The forthcoming Ethereum Dencun upgrade scheduled for March 13 offers a chance for near-zero transaction fees for layer 2 (L2) solution users, possibly drawing in more new ones, as per a research report by Fidelity Digital Assets.
The forthcoming Ethereum Dencun upgrade scheduled for March 13 offers a chance for near-zero transaction fees for layer 2 (L2) solution users, possibly drawing in more new ones, as per a research report by Fidelity Digital Assets. The forthcoming upgrade marks the initial step in Ethereum ’s rollup-focused roadmap. This advancement will empower the network to function as a resilient database, enhancing the efficiency and cost-effectiveness of data storage for layer 2 blockchains.
that the Dencun upgrade would provide the necessary scaling capability to accommodate millions of users on layer 2 blockchains, positioning Ethereum as a more suitable distributed database for other blockchains. These enhancements are anticipated to attract significantly more users to the Ethereum ecosystem and broaden the network’s total addressable market (TAM). Moreover, the upgrade is poised to reduce costs for layer 2 blockchains to store data on the main network. This cost reduction is expected to be transferred to users through lower fee
Ethereum Upgrade Transaction Fees Layer 2 Blockchain Database
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