Ethereum network switched from proof-of-work consensus to proof-of-stake mining after high expectations. The transition was successfully completed on September 15, 2022.
One of the highly anticipated Ethereum releases was Shanghai, which was scheduled for release at the end of March. However, there are delays for a number of reasons. According to the latest details, an official date has now been announced for the much anticipated Shanghai hard fork. The official date was discussed during the All Core Developers Execution Layer #157 call.
Ethereum Shanghai Hard Fork on April 12
Ethereum, which will allow users to withdraw their staked ETH as validators Shanghai hard forkIt’s a highly anticipated event. It is possible that the upgrade will also have an impact on the ETH market demand.
As Koinfinans.com reported, after the developers vote for the date and approve it on GitHub, 620,9536 epochs will be approved. This puts the launch away from the previously predicted March. Prior to the main launch, the developers ran numerous tests to ensure the network was running smoothly and to fix bugs.