Introduction: This analysis delves into Protocol Update 002, focusing on Ethereum’s approach to “blob scaling,” as detailed in the blog post “Protocol Update 002 – Scale Blobs” (https://blog.ethereum.org/en/2025/08/22/protocol-update-002). Building upon Protocol Update 001, this update outlines a strategy to enhance the scalability of Ethereum by leveraging Layer 2 (L2) systems. The core principle is that…