TL;DR
- Ethereum’s core developers successfully implemented the Dencun update on the Holesky test network.
- Dencun combines Cancun and Deneb, focusing on the execution layer and the consensus layer. It introduces “blobs” to reduce storage demands and transaction costs on the network.
- The deployment on Ethereum’s main network is expected in March, with the date yet to be confirmed.
In an important step for the evolution of Ethereum, the network’s core developers successfully implemented the Dencun update on the Holesky test network. This update marks the final step before its deployment on the main network in March.
Dencun is the result of combining two previous Ethereum updates: Cancun and Deneb. While Cancun focuses on improvements in the execution layer, Deneb aims to enhance the consensus layer. The main feature of Dencun is proto-danksharding, identified as EIP-4844, which introduces “blobs.”
Holesky 🤝 blobs
Dencun is live on the Holesky testnet! Nethermind nodes are green 🟢Mainnet, you’re next 🔜 pic.twitter.com/ZoQqxX4jnb
— Nethermind (@NethermindEth) February 7, 2024
These blobs allow for temporary storage and access to large amounts of off-chain data, reducing storage demands and transaction costs on the network. This is particularly beneficial for Ethereum’s decentralized applications (dapps), as it enables more cost-effective and scalable data processing, especially for Layer 2 rollup chains.
With Testing Phases Completed, Only Deployment on Ethereum’s Main Network is Left
The deployment of Dencun on the Holesky test network is the final step of a carefully planned process. Previously, the update had been implemented on the Goerli and Sepolia test networks. This phased approach allows developers to evaluate and adjust the update before its release on the main network, ensuring a smooth and successful transition.
The implementation of Dencun on the Holesky test network was efficient and concluded swiftly. This has raised expectations for the next step: deployment on Ethereum’s main network. The date for this deployment is expected to be set during the upcoming ETH Core Developers call, which will take place later today. Although an exact date has not been confirmed, it is estimated that deployment on the main network will occur in early to mid-March.
This update represents a significant advancement for Ethereum and its developer community. Not only does it introduce important technical improvements, but it also demonstrates ETH’s ongoing commitment to innovation and network improvement. Additionally, it will significantly reduce transaction costs. With Dencun, Ethereum is poised to offer a more efficient and scalable experience, paving the way for a more promising and robust future for the platform and its users.
