Ethereum's Deneb-Cancun Upgrade

Article by Fidelity, reads: Ethereum's next upgrade could mean near zero fee's for L2s

Conclusion

The Deneb-Cancun upgrade is the first step toward enabling Ethereum's rollup- centric roadmap. It creates the bedrock that L2 platforms will use to build their ecosystems. EIP-4844 allows Ethereum to function as a proper database for L2s to store data more efficiently. Ethereum's improvement as a database unveils the opportunity for near-zero transaction fees for users of L2s, which may attract new

users.

However, this upgrade will not have many direct effects on Ethereum users themselves. The fee decrease promised to L2 users will not have any impact on those transacting on Ethereum L1. In the short term, users who wish to benefit from this fee change must sacrifice some decentralization and security by transacting on L2s instead of Ethereum. This will certainly spur more users to bridge assets elsewhere. However, we strongly believe that transacting on Ethereum for application-specific purposes will still be considered the best option (especially for high-value transactions) in the medium term as L2 platforms continue mature.$ETH #HotTrends #TrendingTopic #The.Voyager #Season.Of.Growth #The.Clairvoyant