Ethereum’s highly anticipated upgrade, known as ‘Dencun,’ is set to revolutionize the blockchain network. This upgrade will have a significant impact on investors in the cryptocurrency space.
Improved Scalability
One of the key features of the Dencun upgrade is its focus on improving the scalability of the Ethereum network. With the implementation of new technologies such as sharding and layer 2 solutions, Dencun aims to address the increasing demand for transactions on the Ethereum blockchain, making it more efficient and faster.
Ethereum has seen a significant increase in its value this month, with a 28% rise in distribution across various exchanges and platforms. Investors and analysts have attributed this surge to the impending upgrade known as Dencun, as well as the scaling networks that have been gaining momentum in the Ethereum ecosystem.
