• Ethereum core developers have announced that the much-awaited Shanghai upgrade, also known as Shapella, is scheduled for April 12th.
• Coinbase has released key points for ETH stakers on its platform regarding the upgrade.
• The 6209536 slot which will take off on the 12th of April or around said period, will be set in motion for the upgrade.
Ethereum Core Developers Announce Final Launch Date of Shanghai Upgrade
Ethereum core developers have revealed that the long-awaited Shanghai hardfork, also known as Shapella has been scheduled for April 12th. This upgrade will make it possible for stakers to unstake their locked ETH, making it the first time since December 2020 when Ethereum (ETH) staking was introduced to the market. The 6209536 slot which will take off on the 12th of April or around said period, will be set in motion for Shapella’s release.
Coinbase Details Key Points For ETH Stakers On Its Platform
Coinbase has taken to Twitter to detail what customers should expect after the upgrade. They have assured users that their Coinbase account functionality including deposits, withdrawals and trading won’t be impacted by this update. Once developers confirm a specific date via GitHub, slot 6209536 occurring on or around April 12 will be used for Shapella’s launch and it may slightly delay from their initial target of March this year.
The Significance Of Ethereum’s Transition To PoS
The successful conclusion of Shapella upgrades marks an important milestone in Ethereum’s transition from a Proof-of-work network to a proof-of-stake (PoS) network. This shift towards PoS networks is intended to increase scalability and reduce energy consumption due to its consensus mechanism being more efficient than traditional PoW consensus mechanisms used in blockchains such as Bitcoin (BTC).
What To Expect After The Upgrade?
Once released, users can expect faster transaction speeds and increased scalability while also reducing energy consumption due to its proof-of-stake consensus mechanism being more efficient than traditional PoW consensus mechanisms such as those used by Bitcoin (BTC). Additionally, withShapella’s completion unstaking ETH would become possible once again allowing users who had previously locked up their funds via staking rewards programs access them again while still earning rewards at lower risk levels.
The upcoming release of Shapella is great news for Ethereum community members who have been eagerly awaiting this upgrade since December 2020 when Ethereum (ETH) staking was introduced into the market. The success of this upgrade could potentially mark a significant milestone in blockchain technology as it allows us to move away from traditional Proof-of-Work networks towards more efficient proof-of stake networks that provide faster transaction speeds and increased scalability while using less energy resources overall