Glossary - ChicksX

EIP-4844 is a proposal to introduce data blobs in Ethereum, enhancing scalability and lowering transaction costs.

EIP-4844 is an Ethereum Improvement Proposal aimed at improving network efficiency and reducing gas fees. It introduces "blobs," which are large data objects that can be stored temporarily at a lower cost. This change is designed to boost layer-2 solutions by enabling cheaper data availability. By offloading some data storage from the Ethereum main chain to these blobs, EIP-4844 enhances scalability and supports more transactions. This is crucial for the network’s growth, making it more accessible and cost-effective for users.