What are the main upgrade points of Ethereum's Cancun upgrade, which is why it is said to be beneficial for this L2The central point is the EP-4844 protocol, which expands the capacity of blocks connected to L2 and L1. For example, when there is a transaction between L2 and L1, the transaction blocks can store around 50-100kb
What are the main upgrade points of Ethereum's Cancun upgrade, which is why it is said to be beneficial for this L2
The central point is the EP-4844 protocol, which expands the capacity of blocks connected to L2 and L1. For example, when there is a transaction between L2 and L1, the transaction blocks can store around 50-100kb. After upgrading, it can increase by about 20 times, which was originally able to store 50-100kb and can store 1-2mb after upgrading, (And the ideal state for final expansion is to allow blocks to carry around 16-32mb),
So this includes the speed of processing transactions, the size of data on the chain, and so on, which will accelerate and increase. However, the gas fee is lower, and what concept is it? For example, in our current on chain transactions, the gas fee is generally above 1u. After the upgrade is completed, it may be 0.1u or even lower. So, for this upgrade, everyone understands the difference from 1u to 0.1u, which is a big upgrade, The 4844 protocol is the core of the Cancun upgrade,
So overall, the main benefits of this upgrade are the projects on L2, which is a significant upgrade and optimization. This time, everyone has understood why the currency of the L2 network needs to be purchased for the Cancun upgrade, mainly focusing on OP and ARB,
As for some other aspects of the upgrade, such as DVT's distributed verification node technology, we don't need to know much about it. It's just a multi-signature that can make Ethereum more decentralized,
The expected upgrade of Cancun is expected to arrive in November. If it is in mid to late September, it is not worth buying and it will be a bit early. Before this, there will be a deep decline in the big cake. I believe that the point of decline is to return to 25500 again, which may be a good time,
So if there has been no decline and no news has come out, under normal market conditions, we may buy some from the end of September to early October, but the buying volume will not be very large,
If ARB Cancun is upgraded, there should be no problem if it can be adjusted back to around 1.1-1.2 at 0.8. The main reason for not buying now is that the trend of big cakes is not yet clear, and there are too many uncertain event data in the near future,
Because if the depth of the pancake drops back to 25500, ARB may return to 0.7 or even break a new low again
The same goes for op,
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