Author: Haotian, crypto KOL; Source: Author’s Twitter
Regarding the potential follow-up impact of the Cancun upgrade, I would like to add some thoughts:
1) Ethereum POW to POS , it is divided into three major stages: Beacon chain, Merge, and Sharding. The Cancun upgrade actually belongs to the Proto-Sharding stage before sharding. It mainly introduces EIP4844 and Blob data packet plug-ins. It was originally a small upgrade, but its The impact on Rollup layer 2 is so great that its market popularity exceeds the sharding upgrade itself;
2) The biggest contribution of the Cancun upgrade is to realize the transaction resource consumption and transaction resource consumption of the main network Execution layer. The decoupling of Consensus layer Blob temporary data packet calls has allowed the originally strongly bound single charging market to be programmed into a diverse tiered charging market. To put it simply, the original L2 data packets are packaged into calldata, and all data is processed every time it is executed. Calling and generating higher Gas, after independent charging, when the data is really needed, it will be called directly from the consensus layer without consuming the computing resources of the execution layer, thus greatly saving Gas fees;
3) Mainnet Gas instability has a lot to do with the increase in Gas during the Summit transaction of the Layer 2 project party. There is a layer of competition logic. Everyone wants their transactions to be confirmed faster. This means that after the Blob becomes a public resource, will it trigger centralized bidding in Layer 2? Fomo, and thus weaken everyone's expectations for lower upgrade rates in Cancun? There is a high probability that Cancun's upgrade will stimulate the arrival of the "one-click chain" layer2 wave. When layer2 becomes rampant, it will be difficult not to have an impact on rates in a free and dynamic market;
4) After the Cancun upgrade, will the market’s expectations for sharding disappear? This is indeed worth pondering. The sharding scheme actually treats each block as a branch blockchain, and finally combines these branches into a block on the main chain, thereby achieving a comprehensive improvement in transaction capacity, transaction rates, and efficiency. Essentially, it reduces the burden on the Ethereum main network by splitting the block space. However, currently layer 2 is promoting modularization, and the separation of execution layer, settlement layer, DA layer, etc. is also reducing the burden on a single main chain. It should be said that modularization is also "sharding" Ethereum. If Vitalik does not change the sharding route, it is inevitable Sharding and modularization will compete on the same stage to compete for the ecology, which will make Ethereum very passive. However, if you are tolerant enough and think about it from another angle, sharding + modularization may make Ethereum more powerful;
5) Rollup Layer2 Daxing To B’s one-click chain launch project, From a business perspective, it can increase the imagination of layer 2, but it has already been launched. Who will build the ecosystem? Even some applications with their own user traffic can configure Rollup chains based on the applications themselves, which will inevitably pose a threat to the current General chain. . Will application developers choose layer 3 of the universal chain, or will they directly build layer 2 chains independently? Food for thought. The layer 2 market is ultimately driven by ecology and applications. In the long run, without users and ecology, there is no point in idling a chain.
JinseFinance
Cointelegraph