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Proto Danksharding

All articles tagged with #proto danksharding

cryptocurrencyblockchain-technology1 year ago

"Dencun Upgrade: Ethereum's Game-Changing Era Begins"

Ethereum's Dencun upgrade has successfully gone live, marking a significant milestone for the blockchain. The upgrade is expected to substantially lower transaction costs across layer-2 networks and expand the blockchain ecosystem's capabilities. Gas fees on layer-2 networks are anticipated to immediately drop by 75%, with the introduction of proto-danksharding allowing for temporary on-chain data storage. Developers believe Dencun will revolutionize the Ethereum ecosystem, making it more efficient and capable of processing unprecedented amounts of on-chain traffic, potentially eliminating gas fees altogether.

via Decrypt|
#cryptocurrencyblockchain-technology#dencun-upgrade#ethereum
cryptocurrencyblockchain-technology1 year ago

"Ethereum's Dencun Hard Fork: Anticipated Cost-Cutting and Fee-Saving Measures"

Dencun, the largest Ethereum upgrade since the switch to proof-of-stake, is set to go live, making layer 2 transactions significantly cheaper and more accessible. It introduces Proto-Danksharding, changing how Ethereum stores data, and is a deviation from the original roadmap. The upgrade is a major milestone for Ethereum's scalability and will pave the way for supporting numerous rollups and secondary scaling layers, ultimately aiming to process millions of transactions per second.

via CoinDesk|
#crypto-upgrade#cryptocurrencyblockchain-technology#dencun
cryptocurrencyblockchain1 year ago

"Ethereum's Dencun Upgrade: Cutting Costs and Boosting DeFi Accessibility"

Ethereum is gearing up for the Dencun upgrade, set to reduce fees for layer-2 networks by introducing "proto-danksharding," a new method for storing transaction data. The upgrade, delayed from its original target, will benefit networks like Arbitrum, Optimism, and Polygon, allowing them to post data to Ethereum more efficiently and reduce fees for end-users. Additionally, it will benefit data availability layers and pave the way for future upgrades like Electra + Prague. The upgrade is expected to significantly lower fees for layer-2 transactions and bring about a new era of cheaper fees for Ethereum's auxiliary networks.

via CoinDesk|
#cryptocurrencyblockchain#dencun-upgrade#ethereum