Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Ethereum’s Dencun upgrade goes live on Sepolia testnet

Ethereum’s Dencun upgrade goes live on Sepolia testnet

The BlockThe Block2024/01/31 03:04
By:The Block

Quick Take The upgrade, when deployed on the mainnet in the future, is expected to significantly lower fees and increase scalability.

Ethereum’s Dencun upgrade goes live on Sepolia testnet image 0 Ethereum’s latest major upgrade Dencun went live on the Sepolia test network on Tuesday, leaving just one more testnet before its anticipated “proto-danksharding” feature comes to fruition.

Dencun deployment on Sepolia commenced at 22:51 UTC Tuesday and was finalized soon after. “Blobs are now flowing in Sepolia,” Parithosh Jayanthi, DevOps engineer at the Ethereum Foundation, wrote in a post on X. “Uneventful testnet forks are the best ones!”

Ethereum core developers deployed the upgrade on the Goerli testnet earlier this month. The upgrade’s initiation on the third and final testnet Holesky is scheduled for Feb. 7. Following a third successful testnet deployment, the Ethereum team is expected to establish a mainnet launch date for Dencun.

One anticipated feature Dencun is set to bring is proto-danksharding , which aims to lower gas fees and improve scalability by introducing a new, compressed data storage mechanism called “blobs.”

“A blob-carrying transaction is like a regular transaction, except it also carries an extra piece of data called a blob,” Ethereum co-founder Vitalik Buterin wrote in a community explainer . “Blobs are extremely large (~125 kB), and can be much cheaper than similar amounts of calldata.” 

Ethereum’s last major upgrade, Shapella , took place in March 2023, which enabled users and validators to withdraw their staked ETH on the network. 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MicroStrategy on track to own 4% of all bitcoin over next decade as Bernstein raises price target to $600

Analysts at Bernstein said MicroStrategy is on course to acquire 4% of the world’s bitcoin by the end of 2033, raising their end-of-2025 price target to $600.The analysts expect MicroStrategy to run through its $42 billion capital raise for bitcoin acquisitions within the next 18 months.

The Block2024/11/25 11:11

Today's popular MEME inventory

币币皆然2024/11/25 10:43