April 19, 2024
Dencun Upgrade Ethereum Gears Up for Mainnet Boost with Proto-Dank Sharding
Altcoins News

Dencun Upgrade: Ethereum Gears Up for Mainnet Boost with Proto-Dank Sharding

The Dencun upgrade, as detailed in a blog post from the Ethereum Foundation on January 24, encompasses substantial changes to Ethereum’s consensus and execution layers. Following the Shapella upgrade of April 12, 2023, which permitted the unstaking of Ether and was recognized as a crucial update for attracting institutional investors to Ethereum, the upcoming Dencun upgrade is poised to further enhance the platform.

Beiko mentioned during the All Core Developers Call (ACDC) that assuming all checks out, the mainnet fork time for the upgrade will be decided in the upcoming ACDC call scheduled for late next week.

Christine Kim, the Vice President of Research at Galaxy Digital, estimated an 80% likelihood of Dencun mainnet activation by the end of March. She also acknowledged the possibility of a live Dencun by the end of February, albeit with odds closer to 40%.

On January 17, the Dencun network upgrade was implemented on the Goerli testnet, introducing several Ethereum Improvement Proposals (EIPs), including EIP-4844. This proposal facilitates proto-dank sharding, a highly anticipated enhancement expected to significantly reduce transaction fees on Ethereum layer-2s.

Proto-dank sharding focuses on cost reduction for rollups, which typically process transactions and data off-chain, submitting computational proof to the Ethereum blockchain. It achieves this by introducing “blobs,” a new compartmentalized container for data, making data availability more cost-effective.

Image by Miloslav Hamřík from Pixabay

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