Experts are not convinced that Dencun is on the way, even though Ethereum developers have been moving closer to shipping it. upgrade Will deliver on its commitments
Dencun will be deployed on Ethereum mainnet in a few days. Two industry veterans offer their differing views regarding its impact. upgrade Ether is soaring in price (ETH) prices.
The crypto market and the hype pushed ETH reaches another two-year peak, with the crypto crossing $4,000 for first time since the end of 2021, when the previous bull market was at its height.
Wormhole expert Core DAO on Ethereum upgrade
Ethereum developers have stated that Dencun Expanded data availability will be implemented for layer-2 solutions such as Arbitrum and Optimism. Gas fees can be reduced while transaction capacities are improved.
Rich Rines, a Core DAO original contributor and crypto.news’s statement recipient, said that the focus on Ethereum L2 could lead to unexpected issues with liquidity and fragmentation on the chain.
Although this will increase TPS for the entire network, there are still questions about its long-term effectiveness. A reliance on Layer 2s that is too high could result in a fragmented ecosystem, and a loss of liquidity as the activity shifts away from base layer. Layer 2s could also be based on more trust assumptions, and may have a less-than-optimal effect on the base level if transaction fees and other fees are being taken away from it.
Rich Rines Core DAO Initial Contributor
Rines stated that Dencun should be closely watched after deployment. expected By March 13 barring unexpected delays. Core DAO contributor said that questions could arise as to whether the upgradeThe goal of’s was correct from the start.
On the other side, Wormhole Foundation co-founder Robin Burkey, CCO and Foundation Co-Founder, views Dencun with optimism and expects the upgrade To herald an increase in the number of cross-chain assets transfers.
Dencun upgrade This is a very positive development in the crypto-space. This is a positive development for the crypto space. upgrade This will improve Ethereum’s security and scalability, which is good for defi. This will lead to cheaper and easier transactions and asset movements on Ethereum.
Robin Burkey is the co-founder of Wormhole Foundation and CCO.
Burkey stated that the Dencun upgrade Defi will be used more, it will be accessible, and the decentralized ecosystem’s biggest decentralized network should become more dynamic as lower fees encourage a greater level of participation.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: crypto.news