Ethereum

Starknet

Verge

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The <a href="https://u.today/ethereum-dencun-upgrade-final-countdown-begins">Ethereum</a> network is poised for a transformative shift with the imminent launch of the Dencun upgrade today at 1:55 p.m. UTC, marked by the implementation of EIP-4844. This improvement is set to usher in a new era of efficiency, propelling Ethereum's utility and accessibility to the next level by significantly reducing gas fees, especially on <a href="https://twitter.com/TensorFdn/status/1767616700609171508">Starknet</a>.
What is EIP-4844, and how will it change the game? In essence, it introduces a novel concept known as "blob" transactions, which utilize a distinct "blob" resource separate from traditional gas. This segregation is revolutionary; it means that <a href="https://u.today/ethereum-etf-approval-odds-plummet-shiba-inu-whales-disappear-as-large-transactions-drop-samson-mow">Ethereum</a> users and rollup operations no longer have to vie for the same network space, effectively decluttering the transactional highway and allowing for smoother, quicker and cheaper transfers.
<img alt="ETHUSD" data-entity-type="file" data-entity-uuid="db094412-61b9-43ed-9701-f2e61679481d" src="https://u.today/sites/default/files/inline-images/image_572.png"><a href="https://www.tradingview.com/">ETH/USD Chart by TradingView</a>
Imagine a dedicated express lane on the transaction highway exclusively for layer-2 (L2) users, with Starknet engines roaring in anticipation. This innovation is particularly significant considering that rollups are deemed the paramount trustless scaling solution for Ethereum, both now and potentially into the future.&nbsp;
High transaction fees on layer 1 have long been a stumbling block for user adoption and application development. EIP-4844 aims to knock down this barrier, enabling a move to rollups across the ecosystem, fostering low fees without compromising on decentralization.
The implementation of EIP-4844 is a testament to <a href="https://u.today/ethereum-to-5000-163-million-eth-bought-at-key-resistance-range">Ethereum's</a> forward-thinking design. It uses KZG commitments, which are efficient, have fixed-size proof and are compatible with future data-availability-sampling methods.&nbsp;
These changes are part of the larger "danksharding" proposal and will be integrated into the beacon nodes. This is a crucial step, as future sharding efforts will only necessitate alterations to the beacon node, liberating the execution layer to focus on additional initiatives.

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