Ethereum Dencun Upgrade: 2 Important Dates to Watch!

  • Galaxy Researcher Christine Kim has revealed two crucial dates that community members should now consider.
  • Regarding the activation of test networks, client versions for both upgrades will be compiled and shared in a blog post on January 23.
  • The final launch on the Goerli test network marks a significant milestone towards integration into the Ethereum mainnet.

Developments on Ethereum Dencun Upgrade: What Dates Should Investors Follow Now?

Developments Regarding Ethereum Dencun Update

ethereum-eth

Following the successful launch of the Ethereum Dencun Upgrade on the Goerli test network, Galaxy Researcher Christine Kim has disclosed two important dates that the community should now consider.

While the Ethereum Dencun upgrade is expected to be activated on the Sepolia test network by January 30, the same upgrade’s activation date on the Holesky test network is currently planned for February 7. Regarding the activation of test networks, client versions for both upgrades will be compiled and shared in a blog post on January 23.

The Ethereum Dencun Upgrade has been long-awaited and initially planned for a start in 2023. However, due to specific inconsistencies, the launch date has been continuously postponed to a preferred date. Client developers confirmed in October that they would not implement the hard fork before the end of the year.

Developer Potuz, with the alias Prysm, stated, “There is no way we would implement a mainnet fork in 2023.” It became apparent that developer clients for the consensus layer and execution layer disagreed with each other and contributed further to the delays experienced so far.

Proposed Phased Deployment of the Upgrade

The final launch on the Goerli test network marks a significant milestone towards integration into the Ethereum mainnet. The distribution on the Goerli test network came with the implementation of EIP-4844. EIP-4844 introduces a revolutionary transaction mechanism known as Proto-Danksharding.

This brings a system that allows Ethereum nodes to temporarily store and access off-chain data, reducing transaction costs for Decentralized Applications (DApps). According to the explanation provided by Ethereum developers, this effectively reduces the load on storage resources. Soon, this will contribute to increasing the efficiency of Layer-2 rollup chains.

The future activation of the Ethereum Dencun Upgrade on the Sepolia and Holesky test networks largely depends on what unfolds on the Goerli test network in the coming weeks. Once the upgrade runs smoothly on all three test networks, activation will be the next target. The phased deployment of the Ethereum Dencun Upgrade aims to ensure a seamless transition. The Ethereum Dencun Upgrade follows the Ethereum Shapella upgrade of 2023.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Michigan Allocates $6.6 Million to Bitcoin ETFs, Joining Growing Trend Among U.S. States

The State of Michigan Retirement System has...

XRP Holdings Decline Sharply in Latest OKX Report Amid Asset Reallocation Trends

OKX has unveiled its latest monthly proof-of-reserves...

Polymarket Drives 6% of Polygon Transaction Fees, But MATIC Price Remains Unaffected

Polymarket now accounts for 6% of transaction...

BlackRock’s Massive Ethereum ETF Holdings: A Game Changer for ETH

BlackRock, the global investment titan,...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Filecoin Price Surges with Waffle Update: FIL Targets $10 Amid Network Enhancements

Filecoin makes significant strides with its new...

XRP Price Fluctuates Amid Uncertainty in SEC Settlement Talks

XRP faces renewed volatility amidst...

VeChain’s VeBetterDAO Launches New Features Amid VET Price Uncertainty

VeChain unveils enhanced VeBetterDAO features...
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Michigan Allocates $6.6 Million to Bitcoin ETFs, Joining Growing Trend Among U.S. States

The State of Michigan Retirement System has recently announced its investment in Bitcoin ETFs, exemplifying the increasing adoption of cryptocurrency by governmental...

XRP Holdings Decline Sharply in Latest OKX Report Amid Asset Reallocation Trends

OKX has unveiled its latest monthly proof-of-reserves report, illuminating the current status of user funds and exchange reserves. The report reveals...

Polymarket Drives 6% of Polygon Transaction Fees, But MATIC Price Remains Unaffected

Polymarket now accounts for 6% of transaction fees on the Polygon network However, MATIC’s price action remains relatively unaffected by its...