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Ethereum Shanghai Hard Fork Goes Live on Mainnet on April 12

by Source in article
March 17, 2023
in Market
0
Ethereum Successfully Deploys Its First Mainnet Shadow Fork Ahead of Shanghai Upgrade

The core developers of Ethereum are aiming for April 12 for the Shanghai hard fork mainnet launch following the recent Goerli testnet launch.

The Ethereum developer Tim Beiko announced the launch date for the Shanghai hard fork (also known as Shapella) in a live stream of Execution Layer Meeting 156. The team aims to get Shanghai on the mainnet on epoch 620,9536 after it passes the developers voting on GitHub.

Shanghai Had a Bumpy Hard Fork on Testnet

On Wednesday, the Goerli testnet was hard forked but received low developers’ participation. Beiko wrote on Twitter, “given the ETH is worthless, there’s less incentive to run a validator/monitor it.”

He believes the mainnet launch to go smoothly, unlike the Goerli testnet. He explains that the testnet nodes “are more likely being run with less resources than mainnet ones.”

Some users are frustrated with various delays in the upgrade.

When am I — a regular person who trusted the ethereum devs almost 2 years ago to allow me to withdraw my staked eth within a year — going to be able to unstake? I have no confidence that it will ever happen. This is f**ked up

— Anon123 (@Anon12367019358) March 15, 2023

Finally, the Shanghai hard fork will bring relief to the users as they can unlock the staked Ethereum (ETH) from the Beacon Chain. It is one of the biggest upgrades after the last year’s Merge, which transitioned Ethereum from proof-of-work to a proof-of-stake consensus mechanism.

The upgrade will unlock over 16 million ETH, which makes up 14% of the current supply.

Got something to say about Shanghai hard fork or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Disclaimer

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.



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