For smart contracts and space-divided applications, Ethereum is a distributed blockchain platform made by vitalik butterin. On 13 March 2024, dencun upgrade went live. This is kind of a hard fork to make an Ethereum blockchain perfect. This is easy to use and secure. dencurn upgrade network is getting better and users will find it affordable it has just launched so it will take time to get a review from the users. If anyone handles multiple transactions easily and it will help in this particular thing.
By increasing the scalability new update will help Ethereum to handle multiple transitions People reduce the transaction cost and you can see that Ethereum already has very high gas fees but this update definitely helps in this particular thing matter to stop.
Let’s talk about all the benefits of dencun upgrade –
Dencun Upgrade enhances Ethereum blockchain's capability for decentralized apps by integrating and streamlining Layer 2 solutions.
To handle increased transaction volumes, This new Dencun Upgrade boosts the scalability of the Ethereum blockchain.
Dencun upgrade brings various improvements in smart contract efficiency such as streamlined memory management and temporary data storage, and these improvements help to improve the overall user experience.
It sets out to simplify the exit process and improve validators' management. Also, it is very important to maintain the reliability and security of the Ethereum blockchain network.
Dencun Upograde targets high transaction volumes on Ethereum while ensuring better performance and reliability and making transactions more cost-effective for the users.
so after seeing these benefits, you can see that how useful this update is now it is already been implemented you can see that there is no talking about it but it is a major update which is why I decided to share it with the main aim to share the benefits of this new upgrade and the most important thing is the scalability that lacks but not more. I’m not a regular Ethereum user but when I was doing airdrops in the Ethereum-based airdrops I earned some tokens but I did not withdraw those tokens because of the high gas fees issue.
So gas fees were higher than the total airdrop amount so this is funny but at the same time it is not good for the Ethereum blockchain network and I hope that this will going to solve this issue. We have now an alternative and that is the BNB chain this chain is doing very well also the transaction fees are lower than Ethereum but Ethereum has a large user base and it is not easy to beat because it is the second biggest currency in the Crypto industry however they are improving their network so this is going to be a useful for the users. What is your opinion on this information let me know in the comment section and now am signing off and meeting you in my next blog with a very good topic.
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