BusinessBee Movie Script Now Stored on Ethereum using ‘Blobs’ Technology

Bee Movie Script Now Stored on Ethereum using ‘Blobs’ Technology

Decentralized Entertainment: Bee Movie Script Uploaded to Ethereum

Exploring the intersection of blockchain technology and entertainment, an Ethereum developer recently made headlines by uploading the entire script of the Bee Movie to the Ethereum blockchain for a mere $14. This innovative move sought to demonstrate the low transaction costs made possible by the latest Ethereum upgrade known as Dencun.

Ethereum Upgrade Showcased with Bee Movie Script

Developer Dan Cline chose to showcase the efficiency of the Dencun upgrade by uploading the Bee Movie script immediately after the upgrade went live on March 13. This upgrade, which had been in testing for several months, aims to reduce transaction costs on layer 2s, providing a cost-effective solution for Ethereum users.

Technological Feat on Mainnet

In a celebratory post, Cline shared that he successfully uploaded the Bee Movie script onto Ethereum’s mainnet. By leveraging data blobs during the upload process, the script was permanently embedded on the blockchain at 2:08 PM UTC.

The upgrade introduces a groundbreaking feature called proto-danksharding, designed to lower transaction costs for Ethereum scaling layers such as Optimism, Arbitrum, and Polygon. Additionally, the inclusion of data blobs, which serve as temporary data storage units, marks a significant step towards achieving full Ethereum sharding capabilities.

Temporary Nature of Data Blobs

While the Bee Movie script now resides on the blockchain, it is essential to note that data blobs have a limited lifespan, expiring in less than two weeks. As highlighted by ConsenSys, once the blobs expire, the specific data they contain will no longer be retrievable.

Community Engagement

Interestingly, Cline was not the sole participant in this unique experiment. Mason Hall from A16z also uploaded the Bee Movie script to Ethereum, paying a nominal fee of $5 for the transaction. This community engagement underscores the growing interest in leveraging blockchain technology for unconventional purposes.

As Ethereum continues to evolve, co-founder Vitalik Buterin remains dedicated to enhancing the network’s scalability and performance, paving the way for more innovative applications and use cases.

Source: Fully Crypto

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