Ethereum is activating the "Dencun❞ upgrade,

in a historic move to reduce data fees

News summary:

- Ethereum has activated the "Dencun" upgrade.

Its goal is to reduce data charges

on Layer 2 networks such as Polygon

and Arbitrum

The upgrade introduces a new data storage system

It's called "blobs" which will be separate from

Regular transactions at a lower cost.

Layer 2 networks will be able to deploy

data to Ethereum more efficiently and cost-effectively

Less, which reduces fees for users

The finalists.

upgrade also includes many suggestions

Improving Ethereum (EIPs) and other EIPs that

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It will mainly affect developers.

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