jakiro
Author: Haotian; Source: X, @tmel0211
Some friends are surprised, why is there so little discussion about the Ethereum Fusaka upgrade?Because unlike the previous PoW to PoS upgrade and Dencun upgrade,This upgrade is a typical “engineering optimization”. There are no conceptual gimmicks or paradigm innovations. It just reduces costs, improves efficiency, optimizes experience, and solves some specific problems.:
Isn’t this what a mature public chain should be like?Come onSee what Fusaka can bring to the table!
1) L2 costs are significantly reduced.At present, L2 overhead is mainly the DA cost of publishing data to L1. Fusaka has cut the cost of L2 by more than half through Blob expansion 8 times + PeerDAS random sampling verification.
Many people have become desensitized to L2 fee reductions. They believe that the main crux of L2 is ecological activity, and it is meaningless to just reduce fees. However, if you get rid of the general L2 thinking in the past and look at it from the perspective of Specific application chains, the meaning is completely different. For example: Arbitrum fee reduction is active in its RWA infrastructure, and Base fee reduction will directly stimulate the development of the x402 payment ecosystem, as well as the upcoming expansion of MegaETH in high-frequency DeFi and gaming application scenarios.
The market should not only focus on how much L2 costs have been reduced, but which high-frequency application scenarios have been activated due to cost reductions..
2) The Blob fee market normalizes, and ETH Burn is expected to be rekindled.Due to the decline in Blob fees after the Dencun upgrade, the main network once lost the ability to be fed back by L2, and Ethereum also changed from a deflationary state to a micro-inflationary state.
Fusaka introduces the minimum Blob base fee (EIP-7918), which means that even if the demand for Blobs is low, L2 will still have to pay the minimum toll, and ETH will have to be burned.
This is actually returning to normal. Once the daily average ETH Burn volume after the upgrade returns to the level before the Dencun upgrade, the expected ETH deflation track will not be far away.In the longer term, the big narrative of ETH as the value anchor of the global settlement layer can stabilize its foothold..
3) The Gas Limit is increased to 60M, and the L1 throughput is significantly improved..Under the current public chain narrative of 100,000+ TPS at every turn, everyone is naturally indifferent to the narrative of Ethereum increasing dozens or hundreds of TPS.
But don’t forget, the Ethereum that you reviled is really going to improve TPS, and it has changed from the previous slow state of Buddhism, and its execution efficiency is skyrocketing. The key is to compete with Solana head-on. In addition, its simplified Ethereum strategy of long-term improvement of L1 performance, how can people not give it a thumbs up!
Essentially,In the past, Ethereum was a single-legged strategy of Rollup Centric, which was too constrained by the L2 track, but now the dual-track parallel promotion strategy of L1 settlement + L2 execution has flexibility and room for imagination..
4) PeerDAS reduces the verifier threshold by 85%.I think this is Fusaka’s most overlooked but most profound change.With the verification mechanism of randomly sampling a small part of the data, the decentralization of Ethereum Validators will be substantially improved, and it also responds to Vitalik Buterin’s previous concerns about institutional control of Ethereum.
To a certain extent, PeerDAS is actually a lightweight implementation of the Ethereum sharding idea., achieving various goals that the pie-like sharding strategy wants to achieve, including reducing node burden, improving network scalability, and enhancing decentralization.
In addition, the greater significance of PeerDAS is to completely remove the technical barriers to institutional entry., such as institutions participating in node operation and maintenance, staking and other compliance-related businesses, etc.When Fidelity, BlackRock, etc.When the TradFi giants can deeply participate in the economic activity contribution of Ethereum, it will be the real starting point for the explosion of the Ethereum ecosystem.;
above.
The question is, an ETH that is more mature, more robust, more efficient, and can also combine institutional expansion, L1+L2 dual-track development, and micro-deflation value capture, is it worth your faith again?
