Ethereum’s status as an ultrasound money system becomes increasingly questionable as the days go by, especially as its supply keeps increasing at a high rate.
In mid-March, Ethereum underwent another upgrade that reduced the transaction fees of its layer-2 networks by roughly 4x and enhanced the blockchain’s scalability by expanding its capacity. DencunWith blobs, layer-2 solutions like Arbitrum, Optimism, and Polygon became able to submit transaction data to Ethereum for collective settlement within a dedicated blobspace without additional expenses.
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