Ethereum Software Upgrade Is All About Cost Cutting This Time

Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network.

Referred by developers as Dencun, the update slated for March 13 is expected to dramatically lower expenses for so-called Layer 2 networks — dozens of chains like Arbitrum, Polygon and Coinbase Global Inc.’s Base that link to Ethereum. A transaction that might have previously cost $1 to post may now cost one cent; another that used to cost cents would now be a fraction of a cent.

The upgrade is being hailed as the most significant change ...