Ethereum Shanghai hard fork pushed to mid-April

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Ethereum Shanghai hard fork pushed to mid-April Ethereum Ether ETH

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The Shanghai Capella upgrade on Goerli, also known as Shapella, will serve as the dress rehearsal for the Shanghai launch on mainnet, so the developers wanted to ensure that they had enough time to make sure the upgrade was functioning smoothly in order to avoid any issues with the mainnet launch. Once the Shanghai hard fork is incorporated into the mainnet, a phased withdrawal of Ether staked on the Beacon Chain will begin.

Some in the crypto ecosystem have voiced concerns about the effect that the ability to withdraw staked tokens will have on the price of Ether, suggesting that it has the potential to lead to a price dump as some investors who have had their tokens locked up for more than two years may sell them on the open market en masse.

 

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