Ethereum recently successfully completed a major update, the Dencun Upgrade. Vitalik Buterin, co-founder of the leading altcoin, shared his views on what’s next. Accordingly, the next important milestone involves Blob validation. This move will help make room for the new Ethereum era. Meanwhile, Ethereum validators have surpassed one million and have locked over $117 billion.
What’s next after the Ethereum Dencun Upgrade?
cryptokoin.comAs you follow from , Ethereum recently completed the Dencun Upgrade. The community is now wondering what will follow this upgrade. Vitalik Buterin, co-founder of the leading altcoin, explained that with blob activation out of the way, the next thing to do is to authenticate blobs with a conservative version of DAS known as PeerDAS.
More than two weeks have passed since the Ethereum Dencun upgrade was released on mainnet in epoch 269568. Also, the first blob was recorded a few minutes later. The upgrade significantly reduced the gas fee or transaction costs. Because Dencun introduced the distribution of EIP-4844, which we also know as “proto-danksharding”.
What will the new system bring?
However, developers and community members are wondering what comes next after blob activation. Vitalik Buterin emphasized that the blob fee market has reached “price discovery mode.” He also explained that the future of Ethereum scaling depends on rollups powered by data space secured by data availability sampling. As a result, the implementation of EIP-4844 is crucial to achieving this future.
The next step in validating blobs with PeerDAS is necessary to introduce additional scaling solutions to the protocol. The ETH inventor stated that “blobs are the moment when Ethereum scaling ceases to be a “zero-to-one” problem and becomes a “one-to-N” problem.”
Ethereum validators exceed 1 million
Latest statistics show that validators on the Ethereum network have surpassed the 1 million threshold. It also reveals that billions of dollars are locked in the Beacon Chain. Evan Van Ness, Ethereum’s former Chief Decentralization Officer, expressed his excitement about the issue. Evan Van Ness drew attention to this development in an article. Van Ness cited statistics collected by analyst Hildobby via data analysis platform Dune, showing that ETH validators have now surpassed 1,000,911.
Records at the time of writing show that Ethereum has 1,002,488 validators who have staked 32,079,608 ETH on the network. Considering that ETH’s market cap is $3,540, the monetary value of staked tokens reaches a staggering $117,090,569,200. Meanwhile, Lido Finance holds the largest share among primary validators on the Ethereum network at 30%. It is followed by centralized exchanges Coinbase and Binance with 14% and 3.85% respectively. Notable contributors to the list of ETH validators include Kraken, Upbit, and Frax Finance.
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