Can somebody explain how data blob transactions would work and why they would lower L2 fees by 10x without lowering decentralization of Ethereum Layer 1. Why wasn’t it implemented earlier when its considered a relative simple upgrade?

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Can somebody explain how data blob transactions would work and why they would lower L2 fees by 10x without lowering decentralization of Ethereum Layer 1. Why wasn’t it implemented earlier when its considered a relative simple upgrade?

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