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Ethereum Foundation AMA: DA projects such as Celestia cannot compete with the Ethereum mainnet in terms of security
2024-09-05 13:57
Odaily News Davide Crapis, a core researcher at the Ethereum Foundation, responded to the question "If blobs fail to reach the target average (3), should the target be lowered to ensure fee price discovery?" during the Ethereum Foundation's 12th AMA: "No. The mechanism prices congestion, so if there is no congestion, it is okay for prices to remain low. However, the current demand is far below the target value, which affects price discovery in the case of congestion. Price discovery is important, and we should make the mechanism more efficient. In the short term, changes such as raising the (but still very low) minimum fee or changing the update speed will help." Another core researcher, Dankrad Feist, said in response to the question: "Ethereum is currently creating a new market for rollups - the data availability (DA) market. Many alternative solutions want to take market share away from Ethereum - Celestia, Eigenlayer, Avail, etc. 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 Ethereum's protocol revenue. I think in the next few years, we should strive to scale as much as possible. Either way, I don't think blobs will be a big deal. Fees will become the best value capture mechanism for Ethereum.”