Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
In a pivotal moment for Ethereum, the anticipated Dencun upgrade encountered unexpected challenges as the Goerli testnet underwent a fork. The development, while generating excitement, has also raised concerns regarding participation levels and potential chain splits.
Here’s a concise breakdown of the recent events surrounding Ethereum’s Dencun upgrade.
Ethereum Dencun upgrade challenges
Ethereum’s much-anticipated Dencun upgrade went live on the Goerli testnet, marking a crucial step toward a new, cost-effective method of storing data on the Ethereum blockchain. However, the upgrade, initiated at 6:32 UTC, faced a significant hurdle – it failed to finalize within the anticipated timeframe.
The primary obstacle appears to be a lack of participation and the reluctance of some network validators to upgrade their software components. Blobs, representing blocks of data on the blockchain, are indeed making their way into the network, but participation levels remain below expectations. Developers express optimism, attributing the issues to a predictable lack of engagement and outdated validator software.
Terence.eth, in a prior announcement, cautioned about low participation, highlighting that approximately 80% involvement was observed. With 10% of validators offline, the risk of losing finality emerged. This could be attributed to operators not upgrading specific software components, contributing to the current challenges.
TimBeiko.eth notes the potential for a non-finality test in the coming hours or days if a sufficient number of validators do not perform the required upgrades. Moreover, a chain split has been identified, prompting client teams to investigate and address the issues. Updates are expected as the situation unfolds.
We might get to do a proper non-finality test on this over the next few hours/days if we don't see more validators upgrade 😅
— timbeiko.eth ☀️ (@TimBeiko) January 17, 2024
These developments underscore the critical importance of testnets in identifying and resolving issues before deploying upgrades on the mainnet.
Ethereum’s new data storage method
Ethereum’s journey towards implementing a new data storage method involves a phased approach, with the Goerli testnet serving as a crucial testing ground.
As the Ethereum community awaits resolution on the Goerli testnet, the broader implications for the mainnet deployment of the Dencun upgrade remain uncertain. The challenges faced in participation and potential chain splits highlight the intricate nature of blockchain upgrades and the importance of comprehensive testing to ensure the stability and functionality of the network.
In the coming days, developers will continue their efforts to address the identified issues, providing the community with updates and insights into the progress of Ethereum’s Dencun upgrade on the Goerli testnet.
The post Ethereum Goerli testnet forks, Dencun upgrade faces hurdles appeared first on Invezz
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.