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Reading: Ethereum Network Prepares for Dencun Update with New Features
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COINTURK NEWS > Altcoin News > Ethereum Network Prepares for Dencun Update with New Features
Altcoin News

Ethereum Network Prepares for Dencun Update with New Features

In Brief

  • Ethereum's upcoming Dencun update introduces proto-danksharding.

  • Biconomy announces a new product launch next week.

  • BICO token plays a key role in multi-chain infrastructure.

COINTURK NEWS
COINTURK NEWS 1 year ago
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The cryptocurrency world is now eagerly awaiting the Dencun update on the Ethereum network, set to go live in about 45 minutes. This update will introduce a new feature to the Ethereum network. In light of this development, Biconomy made an important announcement today.

Biconomy (BICO) to Launch New Product

Ethereum is on the verge of a significant update known as Dencun, which includes the introduction of a feature called “proto-danksharding.” The Dencun update aims to solve scalability issues by implementing proto-danksharding on Ethereum.

With this update, Biconomy (BICO) announced that it will launch a new product next week. The announcement stated:

“To celebrate the Dencun EIP-4844 update on Ethereum, next week we are launching something that will shift our paradigm on gas fees!

From being a universal pain point to becoming a strategic acquisition and retention tool for all dApps! Watch this space!”

BICO is the native utility and governance token of the multi-chain transition infrastructure. It acts as network fees, incentivizing all stakeholders to maintain and secure the network. Thus, it plays a crucial role in decentralizing governance and contributing to the network’s security.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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