Dencun — the most-anticipated upgrade since the Merge — is set to ship in two days, promising to significantly reduce layer-2 transaction costs.
Ethereum’s upcoming Dencun upgrade is set to ship on March 13 and is one of the most-anticipated hard forks since the Merge. Why is there so much anticipation around the upgrade?
Ethereum’s Dencun upgrade could be a milestone for layer-2 scaling solutions, as it is expected to significantly reduce the transaction fees of layer-2 networks and enhance Ethereum’s overall scalability.
The Dencun hard fork incorporates nine different Ethereum Improvement Proposals (EIPs). The upgrade’s name combines the Cancun upgrade of Ethereum’s execution layer and the Deneb upgrade on the consensus layer. The first part, Cancun, focuses on improving how transactions are managed and processed on the execution layer, while the second part, Deneb, aims to improve the consensus layer, which refers to how network participants agree on the state of the blockchain.
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Source: https://cointelegraph.com/news/ethereum-dencun-launch-why-matters