The Ethereum upgrade known as "Cancun-Deneb" is scheduled to start testing on January 17, according to an official note published on the Ethereum Github repository. The testing phase will begin on the Goerli testnet and will later be implemented on the Sepolia and Holesky testnets. The upgrade aims to reduce fees, introduce new features for bridges and staking pools, and limit the use of self-destruct operations on smart contracts. The upgrade includes Ethereum Improvement Proposal 4844 (EIP-4844), also known as proto-danksharding, which aims to enhance scalability and reduce transaction costs on Layer 2 networks. The deployment of the upgrade on the mainnet is expected to happen around the end of February, but the exact date is subject to change based on the outcome of the testnet forks. Concerns have been raised about a potential delay in the deployment of the upgrade on the mainnet, but no specific date has been set yet.
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