Starknet foresees substantial repercussions from Ethereum’s Dencun hard fork

Crypto News– The Layer-2 scaling protocol Starknet is gearing up to amplify the impact of reduced costs for rollups following Ethereum’s latest hard fork, Dencun, slated to take effect on March 13.

Starknet foresees substantial repercussions from Ethereum’s Dencun hard fork

The Starknet Foundation has unveiled plans to introduce additional fee-saving measures on its protocol, coinciding with the Dencun upgrade. Widely regarded as one of the most significant upgrades to Ethereum’s protocol since its transition to proof-of-stake consensus in October 2022, Dencun incorporates Ethereum Improvement Proposal (EIP-4844).

EIP-4844 fundamentally alters how Ethereum rollups store data on the mainnet. Rollups, operating on layer-2, aggregate and process transactions off-chain, subsequently submitting a summarized proof of these transactions to the Ethereum blockchain. By introducing blob space as a substitute for using call data for storage, EIP-4844 paves the way for rollups to incorporate cheaper data into blocks. Historically, utilizing call data for storing cryptographic proofs of off-chain bundled transactions has proven costly due to the requirement for all Ethereum nodes to process the data perpetually on-chain.

Proto-danksharding, named after the researchers who proposed EIP-4844, enables rollups to transmit and append data blobs to blocks. This data remains inaccessible to the Ethereum Virtual Machine and is automatically purged after a predefined period of 18 days. According to David Silverman, Polygon Labs’ vice president of product, blob space offers a significantly cheaper alternative for rollups while upholding the same level of security assurances.