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5 Things to Know About Ethereum's Latest, Greatest Upgrade: DencunCheaper L2 transactions. Data blobs. Proto-Danksharding. Everything you need to know about tomorrow’s changes. Dencun, the largest Ethereum upgrade since the network switched to proof-of-stake (PoS) 18 months ago, is set to go live sometime tomorrow. Some developers have referred to the release as a cheap for crypto because of its implications for how users interact with decentralized apps on Ethereum’s secondary scaling platforms (layer 2s). Latest News: Ethereum Finalizes 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees But the massive upgrade has been in the works for a while, meaning there’s potentially a lot of lesser known details about how it came to be. Here’s what you need to know about how Dencun will affect you, and how it came about: Ethereum’s Gas-less Era: Dencun will make L2 transactions super cheap — nearly costless, to the point that almost all activity on Ethereum will switch to these networks. There may even be projects or protocols that will incentivize use by eating the gas payments users usually have to bear (it’d be cheaper than paying for marketing!). Major Milestone: Dencun is the biggest Ethereum upgrade since The Merge in September of 2022, which transitioned the network from a purposefully inefficient proof-of-work algorithm to staking. It is also one of the steps towards Ethereum’s ultimate goal of being able to support hundreds of different rollups and secondary scaling layers, and one day to process millions of transactions per second. Long in the Works: Dencun will introduce the process of Proto-Danksharding, something long theorized (it was first mentioned by Buterin in 2019) which changes how Ethereum stores data. Instead of keeping all data directly on the Ethereum mainnet’s immutable execution layer, which is expensive and computationally heavy, Dencun will introduce a new, temporary way of storing “blobs” of data, which is cheaper. Blobs may sound like a silly term, but they’re actually a common concept in computer science. There are similar data management blobs in programming languages like Javascript and Python. Etymology: Proto-Danksharding is named after two Ethereum researchers, Dankrad Feist and Proto Lambda, who proposed the change. It’s fitting because Proto Danksharding is necessary for the full rollout of Danksharding — which is several years away and takes the idea of simplifying data storage further. Also, although the term “sharding” is in the name, neither Danksharding nor Proto-Danksharding is a traditional way to “shard” — or split — a database into smaller parts as known in computer science, which was the original plan for getting Ethereum to scale. In a sense, Dencun’s introduction of Proto-Danksharding is a serious deviation from the original roadmap for Ethereum, chosen because it’s easier to implement. Largest Ceremony Ever: The first step in setting up Proto-Danksharding happened in 2022 with the world’s largest “Trusted Setup" ceremony. Named after researchers (Aniket Kate, Gregory M. Zaverucha and Ian Goldberg) who created a key component that makes Blob storage possible on Ethereum, tens of thousands of people participated in what’s now called the KZG Ceremony, which was a way for the Ethereum community to collectively generate a secret random string of data needed for proto-danksharding to work. #Ethereum #Dencun #Blockchain #Layer2 #CryptoNews #Ethereum2027

5 Things to Know About Ethereum's Latest, Greatest Upgrade: Dencun

Cheaper L2 transactions. Data blobs. Proto-Danksharding. Everything you need to know about tomorrow’s changes.
Dencun, the largest Ethereum upgrade since the network switched to proof-of-stake (PoS) 18 months ago, is set to go live sometime tomorrow. Some developers have referred to the release as a cheap for crypto because of its implications for how users interact with decentralized apps on Ethereum’s secondary scaling platforms (layer 2s).

Latest News: Ethereum Finalizes 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees

But the massive upgrade has been in the works for a while, meaning there’s potentially a lot of lesser known details about how it came to be. Here’s what you need to know about how Dencun will affect you, and how it came about:

Ethereum’s Gas-less Era: Dencun will make L2 transactions super cheap — nearly costless, to the point that almost all activity on Ethereum will switch to these networks. There may even be projects or protocols that will incentivize use by eating the gas payments users usually have to bear (it’d be cheaper than paying for marketing!).

Major Milestone: Dencun is the biggest Ethereum upgrade since The Merge in September of 2022, which transitioned the network from a purposefully inefficient proof-of-work algorithm to staking. It is also one of the steps towards Ethereum’s ultimate goal of being able to support hundreds of different rollups and secondary scaling layers, and one day to process millions of transactions per second.

Long in the Works: Dencun will introduce the process of Proto-Danksharding, something long theorized (it was first mentioned by Buterin in 2019) which changes how Ethereum stores data. Instead of keeping all data directly on the Ethereum mainnet’s immutable execution layer, which is expensive and computationally heavy, Dencun will introduce a new, temporary way of storing “blobs” of data, which is cheaper. Blobs may sound like a silly term, but they’re actually a common concept in computer science. There are similar data management blobs in programming languages like Javascript and Python.
Etymology: Proto-Danksharding is named after two Ethereum researchers, Dankrad Feist and Proto Lambda, who proposed the change. It’s fitting because Proto Danksharding is necessary for the full rollout of Danksharding — which is several years away and takes the idea of simplifying data storage further. Also, although the term “sharding” is in the name, neither Danksharding nor Proto-Danksharding is a traditional way to “shard” — or split — a database into smaller parts as known in computer science, which was the original plan for getting Ethereum to scale. In a sense, Dencun’s introduction of Proto-Danksharding is a serious deviation from the original roadmap for Ethereum, chosen because it’s easier to implement.
Largest Ceremony Ever: The first step in setting up Proto-Danksharding happened in 2022 with the world’s largest “Trusted Setup" ceremony. Named after researchers (Aniket Kate, Gregory M. Zaverucha and Ian Goldberg) who created a key component that makes Blob storage possible on Ethereum, tens of thousands of people participated in what’s now called the KZG Ceremony, which was a way for the Ethereum community to collectively generate a secret random string of data needed for proto-danksharding to work.
#Ethereum #Dencun #Blockchain #Layer2 #CryptoNews #Ethereum2027
đŸ”„ PRIVASEA AIRDROP Complete GuideđŸ”„ Invite Code: Enter ❗buMyuRq ❗(tap to copy) Discover the ground-breaking ImHuman app on Solana by Privasea, a cutting-edge AI + DePIN Network supported by @OKX_Ventures, @Zama_FHE, and @BinanceLabs đŸ”¶, with FHEML technology. Don't pass up the chance to mint your Human NFT and reserve your seat in the TGE Early Bird Airdrop for the $PRVA token. Take action right away to safeguard your online persona and obtain amazing benefits! 🚀 About Privasea Privasea is a state-of-the-art AI + DePIN Network that ensures data security and privacy by using Fully Homomorphic Encryption (FHE). Privasea protects sensitive data throughout the AI processing process by allowing calculations on encrypted data without disclosing it. Privasea addresses data confidentiality and regulatory compliance in AI applications by fusing privacy-preserving techniques with a robust AI network, establishing itself as a pioneer in safe AI and decentralized privacy infrastructure. Step-by-step guide Download the ImHuman App for Android or iOS on your mobile device. đŸ“Č Register an account using the access code âžĄïž buMyuRq ✅ and save your login information. ⚠ Note: Permanent account loss results from losing your backup, password, or login. To mint your ImHuman NFT, deposit a minimum of 0.0255 $SOL and scan your face for biometric information. Please give it a little time; your NFT might not appear right away! Enroll in the Galxe-powered Privasea Community Incentive Program. Invite Code: Enter ❗buMyuRq ❗(tap to copy) #AirdropBinance #airdropeguide #Solana_Blockchain #BinanceLabs
đŸ”„ PRIVASEA AIRDROP Complete GuideđŸ”„

Invite Code: Enter ❗buMyuRq ❗(tap to copy)

Discover the ground-breaking ImHuman app on Solana by Privasea, a cutting-edge AI + DePIN Network supported by @OKX_Ventures, @Zama_FHE, and @BinanceLabs đŸ”¶, with FHEML technology. Don't pass up the chance to mint your Human NFT and reserve your seat in the TGE Early Bird Airdrop for the $PRVA token. Take action right away to safeguard your online persona and obtain amazing benefits! 🚀

About Privasea

Privasea is a state-of-the-art AI + DePIN Network that ensures data security and privacy by using Fully Homomorphic Encryption (FHE). Privasea protects sensitive data throughout the AI processing process by allowing calculations on encrypted data without disclosing it. Privasea addresses data confidentiality and regulatory compliance in AI applications by fusing privacy-preserving techniques with a robust AI network, establishing itself as a pioneer in safe AI and decentralized privacy infrastructure.

Step-by-step guide

Download the ImHuman App for Android or iOS on your mobile device. đŸ“Č Register an account using the access code âžĄïž buMyuRq ✅ and save your login information. ⚠ Note: Permanent account loss results from losing your backup, password, or login. To mint your ImHuman NFT, deposit a minimum of 0.0255 $SOL and scan your face for biometric information. Please give it a little time; your NFT might not appear right away! Enroll in the Galxe-powered Privasea Community Incentive Program.

Invite Code: Enter ❗buMyuRq ❗(tap to copy)

#AirdropBinance #airdropeguide #Solana_Blockchain #BinanceLabs
đŸ”„ PRIVASEA AIRDROP Complete GuideđŸ”„ 1ïžâƒŁInstall the ImHuman app from the Play Store / App Store. 2ïžâƒŁCreate an account 3ïžâƒŁInvite Code: Enter ❗buMyuRq ❗(tap to copy) (You can always restore it later if something goes wrong) 4ïžâƒŁPrepare 0.0251sol as gas fee (transfer to your software wallet) 5ïžâƒŁPerform facial KYC (must scan face) 6ïžâƒŁMint your NFT 7ïžâƒŁComplete. Invite code: ❗ buMyuRq❗ #AirdropGuide #solonapumping #altcoins #Airdrops_free #bitcoin
đŸ”„ PRIVASEA AIRDROP Complete GuideđŸ”„

1ïžâƒŁInstall the ImHuman app from the Play Store / App Store.

2ïžâƒŁCreate an account

3ïžâƒŁInvite Code: Enter ❗buMyuRq ❗(tap to copy) (You can always restore it later if something goes wrong)

4ïžâƒŁPrepare 0.0251sol as gas fee (transfer to your software wallet)

5ïžâƒŁPerform facial KYC (must scan face)

6ïžâƒŁMint your NFT

7ïžâƒŁComplete.

Invite code: ❗ buMyuRq❗

#AirdropGuide #solonapumping #altcoins #Airdrops_free #bitcoin
Surprise Statement from Ardoino, CEO of Stablecoin Giant Tether: 'We Will Invest Half a Billion Dollars in This Sector!'#USDT
Surprise Statement from Ardoino, CEO of Stablecoin Giant Tether: 'We Will Invest Half a Billion Dollars in This Sector!'#USDT
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