The planned date for the long-awaited Ethereum Dencun update has finally been announced.

According to CoinDesk, Ethereum developers set the target date for the Dencun update as March 13.

The highlight of this update will be the "proto-danksharding" feature, which will significantly reduce transaction fees on Ethereum layer-2 networks.

Ethereum developer Parithosh Jayanthi made the following statement to CoinDesk:

“It's great that a date has been set for years of effort for the Ethereum network.”

The Dencun update is scheduled to take place on the Ethereum network on March 13 at 16:55 UTC.

The developers have successfully passed three separate testing phases so far to complete the Dencun update smoothly. This week's testing was carried out on the Holesky testnet.

The set date means the update will be a little later than expected. Although the developers initially targeted the end of 2023 for the Dencun update, they later postponed the date to the beginning of 2024.

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