#Ethereum developers have announced that the date previously set for the #Shapella upgrade has been confirmed.
In the last meeting, developers agreed on April 12th as the date for the #Ethereum mainnet upgrade. After the official consensus was reached following the final checks, it was confirmed that the Shapella upgrade will take place on April 12th.
The Ethereum Foundation, which shared the details of the network upgrade, reported that the Shapella upgrade will take place at the 194,048th network epoch. Given that an epoch consists of 32 blocks, it was calculated that the upgrade process will take place on April 12th at 01:27 (GMT+3).
Initially, the community focused on the Shanghai upgrade in the Ethereum network. Later, another upgrade called Capella was also proposed. Thus, while the upgrade for the consensus layer on April 12th will be Shanghai, the execution layer upgrade will be called Capella.
Looking at the network upgrade process as a whole, the Shapella upgrade will enable the integration of the EIP-4895 improvement proposal into the Ethereum network. The upgrade, which will also optimize the commission amount for certain transactions, will allow for the release of locked #ETH in the network.
After the upgrade date was approved by consensus, it was reported that the $500,000 bug bounty program announced to detect security vulnerabilities in Shapella will continue until April 5th.
While Ethereum investors continue to count down to the biggest network upgrade after Merge, the ETH price continues to move according to market dynamics. In recent days, the $1,730 region has been supported as a key level for Ethereum, and after testing the $1,700 level briefly this week, #ETH has risen to $1,800 with a 5% increase since yesterday.
