Ethereum next upgrade Dencun, mainnet launch on March 13th

Implementing Dencun on mainnet

At an online meeting on the 8th, the core development team of the crypto asset (virtual currency) Ethereum (ETH) decided on the launch goal of the next upgrade, “Dencun'', on the mainnet.

Ethereum FoundationTim BeikoAccording to him, the slot number to launch Dencun on this mainnet is 8626176, and it will be executed on March 13th at around 23:00 pm.

The biggest feature of the “Dencun” upgrade is the introduction of EIP-4844 (Protodunk Sharding). This is expected to significantly improve the communication efficiency of the rollup technology used by Layer 2 scaling solutions.

Data from L2 can now be temporarily stored in a format called a “blob,” which is expected to improve the cost efficiency of data processing while maintaining the ability to confirm data (availability).

In particular, it is expected to lead to a reduction in network fees (gas fees) on layer 2 rollup chains. According to a report released by Coinbase, a major US exchange, at the end of 2023, Proto Danksharding will reduce the transaction fees for layer 2, including Optimism (OP) and Arbitrum (ARB), from 1/2 to 1/10. It is estimated that there is a possibility of reduction.

connection:What are the importance and benefits of Ethereum's next upgrade “Dencun”?

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