The Protocol: Is Ethereum's Dencun Update All It's Cracked Up To Be?

Sam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.

The main news this week centers around today's Ethereum upgrade, Dencun, which marks the blockchain's biggest technical shift in over a year. As CoinDesk'sthe upgrade could help slice fees for Ethereum users through"proto-danksharding," an upgrade that's designed to optimize the network for layer 2 rollup networks like Optimism and Arbitrum.

. The update, Dencun, contains a slate of code changes designed to improve Ethereum for developers and make it quicker and cheaper for end-users. The main one that people are paying attention to is"proto-danksharding," which will allow abstract"blobs" of data to be posted to Ethereum alongside plain-old transactions.

Proto-danksharding, the main change coming with the Dencun update , marks Ethereum's first step down the road of"sharding," a method for increasing the chain's transaction capacity by adding new lanes to its proverbial blockchain highway.

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