Ethereum’s Dencun is coming, and if you’re looking for the most digestible rundown, then here it is: 🧵 (1/7)

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(3/7) Why it’s big: introducing blobs in Dencun upgrade can mean exponentially cheaper gas on Ethereum Layer 2s. 

Imagine transactions that cost almost zero $$$, but with the same security.

(4/7) It is a nod to Ethereum’s modular roadmap, where the user’s day-to-day transactions are encouraged to be made in the rollups instead of in Ethereum mainnet.

(5/7) Post Dencun, Layer 2 gas may be negligible to a point where even data-rich, giant Web2 companies may consider bringing some processes to the blockchain.

(6/7) Do you think Dencun will change Web3 user experience for Ethereum users? Or nah? Let us know in the comments! 👇

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(2/7) Dencun represents a significant advancement primarily for Layer 2 rollups and consequently unburdens Ethereum mainnet. 

This upgrade introduces the concept of 'blobs'—a specialized storage that allows rollups to append data to Ethereum blocks more cost-effectively.