Ethereum Dencun Upgrade Set for March 13 Launch
The Ethereum Foundation confirmed Tuesday that the long-anticipated Dencun network upgrade has successfully completed all testing phases.
The announcement also stated that it will officially launch on the Ethereum mainnet at epoch 269568 on March 13th.
Dencun’s mainnet activation will occur at approximately 13:55 UTC next month. Additionally, the upgrade will introduce key scaling improvements to boost transaction efficiency and reduce fees for users.
Key Details:
- Dencun upgrade to launch on March 13th, 2024, at 13:55 UTC
- Epoch 269568 was selected for mainnet activation.
- All testnets were completed successfully, and nodes were updated for compatibility.
- Will introduce proto-danksharding and data blobs to aid scaling.
Read more: Sam Bankman-Fried Continues Legal Fight, Hires Ex-Trump Lawyer
The crucial network enhancement has undergone extensive testing on the likes of the Goerli and Sepolia testnets after originally being conceived at the 2022 ETH Denver conference two years ago.
With testing and audits now cleared, node operators have around two weeks to update clients before the epoch timestamp triggers Dencun on Ethereum’s proof-of-stake beacon chain.
What does Ethereum Dencun Bring?
- Allows rollups to add time-expiring data blobs.
- Improves rollup cost efficiency to reduce user fees
- Key steps on the path toward greater scalability
- The name combines “Deneb” star and Cancun devcon city.
At its core, Dencun introduces an early iteration of sharding technology called ‘proto-danksharding.’ Furthermore, this enables rollup providers to append non-EVM data to the beacon chain in the form of blobs.
By offloading the storage of unimportant data off-chain, transaction fees can be reduced significantly. Additionally, this will improve scalability and usability for dapps built atop rollup-centric layer 2 solutions.
Read more: MicroStrategy Price Target Set At $990 On Bitcoin Growth Forecast
The long road to realization underscores Dencun’s importance in booting Ethereum’s ability to handle higher transaction volumes at a lower cost to users.
The announcement comes at a time when ETH has made notable gains in the last few days. In addition, according to the latest data, ETH is trading at $3,239, up by 11% in the last seven days and 43% in the last 30 days.
