This was exactly what I was looking for, amazing video

The Dencun upgrade is what ETH needed. Now the Layer II's will benefit tremendously. This will be exciting for L2/L3 solutions like Loopring. Especially as Vitalik supports loopring and its fundamentals.

Great video! Need more resources like this 😊

Danksharding doesn’t decrease tx fees its sole purpose is to make l2s settling tx on l1 cheaper. A simple swap on a dex will b the same depending on demand. Danksharding doesn’t change the shit UX when demand is high

Very well explained

Well explained!!

this was a pretty awesome video, great explanation

@TheBlockchainGuy

Жыл бұрын

Glad it helped!

please make more videos like this on the more popular cryptos like chainlink, avalanche, solana, etc! very helpful.. subscribed!

Great video thanks! Super bullish on eth even more now!

@TheBlockchainGuy

Жыл бұрын

Thanks! Me too, so many good things happening! (not financial advice haha)

Where did you get the data for the pie chart of L2 costs (mentioning more than 90% of costs go to L1 CALLDATA fees

Thank you

Great video! 2:54 I think the "proto" in proto-danksharding instead signifies that this is a preliminary or initial version of the danksharding feature.

Nice channel

This was proposed in 2018. Still waiting.

What about reducing txs fees on Ethereum?

@TheBlockchainGuy

Жыл бұрын

The only reason transaction feeds would be reduced from eip-4844 as far as I understand is that L2s would no longer be competing for blockspace. However is an important step in full sharding which WILL reduce fees be an order of magnitude on ethereum mainnet

@wapane7721

Жыл бұрын

Danksharding is concerned less with reducing transaction fees on the Ethereum mainnet and more on providing more data for rollups so that there is enough space for many to exist at once and all post their transactions to the mainnet for cheap. Eth's new roadmap is now a lot more rollup focused which unfortunately means mainnet fees will remain more or less the same for the foreseeable future. The idea is that in the future most transactions will take place on Layer 2 networks anyways so mainnet fees shouldn't really matter.

@jonathanshiff562

6 ай бұрын

Defi companies won’t use L2’s.

Why do they make layer2 fees cheaper? Layer1 fees is the problem... They should make the layer1 fees cheaper instead of layer2 fees?

the video was in order of magnitude

order of magnitude:)

Can you do a show on what happens if Tethercoin goes the way of FTX and it's impact on the crypto market?

@TheBlockchainGuy

Жыл бұрын

I like the idea of a video like this but it might be a little bit before I make it. As of right now, it seems like Tether isn't facing any immediate threats. But that could change and if things start to get dicy again I'll def make one!

@nickb3968

Жыл бұрын

@@TheBlockchainGuy they admitted in their NY fine settlement they don't have 1 to 1 USD....

Eth is really at its baby stages. I just hope they don’t fuck everything.

everything about this seems a bad idea, I think ETH is running into a dead end

@TheBlockchainGuy

Жыл бұрын

Agree to disagree, I feel the opposite!

@abi.hockeycop

Жыл бұрын

If you don't trust Eth then stay in your BTC relm.

@themistoclesofathens4178

Жыл бұрын

@@abi.hockeycop >implying only BTC is PoW there are modern iterations frendo, and I am not staying contained anywhere, I adopt the broader view so I can back the winning horse and change my bets accordingly

Why devote resources to making L2’s cheaper when L1 fees are $7??? Ethereum leadership sucks.

@thedude5599

3 ай бұрын

i moved 297 000 USD worth of ETH on the main net last week and it cost 1.83 not 7

That useless video does not explain proto danksharding even remotely. #clickbait