Dencun Ethereum  is a term used to describe improvements that will reduce transaction costs and enable new use cases on the Ethereum network.

Meanwhile, the Ethereum Dencun Upgrade is an upgrade made to the Ethereum blockchain to increase scalability, security, and efficiency in the Ethereum network itself. This upgrade uses the concept of proto-danksharding, which is the final phase of the Ethereum 2.0 (Serenity) upgrade that improves data management and processing. This upgrade promises to accelerate transaction processing times, reduce transaction costs, and optimize data management.

The upgrade represents a concerted effort by Ethereum to optimize the execution layer (Layer 1) and prepare the network for future implementation of full data sharding. This upgrade uses five Ethereum Enhancement Proposals (EIPs): EIP-4844, EIP-1153, EIP-4788, and EIP-6780. The Cancun upgrade prepares the Ethereum network to optimize the execution layer (Layer 1) and use efficient and secure sharding. Sharding is the division of a blockchain database into smaller parts, namely shards, for higher efficiency.

Examples of Dencun’s Ethereum usage in a sentence

“This upgrade uses the concept of proto-danksharding, which is the final phase of the Ethereum 2.0 (Serenity) upgrade that improves data management and processing.”

“This improvement promises to accelerate transaction processing times, reduce transaction costs, and optimize data management.”

Apart from the term Dencun Ethereum, which has been explained here, there are many other crypto terms that you can learn more about. You can find information about these terms in the most complete crypto dictionary from Indodax Academy.

Source:
https://coinvestasi.com/berita/upgrade-dencun-ethereum-akan-terjadi-bulan-maret-2024