Ethereum 2.0 Plans To Slash L2 Transaction Costs, Gearing Up For Mainnet Takeoff


Ethereum’s Dencun upgrade, featuring “proto-danksharding,” was effectively implemented on the Holesky testnet on February 7.

Ethereum’s Dencun upgrade, including “proto-danksharding,” has concluded its final testing phase on the Holesky testnet and awaits a mainnet deployment date.

Data reveals that the Dencun upgrade was forked on Holesky around 11:35 am UTC on February 7, with Nethermind announcing the development shortly after. The upgrade is anticipated to reduce transaction costs on Ethereum layer-2s.

Dencun is set to introduce proto-danksharding through Ethereum Improvement Proposal-4844.

The primary feature of EIP-4844 is the introduction of “blobs,” enabling Ethereum nodes to temporarily store and access large off-chain data volumes.

Philippe Schommers, Gnosis’ head of infrastructure, previously explained to CoinNerd that the integration of Dencun into the Ethereum mainnet could potentially reduce rollup costs by up to 10 times.

A decision regarding the mainnet deployment date for Dencun is anticipated to be made during an AllCoreDevs call on February 8, with Ethereum enthusiast Anthony Sassano suggesting a timeframe of early to mid-March on February 7.

Combining the Cancun and Deneb upgrades, Dencun is poised to become Ethereum’s most significant upgrade since the Shapella upgrade last April. Shapella allowed the unstaking of Ether (ETH) from the Beacon Chain for the first time since its launch on December 1, 2020.

Cancun prioritizes network scalability at the execution layer, with EIP-4844 as its centerpiece, alongside EIP-1153, EIP-4788, and EIP-6780.

Deneb, on the other hand, focuses on enhancing Ethereum’s consensus layer.

Before the Holesky testnet, Dencun underwent deployment on the Goerli and Sepolia testnets on January 17 and January 30, respectively.

The deployment of Dencun to the Goerli testnet experienced a four-hour delay due to a bug that hindered the testnet from completing the upgrade.

Nebojsa Urosevic, a founder of Ethereum development platform Tenderly, explained to CoinNerd that “the network could not sync with nodes due to a bug in Prysm, Ethereum’s proof-of-stake client,” at that time.

“It’s one of the reasons why there are multiple clients and why testnets exist,” Urosevic added.


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Tabitha Nyamburah

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