Successful Deployment of Dencun Upgrade

Dencun successfully deployed

After numerous deployment efforts, Dencun encountered significant challenges as Ethereum developers underwent multiple unsuccessful upgrade attempts, leading to continuous adjustments to the initial roadmap from 2023 until the end of February 2024.

However, at 13:55 PM on March 13, 2024 (UTC), the Dencun upgrade – a combination of Deneb (Consensus update) and Cancun (Execution update) on the Ethereum network – was officially deployed at epoch 269568, in accordance with the established schedule.

Finalized 🫡 https://t.co/SaoN9N1WkM

— timbeiko.eth ☀️ (@TimBeiko) March 13, 2024

The “sassal.eth” account belonging to The Daily Gwei founder also announced the official deployment of the Dencun upgrade on the Ethereum mainnet, bringing along a series of expected EIP proposals aimed at expanding the network’s capabilities.

The Dencun upgrade is now live on the Ethereum mainnet bringing with it a host of EIPs including the beloved EIP-4844!

The blobs are here and a new era of Ethereum scalability has begun! pic.twitter.com/ZQwwUsmYVv

— sassal.eth/acc 🦇🔊 (@sassal0x) March 13, 2024

Layer-2 Arbitrum’s account X also indicated that it would take approximately 1-2 hours for transactions to be included in the EIP-4844 data blob, allowing for the changes introduced by Dencun to be felt.

The blobs have arrived on Ethereum! 🐡

The Dencun upgrade has successfully launched on Ethereum mainnet making it one of the biggest upgrades to support Layer 2’s in scaling Ethereum.

Now with the Ethereum mainnet upgrade complete, we expect the ArbOS Atlas upgrade to be…

— Arbitrum (💙,🧡) (@arbitrum) March 13, 2024

In addition to EIP-4844, other EIPs included in the upgrade are:

– EIP-1153: Reducing storage fees on-chain, improving block space.

– EIP-4788: Enhancing design for bridges and staking pools.

– EIP-5656: Introducing minor changes related to the Ethereum Virtual Machine.

– EIP-6780: Removing the opcode SELFDESTRUCT, which could terminate smart contracts.

Related: ETH Shows Positive Signals as Short-Term Holders Increase

ETH Chart after Dencun upgrade

ETH Chart on Tradingview at 1:45 AM on March 14, 2024