‘Blobs’ will be launched on March 13 with Denkun update
The Denkun update is now set to launch on the Ethereum mainnet on March 13 – introducing proto-dankun sharding and blobs aimed at reducing transaction costs on Ethereum layer-2s.
The hard fork will take place at 13:55:35 pm UTC, Ethereum infrastructure company Nethermind explained in a post on February 8. The time is equivalent to approximately 8626176 slots on the Ethereum network, Ethereum Core Developer Tim Beiko added.
Blobs slot 8626176 coming to mainnet .oO
— timbeiko.eth ☀️ (@TimBeiko) February 8, 2024
The date was set on February 8th at an “AllCoreDevs” call by Ethereum developers following the successful deployment of Denko on the Holesky testnet on February 7th.
Proto-dunksharding is a sharding design that implements “blob-bearing transactions” to create more block space on Ethereum layer-2s.
Blob-carrying transactions are just like regular transactions, except that they contain additional information.
Proto-danksharding limits the number of blobs in each block to 16, each no larger than 128 KB, according to Blocknative. It is expected to add about 2 megabytes of block space.
Both hopeful and zero-knowledge abstractions can use additional data space to post transaction data on-chain and make the actual data available in databases instead of calling data.
Trading on an Ethereum package is about to get a lot cheaper.
Ethereum's next major update, Denkun (EIP-4844), will go live on the Ethereum Mainnet on Wednesday, March 13, at 13:55 UTC.
Spots are coming!
— liam (@daddysether) February 8, 2024
Vitalik Buterin, one of Ethereum's founders, has said that Ethereum will “collapse” if it doesn't have enough large-scale infrastructure to make transactions cheap.
“Ethereum failed because each transaction costs $3.75 (if we have another bull run at $82.48) and every product aimed at the mass market forgets about the chain and takes centralized solutions for everything,” Buterin said last June.
Speaking recently with Cointelegraph, Gnosis Head of Infrastructure Philipp Schommers said that the successful implementation of Denko on the Ethereum mainnet could lower the costs of staking by up to 10 times.
Related: ETH Could Reach $27K This Bull Cycle, Expert Predicts
Denkun integrates Kankun and Deneb's improvements are seen as Ethereum's most important update since the Chapela update last April, which marked the launch of Ether (ETH) from the Beacon Chain for the first time. December 1, 2020
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