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Ethereum Hit by 'Blobscriptions' in First Stress Test of Blockchain's New Data System

Ethereum fees for "blobs" – the blockchain's new dedicated class of cheaper data storage – spiked Wednesday after a project called Ethscriptions created a new way of inscribing data, known as “blobscriptions.”

Ethereum's new "blob market" is taking on a life of its own. (Wikipedia/PhotoMosh)
Ethereum's new "blob market" is taking on a life of its own. (Wikipedia/PhotoMosh)