{"id":24228,"date":"2023-10-27T12:36:38","date_gmt":"2023-10-27T12:36:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/goldman-sachs-analyzes-ethereums-dencun-upgrade-for-scalability\/"},"modified":"2023-10-27T12:36:38","modified_gmt":"2023-10-27T12:36:38","slug":"goldman-sachs-analyzes-ethereums-dencun-upgrade-for-scalability","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/goldman-sachs-analyzes-ethereums-dencun-upgrade-for-scalability\/","title":{"rendered":"Goldman Sachs Analyzes Ethereum&#8217;s Dencun Upgrade for Scalability"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>With the much-awaited Dencun update, Ethereum is one step closer to becoming a scalable settlement layer in the rapidly changing world of blockchain technology. This noteworthy breakthrough, which is scheduled to launch in the first quarter of 2024, has caught the interest of specialists, including Goldman Sachs.<\/p>\n<p>In a recent report, Goldman Sachs highlighted the Dencun upgrade\u2019s revolutionary potential. The bank states that the main effect of Dencun will be a significant increase in the amount of data that is available for layer-2 rollups via proto-dank sharding. This will eventually benefit end users by resulting in a significant decrease in rollup transaction costs.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><strong>Understanding the Terminology<\/strong><\/h2>\n<p>Before delving further into the implications of the Dencun upgrade, it\u2019s important to clarify some key terminology:<\/p>\n<ul>\n<li><strong>Layer 1 Network:<\/strong> This is the foundational layer or infrastructure of a blockchain.<\/li>\n<li><strong>Layer 2:<\/strong> Referring to a set of off-chain systems or separate blockchains built on top of layer 1 networks.<\/li>\n<li><strong>Rollups:<\/strong> These systems process transactions on a faster layer 2 blockchain and then relay the data back to the parent blockchain at a considerably lower cost.<\/li>\n<\/ul>\n<p>A key element of the Dencun update, proto-danksharding provides the framework for further scalability improvements, such as danksharding. Danksharding is similar to network sharding, but its objective is different. With danksharding, shards are allocated to boost data storage capacity rather than being used just to increase transaction volume.<\/p>\n<p>Dencun\u2019s main goal, according to the Goldman Sachs research, is to increase <a href=\"https:\/\/igaming.org\/crypto\/grayscale-aims-to-transform-ethereum-trust-into-etf-linked-to-ether-spot-price\/\">Ethereum\u2019s<\/a> scalability through rollups. This upgrade will improve network security, optimize gas prices, and roll out a number of housekeeping changes.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>With the Dencun update, Ethereum is moving closer to being scalable, which will have a big impact on the blockchain community. The developments that will strengthen Ethereum\u2019s position as a scalable settlement layer include lower transaction costs, better data availability, and more security. The world community is still keeping a close eye on Ethereum\u2019s progress toward innovation, thanks to the backing and analysis of financial giants such as Goldman Sachs.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/goldman-sachs-analyzes-ethereums-dencun-upgrade-for-scalability\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) With the much-awaited Dencun update, Ethereum is one step closer to becoming a scalable settlement layer in the rapidly changing world of blockchain technology. This noteworthy breakthrough, which is scheduled to launch in the first quarter of 2024, has caught the interest of specialists, including Goldman [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":24229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24228"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24228"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24229"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}