Crypto world is the order of the day, and such, many people introduce new terms, some of which we may have never heard before. The world is still getting up to terms with these terms.

For example, check out the following report:

Blobs

In the 1958 movie starring Steve McQueen, and its 1988 remake, The Blob is an amoeba-like jello monster that terrorizes the inhabitants of a small town, growing larger and redder as it consumes them.

In crypto, most especially Ethereum, blobs (Binary Large Objects) are substantial chunks of data not required by Ethereum’s electronic virtual machine (EVM). Blob data is held onchain for around 20-90 days and then deleted.

However, it is clear that Blobs is not the only new term that may be confusing to people who often read crypto press releases and articles.

Another one is ‘Rollups’.

About Rollups

Rollups are a way of processing transactions on layer-2 protocols, freeing up valuable space on the base layer. A rollup folds transaction upon transaction on the layer-2 level, sometimes dozens of times over, then rolls them together before sending the data back to layer-1.

Click here to read more about these words.