Ethereum-based L2s getting closer to most radical tech upgrade in Ethereum scaling history
In less than three weeks, blockchains built on top of Optimism's technology OP Stack will undergo the Ecotone upgrade. Expected to go live on the next day after Dencun's mainnet activation, it is set to bring blobs and EIP 4844 to one of the most important EVM L2s.The Ecotone upgrade will go live in the Optimism ecosystem on March 14, 2024, at 12:01 a.m. UTC. It will introduce EIP 4844 or"Proto-Danksharding" to OP Mainnet-like blockchains.
Blobs represent brand-new data instances that are set to be introduced by the Cancun-Deneb upgrade in Ethereum in mid-March.As covered by U.Today previously, yesterday, Ethereum developers confirmed March 13 as the final date for mainnet Dencun activation. The upgrade will make Ethereum data logistics more resource-efficient; dominant L2s will be the biggest beneficiaries of the new scheme.On March 14th, Optimism is going to get a lot cheaper.
Meanwhile, Ethereum developer community has already started discussing the next phases of EVM progress. Replacing blockspace-intensive calldata with blobs during Dencun, Ethereum is set to migrate toward the Surge phase of its ambitious road map. The next stages of its progress — the Verge, the Purge and the Splurge — become closer as Ethereum's Electra hard fork started taking its shape. Expected to go live in late 2024 or early 2025, Electra will enhance validator deposits and change the rules of execution layer functions.Arab Financial Services Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
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