IN SHORT: What's Dencun $ETH Upgrade? (1 Min Read) 👇
The Ethereum Cancun-Deneb (Dencun) upgrade brings two important changes to Ethereum, focusing on making transactions cheaper and the network faster. DENEB makes it easier for everyone using Ethereum to agree on its status, while CANCUN makes transactions smoother. Together, they introduce something called proto-danksharding, which is like upgrading Ethereum's storage system to handle more data without slowing down.
This upgrade means lower fees for using Ethereum, which could attract more people to use it for things like buying digital art (NFTs) or trading cryptocurrencies (DEFI). It also makes it easier for developers to create new Dapps on Ethereum. Overall, the Dencun upgrade is a big step forward for Ethereum, making it faster, cheaper and more appealing for users and developers!
