Gnosis Chain, a proof-of-stake blockchain mirroring Ethereum, has successfully activated the Dencun hard fork, which aims to reduce transaction costs on Ethereum. At approximately 2:30 pm ET, the fork went live, introducing a dedicated data storage channel called blobs to enhance scaling on layer-2 networks.
The Dencun upgrade focuses on improving Ethereum’s scalability by facilitating cheaper transactions on rollups, which leverage Ethereum for data availability. Ethereum core developers confirmed no errors were reported after the fork, and the chain is now finalizing with blobs.
Martin Koeppelmann, Gnosis co-founder, stated that while rollups might not achieve sub-cent transaction fees, the Dencun hard fork on Gnosis Chain serves as a horizontal scaling solution complementing layer-2s. “We still think we need more, so we have Gnosis Chain as our horizontal scaling similar to Ethereum, and now we also do layer-2s on top of Gnosis Chain,” Koeppelmann said.
Phillippe Schommers, Gnosis’ infrastructure director, emphasized the chain’s compatibility with Ethereum. “We really want to stay exactly like Ethereum so that an application developed for Ethereum can come to Gnosis Chain seamlessly,” Schommers stated.
One of the first applications leveraging layer-2s on Gnosis Chain will be Gnosis Pay, a payments network currently operating on the base layer but set to migrate to layer-2s for regulatory submission.
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