Blast to Enable Blob Support with Network Upgrade on May 28th
CryptoNewsTerminal Staff24 May, 2024
Blast to Enable Blob Support with Network Upgrade on May 28th
Blast, the Ethereum Layer 2 scaling solution developed by Blur, announced an upcoming network upgrade scheduled for May 28th at 7 AM (KST) to implement support for a new transaction type known as Blob. This upgrade aims to significantly reduce transaction fees for Blast users. To prepare for the upgrade, infrastructure providers are advised to update their Blast nodes to the latest version. The integration of Blob support will enable Blast to process transactions more efficiently, resulting in lower fees and enhanced performance for users. By leveraging the Blob transaction type, Blast can accommodate larger and more complex transactions while maintaining low costs. This upgrade aligns with Blast's commitment to providing a fast, scalable, and cost-effective Layer 2 solution for Ethereum applications. Users can anticipate improved transaction efficiency and reduced fees on the Blast network following the upgrade's implementation.
