Ethereum, one of the world’s largest cryptocurrencies, is set to undergo a major upgrade known as Deneb. This upgrade will implement new changes across the execution layer (EL) and the consensus layer (CL). Here are some key inclusions in the Deneb upgrade:
1. Execution Layer Changes
- EIP-4488: This change will introduce a new opcode,
EXTCODEHASH, which will allow contracts to verify the code hash of other contracts without having to execute them. This will help reduce gas costs and improve efficiency.
- EIP-4569: This change will introduce a new opcode,
CREATE3, which will allow contracts to create new contracts with a deterministic address. This will help improve the predictability of contract addresses and reduce the risk of collisions.
2. Consensus Layer Changes
- Validator Balance Cap Increase: This change will increase the maximum amount of ether that validators can stake in the Ethereum 2.0 network. This will help improve the security of the network by encouraging more validators to participate.
- EIP-4594: This change will introduce a new mechanism for handling network upgrades, known as the “Ethereum Improvement Proposal (EIP) freeze.” This will help ensure that network upgrades are more predictable and less disruptive.
The Deneb upgrade aims to improve scalability, security, and usability of the Ethereum network. It remains to be seen how long it will take for DApps to transition to this new technology, but with Ethereum’s advancements in sustainability, scalability, and security, many bottlenecks will be improved, paving the way for greater Ethereum adoption and use cases.
The Deneb upgrade is a major step forward for the Ethereum network. The upgrade will improve the network’s scalability and security, making it more attractive to developers and users.