Ethereum Developers Delay Dencun Upgrade
Ethereum client developers have announced that they will not be implementing the Dencun upgrade before the end of the year. This decision was made due to disagreements between the developer clients for the consensus layer and the execution layer. The delay in these developments could potentially impact the price of Ethereum.
Consensus Issues Cause Delays
Last month, the Ethereum developers launched the Holešky testnet behind schedule, and it was unlikely that thorough testing would be completed by December. During a recent All Core Developers call, consensus seemed to align with the viewpoint of Prysm developer Potuz, who stated that implementing a mainnet fork in 2023 was not feasible. He highlighted persistent consensus issues on the devnets established to test the upgrade, with none of them going smoothly.
Differences Between Execution and Consensus Layers
Ethereum clients are divided into two primary categories: those responsible for the execution layer and those managing the consensus layer. While the execution layer client teams reported being well-prepared for upcoming testnets, the consensus teams expressed reservations about a full client fork on Goerli.
About the Ethereum Dencun Upgrade
The Dencun upgrade utilizes advanced cryptography techniques to ensure the security of the Ethereum scaling improvement called Proto-Danksharding. The KZG Ceremony involved multiple participants contributing secrets and performing computations to create a “structured reference string” (SRS), which is integral to Proto-Danksharding. A total of 141,416 participants contributed to this collaborative effort. Meanwhile, Ethereum scaling project Scroll has been performing well in DeFi TVL, surpassing $15 million.
Hot Take: Delays in Dencun Upgrade Raise Concerns for Ethereum
The decision to delay the implementation of the Dencun upgrade has raised concerns within the Ethereum community. Disagreements between developer clients for the consensus and execution layers have led to persistent consensus issues, making it unlikely that thorough testing will be completed by the end of the year. This delay could put additional pressure on the Ethereum price, as investors and users await the scaling improvements promised by the upgrade. It remains to be seen how these issues will be resolved and when the upgrade will ultimately be implemented.
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