Ethereum’s Dencun upgrade goes live on Sepolia testnet
Quick Take The upgrade, when deployed on the mainnet in the future, is expected to significantly lower fees and increase scalability.
Dencun deployment on Sepolia commenced at 22:51 UTC Tuesday and was finalized soon after. “Blobs are now flowing in Sepolia,” Parithosh Jayanthi, DevOps engineer at the Ethereum Foundation, wrote in a post on X. “Uneventful testnet forks are the best ones!”
Ethereum core developers deployed the upgrade on the Goerli testnet earlier this month. The upgrade’s initiation on the third and final testnet Holesky is scheduled for Feb. 7. Following a third successful testnet deployment, the Ethereum team is expected to establish a mainnet launch date for Dencun.
One anticipated feature Dencun is set to bring is proto-danksharding , which aims to lower gas fees and improve scalability by introducing a new, compressed data storage mechanism called “blobs.”
“A blob-carrying transaction is like a regular transaction, except it also carries an extra piece of data called a blob,” Ethereum co-founder Vitalik Buterin wrote in a community explainer . “Blobs are extremely large (~125 kB), and can be much cheaper than similar amounts of calldata.”
Ethereum’s last major upgrade, Shapella , took place in March 2023, which enabled users and validators to withdraw their staked ETH on the network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. August PPI unexpectedly cools significantly, is a 50 basis point Fed rate cut possible?
The PPI data may indicate that the CPI will also cool down, adding complexity to the debate over the extent of the Federal Reserve's rate cut in September...

The Fed's September rate cut is already a certainty—can the CPI overturn it?
The August CPI is about to be released, but Wall Street remains calm. This Thursday, the implied volatility in the stock market is lower than the average actual volatility on CPI release days over the past year and also lower than the expected volatility for the next non-farm payroll day.

Staking Crisis: Kiln Security Vulnerability Triggers Withdrawal of 2 Million ETH

Polkadot Approaches Breakout as $4.07 Resistance Holds and $3.86 Support Remains Firm

Trending news
MoreCrypto prices
More








