The new Starknet version 0.13.3 has been praised by Vitalik Buterin for its efforts to increase Ethereum network efficiency by reducing blob gas costs fivefold.
Starknet's New Version Cuts Gas Costs
Starknet's 0.13.3 update enhances the Ethereum network by significantly reducing blob gas costs, a crucial step in improving data efficiency for Ethereum scaling.
Methods to Reduce Blob Costs on Ethereum
The Starknet update implements transaction squashing and state-diff compression to lower the transaction data size sent to Ethereum Layer 1, thereby reducing user costs.
Effects of Update on Ethereum Ecosystem
The Starknet update makes the Ethereum blockchain more cost-effective and scalable. The reduction in gas costs and improvements in data processing and storage positively impacts the network's users. The burning of blob gas also supports a deflationary model, reducing ETH supply.
Starknet 0.13.3 significantly boosts Ethereum's efficiency and accessibility, as evidenced by Vitalik Buterin's approval.
