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network completes costcutting dencun pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

When does the dencun network upgrade start?

The Dencun network upgrade has successfully activated on all testnets. It is now set for deployment on the Ethereum mainnet and will activate on the network at epoch 269568, occurring on March 13, 2024 at 13:55 UTC.

What is dencun & how does it work?

On Wednesday morning, the Ethereum blockchain completed an upgrade called Dencun, the biggest change to the network’s code in over a year. The upgrade is an important step to help the world’s second-most valuable blockchain overcome its scaling challenges, and reduce its infamous gas fees. But what exactly is Dencun and how does it work?

What is a dencun upgrade?

Dencun describes two upgrades that took place at the same time on Ethereum. The name combines the “Cancun” upgrade of the execution layer and the “Deneb” upgrade on the consensus layer. The latter refers to how network users agree on the state of the blockchain, while the former refers to how transactions are processed.

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