Ether developers confirm final content of 'Dencun upgrade'

Ether developers on Thursday agreed on the full content of the upcoming "Dencun upgrade," CoinDesk reported. The upgrade, which is expected to take place later this year, includes five Ethernet Improvement Proposals (EIPs) designed to add more storage space for data and reduce costs. The centerpiece of this upgrade is EIP -4844 , which will extend the blockchain by providing more space for "blobs," thereby reducing the cost of gas for L2 rollups. The other four proposals are EIP -1153 , EIP -4788 , EIP -5656 and EIP -6780 . There is no exact date for the upgrade yet, but it is expected to take place by the end of 2023.