Ethereum's Dencun Upgrade Promises Drastic Fee Reductions Through Proto-Danksharding

• Dencun is the biggest Ethereum upgrade since The Merge to proof-of-stake over a year ago • It will make layer 2 transactions incredibly cheap, leading to more activity moving to rollups • Introduces "Proto-Danksharding" to change how data is stored, making it cheaper • Named after researchers Dankrad Feist & Proto Lambda who proposed the data storage simplification • Required a "Trusted Setup" ceremony with tens of thousands generating random data strings