The Ethereum client developers announced on Thursday, October 26, that they will not be putting the Dencun upgrade into effect before the end of the year. This is a result of disagreements between the developer clients for the execution layer and the consensus layer. The delay in the developments could increase pressure on the price of Ethereum.
Developers Cite Problems with Consensus
The new Holešky testnet was delayed by one month by the Ethereum developers. Additionally, it was widely agreed that it was exceedingly unlikely to adequately test the upgrade before the December holidays.
The consensus on yesterday’s All Core Developers call seems to support the Prysm developer Potuz’s (pseudonym) point of view. “There is no way we are implementing a mainnet fork in 2023,” he declared.
“Not a single one of them has gone smoothly,” he said, highlighting the recurring consensus issues that had surfaced on the ten developer networks (devnets) set up to test the update over the previous six months.
The two main types of Ethereum clients are those in charge of the consensus layer and those in charge of the execution layer.
The execution layer client teams stated that they are ready for the next testnets, in contrast to the consensus teams.
“Most things are also on Master, so we are in a pretty good place currently, a Geth developer named Lightclient said, alluding to the primary Go Ethereum project digital workspace, which houses code, files, and revision history.
Devnet 10 was released this week, and the execution clients will soon go to a more extensive test on the Goerli testnet. Potuz from Prysm, however, voiced his doubts about this notion.
He said, “I’m not at all comfortable having a full client fork on Goerli.” Referring to Prysm, the program that presently powers 45% of the consensus layer clients, he continued, “I see very significant and profound changes still being implemented in the branch.”
Concerning the Ethereum Dencun Update
The Dencun update makes use of cutting-edge encryption techniques to guarantee the security of the Ethereum scaling enhancement known as Proto-Danksharding.
Several people took part in the KZG Ceremony, each of them contributing a secret and doing calculations to combine it with earlier inputs. This technique results in the production of a “structured reference string” (SRS), an essential part of Proto-Danksharding’s KZG Commitments encryption method.
The upgrade incorporates the outcome of this cooperative endeavor. The entire structure is safe as long as the ceremony involves at least one honest person. A high degree of security was guaranteed by 141,416 participants after months of collecting contributions.
However, the Ethereum scaling project Scroll has been operating profitably, having recently achieved over $15 million in DeFi TVL.