Ethereum is activating the "Dencun❞ upgrade, in a historic move to reduce data fees News summary: - Ethereum has activated the "Dencun" upgrade. Its goal is to reduce data charges on Layer 2 networks such as Polygon and Arbitrum The upgrade introduces a new data storage system It's called "blobs" which will be separate from Regular transactions at a lower cost. Layer 2 networks will be able to deploy data to Ethereum more efficiently and cost-effectively Less, which reduces fees for users The finalists. upgrade also includes many suggestions Improving Ethereum (EIPs) and other EIPs that ||| It will mainly affect developers. O