The #Shanghai upgrade timing has been confirmed by the #Ethereum Foundation team. The #Shapella hard fork will take place on April 12, 2023, at 22:27:35 UTC, at epoch 194048, based on the blog post. An epoch in Ethereum is a grouping of 32 network blocks.
The timing for the upgrade implementation to enable #ETH staking withdrawal was previously confirmed by Ethereum engineer Tim Beiko on March 14, when Shanghai was successfully tested on the most recent testnet, Goerli.
The majority of the crypto world formerly referred to this release as Shanghai. However, this renaming is intended to properly state the reason for each Ethereum network change. The Execution Layer and the Consensus Layer are the two sections of the Ethereum protocol.
The timing for the upgrade implementation to enable ETH staking withdrawal was previously confirmed by Ethereum engineer Tim Beiko on March 14, when Shanghai was successfully tested on the most recent testnet, Goerli.
The majority of the crypto world formerly referred to this release as Shanghai. However, this renaming is intended to properly state the reason for each Ethereum network change. The Execution Layer and the Consensus Layer are the two sections of the Ethereum protocol.
Prior to that, in August 2021, London implemented EIP-1559, which substituted a flat fee for the prior pricing auction process. The basic fee is burned, resulting in ETH's gradual depreciation even though validators still receive a block reward and tip.
This news is republished from https://coinaquarium.io/
