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“Dencun” to be tested sequentially
The core developers of the crypto asset (virtual currency) Ethereum (ETH) held a meeting on the 5th to discuss the future schedule. As planned, the next upgrade “Dencun” will be implemented on three testnets as follows.
The implementation dates for testnets “Sepolia” and “Holesky” are still tentative.
- Goerli: January 17th
- Sepolia: January 30th (tentative)
- Holesky: February 7th (tentative)
The next major upgrade, “Dencun”, is attracting attention to the implementation of a function called “Proto Dunk Sharding”. This is said to make it possible to reduce L2 (layer 2) transaction fees by up to 1/100.
connection: Ethereum’s next upgrade “Dencun” will be implemented around the end of February 2024
What is L2?
Abbreviation for “Layer 2”, which refers to the “second layer” network. If all transactions are processed on the main chain, the load will be heavy, leading to a decrease in processing speed and a rise in network fees. By performing some transactions on L2, it is expected that the load on the main chain will be reduced and processing speed will be improved.
Virtual currency glossary
connection: “Ethereum is expected to outperform Bitcoin’s growth rate” JP Morgan forecast for next year
Upgrades after the end of 2024
The developers also discussed upgrades that will follow after “Dencun.”
This upgrade is currently scheduled to be named the Prague-Electra, or “Pralectra” upgrade for short. It is possible that it will be implemented from the end of 2024 to 2025.
The content is still under discussion. The main question is whether to prioritize implementing a series of small feature-focused Ethereum Improvement Proposals (EIPs) or upgrading the protocol to introduce “Burkle Trees” in the execution layer. It is the focus.
The “Burkle tree” is a type of data structure that handles large-scale data, and is an evolution of the “Merkle tree” currently in use. By using less space, BurkleTree speeds up transaction validation and allows the network to process more transactions.
However, Burkle Tree could take more than 18 months to implement. Some are concerned that the time it takes is too long in the rapidly evolving cryptocurrency sector.
Guillaume Ballet of the Ethereum Foundation opined that “Burkle Tree” is comparable to past large upgrades “Merge” in terms of complexity, and that it is difficult to release other features at the same time on the execution layer side. There is.
connection: Ethereum’s 2024 roadmap shared by co-founder Buterin
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