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

The ‘Black Friday’ Crypto Crash That Wiped Out $136B Was Caused By…
The ‘Black Friday’ Crypto Crash That Wiped Out $136B Was Caused By…

Even though markets have not closed, it seems reasonable to assume it was the month's "Black Friday." With market losses of $137 billion over the previous 24 hours, these are some of the likely explanations.

Crypto
The Dow Is Dipping, Alibaba Is Jumping - The Stock Market
The Dow Is Dipping, Alibaba Is Jumping — and What Else Is Happening in the Stock Market Today

Stocks on the Nasdaq are being bought up partially because their earnings are less vulnerable to swings in economic demand, which might weaken as interest rates increase. Higher long-term bond rates, to be sure, put a bigger hole in tech values, but those rates haven't yet broken out to new highs.

Stocks
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Oliver

Benefits of Using Cryptocurrency Services for Merchants
Many people around the world have undoubtedly heard of blockchain technology and cryptocurrencies. Crypto wallets, as well as alternative payment methods, are evolving alongside it, and they are transforming the way we do business online. Merchants using payment processors convert bitcoins and other crypto assets instantly into fiat currency.

discover
ICT Trading Explained

Сonstantine

ICT Trading Explained: Smart Money Concepts, Tools and Setups

Many traders get stopped out just seconds before the market moves in their favor, and that’s not bad luck. ICT trading, developed by Michael J. Huddleston (Inner Circle Trader), reveals how institutional players engineer prices to trap the crowd and collect liquidity. This guide strips away indicators and noise, teaching you how to read the […]

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

    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

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid
    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.