Ethereum Cancun Upgrade (Dencun) is officially launched! ETH once fell by $3,930

The Ethereum Cancun upgrade "Dencun" was officially launched at 21:55 pm on the 13th, Beijing time. However, there may be some minor delays during the launch process. Market expectations for a surge in ETH failed to materialize, causing the price to fall to $3,930.

It has been confirmed that the upgrade has been completed, and the decline of ETH has also eased, rising again to close to $4,000.

What is the most important proposal for Cancun upgrade, EIP-4844?

Ethereum EIP-4844 is an important part of the Cancun upgrade and represents a key step in the direction of expansion. It introduces a new transaction type (blob) for Rollup to release transaction data. Compared with the current calldata method of storing transaction data that is immutable and memory-read-only, blob provides a larger and more economical storage space for Provides a solid foundation for future expansion.

It should be noted that Blob is mainly used to reduce L2 data storage costs to reduce L2 Gas fees. This helps reduce Ethereum L2 Gas fees and has less impact on Ethereum mainnet Gas fees.

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