Ethereum's Dencun Upgrade Aims to Solve Scaling Issues and Lower Fees, But Relief May Take Years

• Ethereum completed an upgrade called Dencun to help solve scaling issues and reduce high gas fees • Dencun combines upgrades to how transactions are processed and how network users agree on blockchain state
• It will lower costs for Layer 2 networks built on Ethereum by changing how their data is stored on the main chain • Users transacting directly on Ethereum's main network won't see lower fees until 2026-2027 • Experts say Dencun could have a very positive impact on Ether's price as it enables many new applications