Ethereum devs implement Dencun upgrade on Goerli testnet, activating 'proto-danksharding'
Quick Take: Ethereum core developers deployed the Dencun upgrade, incorporating proto-danksharding (EIP-4844) on the Goerli test network. This serves as a precursor to the anticipated release on the Ethereum mainnet, expected in the first quarter of 2024.
The Dencun upgrade was forked on the Goerli testnet around 1:35 a.m. ET, core developers confirmed in a livestream.
The central feature of this Dencun deployment (on Goerli) is the introduction of EIP-4844 — a novel transaction mechanism known as ephemeral blobs or proto-danksharding . This approach allows for the temporary storage and access of off-chain data by Ethereum nodes to reduce storage demands. It is expected to substantially lower transaction costs for Ethereum dApps, particularly benefiting Layer 2 rollup chains.
In preparation for this transition, the development team has opted for a phased approach — initially implementing the upgrade on various testnets.
Today it deployed on Goerli, the first testnet for the Dencun upgrade. The next implementation steps include Dencun's activation on the Sepolia testnet on Jan. 31, followed by the Holesky testnet on Feb. 7. The final mainnet release is expected by the end of the first quarter Q1 2024.
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.
You may also like
Cooling Employment and Inflation Eases Fed Rate Hike Pressure, U.S. Mortgage Rates Fall for First Time in Six Weeks
The latest employment and inflation data show that the U.S. labor market is cooling, while the impact of the Iran war on July inflation may be less than previously feared. As a result, market expectations for a near-term rate hike by the Federal Reserve have declined.
How the SEC Could Clear the Way for 24/7 Stock Trading -- Barrons.com
Gold snaps four-day advance as yields ease, oil drops - Kitco PM Report
SanDisk Sets "Ultra-High" Long-Term Targets: Double-Digit Revenue Growth and 80% Gross Margin for FY2028-30, Stock Price Soars Nearly 20%
SanDisk expects that, for fiscal years 2028 to 2030, under non-GAAP metrics, the company’s gross margin will remain around 80%, operating margin around 75%, and adjusted free cash flow profit margin around 50%. The company commits to returning 100% of remaining cash to shareholders after completing business investments. The long-term target for growth in the input bit volume is mid- to high double digits, but the volume available for sale will be flexibly adjusted according to the need to optimize profitability. The company disclosed that eight major customers have signed long-term contracts, covering approximately two-thirds of the bit shipment volume for fiscal year 2028. The enterprise-grade flash memory TAM is projected to reach 1.2ZB by 2030.
Crypto prices
More
