The Ethereum Foundation’s network developers recently unveiled a major announcement regarding the deployment schedule for the highly anticipated Dencun upgrade on the Sepolia and Holesky test nets.
The upgrade will enable additional functionalities on the Sepolia and Holesky test nets and pave the way for the successful deployment of Dencun; consequently, this significant milestone generated considerable speculation.
It is noteworthy to remark that the preliminary trials were conducted on Goerli on January 17. Before the official release and announcement of roadmap, Dencun must be implemented into the initial testnet to validate its robustness and guarantee a smooth transition to a new version of Ethereum.
The execution represents a significant progression from the initial testing phase to the practical deployment. Users and developers of Ethereum have been anticipating this final deployment with great anticipation, as it is considered to signify the start of a novel era for Layer 1 Blockchain networks focused on smart contracts.
The Ethereum Foundation blog post describes Dencun, which includes modifications to the consensus and execution layers of the Ethereum blockchain network. The upgrade will encompass several significant modifications, including the EIP-4844 for Shard Blob Transactions. This will contribute to the reduction of Layer 2 transaction fees.
Additional significant enhancements consist of EIP-1153 for transient storage opcodes and EIP 4788, which implements a beacon block root in the EVM. This Dencun upgrade seeks to increase the flexibility and usability of the Ethereum blockchain network across industries by decreasing transaction fees and accelerating transaction speeds, thereby enhancing the accessibility and usability of the Ethereum Foundation.
For non-staking Sepolia/Holesky node operators, users will need to update their node’s consensus layer and execution clients to the version listed on the official website. Stakers who wish to run through the Dencun upgrade process before the launch of the mainnet can use https://ephemery.dev/, which supports Dencun.
The integration of Dencun is, therefore, massive in terms of increased use and accessibility to the Ethereum blockchain due to the radical reduction of transaction costs, which will also certainly stimulate the introduction of more layer two innovations.