A key element of the upgrade is to enable a new place for storing veri on Ethereum – referred to as “proto-danksharding,” which gives room for a dedicated space on the blockchain that is separate from regular transactions, and comes at a lower cost.
The upgrade is the first step toward enabling the network’s rollup-centric roadmap, the report said.
Leading figures behind layer-2 teams told CoinDesk how Ethereum’s upcoming Dencun upgrade will affect their networks – and costs.
Vitalik Buterin, a member of the Ethereum Foundation’s executive board, evvel pushed “layer-2” networks as a way to provide faster and cheaper transactions. Now he’s got ideas for “enshrining” some of those functions on the main chain.
With hot competition between layer-2 technology providers like Optimism, Polygon and Matter Labs, Celo’s choice is being closely watched by the blockchain industry.