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Ethereum Foundation AMA: Projects like Celestia are unable to compete with the Ethereum mainnet in terms of security.

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Odaily
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Sep 5, 2024

Odaily Planet Daily News Ethereum Foundation core researcher Davide Crapis responded to the 12th AMA of the Ethereum Foundation regarding the question 'Should the target be lowered to ensure fee price discovery if the blob fails to reach the target average (3)?' He stated: 'No. This mechanism prices congestion, so if there is no congestion, keeping prices low is fine. However, the current demand far below the target value affects price discovery in congested situations. Price discovery is crucial, and we should make the mechanism more effective. In the short term, changes such as raising (but still very low) minimum fees or changing update speeds would be helpful.' Another core researcher, Dankrad Feist, commented on the issue: 'Ethereum is currently creating a new market for rollups - the Data Availability (DA) market. Many alternative solutions hope to take market share from Ethereum - Celestia, Eigenlayer, Avail, etc. They cannot compete on security, so they aim to compete on price. The revenue from 3 blobs per block will never affect Ethereum's protocol revenue. I believe that in the coming years, we should strive to scale as much as possible. In any case, I do not think blob fees will be the best value capture mechanism for Ethereum.'

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