Tag: Ethereums

BNB Price Soars As Binance Smart Chain Implements “BEP 336” Upgrade, Inspired By Ethereum’s Dencun

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Binance Smart Chain (BSC), commonly known as BNB Chain, has announced the “BEP 336 upgrade”, inspired by Ethereum’s Dencun upgrade (EIP 4844), which aims to optimize data storage and processing on the blockchain. The upgrade is expected to significantly reduce transaction costs, improve network performance, and drive the price of Binance Coin (BNB) towards its previous all-time high (ATH) of $686, reached in May 2021. BNB Smart Chain Cost-Effective Data Solution According to the protocol’s announcement, BEP 336 introduces an innovative concept called “Blob-Carrying Transactions” (BlobTx) that will change how…

Ethereum’s Dencun Upgrade Goes Live, Promises Lower Fees and Enhanced Scalability

The Dencun upgrade was seamlessly integrated into the Ethereum mainnet at 9:55 Eastern Time (ET) on March 13, 2024. The upgrade officially went live at Beacon slot 8626176. Ethereum’s Leap Forward with Dencun Upgrade Expected to drastically lower the transaction costs for layer two (L2) networks, Dencun introduces vital improvements aimed at boosting Ethereum’s scalability. […] Source CryptoX Portal

Blast Blockchain Locks Up Amid Ethereum’s Dencun Upgrade

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What to Expect From Ethereum’s Latest Massive Upgrade: Dencun

Etymology: Proto-Danksharding is named after two Ethereum researchers, Dankrad Feist and Proto Lambda, who proposed the change. It’s fitting because Proto Danksharding is necessary for the full rollout of Danksharding — which is several years away and takes the idea of simplifying data storage further. Also, although the term “sharding” is in the name, neither Danksharding nor Proto-Danksharding is a traditional way to “shard” — or split — a database into smaller parts as known in computer science, which was the original plan for getting Ethereum to scale. In a…

Blobs Launch on Gnosis Chain before Ethereum’s Dencun Upgrade

CoinspeakerBlobs Launch on Gnosis Chain before Ethereum’s Dencun Upgrade In advance of Ethereum’s eagerly anticipated Dencun upgrade, Gnosis Chain has taken a pioneering step by introducing blobs – a novel approach to enhancing the blockchain’s data handling capabilities. Ethereum’s Dencun Upgrade: A Closer Look At the heart of the Dencun upgrade lies Ethereum Improvement Proposal (EIP) 4844, also known as proto-dank sharding. This proposal introduces blob transactions as a solution to the high costs and inefficiencies associated with current data storage methods on the blockchain. Currently, Ethereum and its Layer…

Vitalik Buterin outlines Ethereum’s countermeasures for quantum attacks

Ethereum co-founder Vitalik Buterin has recently addressed concerns over the potential impact of quantum computing on the Ethereum (ETH) network. In a post dated March 9 to Ethereum Research, Buterin presented a scenario where quantum computers become accessible and could be used by malicious actors to compromise user funds. He suggested that Ethereum is already prepared to counter such threats with a recovery plan that would involve minimal user impact. Buterin’s proposition includes the possibility of a “quantum emergency,” where quantum computing capabilities could lead to large-scale theft of Ethereum…

Rocket Pool Stands To Reap Big From Ethereum’s Dencun Upgrade, RPL Flying

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The Ethereum liquidity staking protocol Rocket Pool is on the brink of a massive transformation with the incoming Dencun upgrade. As one community advocate points out, this change is primarily due to the enhancements the Houston upgrade will tag. Eyes On Dencun Upgrade In a recent post on X, the advocate explained that the Dencun upgrade, scheduled to go live in mid-March 2024, will pave the way for the implementation of the Houston upgrade. The Houston upgrade, in turn, aims to improve Rocket Pool’s scalability and efficiency.  The Dencun upgrade must first…

Ethereum’s growth dips as traders eye new eco-friendly crypto

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Despite Ethereum’s recent 4.32% drop, the eco-friendly ICO eTukTuk hits $1.7M in presale with experts predicting significant returns. Ethereum has fallen by 4.32% today hours despite rallying to highs of $3.8K yesterday. However, the new ICO eTukTuk is progressing in its presale as it surges past $1.7 million. ETH price slumps but bulls fight back Ethereum enjoyed notable demand over the past week, rising from $3.2K to $3.8K yesterday.…

Ethereum’s Dencun upgrade set to launch March 13 

Ethereum announced that its Dencun upgrade has been successfully activated on all testnets and will be deployed on the Ethereum mainnet on Mar. 13th. The Dencun upgrade introduces several enhancements to improve the network’s efficiency and scalability, the most notable being the implementation of EIP-4844, colloquially known as protodanksharding. EIP-4844 represents a groundbreaking advancement in Ethereum’s ongoing scalability efforts, introducing ephemeral data blobs poised to reduce Layer 2 (L2) transaction fees significantly.  In simple terms, EIP-4844 is like adding extra lanes to a busy highway. Ethereum can get crowded, making…