Ethereum Dencun Upgrade 2024: Prepare for Biggest Update Since the Merge

Mar 14, 2024

Ethereum Dencun Upgrade Drives Network Evolution

It is a historic day for Ethereum, the world’s leading smart contract platform, as it is on the brink of its most significant upgrade since the Merge. 

As the Ethereum all-time high price moves above $4,000, anticipation grows for the Dencun upgrade scheduled for March 13, 2024. This upgrade promises to revolutionise Layer 2 (L2) networks and potentially propel Ethereum to new all-time highs.

The Dencun upgrade, also referred to as the Deneb-Cancun upgrade, encompasses nine Ethereum Improvement Proposals (EIPs), with EIP-4844, or proto-danksharding, standing out as the headline act. 

This eagerly awaited upgrade is expected to seriously decrease gas fees on L2 networks, addressing a long-standing concern within the ETH society.

What is the Concept of ETH Deneb-Cancun Upgrade?

The Dencun upgrade marks the initiation of “The Surge” era in the Ethereum roadmap, prioritising scalability to achieve unprecedented transaction throughput. Among the nine EIPs, EIP-4844 introduces temporary storage space called “data blobs” for L2 networks, enhancing data availability capacity on the Ethereum mainnet. 

This enhancement is dignified to lower gas fees on L2 networks, revolutionising user experience and enabling Ethereum to compete with global payment giants.

When is Ethereum Dencun Going Live?

The Eth Dencun upgrade went live on March 13, 2024, at “Beacon Slot 8626176.” The deployment is scheduled for 9:55 a.m. ET / 1:55 p.m. GMT, marking a pivotal moment in Ethereum’s journey towards scalability and efficiency.

Ethereum Dencun EIPs Explained

The nine EIPs included in the Dencun upgrade offer a comprehensive overhaul of Ethereum’s infrastructure. From optimising gas fee usage with EIP-1153 to enhancing cross-chain communication with EIP-4788, each proposal plays a crucial role in Ethereum’s evolution towards full danksharding.

Key Benefits of the Ethereum Next Upgrade

The Dencun upgrade promises several benefits, including enhanced scalability, reduced gas fees, improved security, and better cross-chain communication. These enhancements set the stage for Ethereum’s transition towards full danksharding, a monumental achievement in blockchain scalability.

What the Experts Say About this Upgrade?

Experts have expressed optimism about the Dencun upgrade, highlighting its potential to decongest the Ethereum mainnet and lower gas fees for users. However, some caution that the upgrade may not directly impact gas fees on the mainnet, underscoring the complexity of Ethereum’s scalability challenges.

Ethereum’s Future

In parallel with the Ethereum Dencun upgrade, excitement mounts within the Ethereum community. With its prospect to revolutionise L2 networks and drive ETH prices to new heights, this upgrade represents a significant milestone in Ethereum’s path towards scalability, efficiency, and innovation. 

As the Dencun upgrade countdown has now ended, all eyes are on Ethereum and its future.

Subscribe Our Newsletter

eToro Lawsuit Settles

Hazem

eToro Lawsuit Settles at $1.5 Million Payment and Ceasing Crypto Operations in The US

The SEC and eToro reached a settlement after the exchange agreed to pay $1.5m and limit its crypto offerings to US investors. How will this affect eToro?

Crypto
War, Inflation, Rising Interest Rates: 6 Stocks For Tumultuous Times
War, Inflation, Rising Interest Rates: 6 Stocks For Tumultuous Times

Earnings are also important. "You want a firm with a high E in its P/E ratio," Young explains. Constantly rising revenues compensate for any compression in price/earnings ratios caused by inflation or geopolitical turmoil.

Banks and Finance
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Oto

Top 10 Richest People of The World: 2024 Edition
Read about the top 10 richest individuals of 2024 to see who drives world finance and the industries that contribute to their enormous wealth.

discover
prop trading

Constantine

Prop Trading: What Is It And How Does It Work?

Explore the world of prop trading and learn about what it is, its benefits, and what varieties exist today.

Trading
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Hazem

    MetaTrader vs cTrader: Which Trading Platform Shall You Choose?

    MetaTrader vs cTrader: The Full Breakdown

    Сonstantine

    Will Dogecoin Reach $1? Tokenomics and Price Analysis

    Will Dogecoin Reach 1 Dollar Analysis

    Сonstantine

    How to Get a Crypto Exchange License?

    How to Get Crypto Exchange License

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.