The Ethereum Cancun upgrade (also known as the “Cancun-Deneb” upgrade) is a concerted effort by Ethereum to bolster its infrastructure and address unresolved issues after the Shanghai upgrade.
The Cancun upgrade is based on four Ethereum Improvement Proposals (EIPs): EIP-4844, EIP-1153, EIP-4788, and EIP-6780. Together, the implementation of these EIPs will provide many benefits, including improved scalability, enhanced data storage and availability, and reduced transaction costs.
The Ethereum Cancun upgrade represents an important advancement in the Ethereum blockchain, aimed at fortifying the network's scalability, security, and overall efficiency. This upgrade introduces the concept of proto-dank sharding, an important step toward optimizing data management and enhancing transaction affordability within the Ethereum ecosystem.
While no specific date has been announced for the Ethereum Cancun-Deneb upgrade, it is anticipated to go live in the first half of 2024. With the network undergoing rigorous testing and optimization, the Ethereum community eagerly anticipates the official launch, expecting a transformative shift in the way Ethereum handles transactions and manages data within its ecosystem.
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