The article boasts of ethereum L2 being able to support 500 TPS thanks to blobs.
That's at least two decimal orders of magnitude away from being a global payment solution. It's a joke.
That's at least two decimal orders of magnitude away from being a global payment solution. It's a joke.
Vitalik gave goals of 1.33 MB per second in blob space, and a compressed tx size of 25 bytes. This gives around 50,000 transactions per second, which seems like a worthy goal.
Each L2 is its own chain that uses its own sequencer/s. The blocks from this chain are then compressed into a single blob of data with a ZK proof that the transactions are valid. The validators on L1 only need to verify that ZK proof matches the hash of the submitted data, which can be done in a few ms even if the L2 did 1M+ transactions.