Summary
TLDR: Ethereum’s Dencun upgrade introduces proto-danksharding and blobs to enhance scalability and reduce transaction costs. It is set to launch on the mainnet on March 13, potentially increasing transaction processing capacity and impacting Ethereum’s market value.
Key Points
1. Dencun is a significant upgrade for Ethereum, introducing a new feature called “proto-danksharding” to address scalability challenges.
2. Post-full implementation, Dencun is expected to increase Ethereum’s transaction processing capacity to potentially handle more than 100,000 transactions per second.
3. The successful deployment of Dencun could enhance investor confidence in Ethereum, driving demand for ETH and potentially leading to price appreciation.