It is important to note that the word “you” means “you”. Ethereum Dencun has been completed by Network upgrade. The Latest upgrade Layer2 chains now charge lower transaction costs.
A transaction which used to be $1 now costs a penny, and a transaction once costing a few pennies will cost only a fraction. This link is used by many chains, such as Arbitrum, Polygon and Coinbase Global. The Ethereum Foundation released a statement stating that this is the case. upgrade Follows last year’s Shapella upgrade. This includes several modifications, such as the addition of EIP-4844 (also known as “protodanksharding.” This blob helps reduce L2 transactions fees.
Dencun is not going to affect your Ethereum Ether. upgrade does not affect your current holdings. Update your node’s consensus layer and execution clients according to their respective updates if you are a node that does not stake ETH. client releases.
Also Read: Ethereum: Can ETH Hit $5,000 After Dencun Upgrade?
Ethereum explains further that the team uses star names for upgrades in the consensus layer, while the names of the Devcon City names are used to upgrade the execution layers. “Dencun” Deneb (1st magnitude star) in Cygnus and Cancun (location of Devcon 3) are combined.
Reduced Layer2 fees are likely to encourage the creation of new applications and chains on the Ethereum Dencun network. Ethereum Dencun upgrade The token price rose by just under 2%, while trading volumes increased by 7%. Investors are expecting the upgrade This will cause ETH to surge during the next few days.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: watcher.guru