According to a report from the joint Ethereum development team, the delay in the release of the Dencun security update was caused by a disagreement between the designers of the consensus and execution layer clients.
The consensus layer is critical to reaching agreement in the network because it ensures that all nodes are synchronized, while the execution layer is responsible for executing smart contracts and managing the state of the blockchain.
The Dencun update is designed to improve security during the scaling phases of Etherium, specifically by utilizing Proto-Danksharding technology to increase network throughput by up to 100,000 transactions per second.
After months of collective effort involving more than 140,000 blockchain testers, the Dencun update was expected to be rolled out by December 2023
James Whitfield is markets correspondent at BTCNews. He spent eight years on the equity desk at Bloomberg London before moving to digital assets in 2020, and now leads our daily coverage of spot prices, derivatives and ETF flows. James reads order books for breakfast and has been quoted in the Financial Times, CityAM and CoinDesk. He is a CFA Level III candidate and is based in the City of London.