On March 16th, Ethereum core developer Tim Beiko shared an important update on Twitter regarding the long-awaited Shanghai and Capella upgrade on the Ethereum mainnet. According to Beiko, the upgrade is scheduled to take place on April 12th at 10:27:35 PM UTC, which corresponds to epoch 6209536.The news was welcomed by the Ethereum community, as the Shanghai and Capella upgrade promises to bring significant improvements to the network. This upgrade is part of Ethereum's larger roadmap, which aims to transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism.
The upgrade was initially planned for March, but as Beiko noted in his tweet, the date had to be slightly delayed. The announcement of the new date has provided clarity for developers and users alike, allowing them to prepare for the upcoming changes.One significant change that will come with the Shanghai and Capella upgrade is the implementation of staked Ethereum withdrawals. This feature will enable users to withdraw their staked ETH on the Ethereum 2.0 network and convert it into tradable ETH on the Ethereum mainnet. This change is expected to significantly improve liquidity and accessibility for Ethereum stakers.
Overall, the Ethereum community is eagerly anticipating the Shanghai and Capella upgrade and the improvements it will bring to the network. With the new date set in stone, developers and users alike can now look forward to the changes with greater confidence and anticipation.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.