Ethereum

Wednesday

Bank AI

Standard

<div class="coinjournal">
 <ul>
 <li dir="ltr">Ethereum core developers activated Dencun upgrade on Holesky testnet on February 7, 2024.</li>
 <li dir="ltr">Holesky is the final testnet before mainnet deployment.</li>
 <li dir="ltr">ETH price rose slightly on Wednesday morning to trade above $2,370.</li>
 </ul>
 Ethereum has activated the Dencun <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> on the Holesky <a rel="noopener noreferrer nofollow" title="testnet" href="https://thebittimes.com/tag/testnet.html">testnet</a>, going live approximately 6:35 am ET on Wednesday, February 7.
 Nethermind, an Ethereum execution client, confirmed Dencun’s deployment on the Holesky testnet.
 
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 Holesky 🤝&nbsp;blobs Dencun is live on the Holesky <a rel="noopener noreferrer nofollow" title="testnet" href="https://thebittimes.com/tag/testnet.html">testnet</a>! N<a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>ermind nodes are green 🟢
 Mainnet, you’re next 🔜 pic.twitter.com/ZoQqxX4jnb
 — Nethermind (@NethermindEth) February 7, 2024
 </blockquote>
 
 With this milestone, Ethereum has moved closer to proto-danksharding (EIP-4844), which targets network improvements on the execution and consensus layers. &nbsp;
 EIP-4844, with blobs of data processing, targets scaling the network and lowering transaction costs for ETH dApps. It’s a significant development that could potentially boost the network and Layer 2 Rollup chains.
 The implementation is the final <a rel="noopener noreferrer nofollow" title="testnet" href="https://thebittimes.com/tag/testnet.html">testnet</a> before the mainnet activation and comes after the deployment on the Goerli and Sepolia <a rel="noopener noreferrer nofollow" title="testnet" href="https://thebittimes.com/tag/testnet.html">testnet</a>s on January 17 and January 30, 2024 respectively. The date for mainnet activation for Dencun will be announced after a core devs call later today.
 <h2 dir="ltr" id="ethereum-price">Ethereum price</h2>
 ETH price reacted slightly upward following the successful activation of Dencun on Holesky.&nbsp;
 At the time of writing, the cryptocurrency traded near $2,370, about 2% up in the past 24 hours. ETH has been ranged since the breakdown from highs near $2,700 in January.
 However, analysts are bullish on Ethereum price as crypto eyes solid upside momentum in the next 12-24 months. Recently, analysts at Standard Chartered Bank said ETH could rally to $4,000 in May, with the spot Ethereum ETF approval one of the key tailwinds.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-s-dencun-upgrade-deploys-on-holesky-testnet-tbt79165.html">https://thebittimes.com/ethereum-s-dencun-upgrade-deploys-on-holesky-testnet-tbt79165.html</a>

Ethereum’s Dencun upgrade deploys on Holesky testnet

Table of Contents

TheBitTimes

Other articles published on Feb 7, 2024

Bitcoin Miners Adjust Holdings as Prices Fluctuate

South Korea’s new life imprisonment bill for crypto criminals

Skyline Digital makes TradFi accessible on Web3

Jack Dorsey’s Decentralized Social Media Bluesky Removes Invite-Only Restrictions

3 Bargain Altcoins To Buy On February 7: XRP, Shiba Inu Coin (SHIB), Terra Classic (LUNC)

Ripple Seeks Deadline Extension After Court Upheld the SEC’s Remedies Discovery Request

Join our free newsletter for daily crypto updates!