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Ethereum Implements Dencun Network Upgrade on Goerli Testnet
Ethereum has successfully implemented the Dencun network upgrade on the Goerli testnet. The Dencun upgrade follows the Shapella upgrade (also known as the Shanghai upgrade) in 2023 and prominently features the implementation of EIP-4844, known as proto-danksharding, which allows for the temporary storage of off-chain data, easing the storage demands on Ethereum nodes.
Impact of Dencun Upgrade
The Dencun upgrade is anticipated to significantly lower transaction fees for decentralized applications (dApps), particularly benefiting Layer 2 rollup chains.
Dencun and Goerli Testnet
The Dencun upgrade will be the last upgrade for the Goerli testnet before the developers stop supporting it. Teams are encouraged to migrate elsewhere prior to the exit of validators from the testnet. Application and tooling developers are recommended to use Sepolia for testing decentralized applications, while stakers and infrastructure providers concerned with protocol-level testing are encouraged to use the newly launched Holesky testnet.
Introduction of “Dencun”
The upgrade is named “Dencun” as it combines the naming conventions for Ethereum’s consensus and execution layer upgrades, merging “Deneb,” a first-magnitude star in the Cygnus constellation, with “Cancun,” the host city for Devcon 3, reflecting the collaborative nature of the upgrade across both layers of Ethereum’s architecture.
Ethereum Co-Founder’s Perspective
Ethereum co-founder Vitalik Buterin has sparked a debate about the classification of layer 2 scaling solutions, particularly focusing on Ethereum’s validiums. He asserts that validiums, which use off-chain data storage, should not be considered true rollup solutions. The discussion in the Ethereum community regarding the evolution and categorization of its scaling solutions has become increasingly relevant as Ethereum now moves forward with its Dencun upgrade.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
