In the words of Tim Beiko, the head of Protocol Support at Ethereum Foundation, “I had tentatively proposed some Goerli times throughout January prior to the call and after a bit of back and forth, we agreed to the Jan 17th date. Goerli is forking at epoch 231680, at 6:32 UTC.”
Ethereum (ETH) developers announced their plans to initiate the testing phase for the upcoming Cancun-Deneb (Dencun) update on January 17, 2024.
In the recent bi-weekly “Execution Layer Meeting,” the devs noted that the Dencun update will be deployed on the Goerli testnet, the first of the three Ethereum test networks where developers can experiment with new features in a safe environment.
The developers plan to apply Dencun to the Sepolia testnet on January 30. By February 7, they will release it on Holesky, the new test network that launched on the first anniversary of the Ethereum Merge.
The developers also discussed the implications of the Avail-StarkWare partnership during the meeting. The collaboration between the two crypto firms will pave the way for the release of Layer 3 service3s in the Starknet blockchain.
Following the release of the Shanghai upgrade in April 2023, Cancun-Deneb was decided as the next major update for Ethereum. EIP-4844, or proto-danksharding, is the key feature of this update which will reduce the transaction fees of Layer 2 networks by the addition of a new format that can store temporary data in the form of “blobs.”
The Dencun update will also implement EIP-6780 (SELFDESTRUCT). This proposal will deploy the new Verkle tree data structure to deprecate the SELFDESTRUCT operation. Meanwhile, EIP-1153 will introduce transient storage opcodes to reduce the gas fees for low-cost transactions.
The Cancun-Deneb update was meant to be tested in 2023. Unfortunately, it was pushed to 2024, with the developers citing the complexity of the project as the reason behind the delay. It is worth noting that the Ethereum developers have not provided a window for the release of this landmark update.
Written by
Ayush Pande
Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.
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