The Ethereum network is set to undergo the Dencun upgrade on Mar. 13, introducing key scalability enhancements.
Ethereum developers have set the deployment of the Dencun upgrade for slot number 8626176, aiming to enhance the network’s functionality.
Scheduled for activation in one month’s time, the upgrade introduces the proto-danksharding feature with EIP-4844, according to Tim Beiko of the Ethereum Foundation.
The feature brings blob transactions and transient storage to improve Ethereum’s support for Layer 2 networks like zkSync, Optimism, and Arbitrum. This allows for more transaction data without extending block processing times.
Incorporating of “data blobs” through EIP-4844 is a significant step towards addressing data storage needs, facilitating the inclusion of additional data in Ethereum transactions.
Ethereum’s (ETH) price has seen a notable rise, with an increase of 6.44% in the past week, which brings the price to $2,425.38 per ETH,