Learn to Earn in the Web3 Space: A Quick Dive into Dencun - Issue 002
Hello amazing person,
Glory Praise, here again, your guide into the fascinating world of Web3. I invite you to join me on an exciting journey into the world of Web3. My goal is to share my knowledge, learn as we go, and help others unlock the full potential of the Web3 space.
🌱 What’s New?
In the past weeks, the Web3 space made a big leap with the Dencun upgrade for Ethereum. This significant update is a combination of Cancun and Deneb upgrades. The upgrade introduces proto-danksharding, a novel data storage method designed to reduce transaction fees and increase the network's processing speed. This upgrade is like a major overhaul for Ethereum, making it faster, safer, and easier to use. It's like upgrading a highway to handle more cars more efficiently, which is great news for people who want to build new apps or use existing ones on Ethereum. It also makes it cheaper to do things on Ethereum with a substantial reduction in gas fees, which could lead to more people using it and creating new decentralized applications (dApps).
In the Dencun upgrade, "blobs" are temporary storage units introduced to store intermediate results during contract execution, significantly reducing gas costs and enhancing the network's efficiency. This innovation supports Layer 2 solutions by processing transactions off-chain, leveraging Ethereum's security, and facilitating seamless integration, thereby bolstering Ethereum's potential for decentralized applications and smart contracts.
Additionally, it includes several Ethereum Improvement Proposals (EIPs) beneficial for developers, focusing on reducing on-chain data storage fees, improving bridge and staking pool designs, and enhancing the Ethereum Virtual Machine (EVM). This upgrade represents a significant step forward for the Ethereum network and the broader Web3 ecosystem, setting the stage for further growth and development in the decentralized world. This is a big deal because it could make Ethereum more popular and useful for everyone, not just tech experts.
💡 Learn to Earn Platform
Dive into the exciting world of earning in the Web3 ecosystem with LearnWeb3's EarnWeb3 Bounties Program. This platform offers a variety of challenges and projects that cater to different skill levels, from beginners to advanced developers.
The EarnWeb3 Bounties Program is designed to encourage learning and innovation, offering a hands-on approach to mastering Web3 technologies. Whether you're looking to enhance your coding skills, explore new areas of blockchain, or contribute to the development of the decentralized web, this platform is a great starting point.
🎥 Latest YouTube Video
🎬 Video Title: "10 Web3 words you must know in 2024"
Dive into my latest YouTube video, where we break down the top Web3 words, their meanings, and use cases. Watch now to stay ahead of the curve!
📅 Upcoming Web3 Events
🔍 Event Name: muAccra
📍 Location: Ghana
📅 Date: May 5th - May 19th
Learn more: https://the-mu.xyz/blog/muaccra
🔍 Event Name: Code Africa Conference
📍 Location: Kenya
📅 Date: May 10th & 11th, 2024
Learn more: www.codeafrica.xyz
Don't miss out!
👋 Connect with Me
To feature your event or share news in my newsletter, reach out here.
Social Media: Twitter | LinkedIn
🔗 Subscribe to My Youtube Channel here: Glory Praise Emmanuel
📝 Subscribe and Join the Community
If you enjoyed reading this and are not subscribed, click the "Subscribe" button to join our amazing community. Share if you are already a part of this cool community. Let's learn, grow, and thrive together in the Web3 space.
Talk soon,
Glory Praise Emmanuel