The Ethereum Cancun upgrade, scheduled for Q1 2024, is poised to elevate the scalability, security, and efficiency of the Ethereum network. Also recognized as the “Cancun-Deneb” upgrade, it emerges as a concerted effort by Ethereum to fortify its infrastructure, addressing unresolved issues following the Shanghai upgrade. Framed upon five Ethereum Improvement Proposals (EIPs) – EIP-4844,…