.Ethereum’s recent update radically changed how the second-biggest blockchain network works by eliminating its reliance on miners and dramatically reducing its energy costs. The network’s next upgrade, “Shanghai,” will focus on tying up loose ends.
. Ethereum’s gas fees – what users pay to complete an Ethereum transaction – are famously high, making certain kinds of transactions unaffordable. That was especially true as the crypto bull market peaked late last year.
Proto-Danksharding, once it’s released, will mark the first phase of a long-planned transition to sharding – a method of splitting up network activity into “shards” as a way to increase its capacity and bring down fees. It’s unclear when proto-Danksharding will make its way into Ethereum’s next update. On the last developer call, researchers signaled that plans for the feature may be finalized in the next month or so.
That said, Ethereum development goals often are overly optimistic. There was talk of the Merge happening years ago. It took place in September. And even if proto-Danksharding does make it into the Shanghai spec sheet, the full “Danksharding” vision – a fully realized version of sharding that could dramatically improve the network’s usability – remains several months away.
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