Ethereum Dencun Upgrade to Affect ETH Price, Analysts Say

Luke Nolan, a research associate specializing in Ethereum at CoinShares, warns that the upcoming Dencun upgrade of the Ethereum network may influence the supply of Ether. The Dencun upgrade introduces the blobspace, an alternative to the current transactional calldata mechanism, facilitating Layer 2 transactions on the Ethereum network. This change can reduce gas usage, decreasing the amount of Ether burned during transactions. Currently, all Esther used for gas base fees in transactions is burned. Nolan explained, Layer 2s pay 90% of their gas fees for transactional calldata. With the...

source: https://tokenpost.com/Ethereum-Dencun-Upgrade-to-Affect-ETH-Price-Analysts-Say-11129

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