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Developing Several Layer-2 Solutions: ‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken Timsit
29.3.2024
The recent surge in Ethereum gas fees can be attributed to the rise in decentralized finance (defi) activity and the growing popularity of layer 2 (L2) chains such as Arbitrum and Optimism, Ken Timsit, managing director of Cronos Labs, has said. Timsit however agreed that the recent Dencun upgrade...
Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented ‘Blob Contention’
28.3.2024
Following the debut of the Dencun upgrade and Ethereum blobs, enthusiasts have devised methods to embed data akin to how Ordinal inscriptions operate. Since this development, inscription-based activities now account for over 40% of blob transactions, leading to a significant increase in network...
Layer 2 Blockchain Opens New Doors Following Ethereum’s Dencun Upgrade
19.3.2024
An Ethereum layer 2 network, Base, has established user metrics incubated by Coinbase, the popular centralized cryptocurrency exchange, that have surged since the Dencun upgrade was made on Ethereum on 13 March. It lowered transaction fees by almost 98% on layer 2 networks. The Dencun upgrade...
Ethereum’s Dencun Upgrade: Boon for L2 tokens or just hype?
15.3.2024
One of the most-awaited updates in the blockchain market is now live: the Dencun Upgrade. Ethereum initiated the clock for its launch in early February. Speculations were that layer-2 tokens would get a boost, and Dencun Upgraded reported a commitment to bring down the average cost. It has done...
Possible effect of Ethereum’s Dencun Upgrade on Layer-2 tokens
14.3.2024
Ethereum’s Dencun upgrade is slated to go live in the middle of March 2024. All eyes are on its Dencun Upgrade, which commits to bringing economic cost and efficiency transactions to the native network. Also, there are speculations that layer-2 tokens could get a potential boost from Dencun...
Layer 2 Blockchains Become Cheaper After Ethereum's Dencun Upgrade
14.3.2024
The upgrade allows layer 2 solutions to store data in "blobs" instead of the expensive call data
Layer-2 Blockchain Blast Grinds to a Halt During Ethereum Dencun Upgrade
14.3.2024
A Blast block explorer reported that the Blast network had encountered a disruption in block production due to the Ethereum Dencun upgrade.
The post Layer-2 Blockchain Blast Grinds to a Halt During Ethereum Dencun Upgrade appeared first on Cryptonews
Polygon Developer: Dencun Upgrade Will Hit the Zkevm Testnet in April
13.3.2024
The Ethereum Dencun upgrade is bringing EIP-4844, which introduces efficient data storage to potentially reduce transaction costs on layer-2 solutions like Polygon zkEVM. The upgrade hits testnet in April.
The post Polygon Developer: Dencun Upgrade Will Hit the Zkevm Testnet in April appeared first...
Ethereum’s Dencun Upgrade Goes Live, Promises Lower Fees and Enhanced Scalability
13.3.2024
The Dencun upgrade was seamlessly integrated into the Ethereum mainnet at 9:55 Eastern Time (ET) on March 13, 2024. The upgrade officially went live at Beacon slot 8626176. Ethereum’s Leap Forward with Dencun Upgrade Expected to drastically lower the transaction costs for layer two (L2)...
How COTI V2 Benefits from the Ethereum Dencun Upgrade
13.3.2024
COTI V2, a privacy-centric Layer 2 solution built on the Ethereum network, is expected to grow exponentially due to its close link to the Ethereum blockchain. As the Ethereum ecosystem strives for optimal performance, security, and scalability, COTI V2 is also readily aligning itself with...
Ethereum Price Prediction as Dencun Upgrade Successfully Goes Live – Where Next for ETH?
13.3.2024
The Ethereum (ETH) price is consolidating just below $4,000 and close to multi-year highs in wake of the successful implementation of the Dencun upgrade, that, amongst other things, is set to deliver a major boost to the Ethereum ecosystem via delivering a significant reduction in Ethereum layer-2...
Arbitrum's ARB, Polygon's MATIC Lead Gains as Ethereum's Dencun Upgrade Goes Live
13.3.2024
Ethereum's Dencun upgrade enabled a new way of storing data that was forecast to dramatically cut costs for interacting with layer-2 networks
Blast Network Temporarily Halts Amid Dencun Upgrade; Fix Deployed
13.3.2024
Blast, a new Ethereum layer two (L2) scaling solution, paused its block production due to issues arising from the recent Dencun upgrade on the Ethereum mainnet, with its team diligently seeking a fix. Since launching its mainnet on Feb. 29, 2024, and amassing billions in crypto assets through...
Blast Blockchain Locks Up Amid Ethereum's Dencun Upgrade
13.3.2024
Ethereum Activates 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees
13.3.2024
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost
Ethereum Dencun Upgrade: Everything You Need to Know Before the Launch Today
13.3.2024
Ethereum users are gearing up for the highly anticipated Dencun upgrade, set to introduce the most significant code change to the blockchain in over a year.
The post Ethereum Dencun Upgrade: Everything You Need to Know Before the Launch Today appeared first on Cryptonews
Ether Could See Price Correction After Dencun Upgrade, QCP Capital Says
13.3.2024
QCP's sentiment towards ETH is cautiously optimistic, with concerns about potential corrections and the impact of leverage in the market
Ethereum Layer 2 Tokens gain interest before Dencun Upgrade
13.3.2024
The Dencun upgrade to Ethereum is anticipated to significantly reduce transaction fees on layer-2 networks and enhance the scalability of Ethereum as a whole. The cryptocurrency has garnered investor attention and witnessed an appreciation in value for Ethereum Layer 2 (L2) tokens due to...
Dencun Goes Live On Gnosis, Ethereum Next In Line
12.3.2024
The Ethereum Dencun upgrade has successfully launched on Gnosis Chain, showcasing its potential to lower transaction costs and significantly boost the performance of layer-2 solutions. Ethereum's mainnet activation is imminent, promising a more efficient and affordable blockchain experience...
Ethereum Blockchain Counts Down to 'Dencun' Upgrade, Set to Reduce Fees
12.3.2024
The upgrade is designed to usher in a new era of cheaper fees for the growing array of layer-2 networks that operate on top of Ethereum