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Bittime - In the ever-evolving world of blockchain technology, Ethereum leads with innovation and continuous improvements to keep its network relevant, secure, and scalable. One of the latest steps in this evolution is the Ethereum “Decun” upgrade, often also called “Cancun”, highlighting Ethereum's commitment to improving scalability and efficiency. The main focus of this upgrade is the implementation of Ethereum Improvement Proposal (EIP) 4844, known as "Proto-sharding". This article will take a comprehensive look at what Ethereum Decun is, EIP 4844's role in this upgrade, and how it will impact the Ethereum ecosystem.

How it works: What is Ethereum (ETH) 2.0 and how it differs from Ethereum 1.0

What is Ethereum Decun?

Ethereum Decun is a scheduled upgrade in the Ethereum ecosystem that aims to bring a number of significant improvements to the network. This upgrade marks the next step in Ethereum's roadmap after "The Merge", with a particular focus on improving scalability and efficiency for rollups. The name “Decun”, often confused with “Cancun”, underscores the two-track approach Ethereum is taking post-Merge, with separate upgrades to the Consensus Layer (CL) and Execution Layer (EL).

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EIP 4844: The Key to Ethereum Scalability

EIP 4844, the centerpiece of Decun's upgrade, is a bold proposal to introduce "blob space" into the Ethereum network. The main goal of this proposal is to make Ethereum more attractive and economical for rollups, by providing data space that can be exclusively used by them to store transaction data.

Key Features of EIP 4844:

• Blob Space: A special space within an Ethereum block that allows transient data storage, offering a solution for rollups storing data necessary to maintain their security without overloading the main blockchain.
• Reduction in Transaction Fees: By separating data fees from the main Ethereum transaction, EIP 4844 is expected to significantly reduce transaction fees, making rollups more affordable for users.
• Long-Term Scalability: The implementation of blob space is a step towards proto-sharding, which will lay the foundation for Ethereum's long-term scalability through data availability sampling.

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Ethereum Decun Upgrade Impact on Ecosystem

The Decun upgrade is expected to bring a number of benefits to the Ethereum ecosystem, including:

• Reduced Network Congestion: With greater efficiency in data storage and transaction processing, Ethereum can reduce congestion, speed up transaction times, and lower gas fees.
• Wider Rollup Adoption: Providing economical and efficient data storage solutions will drive rollup adoption, expanding the DeFi ecosystem and decentralized applications (dApps) that can operate on top of Ethereum.
• Pavilion to a More Scalable Ethereum: With initial touches on the concept of sharding via proto-sharding, Decun prepares Ethereum for future upgrades that will further increase the network's scalability and capacity

Conclusion

Ethereum Decun and the implementation of EIP 4844 mark an important step in Ethereum's journey towards a more scalable, efficient and economical network. With a focus on improving infrastructure for rollups and the introduction of blob space, Ethereum not only offers an immediate solution to today's challenges but also lays the foundation for future innovation. This upgrade reaffirms Ethereum's position as a leader in blockchain technology and the DeFi ecosystem, with a clear long-term vision for growth and scalability.

How to Buy Ethereum (ETH) on Bittime

You can buy and sell  Ethereum (ETH)  in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Ethereum (ETH)  is available on Bittime with  the market pair ETH/IDR . To be able to buy  ETH/IDR  at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn  the complete guide on how to buy Ethereum (ETH) on Bittime . 

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DISCLAIMER: This article is informational in nature and is not an offer or invitation 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.