On the 24th of November 2022, Liam.eth announced on Twitter that Ethereum core developers have a call coming on Thursday geared toward a discussion to get EIP-4844 to be considered for inclusion (CFI)
Ethereum core devs have a call coming up this Thursday to discuss getting EIP-4844 to be considered for inclusion (CFI).
This is a huge moment for the many teams that have been working on getting this EIP to production this year!
Here is why I think it's time for CFI 👇
— liam.eth (@liamihorne) November 24, 2022
EIP-4844 is a proposed upgrade to the Ethereum blockchain that will introduce data availability for rollups, resulting in reduced fees and increased transaction throughput. This is a groundbreaking moment for the many teams that have been working relentlessly on getting EIP-4844 into production this year.
Critical to the EIP proposal is the introduction of a new transaction format for Ethereum, referred to as “Blop”. EIP-4844 works by introducing a new transaction type to Ethereum that accepts ephemeral Blops of data.
This new Blop data storage is purposed for storing rollup data, facilitating the implementation of roll-up mechanisms, including Optimistic and ZK, and enabling the creation of a new, lower-cost fee market which would mean a decrease in fee by 10-100x on layer 2 rollups.
This will offer layer 2 protocols some relief by solving a significant scalability problem of data accessibility.
Liam.eth also stated that the parameters of the new proposal being worked on, indicate that massive headway is being made in individual sectors. He explained that EIP-4844 is built on withdrawal specs. Both the execution layer and consensus layer work are built directly on top of the existing withdrawal implementations.
Remarkable work and significant progress have also been made on KZG libraries in order to make implementations smoother and more reliable. Devnet is not left out, as the next Devnet v3, will support six of the nine major clients and should be ready by November 30th.
Many believe that EIP-4844 is the most promising EIP after the Merge that’s contributing to the future of Ethereum, as it is an upgrade set to cut Ethereum transaction costs, improving scalability.
Hopefully, the case for EIP-4844 will be understood in the upcoming call involving all core developers to ascertain if it deserves the CFI status. At the end of the day, we all want to see Ethereum win.