The Ethereum Cancun upgrade aims to enhance scalability, security, and efficiency within the Ethereum network, introducing the concept of proto-danksharding.
Danksharding represents the final phase of the Ethereum 2.0 (Serenity) upgrade that enhances data management and transaction processing.
The Ethereum Cancun upgrade promises faster transaction processing times, reduced transaction costs, and optimized data management. Potential risks include impacts on existing smart contracts and the integration of new data storage techniques.
The Ethereum Cancun upgrade was initially planned to go live in October 2023 but was later delayed to the first half of 2024.
Learn more: What Is the Ethereum Cancun Upgrade?
