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Ethereum Network Completes Cost-Cutting 'Dencun' Software Upgrade


Ethereum has successfully completed a major software upgrade that should make using the blockchain network ecosystem cheaper. The update enables transactions that previously cost $1 on linked Layer 2 networks such as Arbitrum, Polygon, and Coinbase's Base to be executed for just a cent. The Dencu...

Ethereum has successfully completed a major software upgrade that should make using the blockchain network ecosystem cheaper. The update enables transactions that previously cost $1 on linked Layer 2 networks such as Arbitrum, Polygon, and Coinbase's Base to be executed for just a cent. The Dencun upgrade, a combination of the "Deneb" and "Cancun" portions of the update, introduces a new data storage system for Ethereum.

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