Ethereum (ETH) investors are finally on the brink of accessing their staked ETH, thanks to the highly anticipated Shanghai upgrade. After months of anticipation, Ethereum’s core developers have announced the possible date for the upgrade, and it’s closer than you might think.
Ethereum Improvement Proposal (EIP) 4895
Mark your calendars for April 12 at 10:27 a.m. UTC with epoch number 620,9536, because that’s when the crucial Shanghai-Capella upgrade, also known as Shapella, will be launched on the Ethereum main network. And if that doesn’t sound exciting enough, get ready for the best part: the Ethereum Improvement Proposal (EIP) 4895. This proposal will enable validator staking withdrawals on the main network, which is a fancy way of saying that you can finally access your staked ETH.
We have a time!
Ethereum mainnet will upgrade to Shapella at:
Time: 4/12/2023, 10:27:35 PM UTC
Epoch: 6209536Let's go! 🚀
— terence.eth (@terencechain) March 16, 2023
But wait, there’s more! The Shapella upgrade also includes three additional improvements that will optimize gas costs for specific activities. In simpler terms, it means that gas fees on the Ethereum network will be reduced, making it more accessible to investors who might have previously been discouraged by high fees.
Ahead of the withdrawals, the developers of Ethereum have conducted various public testing phases, and ETH withdrawals from their respective validator sets were successfully processed on all three testnets. So, you can rest assured that the Shapella upgrade has been tested and is ready to rock your world.
If you’re wondering what impact the upgrade will have on Ethereum’s price, we’ve got some good news for you. According to projections, the Shapella upgrade will likely have a positive impact on Ethereum’s price, which means it’s time to break open that piggy bank and invest.
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