In a recent interview with “Unchained,” Jesse Pollak, the creator of Base and Head of Protocols at Coinbase, offered deep insights intoechnically referred to as Ethereum Improvement Proposal 4844 or proto-dank sharding, it represents a significant milestone in Ethereum’s ongoing evolution.Pollak explained the essence of the Dencun upgrade by likening it to a carpool lane for Ethereum. He mentioned that a new resource called “blob space” allows layer 2 networks to post their data efficiently.
“This was really the first step in what is a long-term strategy for making Ethereum and the layer 2 on top of it to scale to thousands tens of thousands hundreds of thousands of transactions per second.” Tarun Chitra, the funder and CEO of Gauntlet, seemed to be cautiously optimistic about the latest upgrade. He mentioned,
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum fees spike as the network prepares for DencunThe Dencun upgrade is near, but fees have spiked to months-high as the date of the most significant Ethereum upgrade nears.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum Dencun upgrade nears: Did anything change for ETH?The wait for Ethereum’s [ETH] much-talked-about Dencun upgrade is coming to an end, as it is scheduled to happen in a few hours.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum Network Finishes Cost-Cutting 'Dencun' Software UpgradeThe Ethereum network has completed a cost-cutting software upgrade called 'Dencun', aiming to improve efficiency and reduce expenses of transactions on the Ethereum blockchain.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Bitcoin price hits $73,725, Ethereum gets Dencun upgrade as bull market ramps upThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Ethereum’s Dencun killing L2 fees by 92%: Will Optimism, ARB pump now?Leading layer 2 networks have witnessed a significant drop in transaction fees in the past 24 hours following the successful deployment of...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Why Ethereum’s rally above $4K may not be good news for youLeading altcoin Ethereum [ETH] faces a potential short-term pullback after it traded briefly at a three-year high on 8th March.
Source: CryptoAmb - 🏆 22. / 68 Read more »