Ethereum Developers Target January for First Testnet Deployment of Next Big Upgrade, ‘Dencun’

Ethereum developers are making significant progress in preparing for the upcoming Dencun upgrade, a highly anticipated milestone that aims to enhance the network’s data storage capacity through a new process called “proto-danksharding.” The developers have set a target date of January 17 for the Goerli test network to undergo Dencun’s deployment, which will enable layer 2 rollups and scale the blockchain by increasing the space for data “blobs.” If all goes well, the developers plan to release a blog post about the fork in the week of January 8, providing users with a week to update their systems. Following the test on Goerli, additional test networks, such as Sepolia and Holesky, are scheduled for late January and early February, with the mainnet upgrade slated for the end of February, pending successful testnet forks. Dencun represents the first major upgrade since Shapella, which facilitated staked ether withdrawals.

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Background

Overview of Ethereum Developers’ Dencun Upgrade

The Ethereum developers are currently working on a major upgrade known as Dencun. This upgrade aims to enhance the Ethereum network by introducing new features and improving its overall performance. One of the key components of the Dencun upgrade is the implementation of “proto-danksharding,” which will significantly increase the data storage capacity of the blockchain. Additionally, the upgrade will reduce fees for layer 2 rollups, making transactions more cost-effective for users.

Importance of the Upgrade

The Dencun upgrade holds great importance for the Ethereum network and its community. By increasing the data storage capacity and reducing transaction fees, the upgrade will enhance scalability and improve the overall user experience on the Ethereum platform. As Ethereum continues to grow in popularity and adoption, it is crucial to have a network that can handle increased demand and provide efficient and affordable services to its users.

Engineering Complexities Delaying the Upgrade

Although the Dencun upgrade was initially planned for the last quarter of 2023, it has been pushed back to 2024 due to engineering complexities. The Ethereum developers want to ensure that the upgrade is thoroughly tested and any potential issues or bugs are addressed before it is deployed. By taking the time to address these complexities, the developers aim to ensure a smooth and successful upgrade that meets the needs of the Ethereum community.

Testnet Deployment Targets

Targeting Jan. 17 for Goerli Testnet Deployment

The Ethereum developers have set a target date of Jan. 17 for the deployment of the Dencun upgrade on the Goerli testnet. This testnet deployment will allow developers to test the new features and functionalities of the upgrade in a controlled environment. By running the upgrade on the testnet, any potential issues or bugs can be identified and addressed before the upgrade is deployed on the main Ethereum blockchain.

Possibility of Cancellation

While the Ethereum developers are targeting Jan. 17 for the Goerli testnet deployment, they acknowledge the possibility of cancellation if any major issues are discovered during testing. The developers prioritize the stability and security of the network, and if any critical issues are identified, they will postpone the deployment until the issues are resolved. This cautious approach ensures that the upgrade is thoroughly tested and meets the necessary standards before being implemented.

Schedule for Subsequent Testnet Deployments

In addition to the Goerli testnet deployment on Jan. 17, the Ethereum developers have outlined a schedule for subsequent testnet deployments. The developers plan to run the Dencun upgrade on the Sepolia testnet on Jan. 31, followed by the Holesky testnet on Feb. 7. These testnet deployments will provide further opportunities for testing and improvement before the upgrade is deployed on the mainnet, which is currently scheduled for the end of February. However, it is important to note that these dates are subject to change based on the outcomes of the testnet forks and any necessary adjustments to the upgrade.

Dencun Upgrade Details

Introduction of Proto-Danksharding

One of the main highlights of the Dencun upgrade is the introduction of “proto-danksharding.” This feature significantly increases the data storage capacity of the Ethereum blockchain, allowing it to handle larger volumes of data. By implementing proto-danksharding, the Ethereum network will become more scalable and capable of supporting a wide range of decentralized applications (dApps) and smart contracts.

Reduction of Fees for Layer 2 Rollups

Another key aspect of the Dencun upgrade is the reduction of fees for layer 2 rollups. Layer 2 solutions are built on top of the Ethereum network and enable faster and more cost-effective transactions. However, the fees associated with layer 2 rollups can still be a barrier for some users. With the Dencun upgrade, these fees will be reduced, making layer 2 rollups even more accessible and affordable for Ethereum users.

Increased Data Storage Capacity

The Dencun upgrade also aims to increase the data storage capacity of the Ethereum network. This improvement is crucial as the Ethereum network continues to see growing demand and the need for more storage. By increasing the data storage capacity, the upgrade ensures that the Ethereum network can handle large volumes of data without sacrificing performance or scalability.

Previous Upgrade: Shapella

Overview of Shapella Upgrade

Before the Dencun upgrade, the Ethereum network underwent the Shapella upgrade. This previous upgrade introduced various improvements to the Ethereum network, including optimizations for gas fees and transaction processing. The Shapella upgrade played a crucial role in enhancing the performance and efficiency of the Ethereum network.

Impact on Staked Ether (ETH) Withdrawals

One notable impact of the Shapella upgrade was the enablement of staked Ether (ETH) withdrawals from the Ethereum blockchain. This improvement allowed users to withdraw their staked Ether and regain access to their funds. By enabling this feature, the Shapella upgrade provided greater flexibility and control for users who participate in staking on the Ethereum network.

Testnet Fork Outcomes

Uncertainty of Deployment Dates

The deployment dates for the Dencun upgrade on both testnets and the mainnet remain somewhat uncertain. While the Ethereum developers have outlined target dates for the testnet deployments, they acknowledge the possibility of delays or changes based on the outcomes of the testnet forks. The developers prioritize thorough testing and will make adjustments as needed to ensure the stability and functionality of the upgrade.

Possible Changes Based on Testnet Results

The testnet deployments of the Dencun upgrade will play a crucial role in identifying any potential issues or bugs. Based on the results of these testnet forks, the Ethereum developers may make further changes or improvements to the upgrade. The goal is to gather feedback and address any issues before the final deployment on the mainnet. This iterative approach ensures that the upgrade meets the necessary standards and provides the desired enhancements for the Ethereum network.

Timeline of Upgrades

Dencun Upgrade as the First Major Upgrade Since Shapella

The Dencun upgrade holds significant importance as it is the first major upgrade to the Ethereum network since the Shapella upgrade. It represents a major step forward in the continuous development and improvement of the Ethereum protocol. By introducing new features and addressing engineering complexities, the Dencun upgrade aims to enhance the scalability, performance, and usability of the Ethereum network.

Importance of Continued Development and Improvement

The Ethereum network is constantly evolving, and the development and improvement of the protocol are crucial to its long-term success. The Dencun upgrade is just one example of the ongoing efforts to enhance the Ethereum network and meet the needs of its users. As the blockchain industry continues to evolve, it is essential to prioritize continued development and improvement to ensure that Ethereum remains a leading platform for decentralized applications and smart contracts.

CoinDesk Acquisition

Acquisition by Bullish Group

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Author Information

Background of Margaux Nijkerk

Margaux Nijkerk is a journalist with expertise in covering the Ethereum protocol and layer 2 solutions. She holds a small amount of ETH and other altcoins. Nijkerk graduated from Johns Hopkins and Emory universities, with a master’s degree in International Affairs and Economics. With her educational background and experience, Nijkerk brings a deep understanding of the Ethereum ecosystem and its developments to her reporting.

Experience and Coverage of Ethereum Protocol and L2s

Margaux Nijkerk has extensive experience covering the Ethereum protocol and layer 2 solutions. Her reporting provides detailed insights into the latest developments, upgrades, and advancements in the Ethereum network. Nijkerk’s expertise allows her to analyze and explain complex technical concepts in a clear and concise manner, making her reporting accessible to a wide range of readers. Her coverage of the Ethereum protocol and layer 2 solutions provides valuable information to individuals and businesses involved in the blockchain industry.

Consensus 2024

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