Ethereum to Release Dencun Upgrade on March 13th
Ethereum developers set a target date of March 13th for its long-awaited Dencun upgrade during a bi-weekly coordinating call, officially triggering the countdown to the blockchain’s biggest changes since April 2023.
The Dencun upgrade is primarily known for its “proto-danksharding” feature, which is supposed to reduce costs for transactions on auxiliary “layer-2” networks built atop Ethereum, by providing a dedicated space for data storage.
What is a hardfork?
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.
In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.