Ethereum's Dencun Upgrade Activated on Sepolia Testnet

The upgrade introduces 'proto-danksharding' and 'blobs', aiming to reduce transaction costs and increase scalability.

Dencun, a major upgrade to the Ethereum network, has been activated on the Sepolia testnet, following its activation on the Goerli testnet earlier this month.
The upgrade introduces 'proto-danksharding', designed to reduce transaction costs for layer-2 blockchains and address scalability issues, laying the groundwork for full 'danksharding'.
Dencun also introduces 'blobs', a mechanism to reduce rollup cost on the Ethereum mainnet by compressing transaction data off-chain, which decreases storage and processing load.
The final testnet deployment, Holesky, is scheduled to implement Dencun on February 7. After this test, a date for Dencun’s activation on the main Ethereum blockchain will be set.
Dencun, once fully implemented, will enable the Ethereum network to handle more than 100,000 transactions per second more cheaply.