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Learning & News => News related to Crypto => Topic started by: sirty143 on January 19, 2024, 05:34:06 AM

Title: Ethereum's Dencun Upgrade Successfully Launches on Goerli Testnet After Initial
Post by: sirty143 on January 19, 2024, 05:34:06 AM
Ethereum's Dencun Upgrade Successfully Launches on Goerli Testnet After Initial Hiccups

(https://i.imgur.com/69J4IK9m.jpg)

The Ethereum network has successfully implemented the Dencun upgrade on its Goerli testnet. This achievement comes as a part of Ethereum’s ongoing effort to introduce cost-effective data storage solutions on its blockchain. See more for yourself here (https://news.bitcoin.com/ethereums-dencun-upgrade-successfully-launches-on-goerli-testnet-after-initial-hiccups/).

Your opinion is greatly appreciated.
Title: Re: Ethereum's Dencun Upgrade Successfully Launches on Goerli Testnet After Initial
Post by: TreasureWin on January 19, 2024, 05:55:58 AM
that's laudable since proto-sharding ensures higher transaction volume and lower Ethereum gas.
Title: Re: Ethereum's Dencun Upgrade Successfully Launches on Goerli Testnet After Initial
Post by: Faisal2202 on January 21, 2024, 01:49:38 PM
When I first heard about this Dencun update, I thought it would make the main net transaction fee more cost-efficient by reducing it, but now I have come to realize that, this will only reduce the transaction fee for Layer 2 Networks (i.e Optimism, Arbitrum). I mean really! All this suspense of the new update was for L2 ( I know I misinterpreted the info at first read) but what urgent attention is needed for this update? Why they are not working on the Mainnet (ERC-20) optimization update to reduce the transaction fee?

Or nothing can be done now? I know with a wider range of networks, the congestion on the Mainnet will reduce which result in lesser tx fees but I have seen 20% of Ethereum-based platforms which are creating their ecosystem on the mainnet, this number is estimated, and I am sure that there are more platform (new ones) based on the mainnet.