Ethereum’s ‘Dencun’ Upgrade Aims to Reduce Transaction Costs with ‘Proto-danksharding’, Improving Rollup Efficiency
Ethereum blockchain is nearing a decisive moment with the successful completion of the ‘Holesky’ testnet for its ‘Dencun’ upgrade, a major advancement that promises to transform the efficiency and cost of transactions on the network.
Reduced Transaction Costs through Proto-danksharding
The Holesky testnet simulated proto-danksharding, a crucial technical aspect of the ‘Dencun’ upgrade designed to significantly reduce transaction costs for rollups, while improving data availability and cost through the introduction of ‘blobs’.
Towards Better Data Availability
The innovation of ‘blobs’: This upgrade introduces ‘blobs’, a compartmentalized space dedicated to data storage, aiming to make data management more cost-effective and efficient on the Ethereum blockchain. This advancement represents a step towards a more robust and accessible infrastructure for developers and users.
The successful test on the Holesky testnet indicates that the Dencun upgrade is ready to be deployed on the Ethereum mainnet, with a deployment date expected in the coming weeks. This final test has been closely watched as Holesky has a larger set of validators than the Ethereum network itself, suggesting that a successful upgrade here is a great signal for a smooth deployment on the mainnet.
