{"id":20935,"date":"2024-06-26T11:07:57","date_gmt":"2024-06-26T09:07:57","guid":{"rendered":"https:\/\/affidaty.io\/blog\/?p=20935"},"modified":"2024-06-26T11:08:00","modified_gmt":"2024-06-26T09:08:00","slug":"ethereum-dencun-staking-eip","status":"publish","type":"post","link":"https:\/\/affidaty.io\/blog\/en\/2024\/06\/ethereum-dencun-staking-eip\/","title":{"rendered":"Ethereum Blockchain: Dencun, EIP and Staking service"},"content":{"rendered":"\n
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The Dencun<\/strong> Update includes various Ethereum Improvement Proposals (EIPs).<\/p>\n\n\n\n

Through EIPs, it is possible to propose new blockchain functionalities, disseminate significant technical contributions, and track changes in Ethereum.
The EIP guidelines of October 25, 2015 (EIP-1) establish that to introduce an EIP, it must be accompanied by a concise technical description and a motivation justifying its introduction. EIP-1 guidelines state that the approval process of a single EIP occurs through peer review by the Ethereum community.
Furthermore, since EIP-1 stipulates that \u201cthe EIP author is responsible for building consensus within the community and documenting dissenting opinions<\/em>,\u201d 1<\/sup> it is suggested that the author discusses it in advance within one of the main community forums called \u201cEthereum Magicians.\u201d<\/p>\n\n\n\n

Despite such approval mechanisms being part of a blockchain<\/strong> characterized by a \u201cform of organization without organization<\/em>,\u201d 2<\/sup> their existence is justified by the respect for principles that some argue are the \u201cConstitution\u201d of Ethereum<\/strong>. Although not formally codified, this \u201cConstitution\u201d consists of general principles that first emerged in the well-known \u201cDao Hack\u201d case. On that occasion, due to an illegal act contrary to those general principles that \u2013 in fact \u2013 govern the community 3<\/sup>, the Ethereum<\/strong> ecosystem was modified through the rewriting of the ledger itself 4<\/sup>. In light of this, EIPs are therefore legitimate and part of Ethereum<\/strong>\u2019s primary rules.<\/p>\n\n\n\n

Turning to a more detailed analysis of Dencun<\/strong>, one of the most important changes is related to EIP-4844, also known as \u201cprotodanksharding<\/em>.\u201d The importance of this EIP<\/strong> stems from the fact that it makes storage management more efficient by introducing \u201cblobs,\u201d which are spaces for temporarily storing data related to the blockchain\u2019s<\/strong> Layer 2 (L2). Cryptographic engineer Noah Citron describes EIP-4844 as follows:<\/p>\n\n\n\n

\u201cThink of Ethereum as a highway. Mainnet transactions are the people riding alone in cars. Rollups are the buses that group people, helping alleviate traffic. EIP-4844 basically adds a \u201cdedicated bus lane\u201d to Ethereum, making the network more efficient. The Dencun upgrade also paves the way for additional \u201cbus lanes\u201d to be added in future.<\/em>\u201d<\/p>\n\n\n\n

Secondly, Dencun<\/strong> improves the security and quality of node outsourcing by introducing, among others, EIP-7044. This EIP<\/strong> is relevant for providing the staking service on Ethereum<\/strong>, especially in jurisdictions like Switzerland, where, for example, the Swiss Financial Market Supervisory Authority (FINMA) has already legally qualified the staking service. Specifically, this authority believes that, under certain conditions, authorization for banking activity may not be necessary for staking service providers. Therefore, providing the staking service on Ethereum<\/strong> may not qualify as a public deposit service. Indeed, this qualification depends on technical measures to ensure that \u201ccrypto assets are always available to the customer 5<\/sup>.\u201d \u00a0<\/p>\n\n\n\n

In Ethereum<\/strong>, the staking service is provided in two ways:<\/p>\n\n\n\n