Ethereum

Cryptocurrency

COTI

Metis

Ethereum, the world's second largest cryptocurrency by market capitalization, is set to undergo a major hard fork update known as 'Dencun' on March 13. This update is expected to have a significant impact on the Ethereum ecosystem and several altcoins.
The Dencun update is part of 'The Surge', a series of updates in Ethereum's roadmap focused on improving the scalability, security and usability of the network. The update brings various Ethereum Improvement Proposals (EIPs), including:
EIP-4844: Will increase scalability and introduce Proto-Danksharding, a new transaction type known as 'blob-carrying transactions'. This EIP is expected to reduce transaction costs for Layer 2 (L2) users and increase Ethereum's transaction throughput.
EIP-1153: Will reduce on-chain data storage costs.
EIP-4788: Will improve security and functionality.
EIP-5656: Will improve Ethereum Virtual Machine (EVM) performance.
EIP-6780: Will improve network security.
The Dencun update is expected to greatly reduce fees on Ethereum Layer-2s, delivering the largest reduction in Layer-2 gas fees ever seen. This will benefit the entire ETH/L2 ecosystem and make these chains much more commercially viable for both decentralized application (dApp) makers and users.
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Cryptocurrency analyst Miles Deutscher identified several altcoins that could greatly benefit from the Dencun upgrade:
<ul>
 <li>MATIC: Preparing to be rebranded as POL, MATIC has fallen behind other L2s but has made a significant investment in the implementation of zk technology.</li>
 <li>Arbitrum: With great metrics and a reputation as the go-to chain for new dApp launches, Arbitrum leads other L2s in Total Value Locked (TVL) and transaction volume.</li>
 <li>Optimism: The second largest L2 by TVL, Optimism has shown strength in the transaction space and recently announced its fourth airdrop.</li>
 <li>COTI Network: COTI recently announced the V2 release, a privacy-centric ETH L2 that introduces 'Garbled Circuits', an important way to protect privacy.</li>
 <li>Mantle: One of the fastest growing L2s, Mantle has over $1.5 billion of ETH staked as mETH (Mantle Staked ETH), making mETH the third largest Liquid Staking Derivative (LSD) after Lido and RocketPool. doing.</li>
 <li>Metis: Metis is well positioned for growth with strong tailwinds of support, including the $400 million Metis Ecosystem Fund and the launch of a decentralized sequencer alpha mainnet in March.</li>
</ul>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/veteran-analyst-reveals-6-altcoins-that-could-be-affected-by-marchs-major-ethereum-dencun-update/" rel="noopener noreferrer nofollow">Veteran Analyst Reveals 6 Altcoins That Could Be Affected by March’s Major Ethereum Dencun Update</a>

Veteran Analyst Reveals 6 Altcoins That Could Be Affected by March’s Major Ethereum Dencun Update

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