Ethereum Denkun update goes live: what to expect

The Ethereum mainnet has successfully implemented the Denkun update. This is a milestone that promises to significantly reduce gas fees for Ethereum's Layer 2 (L2) networks.

According to Etherscan data, the update reached its planned age at block height 269568, a critical moment for Etherscan as it aims to increase scalability and capacity for its users.

Ethereum Denkun update goes live

Posted Denkun, the project's amalgamation is named Deneb and Cancun. This hard fork combines improvements in Ethereum consensus and performance.

At the heart of Denkun is introducing “proto-danksharding” through Ethereum Improvement Proposal (EIP) 4844. The approach to “sharding” is expected to significantly reduce costs for users and developers. Therefore, Ethereum makes it a more accessible and user-friendly platform.

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Denkun's update, which has been in progress for several years, has undergone rigorous testing to ensure a smooth transition on three different test networks. Despite an initial setback during the first test run on the Goerli network, subsequent tests continued without any issues, leading to a successful launch of the upgrade.

The Ethereum community celebrated this milestone with a host of parties. These are organized by developer groups like EthStaker and Nethermind, which shows the collective enthusiasm and support for this update.

“Ethereum updates are the most exciting events in crypto for me. I love being a part of them by co-hosting live streams and being a sole stakeholder helping to decentralize the network. “Denkun is done, so now we look forward to the next update,” said Anthony Sassano, a dedicated Ethereum educator.

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Looking ahead, the Ethereum community is already gearing up for the next batch of updates. There are ongoing discussions about the contents of the upcoming Electra + Prague (Petra) update. Among those vying for inclusion is an innovation known as “Verkle Trees” that further enhances the data storage capabilities of blockchain.