EIP-4844

EIP-4844, or Ethereum Improvement Proposal 4844, is a significant development aimed at enhancing the Ethereum blockchain's scalability and efficiency. Introduced to provide a way to handle transactions more effectively, it proposes a new transaction format that incorporates what are known as "blobs" of data. This will help reduce transaction costs and improve throughput, particularly for Layer 2 solutions like rollups. The implementation of EIP-4844 is expected to be critical in addressing congestion on the Ethereum network, further enabling decentralized applications and increasing the overall usability of the Ethereum ecosystem.