Follow us on:

cc_icon

Post: Proto-Danksharding and Blobs: Ethereum’s Dencun Upgrade Targets Cheaper Transactions on Layer-2s

Proto-Danksharding and Blobs: Ethereum’s Dencun Upgrade Targets Cheaper Transactions on Layer-2s

Key Points:

  • The Dencun upgrade is scheduled to launch on the Ethereum mainnet on March 13.
  • The upgrade will introduce proto-danksharding and blobs to drive down transaction costs on Ethereum layer-2s.
  • The hard fork is set to take place at approximately slot 8626176 on the Ethereum network.
  • Ethereum co-creator, Vitalik Buterin, has emphasized the need for scaling infrastructure to make transactions cheap.

Proto-Danksharding and Blobs Target Cheaper Transactions on Ethereum Layer-2s

The Dencun upgrade on the Ethereum mainnet is set to launch on March 13 and aims to reduce transaction costs on Ethereum layer-2s. The upgrade introduces proto-danksharding and blobs, which are additional features designed to optimize block space and enable cheaper transactions. By implementing these improvements, Ethereum hopes to enhance its scaling infrastructure and address concerns raised by co-creator Vitalik Buterin regarding transaction costs.

Dencun Upgrade Scheduled for Ethereum Mainnet on March 13

Nethermind, an Ethereum infrastructure firm, disclosed the launch schedule for the Dencun upgrade. The hard fork is slated to occur at 13:55:35 pm UTC, specifically at slot 8626176 on the Ethereum network. This upgrade signifies an important step toward improving Ethereum’s scalability and reducing the cost of transactions.

Vitalik Buterin Stresses the Importance of Cheap Transactions

Vitalik Buterin, one of Ethereum’s creators, has emphasized that the success of Ethereum depends on having scalable infrastructure to ensure cheap transactions. By reducing the transaction costs on Ethereum layer-2s through the Dencun upgrade, Ethereum aims to make it more accessible and sustainable for users, developers, and businesses.

Hot Take:

The Dencun upgrade’s introduction of proto-danksharding and blobs on the Ethereum mainnet is a significant step toward improving the platform’s scalability and reducing transaction costs. By addressing Vitalik Buterin’s concerns about the need for cheap transactions, Ethereum aims to make its network more efficient and widely adopted. This upgrade could have a positive impact on the usability and sustainability of Ethereum, attracting more users and developers to the ecosystem.

Recent Posts
Social Media
Twitter
Email
Telegram
Facebook
Offers
CheekyCrypto Membership Platform
Hardware Wallets
Bitget
Swissborg
Plutus Card