In a pre-proposal discussion post, Polygon co-founder Mihailo Bjelic argues why the mainchain should go through a major upgrade.
Polygon 2.0 introduces upgrades to tap into ‘Value Layer’ of internet
According to Polygon Labs, Polygon 2.0 will enable users to create, exchange and program value on the internet.
Ethereum Developers Cement Final Lineup of Changes in ‘Dencun’ Upgrade
Proto-danksharding is at the heart of the package, with other improvements for storage on-chain, as well as minor code changes related to the Ethereum Virtual Machine.
Optimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain
Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times.
Optimism ‘Bedrock’ Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to ‘Superchain’
The “Bedrock” upgrade will improve the usability of the chain by lowering gas fees and cutting deposit-confirmation times by 90% – pitched as a key step toward the Optimism network’s goal of becoming a “Superchain.”
Token of Layer-1 Blockchain Kava Surges 40% Ahead of Mainnet Upgrade
The change improves transaction speed and aims to beef up security on the platform, Kava says.
Ethereum’s Beacon Chain is updated after finality issues
Ethereum core developers released patches for Prysm Labs and Teku clients in response to a Beacon Chain issue preventing block finalization.
Meet ‘Dencun.’ Ethereum Developers Are Already Planning Next Hard Fork
The next major upgrade for the blockchain will include “proto-danksharding,” though developers are still deciding what else to include in the hard fork.
Upcoming Ethereum Upgrade To Reduce Fees – Details
The second largest crypto blockchain Ethereum is preparing for a new upgrade that will reduce transaction fees on the network. The upgrade tagged “Dencun” will also introduce more use cases for Ethereum.
Notably, Ethereum Foundation made the announcement of Dencun upgrade just three weeks after the Shapella upgrade.
With the upcoming Dencun upgrade, Ethereum network users can now transact with lower fees.
Introducing Dencun Upgrade – What You Need To Know
The upcoming Dencun upgrade will feature Ethereum Improvement Proposals (EIPs). These are proposals that aim to bring changes to the network. The Ethereum community usually reviews the proposals to accept or reject them.
If the community accepts the EIPs, they become a part of the Ethereum network codes. The Dencun upgrades have four proposals, including EIP-1153, EIP-6475, EIP-4844, and EIP-6748.
The first proposal is EIP-4844 or Proto-Danksharding or The Surge. The Surge aims to bring in “data blobs” for Layer 2 solutions to post transaction and proof data instead of CALLDATA.
The blobs offer lower gas costs since they’re never stored on the blockchain permanently. The blob aims to lower the transaction fee on Ethereum.
Other Dencun Proposals Bring Diverse Changes
The second important proposal for review is the EIP-6780. This proposal is to deactivate the SELFDESTRUCT opcode but still preserve its functionality. EIP-6780 proposal will allow the creation and erasure of contracts in a single transaction but not delete the contract code or storage.
The third proposal is EIP-1153 which will bring two new opcodes, TSTORE and TLOAD, to the network. The developers aim to provide transient storage that will be cleared once a transaction ends. This will add more use cases, from re-entry locks to single-transaction ERC20 approvals.
The fourth proposal is EIP-6475: SSZ Optionals. This change supports EIP-4844 since it defines one of its SSZ elements in the transaction format. The aim is to facilitate forward compatibility with SSZ objects that will be introduced to the network.
While the four proposals above remain the major ones, the development team has others that might be considered too. One of the probable ones is EIP-2537: Precompile for BLS12-381 curve operations.
-Featured image from Pexels and chart from Tradingview
Zcash’s Latest Software Release Goes Live
The new release, version 5.5.0, is part of an effort to “deliver a solid and reliable user experience.”
Here is What Analysts Are Saying About the Ethereum Blockchain’s Shanghai Upgrade
Analysts differ on the amount of ether (ETH) selling pressure that could result from the Ethereum blockchain’s Shanghai upgrade, scheduled for later today. The Shanghai upgrade (aka Shapella), will enable validators to withdraw staked ether and rewards that have been locked up.
What’s Next After Ethereum’s Shanghai Upgrade?
Ethereum is expected to address the implementation of proto-danksharding in the months after Wednesday’s Shanghai upgrade (also referred to as “Shapella”), as well as other mechanisms that will make the blockchain more scalable. Last year saw the Merge. Now comes the Verge, Purge and Scourge.
Avalanche’s Cortina Upgrade Goes Live on Protocol’s Testnet; AVAX Token Rallies
The change improves support for exchanges and may bring faster development, Avalanche says.
PancakeSwap DEX Launches Version 3 on BNB Chain and Ethereum
V3 brings four different trading fee tiers, 0.01%, 0.05%, 0.25% and 1%, compared with V2’s single level of 0.25%.
Jake Paul-endorsed SafeMoon gets hacked after introducing a bug in upgrade
A public burn function introduced in the latest upgrade allegedly allows users to burn tokens from other addresses.
Coinbase expects high demand for ETH unstaking with Shanghai upgrade
Coinbase announces that unstaking requests may take weeks or months to process as they are not in charge of Ethereum’s unstaking process.
Breaking: Shanghai upgrade executed on testnet but not without issues
Ethereum validators are now one step away from being able to unstake their Ether from the Beacon Chain
Filecoin’s FIL Token Gains 18% Ahead of Network Upgrade
The token rallied 18% a day before its network upgrade takes place.
Next stop Shanghai — Ethereum’s latest milestone approaches
The Ethereum ecosystem is edging closer to its latest milestone as the Shanghai upgrade draws near.
Ethereum Activates ‘Account Abstraction’ Touted by Co-Founder Buterin as Key Advance
The news of the upgrade, via the deployment of ERC-4337 as a smart contract, will be shared at an ETHDenver-related event, known as WalletCon.