Gas is the cheapest it’s been in a long time. Imagine that this will be the norm a year or so from now

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Gas is the cheapest it’s been in a long time. Imagine that this will be the norm a year or so from now

We rarely get to see gas this low on Ethereum and whenever we do it’s always an opportunity to buy everything we couldn’t back when gas was high.

This has typically become the norm over the years. Too much gas? Transactions not worth it? You’re gonna have to wait it out or pay up.
But imagine that soon this will all become something of the past.
It’s kinda surreal if you think about it. A cheap Ethereum all year round.

Of course, when I say a cheap Ethereum I’m talking about data availability and L2 integration.
If you think that L2s are already cheap, then you haven’t seen anything.

The main problem with Ethereum has always been data availability.
Ethereum always had to store huge masses of data (a lot of which never ends up getting used) on the chain making compilation much slower and more expensive.

In mid-2023 sharding is set to be implemented onto the Ethereum beacon chain which is much more flexible than the old PoS change and welcomes new upgrades and fundamental changes.
The focus on sharding will be boosting L2s with A LOT more throughput making their computational power much stronger.
The second thing is solving the problem of data availability where L2s will store all Ethereum data off-chain to take a huge load off of Ethereum.

Right now the only L2 working on that is Polygon with their Polygon Avail solution.
What they’ll do is basically store all the data off-chain and present Ethereum with Definitive and irrefutable proof that all data is indeed stored and untampered with while providing only the data needed at the current moment making Ethereum much more streamlined.

But as time passes by and the competition between L2s starts heating up, I’m expecting (and hoping) that more L2s start focusing on this issue as well because competition breeds more ingenuity which is all great for us, the consumers, at the end of the day.

Although the roadmap says that sharding will be introduced in mid-2023, I have a feeling that it might take a while longer especially after seeing the delays that happened with the merge.

I really hope that this step finishes development at the right time cause I seriously can’t wait to finally not having to worry about gas fees.
Once sharding is fully implemented, L2s will take over and technically become one part of the Ethereum blockchain and ecosystem.

submitted by /u/pihip2
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