Blob-carrying transactions are like normal transactions except that it carries an extra piece of data. The intended effect: more block space and cheaper transactions.
The Dencun upgrade has now been set for launch on the Ethereum mainnet on March 13 — introducing proto-danksharding and blobs aimed at driving down transaction costs on Ethereum layer-2s.
The hard fork is scheduled to take place at 13:55:35 pm UTC, Ethereum infrastructure firm Nethermind revealed in a Feb. 8 X post. The timing equates to approximately slot 8626176 on the Ethereum network, Ethereum core developer Tim Beiko added.
One of Ethereum’s creators, Vitalik Buterin, has voiced that Ethereum that will “fail” without sufficient scaling infrastructure to make transactions cheap.
