legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

# The Impending Ethereum Update: Duncan Upgrade and the Introduction of Proto-Danksharding

The Ethereum community is abuzz with anticipation for the upcoming Duncan upgrade, set to roll out in the middle of March. One of the key features of this upgrade is the introduction of “proto-danksharding,” which has piqued the interest of Ethereum enthusiasts and developers alike. This upgrade is particularly significant for Layer 2 solutions such as zkSync, Optimism, and Arbitrum, as it is expected to play a crucial role in shaping their future development and scalability.

### The Significance of Proto-Danksharing

Proto-danksharing, also known as EIP-4844, is poised to revolutionize Ethereum transactions by incorporating off-chain ‘data blobs,’ which will expand the capacity for data inclusion without impacting block processing times. This enhancement is expected to greatly bolster the scalability of Layer 2 solutions on the Ethereum network, providing them with the ability to leverage increased data capacity.

With the implementation of EIP-4844, a substantial decrease in transaction costs on Ethereum Layer 2s is anticipated. This upgrade is predicted to result in a significant reduction in transaction fees, a development that will undoubtedly be welcomed by users.

### Impact on zkSync and the Role of Boojum

zkSync, a Layer 2 network operating on the Ethereum mainnet, stands to benefit greatly from the forthcoming Duncan upgrade. Currently, zkSync aggregates hundreds to thousands of transactions into batches, which are then verified on the mainnet, incurring fees that are ultimately passed on to users. However, the implementation of EIP-4844 is expected to bring about a marked reduction in these transaction fees.

Moreover, Matter Labs, the core contributor to zkSync, has been diligently working on code enhancements in line with EIP-4844, aiming to improve the performance and efficiency of the protocol. One of the key developments in this regard is the introduction of Boojum, a STARK-based proof system designed to enable the network to compress and publish a greater amount of data to the mainnet within its batches.

The integration of Boojum has been instrumental in the amount of data zkSync aggregates to Ethereum per Layer 2 batch, and coupled with the cost efficiency that Duncan would bring, the network is poised to become more economical for users.

### AI legalese decoder: Navigating legal Complexities with Ease

Amidst these developments, it’s important to ensure that all legal and regulatory aspects are carefully considered and addressed. This is where the AI legalese decoder can prove to be invaluable, especially for entities operating within the crypto space. By utilizing advanced natural language processing and machine learning capabilities, the AI legalese decoder can assist in interpreting and deciphering complex legal documents, regulatory frameworks, and contractual agreements related to the crypto industry. This powerful tool can provide clarity and insights, enabling organizations to navigate legal complexities with confidence and precision.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link