Ethereum Activates 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees
Powered by @unfolded- Ethereum has activated its "Dencun" upgrade, aimed at reducing data fees on layer-2 networks like Arbitrum and Polygon.
- The upgrade introduces a new data storage system called "blobs" that will be separate from regular transactions and lower in cost.
- Layer-2 networks will be able to post data to Ethereum more efficiently and cheaply, reducing fees for end-users.
- The upgrade also includes several other Ethereum Improvement Proposals (EIPs) that will primarily affect developers.