Posted 3/7/2024, 11:08:00 AM
Ethereum's Dencun Upgrade Aims to Enable Near-Zero Fees for Layer-2 Blockchains
- Dencun upgrade scheduled for March 13, expected to enable near-zero fees for layer-2 blockchains
- Allows Ethereum to act as a database for other blockchains to store data more efficiently
- Should attract more users by providing scaling for millions of users on layer-2s
- Lowers costs for layer 2s to store data, reductions likely passed to users as lower fees
- Short term fee reductions apply to layer 2s, not base Ethereum blockchain transactions
