Ethereum Dencun hardfork: what will change in the ecosystem?Dencun is an upcoming major update to the Ethereum blockchain. Let's take a detailed look at what will happen during this event.The Dencun upgrade is named after the combination of two words: Deneb (consensus) and Cancun (execution). Overall, the upgrade will focus on scaling, lowering gas bills, improving security, and optimizing storage.The Cancun component will implement the following improvement suggestions: EIP-4844, or proto-danksharding: designed to scale the network by creating a new type of transaction. This will result in lower fees on L2 rollups.EIP-4788 will improve the efficiency of crosschain bridges.EIP-1153 will optimize block space and reduce onchain data storage fees.EIP-5656 will improve EVM performance.EIP-6780 will remove old pieces of code to get smart contracts working.Deneb components will also support improved user experience and network security.After a major upgrade, Ethereum will be able to gain more advantages over other L1 and L2 networks, especially considering the scale of applications within its ecosystem. Therefore, it's time to take a closer look at Ethereum-powered networks and assets on this blockchain.Dencun is scheduled for March 13, 2024.#Crypto #Trading #Daytrading #Cryptocurrency #Bitcoin #BTC #BitcoinETF #Halving #HalvingBTC #HalvingBitcoin #Coins #RSI #Trend #Indicators #Cryptomarket #Price #TradeNTell #Write2Earn #Research #Stablecoin #Stablecoins #Cryptonews #Airdrop #Cryptoairdrop $BTC $ETH  #ETH #ETHETF #Ethereum #Ethereum2.0 #EthereumEconomy