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While the Dencun upgrade is eagerly awaited on Ethereum, the Ethereum Foundation announced that the date has been clarified and the upgrade will take place on March 13, 2024, 13:55 UTC.
The Ethereum foundation said in a statement that the Dencun network upgrade has been successfully enabled on all testnets.
" Dencun network upgrade has been successfully enabled on all testnets.
It is now set for deployment on the Ethereum mainnet and will be enabled on the network during the 269568 period, at 13:55 UTC on March 13, 2024.
The Dencun network upgrade, which follows last year's Shapella upgrade, includes several changes.
Most importantly, it will help reduce L2 transaction fees, as well as the introduction of temporary data blobs with EIP-4844, also known as "protodanksharding."
While the upcoming Dencun upgrade has had a positive impact on ETH price, analysts note that the Dencun upgrade has also played a significant role in ETH's recent rise.
#ETH