Gnosis premieres Dencun upgrade to create easily scalable network

Developers at Gnosis Chain have deployed a version of the Dencun update to the network to help scale decentralized applications further.

Commenting on the Dencun update, Philippe Schommers, head of infrastructure at Gnosis, said the new blob transactions introduced by proto-danksharding show that the blockchain community is overcoming conceptual challenges towards creating a more easily scalable network, Ethereum.

“These include temporary data, which is extremely important as this combats state bloat. Previously, all the data used by layer-2 was stored indefinitely on all Ethereum nodes. Now, this new type of data will be discarded after about two weeks.”

Philippe Schommers, head of infrastructure at Gnosis

In a comment to crypto.news, the Gnosis team announced it had activated type-3 blob transactions on the sidechain. The blob transactions, called EIP-4844 or proto-danksharding, are scheduled to launch on the Ethereum network with the Dencun update activated tomorrow at 13:55 UTC.

Blobs will become an additional feature on the network, increasing data availability without impacting the existing Ethereum infrastructure, resulting in cheaper transactions on layer-2 fusions.

Ethereum developers are actively preparing to update the network of the largest altcoin on the market, ETH. The main goal is to reduce fees in layer-2 solutions through proto-danksharding, which will reduce transaction fees for end users of second-tier networks.

Amid expectations for an imminent update, the price of ETH also broke through the critical level of $4,000 and recorded a multi-year high.