Ethereum’s next “Cancun-Deneb” upgrade expects to occur later this year

04/23 00:56

According to The Block, on Thursday, Ethereum core developers convened to plan code modifications for the blockchain's consensus layer in preparation for the next upgrade, Cancun-Deneb. After activating the Shapella upgrade earlier this month — which introduced validator withdrawals — developers are now making progress on the next upgrade, referred to as "Cancun-Deneb," expected to occur later this year. The most significant change anticipated in Ethereum's Cancun-Deneb upgrade later this year will be Ethereum Improvement Proposal (EIP) 4844, also known as "proto-danksharding." EIP-4844 seeks to augment Ethereum's scalability beyond the current capabilities of Layer 2 solutions. EIP-4844 aims to bring temporary storage and retrieval of off-chain data by Ethereum nodes to address the data and storage demands of blockchain applications. If this is successfully activated, EIP-4844 is expected to lower the cost of transactions on Layer 2 rollup solutions, including Optimism and Arbitrum, compared to their current rates. During the call, developers announced that a fifth multi-client devnet to test EIP 4844 is set to be launched in the following week. Notably, EIP-4844 has already been tested on four other devnets.
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