The Ethereum Network is Preparing for the Dencun Upgrade
The Ethereum network is gearing up for the Dencun upgrade, which is scheduled to take place on Mar. 13. This upgrade aims to enhance the functionality and scalability of the network.
Introducing Proto-Danksharding with EIP-4844
The Dencun upgrade will introduce the proto-danksharding feature with EIP-4844. This feature brings blob transactions and transient storage to improve Ethereum’s support for Layer 2 networks like zkSync, Optimism, and Arbitrum. It allows for more transaction data without increasing block processing times.
Addressing Data Storage Needs
By incorporating “data blobs” through EIP-4844, Ethereum is taking a significant step towards addressing data storage needs. This enables the inclusion of additional data in Ethereum transactions.
Thorough Testing on Testnets
The Dencun upgrade has undergone thorough testing on various testnets, including Goerli, Sepolia, and Holesky. These test deployments ensure that the upgrade is ready for deployment on the main network.
Rise in ETH Price
Ethereum’s price has experienced a notable increase of 6.44% in the past week, bringing it to $2,425.38 per ETH.
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