Summary
TLDR: The Dencun upgrade on Ethereum mainnet activated, featuring EIP-4844 to reduce transaction fees on rollups. It includes 9 Ethereum Improvement Proposals, with potential benefits for users and developers. The upgrade aims to improve scalability without sacrificing decentralization, leading to a more sustainable future for Ethereum.
Key Points
1. The Dencun upgrade on Ethereum mainnet activated on Wednesday, featuring EIP-4844 or Proto-Danksharding to reduce transaction fees on rollups.
2. Dencun includes a total of 9 Ethereum Improvement Proposals (EIPs), making it tied for the largest single hard fork in terms of improvements shipped.
3. Post-Dencun, most rollups and their users are expected to see benefits within hours to days, with transaction fees potentially being slashed by 5-10x due to the availability of data blobs on Ethereum introduced by EIP-4844.