first, let's break it down.
blob-space
in very simple terms, blob is data.
in our everyday lives, blob can be photos, videos, texts...
but here in crypto/webs, blob is transaction data.
now we know what blob is, and we obviously know what a space is...
with that, we can say,
a blobspace is a storage space specifically used by ethereum rollups to store transaction data.
i explained what rollups are here...
[https://x.com/goldmanCreates/status/1937803436877054233]
but storing data off-chain creates a problem -
how to prove that data actually exists and is accessible to everyone became the challenge...
blobspace solves that data availability[da] problem by making rollups scale without breaking ethereum's economics.
that's one minute.
i'm goldman,
...with me, you only need one minute to understand any crypto concept.
just one minute.