Posted 3/11/2024, 6:18:18 PM
Ethereum's Dencun Upgrade to Enable Faster, Cheaper Transactions on Layer 2 Networks
- Ethereum's Dencun upgrade happening in 2 days, seen as a major milestone since the Merge
- Will introduce "protodanksharding" to allow lower gas fees on Layer 2 networks like Polygon
- Makes Layer 2 networks direct beneficiaries through more efficient transaction batching
- Represents a pivot to using Layer 2s as Ethereum's execution layer, with Ethereum as the settlement layer
- Expected to reduce submission fees to Ethereum by allowing more transactions per block
