Ethereum

2024

<a href="https://crypto.news/tag/Ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> developers have successfully deployed the Dencun update to the Sepolia testnet.
The hard fork includes several tools that are designed to reduce fees on the Ethereum blockchain, while additionally providing new opportunities for bridges and stabilization funds.
This was not the first attempt to deploy the update to the test network, however, as developers did not provide launch details, but noted that Sepolia has been updated to Dencun.
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 Sepolia has finalized! 🎉 Sorry for an uneventful upgrade😄 <a href="https://t.co/86HXWRGO7a" target="_blank" rel="noopener noreferrer nofollow">https://t.co/86HXWRGO7a</a>— terence.eth (@terencechain) <a href="https://twitter.com/terencechain/status/1752467786050511119?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 30, 2024</a>
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Dencun is also implementing proposal&nbsp;EIP-4844, known as “proto-danksharding.” It is designed to scale the network by creating a new transaction type to store more data. The developers expect that the update will reduce transaction fees in second-level (L2) networks based on roll-up technology.
You might also like: <a href="https://crypto.news/speed-vs-decentralization-could-l2-solutions-undermine-cryptocurrency-core-ethos/" rel="noopener noreferrer nofollow"> Speed vs decentralization: could L2 solutions undermine cryptocurrency core ethos? </a>
To further reduce fees and increase transparency, proposals EIP-1153 and EIP-4788 are provided, which are also included in the upcoming hard fork.
However, the previous launch attempt was unsuccessful. On Jan. 17, ETH developers <a href="https://crypto.news/dencun-upgrade-goes-live-on-ethereums-goerli-testnet/" target="_blank" rel="noopener noreferrer nofollow">launched</a> the Dencun hard fork on the Goerli testnet. However, the update could not be completed due to the synchronization of validators, with approximately one fifth of operators not having updated software.
Initially, on Dec. 22, 2023 the Ethereum team announced that they were going to update Dencun on the Goerli testnet.
The update was initially launched on the Goerli test network, then deployed to Sepolia and Holesky within two weeks. If all stages are successful, <a href="https://crypto.news/ethereums-dencun-upgrade-eip-7514-and-its-impact-on-eth-price/" target="_blank" rel="noopener noreferrer nofollow">Dencun</a> will appear on the mainnet in February 2024.
You might also like: <a href="https://crypto.news/ethereums-dencun-upgrade-the-next-major-step-in-scalability/" rel="noopener noreferrer nofollow"> Ethereum’s Dencun upgrade: the next major step in scalability </a>

Ethereum developers deploy Dencun update to Sepolia testnet

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