The following is a guest post by Rob Viglione, CEO of Horizen Labs.
In the past year, there have been some major milestones along the Ethereum roadmap that have leveled up the network. EIP-4844 (aka Dencun) introduced blobs and proto-danksharding, making data storage an order of magnitude cheaper for Layer 2s and resulting in far lower transaction fees.
Meanwhile, Layer 2s (mostly of the optimistic variety) have become more integrated and widely used in applications, making it possible to transact for less than a penny, and improving on Ethereum’s fundamental infrastructure.
However, as anyone who has paid attention to gas fees will know, there is still too much congestion on Ethereum, and as the real-world usage of blockchains grows, more and more dApps will be competing for block space and computation.
It doesn’t take an engineer or cryptographer to know that this is unsustainable. We’ve seen what happens when Ethereum gets too congested. In some particularly high-surge m
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