{"id":11508,"date":"2024-03-12T10:10:52","date_gmt":"2024-03-12T08:10:52","guid":{"rendered":"https:\/\/forklog.com\/en\/gnosis-chain-activates-blob-transactions-ahead-of-dencun-launch\/"},"modified":"2024-03-12T10:10:52","modified_gmt":"2024-03-12T08:10:52","slug":"gnosis-chain-activates-blob-transactions-ahead-of-dencun-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/gnosis-chain-activates-blob-transactions-ahead-of-dencun-launch\/","title":{"rendered":"Gnosis Chain Activates BLOB Transactions Ahead of Dencun Launch"},"content":{"rendered":"<p>In anticipation of the Dencun upgrade on the Ethereum network, Gnosis Chain developers have activated BLOB transactions to scale the sidechain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Dencun is activated ? Now you can use blobs to scale Gnosis or post funny pictures using <a href=\"https:\/\/t.co\/w5dKzqB2UZ\">https:\/\/t.co\/w5dKzqB2UZ<\/a><\/p>\n<p>Great work everyone! <a href=\"https:\/\/t.co\/poEJQ8FXv0\">https:\/\/t.co\/poEJQ8FXv0<\/a><\/p>\n<p>\u2014 Stefan George ?? (@StefanDGeorge) <a href=\"https:\/\/twitter.com\/StefanDGeorge\/status\/1767267326196428844?ref_src=twsrc%5Etfw\">March 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cDencun is activated. Now you can use BLOBs to scale Gnosis or post funny pictures using blob.fm,\u201d stated project co-founder Stefan George.<\/p>\n<\/blockquote>\n<p>BLOB transactions will be launched on the Ethereum mainnet <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-developers-set-date-for-dencun-upgrade-on-mainnet\">on March 13<\/a> during the hard fork.<\/p>\n<p>A key component of the upgrade is <a href=\"https:\/\/forklog.com\/en\/news\/how-eip-4844-will-affect-ordinary-ethereum-users\">EIP-4844<\/a>. The proposal includes the <a href=\"https:\/\/www.eip4844.com\/\">Proto-Danksharding<\/a> option, designed to scale the network by creating a new type of transaction for large binary data arrays (BLOB).<\/p>\n<p>Dencun is expected to reduce fees for L2 solutions based on Rollups technology by approximately tenfold.<\/p>\n<p>Gnosis Chain, formerly known as xDai Chain, operates as an Ethereum sidechain managed by GnosisDAO. According to <a href=\"https:\/\/defillama.com\/chain\/Gnosis\">DeFi Llama<\/a>, the total value locked in the protocol exceeds $320 million. The network hosts major decentralized applications such as Balancer, Spark, Aave, and Aura.<\/p>\n<p>In February, Polygon developers <a href=\"https:\/\/forklog.com\/en\/news\/polygon-developers-anticipate-fee-reductions-with-ethereums-dencun-update\">explained<\/a> how Dencun will reduce fees in second-layer solutions and alleviate the high cost of data availability.<\/p>\n<p>As reported, the Ethereum team <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-developers-implement-dencun-hard-fork-on-holesky-testnet\">successfully implemented<\/a> the hard fork on the latest test network, Holesky.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In anticipation of the Dencun upgrade on the Ethereum network, Gnosis Chain developers have activated BLOB transactions to scale the sidechain. Dencun is activated ? Now you can use blobs to scale Gnosis or post funny pictures using https:\/\/t.co\/w5dKzqB2UZ Great work everyone! https:\/\/t.co\/poEJQ8FXv0 \u2014 Stefan George ?? (@StefanDGeorge) March 11, 2024 \u201cDencun is activated. Now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1443,1134],"class_list":["post-11508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-gnosis","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11508"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11507"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}