The Ethereum Improvement Proposal 4844, also referred to as the Cancun upgrade, introduces a new type of transaction containing a considerable amount of data that can't be retrieved during the Ethereum Virtual Machine execution but whose commitment can be accessed. EIP-4844 Will Benefit Ethereum and Other Layer 2 Rollup Solutions Danksharding encourages rollups to use the backspace by lowering the cost. Even if rollups can help reduce fees for many Ethereum users, they're inadequate in the long term due to various technical difficulties. We're talking about proto-danksharding, the first step on the path to danksharding. One of the most significant improvements to Ethereum is scheduled for later this year. In spite of this achievement, there will be more upgrades to the network to improve scalability and ensure evolution. It managed to switch to a completely new design without disrupting the previous blockchain network. Last year, Ethereum faced a seemingly impossible task – migrating from the Proof of Work consensus algorithm to the Proof of Stake (PoS) system, which reduced energy consumption by 99.95%. A significant improvement to Ethereum is scheduled for later this year: proto-danksharding, the first step on the path to danksharding.
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