The forthcoming Cancun-Deneb (also known as Dencun) upgrade to the Ethereum blockchain will increase the network’s scalability and security.
The Ethereum Consensus Layer (CL) update is known as Deneb, while the Ethereum Execution Layer (EL) update is known as Cancun.
According to Ethereum developers, the Cancun improvement consists of 5 EIPs that are meant to boost data storage and reduce expenses.
This release includes the much anticipated EIP-4844, often known as Proto-DankSharding, which will provide the foundation for DankSharding’s complete implementation.
Other EIPs under consideration include EIP-1153, which reduces the cost of storing data on-chain and thereby improves block space, EIP-4788, which improves the design of cross-chain bridges and stake pools, EIP-5656, which adds minor code modifications to the Ethereum Virtual Machine, and EIP-6780, which removes code that could terminate smart contracts.
Although a specific date has not yet been determined, the Deneb Cancun upgrade is anticipated to take place by the end of 2023. A realistic target date for Cancun’s activation is October 2023, according to researcher Alex Stokes from the Ethereum Foundation.
Here’s latest update per Ethereum ACDE call
Ethereum developer Tim Beiko gave a brief rundown of yesterday’s biweekly ACDE call, which was centred on testing initiatives and getting ready for the Deneb update.
For EIP-4788, developers have chosen to employ a standard contract as opposed to a precompile. Developers will try to establish a deployment strategy moving forward and accept a first contract implementation to use.
An audit or formal verification procedure will begin if this has been agreed upon. Beiko claims that the introduction of devnet 8 will be delayed until implementations for the revised 4788 standard are received. The maximum blob limit was increased from four to six, and the blob limit was increased from two to three with the introduction of Devnet 7 in late June.
Beiko also mentioned that the Engine API and EIP 6780’s explanations will be combined. Two abstraction EIPs, 5806 and 7377, were submitted and considered during the conference.
