ETH - What Is the Dencun Upgrade and How Is It Affecting Crypto Markets?
2024-03-28 09:17:00 ET
Far from a finished product, Ethereum (CRYPTO: ETH) aims to one day become powerful enough to help all of humanity. To achieve this, Ethereum developers constantly unveil new upgrades that make it more functional and viable. The most prominent upgrade over the last few years was known as The Merge, which shifted the blockchain from a proof-of-work to a proof-of-stake consensus mechanism.
Sticking to their plan to make Ethereum the premier blockchain, developers launched the Dencun upgrade on March 13. A moniker combining the Deneb and Cancun upgrades, Dencun represents a significant advancement in the evolution of Ethereum. Designed to address multiple limitations, Dencun enhances security, scalability, and overall usability, marking a pivotal moment in Ethereum's journey toward solidifying itself as the home of decentralized finance (DeFi).
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What Is the Dencun Upgrade and How Is It Affecting Crypto Markets?