Starknet Expects Big Impact From Ethereum Denkun Hard Fork

Layer-2 scaling protocol Starknet aims to double the impact of reduced costs after implementing Ethereum's latest hard fork, Denkun, on March 13.

The Starknet Foundation has announced the release of additional fee-saving initiatives on the protocol to coincide with the Denkun upgrade. The hard fork is arguably the most significant update to the Ethereum protocol since the switch to the Proof of Stake agreement in October 2022.

Denkun includes the Ethereum Update Proposal (EIP-4844), which changes how Ethereum rolls store data on the network. They process a number of Layer-2 bundle transactions off-chain and provide summary proof of these transactions to the Ethereum blockchain.

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EIP-4844 introduces blob space as an alternative to using call data for storage, creating a new way to cheaply add data to blocks for call data. Using call data to store cryptographic data for off-chain sealed transactions has historically been expensive, as all Ethereum nodes must host data that will live on-chain indefinitely.

Proto-danksharding, named by the researchers who proposed the EIP-4844, allows for sending and attaching packets of data in blocks. The data is not accessible to the Ethereum Virtual Machine and is automatically deleted after a certain period of 18 days.

David Silverman, vice president of product at Polygon Labs, previously told Cointelegraph that blogspace is cheaper to bundle and offers similar security guarantees.

Starknet expects an immediate fee reduction.

Ecosystem developers anticipate a delay in the realization of fee reductions in layer-2s in the coming weeks, as they go through administrative and revision processes to change their terms – from indexing to data calling – pointing to the new flash point. .

The Starknet Foundation announced a hard fork update to coincide with Denkun. StarNet version 0.13.1 moves from the “expensive” call data method to the more cost-effective “blobs” transaction type for sending data to Ethereum, which significantly reduces fees.

Layer 2 expects to benefit greatly because call data accounts for nearly 90% of the gas fees Starknet pays to post transactions to the Ethereum mainnet.

Related: More TPS, Less Gas: Ethereum L2 Starknet Lists Performance Improvements

Starkware product manager and blockchain researcher Ilya Volok told Cointelegraph that Starknet's shared prover (SHARP) sends Starknet's status to Ethereum call data, which is transmitted to space. State variants contain additional information about each contract repository's updated and contract deployment.

Volok expects to see actual statistics reflecting Denkun's fee reduction within a practical hour. Meanwhile, the full benefits will be reflected immediately to consumers, Volok said:

“One byte of data will be sold based on Ethereum blob prices.”

Starknet's Sharp Prover uses iterative proof technology, which combines previously existing proofs into groups called trains. In the year A new hash system launched in early 2024 will increase the volume of transactions carried by trains and increase the efficiency of the protocol.

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