Bankless Dencun 101: Tim Beiko Explains Ethereum’s Upgrade and Beyond
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Mar 13, 2024 Tim Beiko, Coordinator at the Ethereum Foundation, breaks down the exciting updates behind Ethereum's latest upgrades. He explains the significance of the Dencun hard fork and introduces vital EIPs like EIP-6780 and EIP-7044, focusing on their impact on user fund retrieval and validator capabilities. Tim also dives into the efficiency improvements coming from opcode changes and discusses the upcoming Pektra hard fork, ensuring listeners stay at the forefront of Ethereum's evolving landscape.
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Ethereum Naming Conventions
- Ethereum upgrade names combine city names (execution layer) and star names (consensus layer).
- This naming convention started after the merge, with "Paris" being an exception.
Blob Evolution
- EIP-4844 introduces "stone age" blobs, setting the stage for future "sci-fi" blobs.
- Future blob improvements won't require layer 2 upgrades, enhancing scalability.
Validator Cap
- EIP-7514 introduces a cap on new validators per block, limiting the validator set growth rate.
- This allows client teams to optimize and facilitates community discussion on ideal validator numbers.