Today, Gnosis made headlines by successfully implementing the Dencun hard fork on its Gnosis Chain, a Layer-1 blockchain that is fully compatible with Ethereum’s Virtual Machine (EVM).
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Notably, this deployment took place two days before the scheduled upgrade on the Ethereum network. This move is poised to revolutionize data efficiency and affordability within the Gnosis ecosystem, paving the way for the development of cost-effective Layer-2 solutions similar to those on Ethereum.
What sets this upgrade apart is that Gnosis Chain becomes only the second blockchain, besides Ethereum, to integrate Dencun. This underlines Gnosis’ commitment to closely align with Ethereum’s advancements since its inception in 2021, gradually bridging the gap between the two platforms.
Martin Koppelman, co-founder of Gnosis, expressed his excitement about the upgrade, saying:
“The Dencun upgrade isn’t just about improving scalability and functionality for Gnosis; it’s about driving broader adoption of blockchain. As more people engage with and build on blockchain technology, we expect to see a wave of innovation .”
Martin Koppelman, co-founder of Gnosis
Koppelman also invited stakeholders to explore these innovations during DappCon, Gnosis’ flagship event, scheduled for May 21 to 23 in Berlin.
Philippe Schommers, head of infrastructure at Gnosis, emphasized the importance of synchronized hard forks with Ethereum, demonstrating the strength and expertise of the Gnosis team. He emphasized that the Dencun implementation on Gnosis Chain would not only reduce costs but also facilitate the scalability of Layer-2 solutions, potentially attracting more participants to the crypto space.
Advancing decentralized ledger technology
In addition to its partnership with Ethereum, Gnosis has played a crucial role in advancing decentralized ledger technology. The genesis of the Gnosis beacon chain took place in December 2020, closely following Ethereum’s timeline. Later upgrades, such as the Merge and Shapella, were quickly integrated into the Gnosis Chain within four months of their implementation on Ethereum.
Looking ahead, Gnosis is gearing up for the Electra/Prague hard fork, in line with Ethereum’s roadmap. In addition, the team is actively deploying the Shutterized Gnosis Chain update on Chiado, Gnosis’s testnet network, aimed at strengthening front-running protection and strengthening anti-censorship measures.
With a steadfast commitment to decentralization and community ownership, Gnosis Chain recently surpassed 200,000 validators, solidifying its position as the second largest validator community in the world.
This achievement underlines Gnosis’ commitment to fostering a resilient and neutral blockchain ecosystem.
To commemorate the hard fork, Gnosis organized a call today with representatives from Nethermind, Geth, EthStaker and Shutter Network. The event also featured prominent figures such as Joseph Lubin, CEO of ConsenSys, alongside Martin Koppelman of Gnosis, and Igor Mandrigin, co-founder and CTO of Gateway, for a discussion on Layer-2 solutions on Gnosis Chain.
The livestream of the event can be viewed here.
