• iEthereum
  • Posts
  • What the Dencun Upgrade Means for iEthereum?

What the Dencun Upgrade Means for iEthereum?

The Ethereum Upgrade Benefits iEthereum How?

Every day I wake up; research iEthereum and write an article while spending a little time on the iEthereum.org website, vision,etc. I will be honest. This most likely creates a bit of bias. Even though this bias most likely exists; I am the first to acknowledge that this token could go “iether” way. Pun intended.

Greater the risk; greater the reward.

I am confident in the technology. The technology is simple and solid. There are other cryptos with solid, as good and perhaps better technology. The reason I am treating this cryptocurrency different than other cryptos I own is that I believe it has huge potential. Not financial advice. And, furthermore the reason that I am putting myself out there, positioning this newsletter, and building the iEthereum Advocacy Trust community, is my speculation that this is an Apple product.

Of course, this is speculation and I am in the dark as well as everyone regarding the true originations and intentions of this token with an Apple logo. All I can do is speculate. With speculation, comes doubt. One of my concerns with iEthereum is the fact that perhaps the blockchain, distributed ledger technology is moving faster than iEthereum is in of itself. These thoughts are what keeps me balanced on the fence without becoming to bias. In all the imagination, there is a reality. iEthereum is either an Apple product or it is not.

Keeping critical thought is key. To not become emotional in my decision making is important.

Lets apply this critical thinking to the recent Ethereum Dencun upgrade and if it applies to iEthereum. Is iEthereum better or worse after this software upgrade. Is iEthereum being left behind.

I asked Google Gemini for these answers.

IEAT: What is the Ethereum Dencun upgrade?

BARD: Dencun was a major upgrade that went live on March 13, 2024. Here's a summary of what it entailed:

  • Goal: Reduce transaction fees for layer-2 networks built on Ethereum, such as Arbitrum, Optimism, and Polygon. These networks bundle transactions and process them in batches on a separate layer, before finalizing them on the main Ethereum blockchain. Dencun aimed to make this process cheaper.

  • Key feature: Introduced "proto-danksharding," a new method for storing transaction data on Ethereum. This created a separate space for data, allowing it to be stored at a lower cost compared to regular transactions.

  • Impact: Expected to significantly improve the scalability of Ethereum by making it more affordable to use layer-2 solutions.

The Dencun upgrade is considered a significant step forward for Ethereum, addressing a major pain point that has hindered its wider adoption.

IEAT: I notice this Dencun upgrade has a lot of technical talk and action steps for regarding nodes, validators and clients. How does this affect a project that has already deployed their contract? Specifically, an ERC20 token, ie iEthereum that is immutable and cant be changed once deployed?

Subscribe to Premium Paid Sponsorship to read the rest.

Become a paying subscriber of Premium Paid Sponsorship to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Weekly Newsletters (6) per month
Free iEthereum (see distribution schedule) with annual subscription
Free iEthereum matched 1:1 into Scholarship /Grants with annual subscription
Exclusive iEthereum Telegram Group invite

Join the conversation

or to participate.