Will Canny is CoinDesk's finance reporter.
upgrade, likely to take place in first-quarter 2024, is the next step in the blockchain’s journey to becoming a scalable settlement layer, Goldman Sachs said in a note Thursday.
“Dencun’s primary impact will be to increase its data availability for layer-2 rollups via proto-danksharding, resulting in a reduction of rollup transaction costs which will be passed on to end users,” the bank said.process transactions on another, faster, blockchain, or layer 2, then port the data back to the parent blockchain, at a fraction of the price.
Proto-danksharding will also “serve to set the scaffolding for future scalability upgrades, including danksharding, as part of the blockchain’s,” the report said. Danksharding is a way of making Ethereum more scalable, and applies the same concept of splitting the network into shards, but instead of using these shards to increase transactions, it uses them to increase space for groups of data.
“Dencun will enhance Ethereum’s scalability via rollups,” and will “optimize gas fees and improve the network’s security and implement a number of housekeeping updates,” the report added. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Step-By-Step Product Discovery ProcessExplore product discovery steps: from identifying customer problems to creating solutions, and enhancing products for unaddressed yet significant needs.
Read more »
Guardians being thorough in step-by-step seach for Terry Francona’s replacementThe Guardians, who have trimmed their list of candidantes, won't be rushed into making a decision. But time is of the essence.
Read more »
iPhone users don't upgrade as often as Android ownersAnam Hamid is a computer scientist turned tech journalist who has a keen interest in the tech world, with a particular focus on smartphones and tablets. She has previously written for Android Headlines and has also been a ghostwriter for several tech and car publications.
Read more »
Hyundai to hold software-upgrade clinics across the US for vehicles targeted by thievesHyundai says it will set up “mobile clinics” at five U.S. locations to provide anti-theft software upgrades for vehicles now regularly targeted by thieves using a technique popularized on TikTok and other social platforms.
Read more »
Hyundai to hold software-upgrade clinics across the US for vehicles targeted by thievesHyundai says it will set up “mobile clinics” at five U.S. locations to provide anti-theft software upgrades for vehicles now regularly targeted by thieves using a technique popularized on TikTok and other social platforms. The South Korean automaker will hold the clinics in New York City, Chicago, Minneapolis, St.
Read more »
Hyundai to hold software-upgrade clinics across the US for vehicles targeted by thievesHyundai says it will set up “mobile clinics” at five U.S. locations to provide anti-theft software upgrades for vehicles now regularly targeted by thieves using a technique popularized on TikTok and other social platforms.
Read more »