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TL;DR
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On Wednesday, the Ethereum mainnet was upgraded — and to this point, it is trying prefer it was a mighty success!
Which makes us assume this improve might be an enormous catalyst for Web3 mass adoption.
Hear us out:
The Dencun improve allowed for Layer 2’s (aka L2’s, aka quicker n’ cheaper blockchains constructed on high of the Ethereum community) to maneuver knowledge extra effectively, and in flip decrease their prices/enhance their pace much more.
Now — not all L2’s had the tech to make the most of this improve but, however people who did have already been fist bumping about their successes.
For instance:
Charges on the ‘Base’ L2 dropped from $0.31 to $0.0005, after the improve.
And decrease costs open the flood gate for innovation.
Consider it like this: If the Ethereum mainnet is an iPhone, the layer 2’s are the apps you obtain.
When it turned straightforward/low-cost to create, add and set up apps — two issues occurred:
Extra folks began making apps and sharing their concepts.
Extra folks bought iPhones to make use of stated apps (onboarding them into the Apple ecosystem within the course of).
So with charges dropping to beneath the price of a penny, extra folks will decide to check and innovate on Ethereum.
And because the tech turns into extra streamlined, extra folks can come to play.
Very cool!
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