Ethereum has successfully released the Dencun upgrade to its mainnet.
It was successful to launch the updated on 13 March. This update aims at reducing fees and scaling the network, not just on mainnet protocols but also layer-2 protocol. Tim Beiko from the Project Team confirmed the launch.
Etherscan shows the Ethereum mainnet blocks have reached Dencun upgrade Scheduled epoch. In addition, 10 minutes after the update launch, changes in the size of commissions are observed – the average is 56 gwei.
In anticipation of its launch, Ethereum’s (ETH( price) reached $4.083, the highest since December 20,21. However, shortly after the launch, ETH reacted with a drawdown – at the time of writing, the price is $3,993.
The high cost of transactions has led to a decline in on-chain business. Ethereum Network has stagnated in the past. Dencun users should expect to see a renewed interest in network. defi Segment, fueled cyclically by growth in the entire market, ETH’s competitiveness will increase. Developer Anton Cheng noted that rollups would also be cheaper.
Dencun included Several updates have been released, one of which is the suggestion to add a perpetual signatory for withdrawals from ETH. stakingThe new version of the memory copy command includes a number of improvements, such as improved voting evaluation and limiting validators’ participation.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: crypto.news
