{"id":231561,"date":"2024-01-18T12:22:18","date_gmt":"2024-01-18T06:52:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=231561"},"modified":"2024-01-18T12:22:18","modified_gmt":"2024-01-18T06:52:18","slug":"dencun-finalizes-on-goerli-after-rocky-fork-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dencun-finalizes-on-goerli-after-rocky-fork-crypto-news\/","title":{"rendered":"Dencun Finalizes On Goerli After Rocky Fork &#8211; Crypto News"},"content":{"rendered":"<p>The Prysm Ethereum client initially suffered a bug triggering a post-fork network split<\/p>\n<div>\n<p>Ethereum\u2019s forthcoming Dencun upgrade is now live on the Georli testnet, but its deployment did not initially go as planned.<\/p>\n<p>The Goerli Dencun\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=jbhFdUFnWUU\">fork<\/a>\u00a0took place on Jan. 17 at around 1:35 am, replacing the gas-intensive calldata with blobs through\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/ethereum-scaling-eip-4844\">EIP-4844<\/a>. The upgrade, also referred to as proto-danksharding, will increase data availability and significantly reduce transaction fees on Layer 2, in addition to laying the infrastructure for Ethereum to become sharded in the future.<\/p>\n<p>However, Dencun\u2019s Goerli deployment initially\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/protolambda\/status\/1747528819353796826\">suffered<\/a>\u00a0a network split after Prysm, an Ethereum client, encountered a bug at the time of the fork.<\/p>\n<p>\u201cPrysm encountered a bug right at Goerli&#8217;s hard fork,\u201d\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/terencechain\/status\/1747528980725719156\">tweeted<\/a>\u00a0Terence Tsao of Prysmatic Labs, the team behind Prysm. \u201cThe bug has been identified, and a fix is currently being merged.\u201d<\/p>\n<p><!--$!--><!--\/$--><\/p>\n<p>Paritosh, a DevOps engineer at the Ethereum Foundation, confirmed Dencun\u2019s finalization on Goerli roughly two hours later.<\/p>\n<p>\u201cAfter the fix was patched in, the validators came back online and the chain started finalizing again,\u201d Paritosh\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/parithosh_j\/status\/1747564353467936817\">tweeted<\/a>. \u201cAll L2s can start testing EIP-4844 now.\u201d<\/p>\n<p>Dencun will next go live on the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/ethereum-s-new-holesky-testnet-delayed-after-launch-failure\">Holesky<\/a>\u00a0testnet on Jan. 30, before going live on mainnet come Feb. 7 \u2014 assuming no major issues are encountered beforehand.<\/p>\n<h2>Scalability gains<\/h2>\n<p>Dencun is expected to significantly reduce the fees associated with transacting on Layer 2, allowing L2s to compete with alternative Layer 1s on fees while inheriting Ethereum\u2019s robust security layer.<\/p>\n<p>A recent increase in\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/ethereum-throughput-tags-record-high-as-burn-rate-drives-down-eth-supply\">on-chain activity<\/a>\u00a0has driven up Layer 2 transaction costs, with gas fees up between roughly 100% and 200% since mid-October on leading L2s Arbitrum, OP Mainnet, ZkSync Era, Base, and Linea.<\/p>\n<p>Unlike calldata, the blob data introduced by Dencun do not compete with Ethereum transactions for gas usage, significantly reducing the blockspace needed to process transactions on L2. <\/p>\n<p><!--$--><\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p><!--\/$--><\/p>\n<p>In an appearance on<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/podcasts\">\u00a0The Defiant Podcast<\/a>, Carl Beekhuizen of the Ethereum Foundation described the cost of storing data on-chain as the primary bottleneck restricting the scalability gains available at Layer 2.<\/p>\n<p>\u201cIf you scale to thousands and thousands of transactions, then all of a sudden it costs a lot just to [store the data] on-chain,\u201d Beekhuizen\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/podcasts\">said<\/a>. \u201cThe idea behind Danksharding and EIP-4844 is to provide really cheap data storage\u2026 so the L2s can provide cheap transactions to their users.\u201d<\/p>\n<p>Linea, the upstart Layer 2 from Consensys,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/linea.mirror.xyz\/dZZ2s9cj_9a30rQWldEfPTihKAT6OJk_ypNy8cTstVs\">announced<\/a>\u00a0it will host in-person events across 21 major cities to celebrate the upgrade and prepare developers for the post-Dencun landscape.<\/p>\n<p>\u201cEIP-4844 introduces a new way to store data on Ethereum that significantly reduces storage costs,\u201d Linea said. \u201cEliminating that storage cost reduces Linea\u2019s gas costs, and this is a big win that affects all L2s, dApps and teams that build on them.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Prysm Ethereum client initially suffered a bug triggering a post-fork network split Ethereum\u2019s forthcoming Dencun upgrade is now live on the Georli testnet, but its deployment did not initially go as planned. The Goerli Dencun\u00a0fork\u00a0took place on Jan. 17 at around 1:35 am, replacing the gas-intensive calldata with blobs through\u00a0EIP-4844. The upgrade, also referred [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":231562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-231561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/231561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=231561"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/231561\/revisions"}],"predecessor-version":[{"id":231564,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/231561\/revisions\/231564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/231562"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=231561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=231561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=231561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}