The Ethereum development team has recently announced the postponement of the Decun upgrade activation on the Goerli testnet to January 2024. This means that the official activation of Decun may be delayed until the end of the first quarter or the beginning of the second quarter of 2024.
It’s worth noting that the expected timeline for the deployment of the Decun upgrade coincides with the Bitcoin Halving event and the approval deadline for the Bitcoin ETF Spot. This alignment is likely to have a significant impact on the overall market.
Decun (Cancun-Deneb) is a crucial upcoming upgrade for Ethereum following the Shapella upgrade. This upgrade includes the Ethereum Improvement Proposal (EIP) EIP-4844, also known as proto-danksharding, which aims to increase storage space for data and reduce fees. The focus of this upgrade is to expand the blockchain by creating additional space for data “blobs,” which is expected to reduce gas fees for layer 2 rollups.
Decun is a combination of Deneb and Cancun and will bring important changes to Ethereum, including:
- EIP-4844 (Proto-Danksharding): Proposal to reduce data transaction storage costs.
- EIP-4788: Improvements in cross-chain bridge design and staking pools.
- EIP-5656: Updates to the Ethereum Virtual Machine.
- EIP-1153: Changes to the data storage structure within blocks.
- EIP-6780: Removal of code segments allowing smart contract cancellation.
However, the deployment of Decun depends on various factors, such as the readiness of source code across consensus layers and Ethereum execution, as well as the readiness of multiple client teams. All of these elements need to be thoroughly tested on public testnets, which will take a considerable amount of time.