7️⃣ days remaining for the Second Sunset Fork of the BNB Chain Fusion! The upgrade hard fork will take effect at block height 378,062,790 on July 14, 2024, at 06:00 UTC. Here's everything you need to know to prepare for the upcoming hard fork on July 14... What is BNB Chain Fusion? BNB Chain Fusion is the migration of BNB Beacon Chain's functions to BNB Smart Chain (BSC). This shift will retire the BNB Beacon Chain, streamlining the network, boosting efficiency, enhancing security, and aligning with modern tech demands. The Beacon Chain Sunset is divided into multiple stages: first sunset upgrade, second sunset upgrade and final sunset upgrade. The second sunset upgrade is the second milestone of BEP-333. For more info on BEP-333, please see the link below: https://lnkd.in/ezNzgUz8 What you MUST do to prepare for the hard fork: In the following posts, we have guides for the following users to prepare for the sunset: 🔶 BNB/BEP2 Asset Holder 🔶 BNB Stakers 🔶 Full Node Operator 🔶 BNB/BEP2 Asset Holder Use the link below to learn how to transfer your BNB Beacon Chain assets, including BEP2 tokens, before and after BC Fusion. Assets not migrated by August 15 will become unmovable. https://lnkd.in/ed64vUfk 🔶 BNB Stakers Migrate your delegations to the new native staking system with: • Cross Chain Redelegation • Undelegation, Cross Chain Transfer, New Delegation The guide below will help stakeholders migrate their staked BNB 👇 https://lnkd.in/eV3iVPWT 🔶 Full Node Operator Upgrade to v0.10.22: • If node is synced with the network, download the new binary & new config file of app.toml • Add/update the SecondSunsetHeight = 378062790 under the [upgrade] module of app.toml • Restart bnbchaind process 🔗 https://lnkd.in/euqE97ER Please refer to the below page for the updated countdown along with extra guides and information about the full BNB Chain Fusion 👇 https://lnkd.in/epy4YP4Z
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Only 2️⃣ days remaining for the Second Sunset Fork of the BNB Chain Fusion! The upgrade hard fork will take effect at block height 378,062,790 on July 14, 2024, at 06:00 UTC. Here's everything you need to know to prepare for the upcoming hard fork on July 14 🧵 👇 What is BNB Chain Fusion? BNB Chain Fusion is the migration of BNB Beacon Chain's functions to BNB Smart Chain (BSC). This shift will retire the BNB Beacon Chain, streamlining the network, boosting efficiency, enhancing security, and aligning with modern tech demands. The Beacon Chain Sunset is divided into multiple stages: first sunset upgrade, second sunset upgrade and final sunset upgrade. The second sunset upgrade is the second milestone of BEP-333. For more info on BEP-333, please see the link below: https://lnkd.in/ezNzgUz8 What you MUST do to prepare for the hard fork: In the following posts, we have guides for the following users to prepare for the sunset: 🔶 BNB/BEP2 Asset Holder 🔶 BNB Stakers 🔶 Full Node Operator 🔶 BNB/BEP2 Asset Holder Use the link below to learn how to transfer your BNB Beacon Chain assets, including BEP2 tokens, before and after BC Fusion. Assets not migrated by August 15 will become unmovable. https://lnkd.in/ed64vUfk 🔶 BNB Stakers Migrate your delegations to the new native staking system with: • Cross Chain Redelegation • Undelegation, Cross Chain Transfer, New Delegation The guide below will help stakeholders migrate their staked BNB 👇 https://lnkd.in/eV3iVPWT 🔶 Full Node Operator Upgrade to v0.10.22: • If node is synced with the network, download the new binary & new config file of app.toml • Add/update the SecondSunsetHeight = 378062790 under the [upgrade] module of app.toml • Restart bnbchaind process 🔗 https://lnkd.in/euqE97ER Please refer to the below page for the updated countdown along with extra guides and information about the full BNB Chain Fusion 👇 https://lnkd.in/epy4YP4Z
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🚢🚢🚢 Now shipping! An update on recent feature releases... We are now live with 3 more DeFi protocols!! This means we now support 9 of the top 10 protocols [based on TVL] and we support a total of 18 protocols across 8 chains (https://lnkd.in/e86-p5AZ). This can help dApp builders seamlessly expand your protocol support leading to additional revenue streams and user stickiness! The latest additions are: • ether.fi • RocketPool • Spark DeFi There's also a lot more to come soon so if there's a protocol you need, let us know so can add to our product pipeline 💪 If you haven't explored our DeFi positions feature yet, now is the perfect time! Here's a reminder of the endpoints: 1. DeFi Protocols by Wallet: Get a summary of all DeFi protocols your wallet is interacting with, including total and unclaimed USD values. (https://lnkd.in/ef2u3786) 2. DeFi Positions by Wallet: See a standardized breakdown of all protocol positions for your wallet. (https://lnkd.in/eY8JkXqD) 3. Get Detailed DeFi Positions by Wallet and Protocol: Dive deep into the details of all positions for a given wallet and protocol. (https://lnkd.in/e5KhbfFC)
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Next week, the Dencun Upgrade is going live on Ethereum Mainnet. As part of this, EIP-4844 will be implemented — reducing gas fees on L2s from dollars to fractions of cents. Here’s everything you need to know about the biggest upgrade to Ethereum since The Merge:👇 Dencun includes changes to Ethereum's consensus & execution layers — combining the Deneb & Cancun upgrades. As part of Cancun, EIP-4844 is being introduced to Ethereum, using a new transaction type, known as a ‘blob-carrying transaction', to cut gas fees by 10-100x. Rollups will use this new transaction type to post data to Ethereum Mainnet cheaper than is currently possible, leading to: → Improved scalability → Preserved decentralization → Setting the stage for further upgrades (e.g. full danksharding) So how does it work? 👇 EIP-4844 allows for "blobs" of data for L2 settlement instead of calldata, reducing gas fees. Blocks can include up to 6 blobs. Each blob stores up to 128kb of data and is available for ~18 days to manage disk use & cost. Each blob-carrying transaction can have 1 or 6 blobs. If not fully utilized, the transaction sender still pays for 128kb. This mechanism aims to balance the need for data storage with manageable costs for users. So why will gas fees decrease? 🤔 Blobs are cheaper than calldata, and EIP-4844 introduces a blob base fee — varying like EIP-1559's gas fees — based on supply and demand. This new market aims to adjust blob storage costs dynamically, ensuring efficiency and cost-effectiveness. This is estimated to have a 10-100x reduction in transaction fees for L2s. For example, the gas cost for a Uniswap DEX swap on Base: $0.58 → $0.01 The Dencun upgrade is massive for Ethereum — bringing the costs of building & transacting on L2s close to zero. This will drive adoption amongst developers & bring the next billion users onchain. To get prepared, start deploying contracts on any EVM using thirdweb. 💫
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SlashToken Draw is one of the first Web3 applications to adopt Ethereum's Dencun upgrade! 🚀 Our latest smart contract deployment utilises transient storage to dramatically reduce gas fees more than 40%! Learn more: https://lnkd.in/gEiHs74E #Web3 #Ethereum #SlashToken
Embracing Ethereum’s Dencun Upgrade: SlashToken’s Leap into Transient Storage
medium.com
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Milestone - Geth v1.14.0 - is out! Pathdb by default, live tracing, beacon light client, no more pre-merge nets, no more pending block and more! Please read through the release notes carefully, some changes might impact you and your projects. https://lnkd.in/dRUxgTzw #Solidity #Ethereum #Web3
Release Asteria (v1.14.0) · ethereum/go-ethereum
github.com
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The highly-anticipated Dencun upgrade for the Ethereum network has been activated on the Goerli testnet. However, the upgrade is facing challenges as it failed to finalize as expected after its launch at 6:32 UTC on Wednesday. The Dencun upgrade represents Ethereum's most significant update since the Shapella upgrade in April 2023. While Shapella allowed the withdrawal of staked ether (stETH), Dencun aims to significantly reduce transaction costs on layer 2 (L2) networks.
ETHEREUM’S DENCUN UPGRADE LIVE ON GOERLI TESTNET WITH ISSUES
https://stoneblock.hr
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Events are often treated lightly in the context of security as many people focus fully on the on-chain part. And that's a mistake! They have a large impact on the integration with web2 components. This is especially important for projects like bridges or LRs, where a large part of the business logic can take place off-chain. Read a great article about DO's and DON'Ts for events https://lnkd.in/dZanyQ5n
Principles and Best Practices to Design Solidity Events in Ethereum and EVM
blog.eigenlayer.xyz
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Looks like Ethereum #layer2's will be getting significantly lower gas fees and faster transaction speeds if this upgrade passes all three testnets: "The #Dencun network upgrade was activated on the Goerli testnet on Jan. 17 and introduced several #ethereum Improvement Proposals (EIPs). Of particular interest is EIP-4844, which enables proto-danksharding, a highly anticipated improvement touted to reduce L2 transaction fees." This will be a major boon for many L2's on Ethereum, and likely lead to much more development. Exciting stuff by Gareth Jenkinson at Cointelegraph 🖱 👇 #ethereumnews #digitalassetmanagement #defi
Ethereum devs expect 10x lower rollup costs as Dencun upgrade hits testnets
cointelegraph.com
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As the bull run seemingly approaches, a couple of L1 and L2 frameworks have been coming up with almost similar but distinct use cases. I recently got wind of the Omni network which is powered by the novel dual proof of stake consensus mechanism. Through the instrument of Omni, developers are given latitude to deploy omni roll up smart contracts thus enhancing interoperability and unifying them into a single mechanism. With this protocol, applications made by developers can expand beyond a single roll ups user base. Similarly, devs are given an opportunity to go on a frolic of their own to build global applications tapping into Ethereum's roll up ecosystem. The most interesting feature of this protocol is its gas abstraction mechanism. By this, users no longer need to distinctly hold different native tokens for each network, all gas fees can be paid with just one unified token . Its native token, $OMNI1 has shown immensely good potential thus far, sitting at a market cap of about $275M and a 24H trading volume of $648M. In a similar vein, it has a supply of just $100 million. Owing to this, it has earned listings on reputable CEXs like Bitget. As customary with Binance launchpool projects, OMNI is bound to do well, lets discuss in the comments.
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We are excited to share that the widely anticipated Ethereum Dencun upgrade is now live on the Goerli test network. However, there have been some reported issues related to the upgrade. According to a recent live stream on social media, Dencun was initiated on Goerli this Wednesday, but it appears that the chain has not finalized when expected, leading to a potential split. This upgrade is considered to be the biggest event since the Shapella upgrade in April 2023. It is expected to significantly reduce transaction costs in Layer 2 networks, marking important steps for Ethereum's transition from a Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS) after the Merge. The upgrade was initially scheduled for October 2023, but has been moved to the first and second quarters of 2024. It will be deployed in three phases, with subsequent implementations in the Sepolia test network on January 31 and the Holesky testnet on February 7, before the Ethereum mainnet. While the deployment on the Goerli testnet has not achieved consensus and finality, developers believe this may be due to low participation and roughly 80% offline validators. Regardless, developers plan to conduct a suitable off-consensus test within the next few hours or days. Read the full article on CoinNET for more details: [Ethereum Dencun Yükseltmesi Goerli Testneti Yayında](https://ift.tt/gEnXkZP)
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