Ethereum core developers set April 12 for Shanghai hard fork

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The upgrade will enable staked ETH withdrawals. Ethereum PoS smart contract has attracted over 17.6 million ETH.

The transition to PoS officially started on Sep. 15, 2022 with, in a significant milestone for the Ethereum network by replacing miners for validators, and introducing ETH staking as a key component for the network. Ethereum’s roadmap has several updates coming after Shanghai, known as the “Surge,” “Verge,” “Purge” and “Splurge.”

The switch for a PoS consensus could have regulatory implications for ETH and the crypto space. Last September, United States Securities and Exchange Commission Chairman Gary Gensler suggested that the blockchain’s transition might have brought ETH

 

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Is there going to be a run on Ethereum as everyone tried to get their money out?

The target date for the highly anticipated Shanghai hard fork on Ethereum has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer 157 call on March 16.

Wow, it looks like 17.6 million ETH just couldn't wait to get out! 🤣

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