Ethereum

Bitcoin ETF

EthereumPoW

Foundation

<p class="is-style-lead">Ethereum Foundation Developers set tentative dates for a major upgrade to scale crypto’s biggest altcoin blockchain.&nbsp;</p> 
<p>During a biweekly call, developers <a href="https://www.youtube.com/watch?v=7amkZxKobX4" target="_blank" rel="noreferrer noopener">disclosed</a> that Jan. 17 is a possible date for testing the Dencun upgrade on Goerli’s testnet. Dencun was delayed past Q4 2023 due to technical difficulties building its code.</p> 
<p>The upgrade, known as EIP-4844,&nbsp; aims to increase blockchain space for data blobs and slash layer-2 rollup fees by activating proto-danksharding. This data storage expansion should scale Ethereum’s blockchain, enabling more transaction capacity without hiking gas fees.</p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="Execution Layer Meeting 177 [2023-12-21]" width="1020" height="765" src="https://www.youtube.com/embed/7amkZxKobX4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p> You might also like: <a href="https://crypto.news/ethereums-dominance-to-persist-despite-solanas-investor-appeal-coinbase-says/"> Ethereum’s dominance to persist despite Solana’s investor appeal, Coinbase says </a> </p> 
<p>Barring any disruption and assuming Dencun successfully tests on Goerli, devs <a href="https://twitter.com/TimBeiko/status/1737898818488926282" target="_blank" rel="noreferrer noopener">plan</a> to upgrade Sepolia’s testnet by Jan. 31 and Holesky’s network by Feb. 7. These forks represent the largest test chains on Ethereum.&nbsp;</p> 
<p>The final soft target for shipping Dencun to the mainnet was set for February’s end, however, this timeline is subject to change depending on developments. Dencun marks the first major technological upgrade since developers added withdrawal support for staked Ether (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) through Shapella’s <a href="https://crypto.news/staked-eth-crosses-20m-mark-one-month-after-shapella-upgrade/" target="_blank" rel="noreferrer noopener">update</a>.&nbsp;</p> 
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   https://twitter.com/TimBeiko/status/1737898818488926282 
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<p>In related news, the EthereumPoW network has moved toward complete autonomy by disbanding its core development team. This initiative was formed in 2022, shortly before ETH’s blockchain transitioned from a proof-of-work model to proof-of-stake.&nbsp;</p> 
<p>Regarding ETH market performance for 2024, JPMorgan analysts believe the asset will <a href="https://crypto.news/bloomberg-expert-bitcoin-etf-approvals-anticipated-in-january-ethereum-in-unique-position/" target="_blank" rel="noreferrer noopener">reclaim</a> market share from Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) and likely outclass most large-cap native blockchain tokens. An approved spot ETH ETF could also signal billions of dollars into defi’s leading chain.</p> 
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  Ethereum price on Dec. 21 | Source: CoinMarketCap
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<p> Read more: <a href="https://crypto.news/bloomberg-expert-bitcoin-etf-approvals-anticipated-in-january-ethereum-in-unique-position/"> Bloomberg expert: Bitcoin ETF approvals anticipated in January; Ethereum in unique position </a> </p>

Ethereum devs eye January for Dencun testing

crypto.news

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