Ethereum developers have deployed the Dencun hard fork on the Goerli testnet

The upgrade includes the EIP-4844 improvement, which is designed to improve network capacity and reduce the cost of transaction fees

17.01.2024 - 12:50

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What’s new? On January 17, Ethereum blockchain developers rolled out the Dencun upgrade on the Goerli testnet. The hard fork was not completed due to a potential network split and a bug related to validator synchronization. Ethereum client teams are expected to implement a fix after investigating the issue.

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What else is known? The Dencun hard fork includes the Ethereum Improvement Proposal (EIP) number 4844. EIP-4844 will introduce proto-danksharding into the mainnet, which scales the blockchain by introducing a new type of transaction for large binary data sets (blob objects).

Thus, transactions carry data objects attached to blocks, which increases the amount of information that blocks can process. This is expected to reduce transaction costs in decentralized applications (DApps) and increase network throughput.

Dencun will be launched on the Sepolia and Holesky testnets on January 31 and February 7, respectively. The final release on the mainnet is expected by the end of Q1 2024.

In October 2023, the team of the Centrifuge DeFi protocol developed the EIP-7540 proposal to extend the functionality of cross-chain lending and liquidity staking protocols, as well as real-world asset (RWA) projects.

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