Confirmation of Cancun Upgrade Time! Ethereum Mainnet Node Update on March 13th
The upgrade of Ethereum’s mainnet, Dencun, has finally confirmed its time and will take place on March 13th at 21:55 Taiwan time. It is considered a crucial piece to maintain the integrity of the Ethereum ecosystem and has been eagerly anticipated by many developers.
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KanQun upgrade officially confirmed on 3/13
KanQun upgrade time confirmed
Why is the KanQun upgrade so important?
Justice delayed
After a series of tests on the developer testnet, the Ethereum core developers have finally confirmed the upgrade time for the mainnet during the 127th conference call. If there are no issues with the deployment on the Holesky testnet, the upgrade will take place at block height 8626176, approximately at 21:55 on March 13th Taiwan time.
This is the latest major update since the Ethereum Shanghai upgrade in April 2023.
Why is it so important?
The key focus of the KanQun upgrade is to introduce proto danksharding to provide blob storage space, reducing the cost of constructing data availability (DA) on Layer2 on the Ethereum mainnet.
(DA does not store historical data? Data availability does not equal permanent availability.)
The Ethereum Foundation hopes that with this update, L2 projects can stay within the Ethereum ecosystem instead of choosing other data availability layers such as Celestia or EigenDA. However, the choice still lies with the Layer2 development teams, and recently, there have been many emerging projects with distant relationships from the foundation, leading to a gradual decrease in Ethereum’s control over DA orthodoxy.
Therefore, the KanQun upgrade has been seen as having a significant impact on the competitive relationship between existing chain infrastructure ecosystems.
(What are the differences in the storage location of Layer2 transaction records? Introduction to the development of off-chain data availability (DA).)
As competition in the data availability layer intensifies and Ethereum’s dominance decreases, the long-awaited KanQun upgrade carries the hopes of many people, all wishing to make the Ethereum ecosystem stronger and more sustainable.
Although the upgrade is delayed by a few months compared to the expected time, it has finally reached the final stage, and it is hoped that the upcoming upgrade process will proceed as expected.
(Ethereum releases 2024 roadmap, continuing to move towards a global settlement layer.)
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DA
Dencun
ethereum
proto-danksharding
Further Reading
Ethereum Research Group EPFsg’s project open for registration, welcoming anyone interested in underlying protocols to apply.
Protocol Guild funding project sees what problems? How to ensure the long-term development of the Ethereum ecosystem.
