a DAO and a community driven approach. Another key feature is the reflection protocol which redistributes 2% of the 6% transaction fee to the community.

The DAO feature also allows users to have ownership over the project by voting and making proposals to the direction of the project. With a fun mafia theme, everyones voice will be heard in the Dogetti family and theyll generate wealth.

Ethereum has one of the most successful crypto launches of all time. Launched in 2015, it has now become the second largest crypto by market capitalization. Ethereum is a leading platform for decentralised applications (dApps) that use smart contracts.

It captured the interest of the corporate world with an initial coin offering (ICO) of $0.31. Today Ethereum trades for over $1,900 and is nearing $2k, with a market capitalization of over $240 billion, so those who invested early saw an amazing return on their investment.

Cardano launched in 2017 with a lot of attention as the co-founders of Ethereum founded it. Its native token ADA debuted with a market capitalization of $600 million. Today Cardano is known as one of the largest cryptocurrencies and is best known for using a proof-of-stake blockchain, making it more energy efficient.

Today ADA has a market cap of $14.33 billion and trades for $0.4121.

Alias launched in November of 2016, and is a privacy focused crypto asset. One of the top features is that it can be transferred and received globally with complete anonymity. Alias strives to push the boundaries of what governments around the world are willing to tolerate from digital currencies, but it hasnt broken into the mainstream.

It is one of the top crypto presales of all time as they raised $15,500 with an ICO price of $0.001. Alias currently trades for $0.01608, after an all time high of $6.74.

Ark launched in 2016 with the aspiration of giving passionate users a foundation and growing ecosystem. Arks platform offers several features including SmartBridge, which makes the ecosystem lightning fast and allows for quick integration of other cryptos into its blockchain.

Arks ICO launched in November 2016 and finished December 2016 after raising $22 million. Ark currently trades for $0.3326 while the ICO price was $0.00995394.

Dogetti is one of the best presales to watch this season as it prepares for launch. With a user-friendly and utility focused ecosystem, all users will be able to access crypto. Head to the website for more information.

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

Link:

Dogetti To Join the Ranks of the Top Crypto Presales Alongside ... - Analytics Insight

Zilliqa (ZIL) price is set to break out of its bearish ceiling as the room is getting too small to handle the number of bulls that are flocking into ZIL price action. With pressure building against the cap at $0.033, bulls burned their fingers in early ASIA PAC trading this week by receiving a rejection against that cap. Expect to see pressure keep on building against that level with a clear break that will see a very quick run up toward $0.045 near the monthly top resistance level.

Zilliqa price is setting the scene for what needs to be the best moment of 2023. As traders have had plenty of time to assess the current situation in financial markets, it has become clear that being long altcoins and cryptocurrencies is one of the most crowded trends. The proof is in the pudding for ZIL with a clear bullish squeeze that is set to break the bearish force around $0.033.

Floki Inu (FLOKI) price has been moving sideways, trading inside a range for more than a month. This situation could change quickly for FLOKI holders after the recent run-up that retested the range high.

Additionally, the official Twitter account of Floki Inu noted that there will be a special announcement on April 17 at 6 PM UTC. This news could be the catalyst that will determine where FLOKI will head next.

On-chain analysts at crypto intelligence tracker Santiment believe Ethereum holders have lost their risk appetite for the asset based on divergences in the market. Experts have predicted a correction in Ethereum against Bitcoin.

On-chain analysts at Santiment identified divergences in the crypto market that may have resulted in a temporary halt in Ethereums growth. Post the successful completion of Ethereums Shapella upgrade; the altcoin rallied to the $2,100 level before its recent pullback.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Continued here:

Cryptocurrencies Price Prediction: Zilliqa, Floki Inu & Ethereum European Wrap 17 April - FXStreet

According to some market metrics, the time for altcoins to shine, commonly referred to as alt season, may be just around the corner.

Bitcoin has been on fire in 2023, gaining more than 80% since the beginning of the year. However, the altcoins have not been given much love, with only minor gains in comparison.

Alt season usually follows a Bitcoin rally, and analysts suggest it could be on the horizon.

On April 16, crypto trader and analyst Skew highlighted a couple of observations on markets and altcoins.

He noted that altcoins and Ethereum (ETH) were leading in 24-hour volume. Furthermore, there has been a large OI [open interest] shift to altcoins here, he added.

OI is a measure of the number of active crypto derivatives contracts that are still open and have yet to be settled.

The analyst also observed that Bitcoins dominance had started to decline. According to TradingView, BTC dominance has fallen almost 4% in less than a week. The decline is due to Ethereums rally following the successful Shapella upgrade on April 12.

Bitcoin dominance is currently 47.06%, and it has failed to top 50% for two years, the last time being in April 2021.

The analyst commented:

When BTC Dominance is declining that implies altcoin appreciation in the near term. However, when BTC Dominance is gaining theres flight to safety in the market.

Additionally, there was a comparison to previous cycles. The analyst stated that there are some similarities between 2021 bottom consolidation when BTC showed strength first before a greater market rally.

Furthermore, Ethereum appears to be leading the altcoins as it did before. If ETH is actually showing strength here, some altcoins are well undervalued, he said.

Commenting on the Ethereum rally, former BitMEX CEO Arthur Hayes hinted at a return of alt season late last week.

Crypto markets have been relatively quiet over the weekend. In the past 24 hours, total capitalization has been stable at $1.32 trillion.

Altcoins are a mixed bag of red and green, with only a handful making any notable moves. Binance Coin (BNB) has made 5% on the day touching $350 for the first time since early November.

Furthermore, Solana (SOL) is up 6% to trade at $25.81 at the time of writing. Avalanche (AVAX) is another solid performer, adding 8.8% on the day to reach $20.83.

However, the rest of the altcoins have not done much, so alt season may have to wait a little longer.

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.

Read the original here:

Altcoins May Soon Rally as Ethereum Leads the Pack - BeInCrypto

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Investors flock to Bitcoin after Ethereum's Shapella upgrade - CryptoSlate