Ethereum Dencun Upgrade: These Six Layer-2 Platforms To Benefit the Most – CoinGape
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As investors keep a close watch on the potential approval of spot Ethereum ETFs, attention is currently directed towards the imminent Ethereum Dencun upgrade. Scheduled for March 13, this upcoming enhancement is anticipated to wield significant influence, potentially bolstering various players within the Ethereum ecosystem.
Exploring the potential ripple effects, let’s delve into how the Ethereum Dencun upgrade stands to benefit other Layer-2 platforms within the Ethereum ecosystem.
Get ready for the ‘Dencun’ upgrade, set to roll out on March 13, marking a significant hard fork update aimed at boosting the Ethereum network’s scalability, security, and user-friendliness. As part of Ethereum’s roadmap initiative, dubbed ‘The Surge,’ this upgrade is a pivotal step forward in scalability enhancements.
Here’s what you can expect from the Dencun upgrade:
The standout feature in Dencun is the implementation of Proto-Danksharding. With EIP-4844 (Proto-Danksharding), a new transaction type called ‘blob-carrying transactions’ is introduced, reducing transaction costs for both L2 users and ramping up Ethereum’s transaction throughput.
Popular crypto analyst Miles Deutscher explains that the Ethereum Dencun upgrade will reduce transaction fees on Layer-2 platforms by a considerable magnitude. The analyst also emphasizes the increased commercial viability for dApp developers and users. This shift will position L2s as more appealing options compared to alternative L1s, offering a positive catalyst across various sectors such as DeFi applications, gaming platforms, and on-chain trading.
Although several Layer-2 platforms will benefit from the Ethereum Dencun upgrade, Miles Deutscher shares his coveted list of those platforms that he thinks will benefit the most.
Miles Duestscher stated that he’s keeping a close watch on other Layer-2 Networks such as Manta Network, Starknet, zkSync, and Linea.
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