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Home»ADOPTION NEWS»Ethereum developers deploy Dencun upgrade on Holesky testnet.
ADOPTION NEWS

Ethereum developers deploy Dencun upgrade on Holesky testnet.

By Crypto FlexsFebruary 7, 20243 Mins Read
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Ethereum developers deploy Dencun upgrade on Holesky testnet.
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Ethereum core developers have implemented the Dencun upgrade on Holesky, marking the final Ethereum testnet upgrade ahead of mainnet deployment expected next month.

The Dencun upgrade forked from the Holesky testnet around 6:35 a.m., as confirmed by Nethermind, an Ethereum-running client, and was completed shortly thereafter.

In a phased approach to implementing the upgrade, Dencun was previously deployed to the Goerli testnet on January 17th and to the Sepolia testnet on January 30th. Dencun’s mainnet deployment date is now expected to be set at the Ethereum All Core Developers conference at a later date. Today – expected early to mid-March.

Introduction to proto-danksharding

Dencun combines Ethereum’s Cancun and Deneb upgrades. Cancun aims to improve the execution layer, while Deneb focuses on improving the consensus layer.

Dencun’s key feature, Proto-danksharding (EIP-4844), introduces “blobs” to allow temporary storage and access to large amounts of off-chain data from Ethereum nodes, reducing storage demands. It is designed to significantly lower transaction costs for Ethereum dapps. It is particularly beneficial for layer 2 rollup chains as it facilitates cost-effective and scalable data processing.

Ethereum’s last major upgrade, Shapella, occurred in March 2023. This allows users and validators to withdraw Ethereum staked on the network for the first time.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

James Hunt is a reporter for The Block, based in the United Kingdom. As a writer for The Daily newsletter, James also brings you up to speed on the latest cryptocurrency news every week. Before joining The Block in 2022, James spent four years in the industry as a freelance writer, contributing content to publications and cryptocurrency projects. James’ coverage ranges from Bitcoin and Ethereum to layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, modern NFTs and memecoins, regulatory environments, cryptocurrency company trading, and the immersive metaverse. It’s all-encompassing. You can reach James on Twitter or Telegram via @humanjets or email him at (email protected).
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