The #ethereum2.0 upgrade involves Proof of Stake ( #POS ) and #sharding , reducing energy use and boosting transaction speed. The #CancunUpgrade focuses on scalability, security, and efficiency by introducing proto-dank sharding. This technique optimizes data management, enhancing transaction affordability. Proto-danksharding, introduced by #EIP-4844 aids in reducing gas fees via blob-carrying transactions. Benefits include improved scalability, reduced costs, enhanced data management, cross-chain communication, and security. Risks involve potential impacts on existing contracts and integrating new techniques. Expected in the first half of 2024, this upgrade represents a significant stride in Ethereum's evolution, promising a more efficient and accessible user experience in decentralized finance. Read fully on binance academy