Nebojsa Urosevic, Co-Founder and SVP of Tenderly, emphasized the importance of Ethereum’s adaptation to handle increasing transaction volumes without imposing exorbitant fees, especially as global adoption surges.
The impending implementation of the Dencun upgrade for Ethereum promises significant enhancements to the blockchain’s base layer, aiming to boost network throughput and reduce transaction costs through proto-danksharding technology.
Dencun’s introduction will expand data capacity for Layer 2 (L2) solutions like Optimism by enabling access to blobs. With a decade of experience in software engineering and expertise in developing a custom scalable Ethereum Virtual Machine (EVM) at Tenderly, Urosevic views this upgrade as pivotal for the future of decentralized finance (DeFi) and crucial in removing barriers to entry for new users.
Recognizing Ethereum’s limitations in infinite scalability due to the blockchain trilemma, Urosevic advocates for layered multichain solutions as a viable long-term scalability strategy. He believes Dencun will incentivize rollups to launch additional general-purpose and application-specific chains, catering to diverse user needs. This enhanced tooling portability, facilitated by reduced throughput costs with Dencun, is essential for onboarding traditional firms into DeFi, according to Urosevic.
Urosevic also highlights the importance of improving developer infrastructure to facilitate widespread adoption. While acknowledging the potential complexity of evolving multichain ecosystems, he stresses the significance of providing web3 developers with standardized tools and practices. Lowering the entry barrier for web2 builders could create a seamless environment for innovation within the community.
Should Dencun deliver on its promises, Urosevic anticipates a smoother realization of these solutions.