In the ever-evolving world of blockchain, Ethereum, one of the leading platforms, has been at the forefront of anticipation for its much-anticipated upgrade known as “Dencun.”
However, recent developments suggest that we might have to exercise patience, as there are indications of a potential delay in the upgrade’s rollout until next year.
Dencum which was set to be the next golden upgrade on the Ethereum network, with better features to like efficient storage systems was expected to be released later this year.
However, due to some hitches, it was agreed during the 118th consensus layer meeting that the upgrade is not yet ready to be introduced since it is still in the devnet phase.
In the meeting led by Tim Beiko, a prominent figure in the Ethereum Foundation, there were also further talks to have Dencun Upgrade tested on a local developer network called “Devnet 9” this week.
Beiko mentioned that should the Dencun upgrade fail to reach the public testnet before the upcoming Devconnect event in November 2023, there is a chance that the expected mainnet implementation for the upgrade may be delayed beyond this year, as initially planned.
Despite the potential for delay, Ethereum’s commitment to continuous improvement remains their priority. The Dencun upgrade, when it eventually arrives, is expected to usher in a new era of efficiency and scalability for the platform.
In the meantime, users and developers are encouraged to stay up-to-date on the latest news and progress on the upgrade.
The Dencun upgrade will make two important changes to Ethereum.
First, it will improve the part of Ethereum that runs smart contracts. Secondly, it will improve how Ethereum agrees on transactions using staking. The part that improves smart contracts is “Cancun,” and the part that improves staking is “Deneb.”
Together, this upgrade is called”Cancun-Deneb.” or Cancun.
According to Yahoo Finance, one of the most exciting parts of the Cancun-Deneb upgrade is Ethereum Improvement Proposal 4844, also known as proto-danksharding.
This proposal plans to make Ethereum work better by allowing it to store and use data more efficiently which in turn, will help blockchain apps that need a lot of data and storage.
When this change is made, it should also make it cheaper to use Layer 2 solutions like Optimism and Arbitrum, which are already in use on Ethereum.