Finally, core developers in the Ethereum ecosystem have decided on the date that the Dencun upgrade will go live on the mainnet.
Dencun Upgrade Mainnet Scheduled Confirmed
According to Tim Beiko of the Ethereum Foundation, the Dencun upgrade is scheduled for activation at slot number 8626176 and it is estimated to happen on March 13, 2024. Moreso, Beiko announced on X that this feature will introduce blob transactions as well as transient storage.
These blobs are designed to reduce rollup costs on the Ethereum mainnet. It achieves this feat by compressing transaction data off-chain, a move that mitigates the demand for storage and processing. The news comes only a few hours after the Dencun upgrade completed its third testnet deployment on the Holesky testnet.
Once the Dencun upgrade is completed, it will enhance the capability of the Ethereum network. Precisely, the network would be expected to handle anything from 30,000 to 100,000 transactions per second (TPS). At the moment, the Et
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