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How to Spot the 5 Altcoins That Could Dominate DeFi After Ethereum’s Shanghai Upgrade
source ethereum.org
What’s up, everyone? Its Firoz back with another 🔥 article for you. Today, I’m going to talk about one of the most exciting events in crypto history that’s happening soon and how you could make a killing from it.
I’m talking about the Ethereum Shanghai Upgrade.
This is the first major upgrade of Ethereum since it switched from proof-of-work to proof-of-stake last year. It was supposed to happen this month, but it got delayed until April. But trust me, it’s worth the wait.
Why? Because this upgrade will make Ethereum faster, cheaper, and more scalable than ever before. And that means more opportunities for developers, users, and investors like you and me.
But here’s the thing: not all crypto projects will benefit from this upgrade equally. Some will thrive and some will die. That’s why you need to be smart and pick the right ones.
I’ve done my homework and I’ve found 5 crypto altcoins that are perfectly positioned to take advantage of the Ethereum Shanghai Upgrade. These are projects that use LSDs.
Let me explain why this upgrade is so important for LSDs.
You see, when Ethereum switched from proof-of-work to proof-of-stake, it changed the way the network runs. Instead of miners using their computers to process transactions and earn new tokens, validators stake their ETH to secure the network and get rewards.
To become a validator on Ethereum, you need to stake at least 32 ETH. That’s a lot of money for most people. And once you stake your ETH, you can’t touch it until the Shanghai Upgrade happens.
That means validators have been locking up their ETH since December 2020 when the Beacon Chain launched. This was the first step towards proof-of-stake. But they couldn’t withdraw their ETH or their rewards until now.
Now you might think this is bad news for Ethereum. You might think this will cause a lot of validators to sell their ETH and crash the price. But that’s not what I’m here to talk about. I’m here to tell you about something way more exciting and profitable.
I’m here to tell you about LSDs or Liquid Staking Derivatives. There are 5 LSD crypto altcoins that I think will soar after the Ethereum Shanghai Upgrade.
1. LIDO ($LDO)
Listen up, you need to pay attention to LDO right now. It’s the king of liquid staking on Ethereum and it’s crushing it with over $9 billion locked in its protocol. That’s insane!
But you know what’s even more insane? Its market cap is only $2.5 billion. That means LDO is massively undervalued and has a huge opportunity for growth.
If you don’t know what liquid staking is, go read my post where I explain how it works and why it’s the future of Defi.
Lido lets you stake any amount of ETH and earn passive income without locking up your tokens. You can use them for other Defi protocols or trade them anytime.
LDO is the governance token of Lido. It lets you vote on important decisions like fees, node operators, and new features. There are 1 billion LDO tokens and most of them are already circulating.
LDO is up over 300% since January 2023, but that’s nothing compared to what’s coming next. It’s listed on all the major exchanges, so don’t miss this chance to get in before it explodes.
LDO is a no-brainer 😉.
2. Rocket Pool ($RPL)
source rocketpool.net
Second up is Rocket Pool and it’s a game-changer for Ethereum staking.
Rocket Pool is a decentralized platform that lets anyone stake on ETH 2.0 without needing 32 ETH or running their own node. You can stake with as little as 0.01 ETH and join a pool of node operators who do the work for you.
When you stake on Rocket Pool, you get rETH, a liquid token that represents your staked ETH plus rewards. You can use your rETH for anything you want: trade it, lend it, borrow against it, whatever.
Rocket Pool has its own token called RPL and it’s super important. It’s used to incentivize node operators to keep their nodes online and secure. It’s also used for governance, so you can have a say in how Rocket Pool evolves.
Rocket Pool is undervalued right now. It has a market cap of $767 million and $1 billion locked in its protocol. That means RPL has a lot of room to grow.
RPL is available on all major exchanges.
If you want to stake on ETH 2.0 and get liquid tokens in return, Rocket Pool is the way to go.
Don’t miss this chance to get in early on Rocket Pool.
3. Stader ($SD)
Another one to watch. It’s called Stader and it’s a multichain liquid staking platform that works on Ethereum and other blockchains.
Stader is on a mission to bring 1 billion people to staking and DeFi. How? By making staking easy and profitable. You can stake your coins on Stader and get liquid tokens that you can use in other DeFi protocols. You can also earn extra rewards by participating in yield farming strategies.
Stader has its own token called SD and it’s a must-have for any crypto investor. SD is used for governance and value accrual on the Stader protocol. It’s also up 400% since January 2023.
Stader has a low market cap of $12 million and a high TVL of $117 million. That means SD is very undervalued right now.
But be careful, because only 7% of 150 million tokens are in circulation right now. The rest will be released over time.
$SD is listed on major exchagnes already.
If you want to stake your coins on multiple blockchains and get liquid tokens in return, Stader is the platform for you.
Don’t wait too long to get some SD. Stader is going to be huge
4. Frax Share ($FXS)
I’ve got another amazing token, it’s called Frax Share (FXS) and it’s the utility token of the Frax Protocol.
Frax Protocol is the world’s first fractional stablecoin. That means its token FRAX is not fully backed by collateral like USDC or DAI. It’s partially backed by collateral and partially stabilized by algorithms.
That makes FRAX more scalable and more decentralized than other stablecoins.
But we’re not here to talk about FRAX. We’re here to talk about FXS.
FXS is the non-stable, utility token of the Frax Protocol. It’s an ERC-20 token that has many uses.
You can use FXS for governance and vote on how the protocol works.
You can use FXS for minting and redeeming FRAX.
You can use FXS for staking and earning rewards from fees and seigniorage.
You can also use FXS for providing liquidity incentives and getting more tokens from pools and farms.
FXS has a $766 million market cap with an uncapped supply. But it also has over $1 billion worth of assets locked in its protocol. That means FXS is undervalued right now.
FXS is available on all major exchanges.
If you want to get exposure to the world’s first fractional stablecoin and earn passive income from staking and liquidity mining, FXS is the token for you.
Don’t miss this opportunity to get some FXS today
5. Bifrost ($BNC)
My last killer token in this article. It’s called Bifrost and it’s a web3 derivatives protocol that gives you liquidity for your staked assets.
Bifrost is a Polkadot-based protocol that lets you deposit your staking tokens and mint vTokens in return. vTokens are liquid tokens that represent your staked assets plus rewards.
You can use your vTokens for anything you want: trade them, lend them, borrow against them, whatever.
Bifrost has its own token called BNC and it’s a hidden gem. BNC is used for governance and value accrual on the Bifrost protocol. It’s also used for paying fees and receiving incentives.
BNC has a $7 million market cap and $41 million locked in its protocol. That means BNC is very undervalued right now.
But be careful, because only 25% of 80 million tokens are in circulation right now. The rest will be released over time.
BNC is listed on many well known exchanges.
If you want to get liquidity for your staked assets and access cross-chain opportunities on Polkadot, Bifrost is the protocol for you.
Don’t wait too long to get some BNC. Bifrost has potential.
Wrap it up!
Liquid staking is the future of DeFi. It lets you stake tokens and use them in other DeFi apps at the same time. You don’t have to lock up your tokens and lose liquidity. You can have your cake and eat it too.
Staking ETH used to be hard and risky. You needed a lot of money, skills, and hardware. You also didn’t know when you could get your tokens and rewards back.
But that’s about to change with the Ethereum Shanghai Upgrade. It will make unstaking ETH and accessing rewards possible. It will also boost the confidence in Ethereum and make it more secure and scalable.
This is great news for LSD protocols. They offer the most flexible and profitable solutions for staking ETH. They will explode in popularity when the Shanghai Upgrade happens.
In this article, we showed you 5 tokens that are ready to moon from the LSD hype. They have low market cap/TVL ratios, which means they are undervalued right now.
But don’t wait too long, because the Shanghai Upgrade is coming soon in early April. And if Bitcoin starts pumping again, these tokens will go to the moon.
Don’t miss this chance to get in on liquid staking before it’s too late.
#Ethereum #shanghaiupgrade #liquidstaking #crypto2023 #buildtogether
What’s up, everyone? Its Firoz back with another 🔥 article for you. Today, I’m going to talk about one of the most exciting events in crypto history that’s happening soon and how you could make a killing from it.
I’m talking about the Ethereum Shanghai Upgrade.
This is the first major upgrade of Ethereum since it switched from proof-of-work to proof-of-stake last year. It was supposed to happen this month, but it got delayed until April. But trust me, it’s worth the wait.
Why? Because this upgrade will make Ethereum faster, cheaper, and more scalable than ever before. And that means more opportunities for developers, users, and investors like you and me.
But here’s the thing: not all crypto projects will benefit from this upgrade equally. Some will thrive and some will die. That’s why you need to be smart and pick the right ones.
I’ve done my homework and I’ve found 5 crypto altcoins that are perfectly positioned to take advantage of the Ethereum Shanghai Upgrade. These are projects that use LSDs.
Let me explain why this upgrade is so important for LSDs.
You see, when Ethereum switched from proof-of-work to proof-of-stake, it changed the way the network runs. Instead of miners using their computers to process transactions and earn new tokens, validators stake their ETH to secure the network and get rewards.
To become a validator on Ethereum, you need to stake at least 32 ETH. That’s a lot of money for most people. And once you stake your ETH, you can’t touch it until the Shanghai Upgrade happens.
That means validators have been locking up their ETH since December 2020 when the Beacon Chain launched. This was the first step towards proof-of-stake. But they couldn’t withdraw their ETH or their rewards until now.
Now you might think this is bad news for Ethereum. You might think this will cause a lot of validators to sell their ETH and crash the price. But that’s not what I’m here to talk about. I’m here to tell you about something way more exciting and profitable.
I’m here to tell you about LSDs or Liquid Staking Derivatives. There are 5 LSD crypto altcoins that I think will soar after the Ethereum Shanghai Upgrade.
1. LIDO ($LDO)
Listen up, you need to pay attention to LDO right now. It’s the king of liquid staking on Ethereum and it’s crushing it with over $9 billion locked in its protocol. That’s insane!
But you know what’s even more insane? Its market cap is only $2.5 billion. That means LDO is massively undervalued and has a huge opportunity for growth.
If you don’t know what liquid staking is, go read my post where I explain how it works and why it’s the future of Defi.
Lido lets you stake any amount of ETH and earn passive income without locking up your tokens. You can use them for other Defi protocols or trade them anytime.
LDO is the governance token of Lido. It lets you vote on important decisions like fees, node operators, and new features. There are 1 billion LDO tokens and most of them are already circulating.
LDO is up over 300% since January 2023, but that’s nothing compared to what’s coming next. It’s listed on all the major exchanges, so don’t miss this chance to get in before it explodes.
LDO is a no-brainer 😉.
2. Rocket Pool ($RPL)
source rocketpool.net
Second up is Rocket Pool and it’s a game-changer for Ethereum staking.
Rocket Pool is a decentralized platform that lets anyone stake on ETH 2.0 without needing 32 ETH or running their own node. You can stake with as little as 0.01 ETH and join a pool of node operators who do the work for you.
When you stake on Rocket Pool, you get rETH, a liquid token that represents your staked ETH plus rewards. You can use your rETH for anything you want: trade it, lend it, borrow against it, whatever.
Rocket Pool has its own token called RPL and it’s super important. It’s used to incentivize node operators to keep their nodes online and secure. It’s also used for governance, so you can have a say in how Rocket Pool evolves.
Rocket Pool is undervalued right now. It has a market cap of $767 million and $1 billion locked in its protocol. That means RPL has a lot of room to grow.
RPL is available on all major exchanges.
If you want to stake on ETH 2.0 and get liquid tokens in return, Rocket Pool is the way to go.
Don’t miss this chance to get in early on Rocket Pool.
3. Stader ($SD)
Another one to watch. It’s called Stader and it’s a multichain liquid staking platform that works on Ethereum and other blockchains.
Stader is on a mission to bring 1 billion people to staking and DeFi. How? By making staking easy and profitable. You can stake your coins on Stader and get liquid tokens that you can use in other DeFi protocols. You can also earn extra rewards by participating in yield farming strategies.
Stader has its own token called SD and it’s a must-have for any crypto investor. SD is used for governance and value accrual on the Stader protocol. It’s also up 400% since January 2023.
Stader has a low market cap of $12 million and a high TVL of $117 million. That means SD is very undervalued right now.
But be careful, because only 7% of 150 million tokens are in circulation right now. The rest will be released over time.
$SD is listed on major exchagnes already.
If you want to stake your coins on multiple blockchains and get liquid tokens in return, Stader is the platform for you.
Don’t wait too long to get some SD. Stader is going to be huge
4. Frax Share ($FXS)
I’ve got another amazing token, it’s called Frax Share (FXS) and it’s the utility token of the Frax Protocol.
Frax Protocol is the world’s first fractional stablecoin. That means its token FRAX is not fully backed by collateral like USDC or DAI. It’s partially backed by collateral and partially stabilized by algorithms.
That makes FRAX more scalable and more decentralized than other stablecoins.
But we’re not here to talk about FRAX. We’re here to talk about FXS.
FXS is the non-stable, utility token of the Frax Protocol. It’s an ERC-20 token that has many uses.
You can use FXS for governance and vote on how the protocol works.
You can use FXS for minting and redeeming FRAX.
You can use FXS for staking and earning rewards from fees and seigniorage.
You can also use FXS for providing liquidity incentives and getting more tokens from pools and farms.
FXS has a $766 million market cap with an uncapped supply. But it also has over $1 billion worth of assets locked in its protocol. That means FXS is undervalued right now.
FXS is available on all major exchanges.
If you want to get exposure to the world’s first fractional stablecoin and earn passive income from staking and liquidity mining, FXS is the token for you.
Don’t miss this opportunity to get some FXS today
5. Bifrost ($BNC)
My last killer token in this article. It’s called Bifrost and it’s a web3 derivatives protocol that gives you liquidity for your staked assets.
Bifrost is a Polkadot-based protocol that lets you deposit your staking tokens and mint vTokens in return. vTokens are liquid tokens that represent your staked assets plus rewards.
You can use your vTokens for anything you want: trade them, lend them, borrow against them, whatever.
Bifrost has its own token called BNC and it’s a hidden gem. BNC is used for governance and value accrual on the Bifrost protocol. It’s also used for paying fees and receiving incentives.
BNC has a $7 million market cap and $41 million locked in its protocol. That means BNC is very undervalued right now.
But be careful, because only 25% of 80 million tokens are in circulation right now. The rest will be released over time.
BNC is listed on many well known exchanges.
If you want to get liquidity for your staked assets and access cross-chain opportunities on Polkadot, Bifrost is the protocol for you.
Don’t wait too long to get some BNC. Bifrost has potential.
Wrap it up!
Liquid staking is the future of DeFi. It lets you stake tokens and use them in other DeFi apps at the same time. You don’t have to lock up your tokens and lose liquidity. You can have your cake and eat it too.
Staking ETH used to be hard and risky. You needed a lot of money, skills, and hardware. You also didn’t know when you could get your tokens and rewards back.
But that’s about to change with the Ethereum Shanghai Upgrade. It will make unstaking ETH and accessing rewards possible. It will also boost the confidence in Ethereum and make it more secure and scalable.
This is great news for LSD protocols. They offer the most flexible and profitable solutions for staking ETH. They will explode in popularity when the Shanghai Upgrade happens.
In this article, we showed you 5 tokens that are ready to moon from the LSD hype. They have low market cap/TVL ratios, which means they are undervalued right now.
But don’t wait too long, because the Shanghai Upgrade is coming soon in early April. And if Bitcoin starts pumping again, these tokens will go to the moon.
Don’t miss this chance to get in on liquid staking before it’s too late.
#Ethereum #shanghaiupgrade #liquidstaking #crypto2023 #buildtogether
Two key upgrades Shanghai and Capella are going to be activated on April 12.
Ethereum validators now know when they'll be able to withdraw their ETH.
#shanghaiupgrade #BTC #BNB #ETH
Ethereum validators now know when they'll be able to withdraw their ETH.
#shanghaiupgrade #BTC #BNB #ETH
Everyone is discussing the upgrade of Shanghai, but I am actually watching the upgrade of Cancun. What is the investment? is expected. If you don't understand this, you haven't started
#ETH #shanghaiupgrade
#ETH #shanghaiupgrade
Ethereum's Shanghai upgrade could bring $2.4 billion selling pressure to ETH
◾️The 1 million instantly withdrawable ether becomes a point of concern for the market.
#ETH #shanghaiupgrade #Cryptomarketupdates #BTC #BNB
◾️The 1 million instantly withdrawable ether becomes a point of concern for the market.
#ETH #shanghaiupgrade #Cryptomarketupdates #BTC #BNB
#BTC and #ETH momentum starting to wane, is there a date set for #shanghaiupgrade yet?
#buildtogether
#buildtogether
#Binance will support ETH redemptions on the ETH 2.0 Staking page within one week after Ethereum Shanghai upgrade. Users will be able to redeem $BETH to $ETH on a 1:1 basis at Binance's $ETH staking page.
#dyor #shanghaiupgrade #Ethereum
#dyor #shanghaiupgrade #Ethereum
Shapella: Ethereum's game-changing upgrade arrives on mainnet April 12th
Ethereum's highly-anticipated upgrade, Shapella, is set to revolutionize the blockchain industry with its launch on the mainnet on April 12th. This upgrade is a major step towards enabling validator staking withdrawals on the Ethereum main network, which was not introduced during the blockchain's transition to a proof-of-stake consensus last September.
Shapella is expected to introduce Ethereum Improvement Proposal (EIP) 4895, a critical feature that will enable validator staking withdrawals on the Ethereum main network. Additionally, three other improvements have been planned to optimize gas costs for certain activities with this upgrade.
The Ethereum core developers have confirmed that Shapella will be launched on the mainnet on April 12th at 10:27 a.m. UTC, with epoch number 620,9536. This highly-anticipated upgrade has been tested on three different testnets, including Sepolia, Zhejiang, and Goerli, with successful ETH withdrawals processed from their respective validator sets.
The Shapella upgrade is expected to have a significant impact on the blockchain industry, making Ethereum more secure, efficient, and scalable. This upgrade will enable more users to participate in the Ethereum ecosystem and contribute to its growth and development.
As the blockchain industry continues to evolve, Ethereum's Shapella upgrade is a major step towards the blockchain's continued success. With its upcoming launch on the mainnet, the blockchain community eagerly anticipates the benefits that Shapella will bring to the Ethereum ecosystem.
In conclusion, the Shapella upgrade is a game-changing development that will enable validator staking withdrawals on the Ethereum main network, optimize gas costs for certain activities, and make Ethereum more secure, efficient, and scalable. The blockchain community eagerly anticipates its launch on April 12th and the benefits it will bring to the Ethereum ecosystem.
Please Like and Follow For more Quality Updates:-
Thank you.
#cryptocurrency #Ethereum #ETHUSDT #ETH #shanghaiupgrade
Shapella is expected to introduce Ethereum Improvement Proposal (EIP) 4895, a critical feature that will enable validator staking withdrawals on the Ethereum main network. Additionally, three other improvements have been planned to optimize gas costs for certain activities with this upgrade.
The Ethereum core developers have confirmed that Shapella will be launched on the mainnet on April 12th at 10:27 a.m. UTC, with epoch number 620,9536. This highly-anticipated upgrade has been tested on three different testnets, including Sepolia, Zhejiang, and Goerli, with successful ETH withdrawals processed from their respective validator sets.
The Shapella upgrade is expected to have a significant impact on the blockchain industry, making Ethereum more secure, efficient, and scalable. This upgrade will enable more users to participate in the Ethereum ecosystem and contribute to its growth and development.
As the blockchain industry continues to evolve, Ethereum's Shapella upgrade is a major step towards the blockchain's continued success. With its upcoming launch on the mainnet, the blockchain community eagerly anticipates the benefits that Shapella will bring to the Ethereum ecosystem.
In conclusion, the Shapella upgrade is a game-changing development that will enable validator staking withdrawals on the Ethereum main network, optimize gas costs for certain activities, and make Ethereum more secure, efficient, and scalable. The blockchain community eagerly anticipates its launch on April 12th and the benefits it will bring to the Ethereum ecosystem.
Please Like and Follow For more Quality Updates:-
Thank you.
#cryptocurrency #Ethereum #ETHUSDT #ETH #shanghaiupgrade
Ethereum Developers Successfully Test Shanghai Hard Fork On Goerli Testnet
The final test for the Shanghai hard fork on the Goerli testnet has gone smoothly, promising to bring the ability to withdraw ETH staking to the Ethereum mainnet in mid-April.
On March 15th, Ethereum developers announced that they have successfully implemented the Shanghai hard fork on the Goerli testnet, testing the ability to withdraw ETH staking. This opens up the possibility of Shanghai being officially released on the Ethereum mainnet in mid-April.
However, the percentage of validators participating in the Goerli test was only 29%, causing the verification time for the upgrade to take longer than expected. Developer Ben Edgington commented that the reason for the low validator participation rate was that they were not prepared enough for the node for the fork.
As reported by AZCoin News, the Shanghai upgrade, also known as Shapella, is the next important Ethereum network-wide hard fork after The Merge in September 2022. Shanghai will bring a significant adjustment to the world’s second-largest cryptocurrency network by unlocking over 17.5 million ETH currently locked in staking contracts. Shanghai has previously been successfully tested on its own testnet and the Sepolia testnet. In early March, the Ethereum development team expected the hard fork to unlock ETH staking to be present on the Ethereum mainnet in mid-April, but they have not announced a specific timeline.
Currently, the Ethereum network has burned more than 3 million ETH (3,001,033) since EIP-1559, worth more than 9.09 billion U.S. dollars. Ethereum’s supply has decreased by 64,288 ETH since the merge, and the current annualized deflation rate is 0.42%. This decrease in supply, coupled with the promising upgrades and successful tests, has boosted the price of ETH to its highest level since The Merge on March 14th, thanks to the strong cryptocurrency market recovery after last week’s bad news.
The successful test of the Shanghai hard fork on the Goerli testnet is an important step towards unlocking the millions of ETH currently locked in staking contracts on the Ethereum network. The upgrade promises to bring significant changes to the network, and its successful implementation on the mainnet in mid-April could further boost the price of ETH.
This article was republished from azcoinnews.com
#ETH #Ethereum #shanghaiupgrade #goerli #ethereumshanghaiupgrade
On March 15th, Ethereum developers announced that they have successfully implemented the Shanghai hard fork on the Goerli testnet, testing the ability to withdraw ETH staking. This opens up the possibility of Shanghai being officially released on the Ethereum mainnet in mid-April.
However, the percentage of validators participating in the Goerli test was only 29%, causing the verification time for the upgrade to take longer than expected. Developer Ben Edgington commented that the reason for the low validator participation rate was that they were not prepared enough for the node for the fork.
As reported by AZCoin News, the Shanghai upgrade, also known as Shapella, is the next important Ethereum network-wide hard fork after The Merge in September 2022. Shanghai will bring a significant adjustment to the world’s second-largest cryptocurrency network by unlocking over 17.5 million ETH currently locked in staking contracts. Shanghai has previously been successfully tested on its own testnet and the Sepolia testnet. In early March, the Ethereum development team expected the hard fork to unlock ETH staking to be present on the Ethereum mainnet in mid-April, but they have not announced a specific timeline.
Currently, the Ethereum network has burned more than 3 million ETH (3,001,033) since EIP-1559, worth more than 9.09 billion U.S. dollars. Ethereum’s supply has decreased by 64,288 ETH since the merge, and the current annualized deflation rate is 0.42%. This decrease in supply, coupled with the promising upgrades and successful tests, has boosted the price of ETH to its highest level since The Merge on March 14th, thanks to the strong cryptocurrency market recovery after last week’s bad news.
The successful test of the Shanghai hard fork on the Goerli testnet is an important step towards unlocking the millions of ETH currently locked in staking contracts on the Ethereum network. The upgrade promises to bring significant changes to the network, and its successful implementation on the mainnet in mid-April could further boost the price of ETH.
This article was republished from azcoinnews.com
#ETH #Ethereum #shanghaiupgrade #goerli #ethereumshanghaiupgrade
It is recommended that you stay put for a week before and after the upgrade of ETH Shanghai, or use longvega options for options #options #ETH #shanghaiupgrade
Ethereum’s Shanghai/Capella Update Scheduled To Activate On April 12, 2023
The Ethereum developers held their 105th All Core Developers Consensus (ACDC) call on March 23, 2023, to discuss and coordinate changes to the consensus layer of Ethereum.
During the call, representatives from Ethereum client teams updated the status of their final releases for the upcoming Shanghai/Capella upgrade, which is scheduled to activate on April 12, 2023, at 6:27 PM (ET). All node operators on Ethereum are encouraged to upgrade their nodes in advance of the upgrade.
Prysm, Teku, Lodestar, and Lighthouse clients will have their final releases ready early next week, while Nimbus and Geth clients have already published their final releases. Once all final client releases for the Shanghai/Capella upgrade are published, Ethereum Foundation researcher Alex Stokes will compile them into a blog post on the Ethereum Foundation website.
Paritosh Jayanthi, a DevOps Engineer for the Ethereum Foundation, said that once the final client releases are out, developers will launch one final mainnet shadow fork to test these releases. In addition, the maximum bug bounty for identifying a vulnerability in the Shanghai/Capella upgrade has been doubled from $250,000 to $500,000 between now and the time of the fork.
On the call, developers also discussed the Deneb upgrade, which introduces a new transaction type called “blobs” through Ethereum Improvement Proposal (EIP) 4844, also known as proto-danksharding. Developers discussed decoupling blob transactions from blocks to improve network performance, and this week, they discussed an additional optimization that can be made due to the decoupled design of blobs from blocks.
Gajinder Singh, a developer for the Lodestar (CL) client, explained that due to the decoupling, the execution layer (EL) of Ethereum can now pass along proofs about blobs to the consensus layer (CL) that the CL can easily validate. Marius van der Wijden, a developer for the Geth (EL) client, mentioned that test executions for Deneb and EIP 4844 take a couple of seconds to start up and initialize the appropriate libraries. Van der Wijden recommended that developers work on optimizations to reduce these initialization costs so that tests on the code can be performed more efficiently.
Etan Kissling, a developer of the Ethereum Nimbus (CL) client team, gave a shout-out for ongoing efforts around SSZ formatting, which refers to updating the serialization scheme used by Ethereum’s EL so that it is consistent with the scheme used by Ethereum’s CL. However, Beiko explained that these efforts would be put on hold until a decision is made by the larger Ethereum core developer group.
#Ethereum #ETH #shanghaiupgrade #azcoinnews #azcoin
This article was republished from azcoinnews.com
During the call, representatives from Ethereum client teams updated the status of their final releases for the upcoming Shanghai/Capella upgrade, which is scheduled to activate on April 12, 2023, at 6:27 PM (ET). All node operators on Ethereum are encouraged to upgrade their nodes in advance of the upgrade.
Prysm, Teku, Lodestar, and Lighthouse clients will have their final releases ready early next week, while Nimbus and Geth clients have already published their final releases. Once all final client releases for the Shanghai/Capella upgrade are published, Ethereum Foundation researcher Alex Stokes will compile them into a blog post on the Ethereum Foundation website.
Paritosh Jayanthi, a DevOps Engineer for the Ethereum Foundation, said that once the final client releases are out, developers will launch one final mainnet shadow fork to test these releases. In addition, the maximum bug bounty for identifying a vulnerability in the Shanghai/Capella upgrade has been doubled from $250,000 to $500,000 between now and the time of the fork.
On the call, developers also discussed the Deneb upgrade, which introduces a new transaction type called “blobs” through Ethereum Improvement Proposal (EIP) 4844, also known as proto-danksharding. Developers discussed decoupling blob transactions from blocks to improve network performance, and this week, they discussed an additional optimization that can be made due to the decoupled design of blobs from blocks.
Gajinder Singh, a developer for the Lodestar (CL) client, explained that due to the decoupling, the execution layer (EL) of Ethereum can now pass along proofs about blobs to the consensus layer (CL) that the CL can easily validate. Marius van der Wijden, a developer for the Geth (EL) client, mentioned that test executions for Deneb and EIP 4844 take a couple of seconds to start up and initialize the appropriate libraries. Van der Wijden recommended that developers work on optimizations to reduce these initialization costs so that tests on the code can be performed more efficiently.
Etan Kissling, a developer of the Ethereum Nimbus (CL) client team, gave a shout-out for ongoing efforts around SSZ formatting, which refers to updating the serialization scheme used by Ethereum’s EL so that it is consistent with the scheme used by Ethereum’s CL. However, Beiko explained that these efforts would be put on hold until a decision is made by the larger Ethereum core developer group.
#Ethereum #ETH #shanghaiupgrade #azcoinnews #azcoin
This article was republished from azcoinnews.com
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17%
389 ψήφοι • Η ψηφοφορία ολοκληρώθηκε
#shanghaiupgrade took #ETH to the 2K mark support level and it’s not even out yet, imagine when it’s gonna be released 👀
What do you think of the ETH Shanghai upgrade price trend this week? #ETH #shanghaiupgrade
❤️Follow me,focus on options & defi💛
❤️Follow me,focus on options & defi💛
Neutral bearish
38%
Grow rapidly
31%
Sharp drop
31%
186 ψήφοι • Η ψηφοφορία ολοκληρώθηκε
Today is a warning date for new traders
Lose your portfolio is better than not taking trades if you are a new trader
12 Apr: #Ethereum Shanghai Upgrade already started
12 Apr: #FOMC meeting
12 Apr: #CPI
12 Apr: #PPI
#cpi #shapella #fomc #shanghaiupgrade #ETH
Lose your portfolio is better than not taking trades if you are a new trader
12 Apr: #Ethereum Shanghai Upgrade already started
12 Apr: #FOMC meeting
12 Apr: #CPI
12 Apr: #PPI
#cpi #shapella #fomc #shanghaiupgrade #ETH
Ethereum Shanghai Upgrade will Bullish or Bearish
Depends upon Holders whether they sell or hold till Halving of Bitcoin. Next year Bitcoin Halving will reason for bull market. Ethereum Shanghai Upgrade effects tomorrow's performance. Let's see what happened next.
What do you think about this?
Must Comment....
#shanghaiupgrade #ETH #Ethereum #crypto2023
What do you think about this?
Must Comment....
#shanghaiupgrade #ETH #Ethereum #crypto2023
Ethereum Shanghai hard fork: ETH price set for more gains versus Bitcoin in April
Ethereum price has gained momentum in April, even against Bitcoin, as the much-anticipated Shanghai hard fork is just days away.
#Binance #Ethereum #shanghaiupgrade
Ethereum price has gained momentum in April, even against Bitcoin, as the much-anticipated Shanghai hard fork is just days away.
#Binance #Ethereum #shanghaiupgrade
