Final lineup of changes for ‘Dencun’ upgrade in Ethereum confirmed by developers.

On Thursday, Ethereum developers agreed on the complete scope of the network’s upcoming upgrade, called “Dencun.” The upgrade, also known as a hard fork, is expected to take place later this year and includes five Ethereum Improvement Proposals (EIPs) designed to add more storage for data and reduce fees.

At the heart of this upgrade is EIP-4844, which is more commonly known as proto-danksharding. This feature will scale the blockchain by creating more space for “blobs” of data, which is then expected to reduce gas fees for layer 2 rollups.

The other EIPs that made the cut are:

• EIP-1153 – to reduce fees for storing data on-chain and improve block space.
• EIP-4788 – to improve designs for bridges and staking pools.
• EIP-5656 – to add minor code changes related to the Ethereum Virtual Machine.
• EIP-6780 – to get rid of code that could terminate smart contracts.

“We will also not add anything else to the fork,” said Tim Beiko, protocol support lead at the Ethereum Foundation, during the All Core Developers Execution Layer 163 call.

• ETH price drops after Jack Dorsey calls it a security. Is it too late to buy Ethereum? Check out yPredict AI Crypto Signals Platform.
• Berenberg Blockchain shares uninvestable in near term.
• SHIB price predicted to increase as $100 million trading volume enters and crypto prices recover. Here’s where SHIB is heading.

There is no exact date for when the hard fork will occur, but it is expected to go live by the end of 2023.

Dencun includes simultaneous upgrades happening on the two sides of the blockchain. The “Cancun” upgrade will take place on the execution layer, where all protocol rules reside, while the consensus layer, which ensures that blocks are validated, will go through its own fork known as “Deneb.” The name “Dencun” is a combination of the names of the simultaneous upgrades.

Now that developers have an idea of the full scope of Dencun, more rigorous testing of the upgrade can begin.

Read more: Meet ‘Dencun.’ Ethereum Developers Are Already Planning Next Hard Fork

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!