Ethereum’s long-awaited upgrade is getting closer as developers set a final timeline

Tenkun is coming. and Ethereum will be many As a result, according to the developers, it has become cheaper.

Blog post from the Ethereum Foundation yesterday Confirmed The next two phases of the long-awaited upgrade, Sepolia and Holesky testnets, are scheduled to be completed by early next month.

This means that the upgrade should be live on mainnet by March.

The post said, “If the upgrade of Sepolia and Holsky goes well, Dencoon is scheduled for the next Ethereum mainnet,” adding that Sepolia is scheduled to be completed on January 30th and Holsky is scheduled to be completed on testnet on February 7th. .

These incremental steps are one of the final steps needed to make Ethereum faster and cheaper, the developers promise.

Ethereum, the blockchain underlying ETH, the second-largest cryptocurrency by market capitalization, is notorious for network clogs.

This makes it difficult and expensive for those who want to use it to build apps or send funds.

But those behind the technology say the latest upgrade will address the network’s scalability issues.

One of the upgrade’s features, called proto-danksharding (or EIP-4844), means the network can inexpensively process more than 100,000 transactions per second.

Developers say they will do this by making Ethereum layer 2 solutions like Optimism much cheaper.

Ethereum’s layer 2 solutions are where the majority of Ethereum activity takes place, according to a report from market intelligence firm Messari. assert october. They run in parallel to the main network, so transactions can be processed quickly, essentially around the Ethereum blockchain.

Ethereum is constantly improving. Most notably, in 2022 the network switched from proof-of-work to proof-of-stake. “absorption.”

Edited by Ryan Ozawa.