Dencun, which is seen as the most important development on the Ethereum network after Merge in September 2022 and Shapella updates in April 2023, was launched on the Ethereum main network. Dencun. This update in Ethereum will enable a very important milestone to be left behind in layer 2 solutions, also known as Layer-2.

The most important contributions here, of course, are seen as both the further reduction of transaction fees in layer 2 chains and the overall scalability of the Ethereum network.

Launched without a problem

While the long-awaited update was officially launched on the network, data pieces called “blobs” also started to work. Blobs will increase data availability without changing and straining the Ethereum infrastructure. Thus, transaction fees in many layer 2 projects such as Base, Optimism, Arbitrum and Starknet will decrease.

Dencun, formed by the merger of two updates called Deneb and Cancun, contains 9 different EIPs. The most important of these improvements in Dencun, also known as Ethereum Development Offers, is shown as EIP-4844.

With EIP-4844, which is called “proto-danksharding”, the load on the network will be reduced in terms of storing transaction data by using large pieces of data called “blobs”. Following Dencun, layer 2 networks will be able to send data to Ethereum in the “blob space” without having to pay higher transaction fees by compressing data into traditional transactions.

This will, of course, significantly reduce the transaction fee of the end user. The Dencun update will also affect data validators. Improvements to EIP-7044 will make it easier to earn rewards over staked ETHs. The process of taking Ether out of the stake will also be simplified.