Ethereum's Dencun Upgrade: Paving the Way for Scalability

馃敟 Ethereum's Scalability Breakthrough

By Kraken
Mar 25, 2024, 5:04 PM
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The highly anticipated Ethereum Dencun upgrade is set to go live in two days.​ This upgrade introduces EIP-4844, also known as Proto-Danksharding, which aims to significantly reduce gas fees for Layer 2 (L2) rollups by improving data availability.​ The new feature allows transactions to carry binary large objects (blobs) of up to 125 Kilobytes, which are stored on the Beacon chain temporarily.​ This approach is more cost-effective for L2 rollups compared to using calldata.​ While Proto-Danksharding is an intermediate step, it lays the foundation for full Danksharding, which is expected to enable Ethereum to process millions of transactions per second in the future.​

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