Ethereum core developers push Shanghai upgrade to early April

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The long-awaited Shanghai upgrade is now expected to happen sometime in early April if the upcoming trial on the Goerli testnet goes well.

During the meeting, core developers came to the consensus that the hard fork would occur about a fortnight after the Goerli testnet launch, which has been slated for Mar. 14. The Goerli testnet will be the final dress rehearsal for the Shanghai hard fork before it is rolled out on the mainnet.

Beiko noted in a Twitter thread on Mar. 2 that they did not agree to a mainnet date explicitly, but they will"probably" set a date during the next developers meeting on Mar. 16,"assuming things go well on Goerli." We didn't agree to a mainnet date explicitly, but assuming things go well on Goerli, we'd probably set a date on the next ACDE .The Shanghai Capella upgrade to Goerli will be the last chance for Ethereum clients and staking providers to ensure the Shanghai hard fork can go through smoothly when it launches on the mainnet.will allow the phased withdrawal of Ethereum staked from the Beacon Chain.

To maintain network stability and security, ETH withdrawals will be dynamic and dependent on how many validators there are exiting at the time. Validators must undergo a two-stage process involving an exit queue and a withdrawal period so it will happen gradually over time.on the Beacon Chain representing just over 14% of the entire supply. At current asset prices, it is valued at around $28 billion.

 

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