Ethereum Upgrade: Cheaper Gas Fees and Scaling Progress
Ethereum Upgrade: Cheaper Gas Fees and Scaling Progress
🚀 Cheaper Fees Incoming!
ZKSync, an Ethereum Layer 2 scaling solution, has successfully implemented the Dencun upgrade, which supports EIP-4844 (proto-danksharding) and utilizes blob-carrying transactions to reduce gas fees. OpenZeppelin audited the upgrade for security. While the full impact on transaction fees across Layer 2 solutions may take time to stabilize, ZKSync is starting with one blob per batch to ensure a smooth transition. This upgrade marks a significant milestone in scaling Ethereum and bringing it closer to mainstream adoption, with further work ongoing on validiums, data availability layers, optimized zero-knowledge proofs, and future protocol upgrades.
Happy Dencun upgrade to all Ethereum users🎉 Congratulations to @zksync for achieving cheaper gas fees. OpenZeppelin audited the @zksync upgrade to support proto-danksharding and the utilization of blob-carrying transactions defined in EIP-4844. Check the report 👇🏻
The first L2 blobs to go live secured by @OpenZeppelin 🫡 blog.openzeppelin.com/eip-4844-suppo…
It’ll take some time for the larger Ethereum ecosystem to see the full effects of EIP-4844 on L2 transaction fees. The fee markets will mature as other L2s post blob data. @zksync is starting with 1 blob per L2 batch to give ourselves the ability to switch back to calldata and
The blobs are here (づ｡◕‿◕｡)づ ⭐ @zksync was the first L2 to post a 4844 blob on Ethereum. It'll take a few days for transaction fees to stabilize across all L2s as the fee markets adjust. In the coming days, we'll see the full impact of 4844 on zkSync 🧵
🔒 Privacy Meets Impact
**LNET Global's CCO Melody Celestine** spoke at Caza ZK about **Prividiums** - a new approach to Trust-Based Finance. **Key Points:** - Prividiums help programs measure their impact while maintaining privacy - Enable organizations to secure more funding through verifiable metrics - Privacy protection builds trust in the measurement process Celestine emphasized that **privacy is essential** for organizations to feel comfortable participating in impact measurement programs. More details on the **LNET and ZKsync collaboration** are expected soon.
Institutional Privacy Solutions Launch Event Scheduled
A major announcement is coming for **institutional privacy onchain solutions**. The event is scheduled for: - **Date**: November 20th - **Time**: 9am PT This appears to be focused on advancing privacy infrastructure for institutional users in the blockchain space. The timing suggests a significant development in enterprise-grade privacy tools. Set your reminder to catch the full announcement.
Casa ZK Hosts Institutional Adoption Event During Devcon
**Casa ZK hosted its Institutional Day** during EF Devcon on November 19, focusing on onchain institutional adoption. The event featured two main sessions: - **Keynote: "Redefining Trust: Blockchain Infrastructure for Results-Based Finance"** with Mariana Kotik from L-Net Global - **Fireside Chat: "Institutions Onchain & the Rise of Incorruptible Finance"** featuring Matthew from Ethereum Foundation and Marcin from zkSync, moderated by Paula from Merge The gathering aimed to explore the **future of institutional blockchain adoption** and incorruptible finance systems. *Casa ZK positioned itself as a key venue for discussing enterprise-level crypto integration during one of the industry's premier conferences.*
Casa ZK Institutional Day Brings Banks and Governments to Buenos Aires
**Casa ZK: Institutional Day** took place in Buenos Aires during EF Devcon, bringing together key players in the financial sector. **Key participants included:** - Partners and institutions - Government representatives - Banking sector leaders - Ethereum Foundation collaborators The event was **hosted by ZKsync** in partnership with Ethereum Foundation, Crecimiento Argentina, LNet Global, Ripio, and Momentum Global. This gathering focused on **shaping the onchain future** through institutional adoption and collaboration between traditional finance and blockchain technology. The limited-capacity event highlighted growing institutional interest in zero-knowledge rollup technology and its potential for mass crypto adoption.
Atlas Enables L2-to-L1 DeFi Access in Under 5 Minutes
**Atlas introduces L1 Interop solution** that allows ZK Chain users to interact with Ethereum DeFi in just **2-5 minutes** - faster than ETH finality. Key benefits: - Enables L2s to tap into Ethereum's liquidity pool - Reduces transaction time significantly - Maintains security while improving accessibility The solution addresses a major pain point in the multi-chain ecosystem by **bridging the gap between Layer 2 efficiency and Layer 1 liquidity**. This development could accelerate DeFi adoption by making cross-layer interactions more seamless for users.