Ethereum (ETH) Fees Might Drop by 100x as EIP 4844 Upgrade “Considered for Inclusion”

Ethereum

EIP 4844 and some other proposals are moved to next phase of implementation, Ethereum Foundation’s Tim Beiko states

The Ethereum (ETH) blockchain is the most anticipated upgrade since the merge activation on the EIP 4844 or proto-dunksharding mainnet. Yesterday, Ethereum Core developers took an important step towards its activation.

EIP 4844 is now closer than ever: Why this is important for all dApps

According to the statement shared by Tim Beiko of Ethereum Foundation, yesterday, Nov. 24, 2022, the All Core Devs (ACD) call decided to change the status of EIP 4844 and four other proposals of its generation to “Considered for Inclusion,” or CFI.

The move highlights the commitment of the developers to expedite the implementation of this proposal. EIP 4844, or proto-dunksharding, is part of Ethereum’s rollup-focused scaling roadmap.

It reconsiders the data logistics on Ethereum’s second-layer scaling solutions with roll-ups to make its usage 10-100x cheaper. Also, as it streamlines data processes, the implementation of Proto-danksharding is set to advance the throughput of Ethereum (ETH) mainnet.

Meanwhile, Ethereum (ETH) developers have not come to an agreement regarding the exact timeline of EIP 4844 implementation. This part of its roadmap will be discussed during the upcoming ACD calls.

Ropsten testnet shutting down, withdrawals activated in testnet

The only time-sensitive decision of the last ACD regards popular Ethereum (ETH) test network Ropsten. Ropsten will be shut down by the end of 2022.

In addition, an important step was taken towards the activation of the withdrawal mechanism from Ethereum on PoS staking contracts. As of now, this tool is being stress tested in DevNets.

Ethereum (ETH) developer Marius van der Wijden shared that another important proposal, EIP 4758, might be implemented soon. It removes the Selfdestruct function from Ethereum’s (ETH) tech design.

Therefore, new DApps should not rely on this tool, Mr van der Wijden warned.

admin

Read Previous

Here’s How You Can Buy Ethereum Cheaper Than It Is, But Be Careful

Read Next

Justin Sun v. CZ? Sun’s Poloniex Stops Using BSC-Based Stablecoins

Leave a Reply

Your email address will not be published. Required fields are marked *

Right Menu Icon