Ethereum

2024

when

<p class="is-style-lead">Ethereum announced that its Dencun upgrade has been successfully activated on all testnets and will be deployed on the Ethereum mainnet on Mar. 13th.</p> 
<p>The <a href="https://blog.ethereum.org/2024/02/27/dencun-mainnet-announcement" target="_blank" rel="noopener">Dencun upgrade</a> introduces several enhancements to improve the network’s efficiency and scalability, the most notable being the implementation of EIP-4844, colloquially known as protodanksharding. EIP-4844 represents a groundbreaking advancement in Ethereum’s ongoing scalability efforts, introducing ephemeral data blobs poised to reduce Layer 2 (L2) transaction fees significantly.&nbsp;</p> 
<p>In simple terms, EIP-4844 is like adding extra lanes to a busy highway. Ethereum can get crowded, making it expensive and slow to use when many people attempt to make transactions simultaneously. By adding data blobs, the <a href="https://crypto.news/binance-chain-vs-ethereum-who-is-winning-the-dapp-race/">network</a> can handle more traffic smoothly, reducing users’ costs and wait time.</p> 
<p> You might also like: <a href="https://crypto.news/binance-chain-vs-ethereum-who-is-winning-the-dapp-race/"> BNB Chain vs. Ethereum: who is winning the dapp race? </a> </p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Blobs are coming .oO <br><br>Dencun is scheduled for mainnet activation at epoch 29696, occurring March 13 at 13:55 UTC. See the announcement below for client release versions and other useful info about the upgrade 🤖<a href="https://t.co/9Wa3Y5M5k4" target="_blank">https://t.co/9Wa3Y5M5k4</a></p>— timbeiko.eth ☀️ (@TimBeiko) <a href="https://twitter.com/TimBeiko/status/1762492163869614411?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Introducing ephemeral data blobs is a critical step forward in Ethereum’s scalability <a href="https://ethereum.org/roadmap" target="_blank" rel="noopener">roadmap</a>, offering a solution that enhances current network performance and lays the groundwork for future upgrades. This strategic move aligns with Ethereum’s aim to create a more accessible, sustainable, and user-friendly blockchain ecosystem.</p> 
<p>ETH has experienced a <a href="https://crypto.news/ethereum-soar-above-3-2k-bitcoin-minetrix-flying-in-presale/">bullish</a> week, reaching $3,200 yesterday for the first time in nearly two years.&nbsp; As the Ethereum community awaits the mainnet activation of the Dencun upgrade, stakeholders, developers, and users express optimism about the potential impact of these changes on the network’s overall functionality and efficiency.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/ethereum-soar-above-3-2k-bitcoin-minetrix-flying-in-presale/"> Ethereum soar above $3.2K, Bitcoin Minetrix flying in presale </a> </p>

Ethereum’s Dencun upgrade set to launch March 13

crypto.news

Other articles published on Feb 27, 2024

PayPal USD (PYUSD) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Bitcoin bears feel the heat as BTC looks all set to hit $60k

95% Of Bitcoin Now In Profit: Why This Could Be A Signal To Sell

Storj (STORJ) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

NEOPIN's TVL Surges Beyond $10 Million in a Single Month

ARK Invest Adjusts Holdings by Shedding Financial and Tech Stocks

Join our free newsletter for daily crypto updates!