Gnosis DAO picks Swarm to store blobs? Swarm token surges 100% in 24 hours
The post Gnosis DAO picks Swarm to store blobs? Swarm token surges 100% in 24 hours appeared on BitcoinEthereumNews.com.
On-chain market data shows that Gnosis DAO has successfully stored blobs on Swarm. The DAO’s move from IPFS to Swarm has piqued investors’ interest in the recent industry buzz. The price of Swarm (BZZ) has surged by more than 80% in the last 24 hours. Also read: Inflows into Bitcoin ETF are strong, but the price won’t move Gnosis Chain pioneered blobs—a new approach to enhance Ethereum’s data handling capabilities ahead of the Dencun upgrade. After that, Gnosis DAO co-founder Martin Köppelmann announced the entity would store blobs permanently on ethswarm 3 months ago. @gnosischain blobs are now securely stored on Swarm 🐝🐝 Plus, the Swarm Foundation will sponsor storage for @ethereum and @gnosischain blobs on Swarm—providing 12 months for Ethereum chain blobs and 3 months for Gnosis chain blobs! cc: @blobscan 💥 https://t.co/eODJEgYdt2 — Ethereum Swarm (@ethswarm) April 4, 2024 Gnosis DAO moves from IPFS to Swarm Gnosis Chain, formerly known as xDai Chain, functions as a sidechain alongside Ethereum and is managed by Gnosis DAO. Blob.Fm, a content-based platform, was the first Gnosis Chain application to use network blobs. These blob transactions, also known as EIP-4844 (or protodanksharding), went live on the Ethereum mainnet at epoch 269568, following the Dencun upgrade. On March 12, 2024, Martin Köppelmann said on X (formerly Twitter), “No worries, we are already exploring option to save poor Woody by storing blobs permanently with @ethswarm.” Soon after, members had an open discussion on which option the Gnosis DAO should choose: either ethswarm or IPFS. The results of the voting are shown below. Source: DarkoWeb3StorgePerf To provide some context, Swarm is a peer-to-peer network of Bee nodes that work together to deliver censorship-resistant, decentralized storage and communication services. Swarm’s incentive system is enforced using smart contracts on the Gnosis Chain blockchain and powered by the…
Filed under: News - @ June 11, 2024 3:18 pm