Dencun — the most-anticipated upgrade since the Merge — is set to ship in two days, promising to significantly reduce layer-2 transaction costs.
Ethereum’s upcoming Dencun upgrade is set to ship in two days, on March 13, as one of the most-anticipated hard forks since the Merge. Why is there so much anticipation around the upgrade?
Ethereum’s Dencun upgrade could be a milestone for layer-2 scaling solutions, as it is expected to significantly reduce the transaction fees of layer-2 networks and enhance Ethereum’s overall scalability.
The Dencun hard fork incorporates a total of nine different Ethereum Improvement Proposals (EIPs). The name of the upgrade is a combination of the Cancun upgrade of Ethereum’s execution layer and the Deneb upgrade on the consensus layer. The first part, Cancun, focuses on improving the way transactions are managed and processed on the execution layer, while the second part, Deneb, aims to improve the consensus layer, which refers to how network participants agree on the state of the blockchain.
