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Even after countless upgrades to the Ethereum blockchain, we’re only 55% of the way done, according to Ethereum co-founder Vitalik Buterin. After successfully executing The Merge in 2022, Ethereum’s post-Merge upgrade schedule is likely to follow its original road map, which begins with the Surge and ends with the Splurge. After the detour that was the Shanghai Upgrade, which allowed Ether stakers to finally withdraw their deposited ETH, we’re seeing Ethereum’s core developers resume their post-Merge road map now that the way forward has been paved.
Known as the “Dencun” Upgrade (a portmanteau of “Deneb” and “Cancun”), the Ethereum blockchain’s upcoming upgrade aims to improve the network’s overall scalability and security. In total, the upgrade comprises five Ethereum Improvement Proposals (EIPs) that will supposedly increase data storage and lower costs.
Curious as to how the team will set out to accomplish this? From Proto-Danksharding to transient storage opcodes, here’s all you need to know about the Ethereum Dencun Upgrade and how it might impact ETH prices once it’s fully implemented this year.
Key Takeaways:
Ethereum’s Dencun Upgrade is the next major update to the network that core developers have chosen to work on.
The Ethereum Dencun Upgrade was previously scheduled for October 2023. However, it was later delayed and is now scheduled for the first quarter of 2024.
Learn from this article how you can profit from the Ethereum Dencun Upgrade.