The imminent arrival of the Dencun update on Ethereum, an innovation that promises to revolutionize the ecosystem with significantly reduced gas fees and faster transactions.

The Dencun update, which made its debut on the Goerli testnet on January 17, brings a series of technically advanced improvements. Among them, the implementation of proto-danksharding, a facet of EIP-4844, which aims to drastically reduce layer 2 (L2) transaction fees, potentially between 80% and 90%, stands out.

In addition to proto-danksharding, Dencun encompasses significant changes to Ethereum’s consensus and execution layers, including nine distinct Ethereum Improvement Proposals (EIPs). These improvements include transient storage (EIP-1153), Beacon block root integration into EVM (EIP-4788), and Shard Blob transactions (EIP-4844), all of which are essential in pushing Ethereum towards a more efficient structure. and economical.

Dencun’s journey, however, has not been without its challenges. During the Goerli testnet activation, there was a four-hour delay due to a bug in the Prysm proof-of-stake client. Nebojsa Urosevic, co-founder of Ethereum development platform Tenderly, clarified that synchronization delays are common, but highlighted that they can be quickly corrected due to the diversity of clients and testnets available.

Despite this setback, Ethereum core developers remain committed to the launch schedule on the Sepolia and Holesky testnets, scheduled for January 30 and February 7, 2024, respectively.

Once successfully completed, mainnet activation will be scheduled, with an expected 60% probability of occurring by the end of March, as stated by Christine Kim, vice president of the Galaxy Digital research team.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.


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