Ethereum

Optimism

Read

Gnosis

Tenderly Co-Founder and SVP Nebojsa Urosevic said Ethereum must adapt to skyrocketing transaction volumes without charging users a fortune as global adoption accelerates.
Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) is about to implement the much-debated Dencun upgrade, a technological overhaul at the blockchain’s base layer intended to bolster network throughput and reduce transaction costs by implementing <a href="https://crypto.news/ethereums-dencun-upgrade-the-next-major-step-in-scalability/" target="_blank" rel="noopener noreferrer nofollow">proto-danksharding</a>.
<a href="https://crypto.news/dencun-upgrade-to-further-reduce-ethereums-dominance-and-accelerate-layer-2-solutions-flipside-says/" target="_blank" rel="noopener noreferrer nofollow">Dencun</a> will unlock expanded data capacity for L2 solutions like Optimism through access to blobs. Urosevic, who has 10 years of experience in soft engineering and maintains a custom scalable Ethereum Virtual Machine (EVM) at Tenderly, believes this upgrade is critical to defi’s future and important to negating entry barriers for new users.&nbsp;
<blockquote class="wp-block-quote">
 To ensure blockchain technology reaches a global scale, we must address these issues early on, especially as Ethereum’s network capacity becomes more limited. Sustainably scaling Ethereum will ensure there’s enough room for new applications to emerge without compromising the network’s security, decentralization, or user experience. <cite>Nebojsa Urosevic, Tenderly’s co-founder and SVP</cite>
</blockquote>
You might also like: <a href="https://crypto.news/gnosis-dencun-upgrade-scalable-network/" rel="noopener noreferrer nofollow"> Gnosis premieres Dencun upgrade to create easily scalable network </a>
<h2 class="wp-block-heading" id="tapping-multichain-technology-for-ethereum-scalability">Tapping multichain technology for Ethereum scalability</h2>
As Ethereum cannot be scaled infinitely without running into the blockchain trilemma, layered multichain solutions have proven to be an efficient path forward for long-term scalability, Urosevic shared with crypto.news.
<blockquote class="wp-block-quote">
 Over the years, the developer community has worked on many solutions for scaling Ethereum. While each of them has its benefits, optimistic and zero-knowledge rollups are the most promising, efficient, and secure ones. <cite>Nebojsa Urosevic, Tenderly’s co-founder and SVP</cite>
</blockquote>
Tenderly’s co-founder said <a href="https://blog.ethereum.org/2024/02/27/dencun-mainnet-announcement" target="_blank" rel="noopener noreferrer nofollow">Ethereum’s Dencun</a> will incentivize these rollups to launch even more general-purpose and application-specific chains to cater to different types of users. This seamless tooling portability, made cheaper by tackling throughput cost via Dencun, will be important to web2 companies as defi onboards more traditional firms en masse, according to Urosevic.
<h2 class="wp-block-heading" id="improving-developer-infrastructure-for-widespread-adoption">Improving developer infrastructure for widespread adoption&nbsp;</h2>
Tenderly’s SVP remarked that evolving multichain ecosystems will ultimately foster additional levels of complexity. However, the software veteran said providing web3 developers with standardized tools and practices while lowering the entry barrier for web2 builders could facilitate a frictionless community for innovators.&nbsp;
Should Dencun deliver on its promises, this solution would become easier to realize, Urosevic suggested.&nbsp;
<blockquote class="wp-block-quote">
 Enabling the growth and development of the blockchain industry at a larger scale starts with supporting the ones building it. Ensuring a seamless experience for Web3 developers and equipping them with essential tools and infrastructure is a prerequisite for further innovation <cite>Nebojsa Urosevic, Tenderly’s co-founder and SVP</cite>
</blockquote>
Read more: <a href="https://crypto.news/ethereum-dencun-crypto-execs/" rel="noopener noreferrer nofollow"> Ethereum Dencun upgrade sparks divergent opinions from crypto execs </a>

Ethereum’s Dencun upgrade vital to network’s future

Table of Contents

crypto.news

Other articles published on Mar 12, 2024

Raffle Coin (RAFF) Mania Continues: Tether (USDT) & Bitcoin Cash (BCH) Bulls Targeting a 50X Surg...

Avalanche (AVAX) Launches Major Durango Update; Fetch.ai (FET) Explodes; InQubeta (QUBE) Blasts P...

USDT Staking Rewards, A $250K Giveaway, and More In Scorpion Casino’s (SCORP) Innovative Casino E...

Surge In Limited Raffle Coin (RAFF) Sees Ethereum (ETH) & Bitcoin (BTC) Holders Go Wild for Predi...

Garlinghouse Highlights Real-World Utility as Essential for Cryptocurrency's Legitimacy

Kava, Polygon, Ravencoin: Analysts Eye Significant Upside Potential

Join our free newsletter for daily crypto updates!