5 Things You Need to Know for Ethereum's Latest Upgrade

IndustryTrends

Ethereum's latest upgrade, Dencun, is a significant milestone in its development, focusing on reducing transaction costs and improving scalability.

Dencun introduces Proto-Danksharding, a concept by Ethereum researchers Dankrad Feist and Proto Lambda, aiming to make L2 transactions almost free.

This upgrade is a crucial step towards Ethereum's goal of supporting various rollups and scaling layers, potentially allowing millions of transactions per second.

Proto-Danksharding represents a deviation from Ethereum's original roadmap but was chosen for its practicality and ease of implementation.

The upgrade process began with the world's largest Trusted Setup ceremony, known as the KZG Ceremony, involving tens of thousands of participants.

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