EtherFoundation AMA: DA projects like Celestia can't compete with the main EtherNet in terms of security
Davide Crapis, Ethernet Foundation Core Fellow, during the 12th Ethernet Foundation AMA, responded to the question, “If a blob fails to reach the target average (3), should the target be lowered to ensure fee price discovery?” The response to the question was: No. The mechanism prices congestion. The mechanism prices congestion, so if there is no congestion, it is fine for prices to remain low. However, current demand being well below the target will affect price discovery in the presence of congestion. Price discovery is important, and we should make the mechanism more effective, and in the short term, changes such as higher (but still very low) minimum fees or changes in the rate of updates would help.” Another core researcher, Dankrad Feist, commented on the issue, “Ether is currently creating a new market for rollup - the data availability (DA) market. Many alternative solutions are looking to take market share away from Ether - Celestia, Eigenlayer, Avail, and others. They can't compete on security, so they want to compete on price.
Revenue from 3 blobs per block will never have an impact on Ether's protocol revenue. I think we should try to scale as much as possible over the next few years. Either way, I don't think blob fees will be the best value capture mechanism for Ether.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Overview of Important Overnight Developments on November 18
150 million USDT transferred from Tether Treasury to CEX
Analyst: Bitcoin May Be About to Hit a Major Pullback