The tentatively slated Ethereum upgrade Cancun / Deneb for autumn will be a game-changer for layer-2 rollup technologies such as Arbitrum and Optimism. The basis for this will be the Ethereum Improvement Proposal (EIP) 4844, which will be the main code change of the upgrade, as Christine Kim, vice president in Galaxy Digital’s research team explained.
Last Friday, 15 June, the 111th All Core Developers Consensus (ACDC) call was held. Chaired by Ethereum Foundation Researcher Alex Stokes, participants finalized the final scope of the upgrade. And EIP 4844 (proto-thanksharding) is being implemented.
Ethereum: Next Upgrade Is Huge For ARB And OP
As Kim writes, EIP 4844 introduces a new transaction type called “blobs”. This increases the data and storage requirements of Ethereum blocks and creates a new fee market to value blobs separately from regular transactions.
Data blobs are the first milestone for Ethereum’s full Danksharding, which will allow rollups such as Arbitrum and Op
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