Summary
Ethereum developers have set a target date of March 13th for the Denkun upgrade, which is designed to reduce the cost of layer 2 transactions and data availability on the Ethereum blockchain. The upgrade will begin at 13:55 Coordinated Universal Time on March 13th and includes the “Protodunk Sharding” feature, which reduces transaction costs by providing dedicated space for data storage. The upgrade has been implemented later than originally planned, but developers are now preparing for the next hard fork, Prague/Electra.
Key Points
1. Denkun is the biggest upgrade since April 2023 and is designed to reduce the cost of layer 2 transactions and data availability on the Ethereum blockchain.
2. On the 8th, Denkun successfully implemented the third of three testnets.
3. Ethereum developers set a target date of March 13th for the long-awaited Denkun upgrade during their biweekly coordination conference call on the 8th. The countdown to the biggest upgrade since April 2023 has officially begun.