Summary
TLDR: Ethereum’s Dencun upgrade successfully went live, reducing gas fees on layer-2 networks by 75% and expanding the blockchain ecosystem’s capabilities. The upgrade introduces proto-danksharding, allowing temporary on-chain data storage, and is expected to revolutionize Ethereum’s capacity for processing transactions and data. Developers believe Dencun will have the biggest impact on users compared to previous upgrades, potentially making gas fees a thing of the past.
Key Points
1. Ethereum’s Dencun upgrade successfully went live, promising to lower transaction costs and expand the blockchain ecosystem’s capabilities.
2. Gas fees on layer-2 networks are expected to drop by 75% following the Dencun upgrade, making it a significant improvement for Ethereum users.
3. Dencun introduces proto-danksharding, a new method for data storage on Ethereum, which aims to revolutionize the amount of data that can exist on-chain, opening up new possibilities for projects and tools in the ecosystem.