The latest Ethereum Dencun upgrade featuring the concept of “proto-danksharding,” has been successfully executed on the Holesky testnet. The testnet replaced Ethereum's Goerli testnet and has been an important test environment for developers since its launch in September last year. The success of this test paves the way for Ethereum Dencun on mainnet.
Holesky as a replacement for Goerli, is not just an ordinary testnet. A testnet is a copy of a blockchain network used by developers to test smart contracts and protocols before they are deployed on mainnet. Holesky has been the top choice for testing validation and staking since its launch.
Despite entering “end of life” status in January this year, Holesky remains an important place for Ethereum developers.
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Importance of Testnet in Ethereum Dencun Upgrade
Before being successful on Holesky, Ethereum Dencun was also tested on the Goerli testnet and Sepolia testnet. This is an important step in ensuring the stability and security of the upgrade before it is implemented on the Ethereum mainnet.
Testnet plays a crucial role in emulating mainnet functionality, enabling reliable public testing before official launch.
Features Offered
The Ethereum Dencun upgrade brought a special feature in the form of “proto-danksharding,” which was introduced in Ethereum Improvement Proposal (EIP) 4844. EIP-4844 had a major impact in the digital asset space. Head of Blockchain at Nexo, Nikolay Angelov stated that EIP has great institutional weight in the digital asset space.
"Ethereum has hosted thousands of projects over the years, and changes to the base layer require technological precision and synchronization during deployment," Angelov said.
Impact of Ethereum Dencun Launch on Mainnet
EIP 4844 will introduce a new transaction type involving “blobs” or data sharded onto the Ethereum blockchain. Previously, Ethereum rollups used “calldata” to store transaction data. With EIP 4844, rollup block senders can store this data in blobs, which is more affordable than calldata and guarantees data availability.
Angelov highlighted that the successful launch of Ethereum Dencun on mainnet could bring major changes in Ethereum's ability to manage data throughput and network fees. This provides a competitive advantage over other layer-1 solutions.
"This upgrade has a mission to address Ethereum's costs and processing times, provide a more efficient and affordable on-chain solution, and increase cryptocurrency adoption," explained Angelov.
With successful testing on the Holesky testnet, Ethereum Dencun is ready to bring significant changes in the blockchain ecosystem. Proto-danksharding and the concept of “data blobs” became important milestones for improving Ethereum's efficiency and scalability.
As the need for more efficient blockchain solutions increases, Ethereum Dencun has the potential to become a leader in the industry. The launch on mainnet will be the next major milestone, taking Ethereum into a new era of blockchain innovation.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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