After the Ethereum Dencun upgrade, Blob has officially been introduced, and due to its cheap features, it is being widely used to create Blobscriptions, which are seen as the second version of Ethscriptions. This article is sourced from Cookie, compiled, edited, and written by Block Beats.
(Prior summary: Ethereum Blob is “creating inscriptions” at a record speed, and the base fee is soaring.)
(Background supplement: Is ETHS Layer2? In layman’s terms, what is the Ethscriptions Virtual Machine?)
After Bitcoin introduced “Bitcoin Stamps 2.0” with OLGA, Ethereum’s inscriptions, Ethscriptions, also introduced “Ethscriptions 2.0” with Blobscriptions. Co-founder of Ethscriptions, @dumbnamenumbers, released a tweet in the early morning of the 28th, announcing the official launch of Blobscriptions.
The “Duck Rabbit” mentioned in this tweet is a meme that @dumbnamenumbers loves, and he posted this image on the Base network in August last year.
At that time, he also received a reply from Jesse Pollak, the founder of the Base protocol:
Jesse Pollak: Thank you for putting “Duck Rabbit” on Base.
Through Etherscan, we can also see that @dumbnamenumbers himself created a version of “Duck Rabbit” for Blobscriptions before announcing the launch of Blobscriptions.
Source: Etherscan
As a result, many players started creating versions of “Duck Rabbit” for Blobscriptions. At the time of writing this article, Gas has already surged. According to the insufficient balance prompt in the image below, it currently costs about 0.1 ETH to create a version of “Duck Rabbit” for Blobscriptions…
Since only 6 Blob data can pass through an Ethereum block, it would take about 6 blocks to process if it is submitted at this time.
(Data source: ethernow.xyz)
So what are Blobscriptions?
Blobscriptions are introduced in EIP-4844, allowing anyone to store data on Ethereum at a price 10 to 100 times cheaper than calldata. This allows Ethereum inscriptions to further reduce the cost of engraving. According to @dumbnamenumbers, we can engrave Ethereum inscriptions with a size of 768 kb at a cost of less than $5.
However, this “discount” comes at a cost. Since Blobs focus on storing Layer 2 transaction data (with the purpose of distinguishing them from Layer 1 calldata to reduce Layer 2 transaction fees), Ethereum itself does not guarantee the availability of Blob data beyond 18 days.
Regarding this, @dumbnamenumbers specifically explained that it’s okay because our Ethereum inscription indexer will store this data indefinitely.
Therefore, in summary, Ethereum inscriptions cleverly use the new features of Ethereum to reduce the cost of engraving.
How to create Blobscriptions?
Visit https://blobscriptions.io/ to create Blobscriptions. After entering the website, we first click on “Create a burner for me”, and the website will generate a new wallet for us. Import the private key into Web3 wallets like Metamask, and remember to verify if the displayed address matches the imported one.
Then follow the steps below, and remember to transfer ETH to the new address for payment of the engraving cost.
Currently, there have been sightings of people creating BLOB-20 tokens. It should be the person in the image below. He has provided a tool specifically for creating BLOB20 tokens, and the security needs to be verified by individuals.
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