Ethereum L2s face bottlenecks as ‘BlobScriptions’ drive fees up by over 10,000%

Ethereum’s blobs transaction fees witnessed an unprecedented surge yesterday with the debut of “BlobScriptions.” Blobs represent a novel transaction type that alleviates layer-2 fees on the Ethereum network and was introduced through the Dencun upgrade. Since its inception, the minimum gas price for a Blob to secure inclusion in …

This post was published at CryptoSlate