Ethereum’s March 13 Upgrade Proto-Danksharding Implementation and Improved Transaction Efficiency
Scheduled for activation at slot 8626176 on March 13 at approximately 1:55 pm UTC, the Ethereum mainnet is bracing for the impactful Dencun upgrade.
Ethereum core developers confirmed the mainnet rollout date after successful test deployments, including the recent one on the Holesky testnet on Feb. 7. Central to this upgrade is Ethereum Improvement Proposal 4844 (EIP-4844), or “Proto-Danksharding,” introducing ‘blobs’ to optimize data storage within the network. Blobs create additional data spaces within blocks, enhancing storage capacity and maintaining block finality times, particularly benefiting Ethereum’s Layer two blockchains by accommodating more transactions and reducing Layer two fees.
The upgrade extends its impact to Ethereum’s mainnet transactions, potentially lowering fees by streamlining the overall network efficiency. Developers have until Feb. 22 to release final versions of Ethereum clients supporting Dencun, and validators have approximately two weeks to update their nodes, ensuring a seamless transition to the upgraded network. Marking the most substantial changes since April 2023, the Dencun upgrade reflects meticulous planning and testing phases, reinforcing its readiness for the Ethereum mainnet.
Clever Robot News Desk 13th February 2024
