The Ethereum Cancun Upgrade Successfully Deploys Sepolia and Launches Holesky Testnet on February 7th.
Contents
Toggle
Ethereum Cancun Upgrade (Dencun) Goes Live on Sepolia Testnet
Why is Ethereum Cancun Upgrade (Dencun) Anticipated?
Ethereum Cancun Upgrade (Dencun) Goes Live on Sepolia Testnet
The highly anticipated Ethereum Cancun Upgrade (Dencun) went live on the Sepolia testnet at 06:51 Taiwan time on the 31st, as stated by Ethereum core developer Tim Beiko. The upgrade went smoothly.
Sepolia is the second testnet to simulate the Cancun upgrade. The first testnet, Goerli, experienced node client synchronization issues.
(
Ethereum Cancun Upgrade (Dencun) goes live on Goerli testnet, client synchronization issues to be fixed
)
Advertisement – Continue reading below
Why is Ethereum Cancun Upgrade (Dencun) Anticipated?
This Ethereum upgrade includes Dencun, Proto-danksharding/ EIP-4844, and other upgrades. Proto-danksharding will introduce a new compressed data storage mechanism called “blob” to reduce transaction costs on L2, making data availability cheaper. It also addresses scalability issues. Considering the rapid growth of L2, this upgrade is seen as an important part of the ecosystem roadmap.
The Cancun upgrade is expected to launch the third testnet, Holesky, on February 7th, with the final Ethereum mainnet upgrade expected at the end of the first quarter.
(
Simple Introduction | What is the Cancun Upgrade (Dencun)? What Impact Does it Have on Ethereum and L2?
)
Previously
The Block Research
Many analysts expect the Cancun upgrade to increase the adoption of L2 based on Ethereum Rollup. However, a few analysts are pessimistic about the short-term impact of the Cancun upgrade on L2, believing that Arbitrum One and Optimism will still be the mainstream L2 solutions.
(
Ethereum Releases 2024 Roadmap, Continues Advancing Towards a World Settlement Layer
)
Dencun
ETH
Ethereum
Sepolia
Testnet
Further Reading
Ethereum Upgrade | Developers Confirm Mainnet “Cancun Upgrade” Cannot be Implemented This Year
Ethereum’s final testnet upgrade, Goerli, was completed, and core developers confirmed the mainnet upgrade date in April on Thursday.
