After weeks of continuous hikes, Ethereum has surged over the $4K mark, an impressive milestone for the coin. Ethereum Price is currently trading at $4,065.08, aiming for the ATH value of $4,891.70, which is just 16% higher than the current one. It is just a start for the coin, as there’s more coming with the Ethereum Dencum upgrade.
This blog covers everything you should know about the most awaited Dencum upgrade.
Introducing Ethereum Dencun Upgrade
Ethereum Deneb-Cancun or Dencun is a network upgrade that is taking place today to improve the user experience and help in lowering transaction fees for users. With this, some Layer-2 blockchain users will be relieved with the highly charged transaction fees.
In an effort to prioritize scalability, efficiency, and security, the Ethereum network has opted for Ethereum Improvement Proposals (EIPs) like EIP-4844, which focuses on proto-danksharding.
This upgrade will focus on three main objectives, beginning with improving the scalability
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