Listen to the episode on <a href="https://podcasts.apple.com/us/podcast/unchained/id1123922160">Apple Podcasts</a>,<a href="https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf"> Spotify</a>,<a href="https://overcast.fm/itunes1123922160/unchained"> </a><a href="https://fountain.fm/show/XCVXRPNvY3wLrlMHwAMs">Fountain</a>, <a href="https://overcast.fm/itunes1123922160/unchained">Overcast</a>,<a href="https://podcastaddict.com/podcast/4129535"> Podcast Addict</a>,<a href="https://pca.st/podcast/bb16e6b0-1469-0134-a447-13e6b3913b15"> Pocket Casts</a>,<a href="https://www.stitcher.com/podcast/forbes-podcast-network/unchained-big-ideas-from-the-worlds-of-blockchain-and-fintech"> </a><a href="https://castbox.fm/channel/Unchained-id1370321">Castbox</a>,<a href="https://www.google.com/podcasts?feed=aHR0cDovL3VuY2hhaW5lZC5saWJzeW4uY29tL3VuY2hhaW5lZA%3D%3D"> Google Podcasts</a>, <a href="https://music.amazon.com/podcasts/f5ec630d-4dfa-4e73-baca-3f5062927c55/unchained?refMarker=null">Amazon Music</a>, or on your favorite podcast platform.Ethereum’s long-awaited Dencun upgrade finally went live this week, and many L2s immediately saw their transaction fees <a href="https://unchainedcrypto.com/dencun-day-one-ethereum-layer-2-networks-see-drastic-drop-in-transaction-fees/">fall dramatically</a>, as was the intention. Among them was the Coinbase-incubated Base, which was created by Jesse Pollak. Pollak joined Unchained to discuss the impact Dencun was having on Base; how he thinks Layer 1s and Layer 2s will start to differ from one another and eventually spawn a multitude of specialized Layer 3s; his response to criticisms of the increasing use of Layer 2s, what he’s focusing on now, and why he supports using the word “onchain” over “crypto” or “web3.” Show highlights:<ul>
<li>The problem that Dencun is trying to solve</li>
<li>The benefits of blobs and blobspace</li>
<li>How Dencun has already reduced Base’s fees, but also increased its transactions</li>
<li>How Jesse thinks Layer 1s and Layer 2s will start to become differentiated from each other</li>
<li>The rise of Layer 3s</li>
<li>How Jesse addresses criticisms of fragmentation and centralization arising from the increasing use of Layer 2s</li>
<li>Why Jesse is particularly excited about two features of the Dencun upgrade—transient storage and increased composability between L1s and L2s</li>
<li>What Jesse and the Base team are focusing on now</li>
<li>Why Jesse thinks that “onchain” is a better word to describe the industry than “crypto” or “blockchain” or “web3” </li>
</ul><h3>Thank you to our sponsors!</h3><ul>
<li><a href="https://www.itrustcapital.com/">iTrustCapital</a></li>
<li><a href="https://polkadot.network/ecosystem/community/">Polkadot</a></li>
<li><a href="http://smarter.uniswap.org/?utm_medium=podcast&utm_source=unchained&utm_campaign=swap-smarter">Uniswap</a></li>
</ul><h3>Guest</h3><ul><li>
<a href="https://twitter.com/jessepollak">Jesse Pollak</a>, creator of Base at Coinbase</li></ul>Previous appearances:<ul><li>The Chopping Block: All About That Base With Jesse Pollak </li></ul><h3>Links</h3>Recent coverage on Unchained of the Dencun Upgrade and Base: <ul>
<li><a href="https://unchainedcrypto.com/dencun-day-one-ethereum-layer-2-networks-see-drastic-drop-in-transaction-fees/">Dencun Day One: Ethereum Layer 2 Networks See Drastic Drop in Transaction Fees</a></li>
<li><a href="https://unchainedcrypto.com/ethereum-completes-milestone-dencun-upgrade-which-should-substantially-reduce-fees/">Ethereum Completes Milestone Dencun Upgrade, Which Should Substantially Reduce Fees</a></li>
<li><a href="https://unchainedcrypto.com/how-much-will-the-dencun-upgrade-really-reduce-ethereum-layer-2-fees-by/">How Much Will the Dencun Upgrade Really Reduce Ethereum Layer 2 Fees By?</a></li>
<li><a href="https://unchainedcrypto.com/why-bases-creator-thinks-social-apps-will-be-a-huge-part-of-the-layer-2-blockchains-success/">Why Base’s Creator Thinks Social Apps Will Be a ‘Huge Part’ of the Layer 2 Blockchain’s Success</a></li>
</ul>CoinDesk:<ul><li><a href="https://www.coindesk.com/tech/2024/03/13/debating-dencun-will-ethereums-big-update-help-or-harm-the-network/#:~:text=While%20many%20developers%20are%20celebrating,come%20back%20to%20bite%20it.">Debating Dencun: Will Ethereum's Big Update Help or Harm the Network?</a></li></ul>Jesse’s tweets on Dencun<ul>
<li>
<a href="https://twitter.com/jessepollak/status/1537839303740489728">October 2022</a> </li>
<li><a href="https://twitter.com/jessepollak/status/1750599378786771421">January 2024</a></li>
<li>
<a href="https://twitter.com/jessepollak/status/1768071129854562698">March 13, 2024</a> </li>
</ul>Blobs / Proto-danksharding<ul>
<li><a href="https://www.eip4844.com/">EIP-4844 proposal</a></li>
<li>
<a href="https://www.theblock.co/post/282236/ethereum-dencun-upgrade-blobs">Blobs unleashed: Ethereum’s Dencun upgrade activates on mainnet</a> </li>
<li>
<a href="https://www.theblock.co/post/281258/base-to-support-eip-4844-from-day-1-following-dencun-upgrade?utm_source=rss&utm_medium=rss">Base says it will support EIP-4844 from 'day 1' following Dencun upgrade</a> </li>
<li><a href="https://cointelegraph.com/news/ethereum-fans-use-dencun-blobs-upload-bee-movie-mainnet">Ethereum stans are putting the Bee Movie on blobs for as little as $5</a></li>
</ul>Superchain<ul>
<li>
<a href="https://base.mirror.xyz/H_KPwV31M7OJT-THUnU7wYjOF16Sy7aWvaEr5cgHi8I">Decentralizing Base with the OP Stack and Optimism</a> </li>
<li>
<a href="https://base.mirror.xyz/aBwt4flT1WAKJGQTj2AXBpH_8Qd3umQ-ZECLAJoO_nE">Base’s Commitment to Decentralization with the Superchain</a> </li>
</ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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How Ethereum’s Dencun Upgrade Could Lead to the Rise of Millions of Layer 3s - Ep. 620

Unchained