The Dencun upgrade going live on Sepolia is one of the two remaining steps required to launch the update on the Ethereum mainnet. Ethereum has long been plagued with lower scalability and high gas fees. For this, it has continued to receive intense backlash from industry analysts like legendary trader Peter Brandt, who considers its high cost of operation a basis for its demise in the long term.
The Dencun upgrade will attempt to resolve scalability issues while also making Ethereum more cost-effective as a protocol. The Dencun upgrade will specifically introduce proto-danksharding, a compressed data storage mechanism dubbed “blobs” to help optimize performance.
Development efforts are now in their advanced stages as the upgrade was launched on the Goerli testnet earlier this month. The last step before the mainnet debut will be to launch on the Holesky testnet, an upgrade that is scheduled for Feb. 7.
With the Dencun upgrade, many of the pain points on Ethereum can be resolved, thus making the protocol more attractive to developers and end users overall. With the upgrade, Ethereum is poised to extend its dominance as the top blockchain of choice for all things decentralized finance (DeFi) and more.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
