Ethereum

<ul><li>Ethereum&#39;s Dencun upgrade, set for initial testing in January 2024, introduces Proto-Danksharding to improve data storage and reduce fees.</li><li>Collaboration between Avail and StarkWare focuses on developing Layer 3 app chains for enhanced transaction efficiency within the Starknet network.</li><li>EthereumPoW moves towards autonomy, and Ethereum is predicted to gain market share with the potential for a spot ETH ETF in 2024.</li></ul>Ethereum&#39;s development community recently <a href="https://t.co/pT6x13i7nD" rel="noopener noreferrer nofollow">convened</a> on December 21 to discuss the forthcoming &#34;Dencun&#34; upgrade. The upgrade, initially scheduled for late 2023, has been postponed to 2024 due to the intricate engineering challenges involved. Tim Beiko, the protocol support lead at the Ethereum Foundation, emphasized that the proposed January 17, 2024, date for the first testnet deployment on Goerli is provisional and subject to change based on potential issues.The <a href="https://t.co/jVzStnpnmZ" rel="noopener noreferrer nofollow">Dencun upgrade</a>, following the significant &#34;<a href="https://cryptotale.org/ethereum-gets-ready-for-shapella-upgrade-with-the-last-mainnet-shadow-fork-scheduled/" rel="noopener noreferrer nofollow">Shapella</a>&#34; update earlier this year, introduces &#34;Proto-Danksharding.&#34; This feature is anticipated to enhance Ethereum&#39;s data storage capacity, potentially reducing fees for <a href="https://cryptotale.org/vitalik-buterin-unveils-layer-2-transformation-amidst-blockchain-expansion/" rel="noopener noreferrer nofollow">Layer 2 rollups</a> and scaling the blockchain. The upgrade is expected to increase space for data &#34;blobs,&#34; thereby improving the performance of rollups and the overall efficiency of the Ethereum network.The developers also discussed a collaboration between Avail and <a href="https://cryptotale.org/polygon-founder-lauds-starkware-for-open-sourcing-its-stone-prover/" rel="noopener noreferrer nofollow">StarkWare</a>, focusing on data availability for appchains within the <a href="https://cryptotale.org/starknet-foundation-announces-1-8-billion-token-distribution-report/" rel="noopener noreferrer nofollow">Starknet</a> Layer 2 network. This partnership aims to develop app chains as Layer 3 solutions, enhancing transaction processing efficiency and finality, which is crucial for blockchain scalability.Read full article at<a href="https://cryptotale.org/dencun-upgrade-set-to-propel-ethereums-network-capabilities-in-2024/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Dencun Upgrade Set to Propel Ethereum's Network Capabilities in 2024

CryptoTale

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