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UNCHAINED: How Ethereum’s Dencun Upgrade Could Lead to the Rise of Millions of Layer 3s
Mar 15, 2024
Ethereum's Dencun upgrade leads to cheaper Layer 2 transactions, paving the way for specialized Layer 3s. Jesse Pollak discusses the impact on Base, differentiation between Layer 1s and 2s, the rise of Layer 3s, and the benefits of Dencun. The podcast also covers legal battles in the cryptocurrency industry and Elon Musk's Dogecoin comment.
38:16
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Quick takeaways
- Ethereum's Dankun upgrade reduces transaction fees, paving the way for specialized Layer 3s.
- Jesse Pollak discusses differentiation between Layer 1s and Layer 2s, foreseeing a rise in Layer 3s.
Deep dives
The Dankun Upgrade and Layer 2 Benefits
The Dankun upgrade on Ethereum introduced ProtoDank Sharding, aiming to scale layer 2 networks by significantly reducing transaction fees. Layer 2 networks witnessed a drop in median transaction fees post-upgrade, with optimism-based chains like base seeing the most significant reductions. This change aligns with Ethereum's strategy to focus on layer 2 scaling solutions to enhance throughput and lower execution costs.
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