Ethereum 2024 Major Expectation: The DenCun Cancun upgrade, aiming to deploy the testnet in January.

Ethereum is preparing for its upcoming "Dencun" upgrade. This highly anticipated development will revolutionize Ethereum by enhancing data storage capacity through a new process called "proto-danksharding."

Heading Towards Dencun Cancun: Key Dates and Expectations

Deployment on Testnet

Ethereum developers have set January 17th as the target date to deploy the Dencun upgrade on the Goerli testnet. This is a crucial step for fine-tuning before the upgrade is fully integrated into the Ethereum mainnet.

Engineering Challenges

The Dencun upgrade, initially planned for release in the last quarter of 2023, has been rescheduled to 2024 due to complex engineering issues.

Ethereum Upgrade: Developers Confirm Mainnet "Cancun Upgrade" Will Not Be Implemented This Year

Further Testnets and Mainnet Deployment

Ethereum developers also plan to deploy the upgrade on other testnets including Sepolia and Holesky, with the final deployment on the mainnet expected around the end of February.

Dencun Cancun Enhancing Ethereum Scalability

Proto-Danksharding: A key component of the Dencun upgrade is "Proto-Danksharding." This new process aims to significantly reduce the costs of L2 Rollup and expand the blockchain's capacity for data storage Learn about data blobs.

Last Ethereum Upgrade: From Shapella to Dencun

Last Ethereum Upgrade

Dencun is another significant upgrade following the earlier "Shapella" improvement this year, allowing Ethereum beacon chain node validators to withdraw staked ETH.

Ethereum Shapella Upgrade 4/13 Arrives! Staked ETH Withdrawal Open, What to Watch Out For?

Recent Performance of L2 Tokens

The recent surge in L2 tokens has attracted attention, with researchers suggesting that it is on the eve of competition opened by the Dencun Cancun upgrade, with many new L2 contenders joining the challenge: