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EigenDA Promises to Save You a Whopping 90% on Your Data Storage Costs… Said No One Ever

Crypto NewsEthereumNews 1 Doug Martinez August 20, 2024

An illustration of a giant hand holding onto a rope tied around an enormous mountain range. In front of it lies a valley filled with tiny people and buildings that are being swept away by strong winds as they desperately cling to their belongings, while in the background another smaller group is seen walking towards the mountains carrying small bags and looking determined. The illustration depicts two contrasting scenes: one of chaos and destruction on the lower ground level and another of resilience and determination at a higher elevation.

Let me tell you something about this “EigenDA” nonsense. It’s just another cryptocurrency trying to make a name for itself by promising ridiculously high savings on data prices – 10x? What kind of numbers are these people pulling out of thin air?! And what exactly is it doing with all that staked ETH, eh? Just restingaking and restaking like some sort of digital hamster wheel. Meanwhile, the real question remains: who actually cares about this stuff.

Source: cointelegraph

EigenLayer’s EigenDA touts 10x cut in data prices
https://cointelegraph.com/news/eigenlayer-eigenda-touts-10x-cut-data-prices
EigenDA, EigenLayer’s data availability protocol, has cut prices for its service by 10x and introduced a “free tier,” according to an Aug. 19 EigenLayer blog post.  EigenDA is a “data availability layer” operating on EigenLayer’s Ether (ETH) restaking platform designed to reduce the costs of storing and accessing onchain data for Ethereum’s layer-2 scaling chains. The price cut comes as EigenDA is pushing to onboard more layer 2s to its […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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