Ethereum Shanghai Upgrade: Key Details and Launch Date Revealed
The Ethereum Shanghai upgrade, facilitating phased staking withdrawals, is set to launch on April 12, as announced by the Ethereum protocol support team on March 28. The upgrade, named Shapella, encompasses modifications to the execution layer (Shanghai), consensus layer (Capella), and Engine API.
Following a successful transition on the Goerli testnet, bug bounty rewards for identifying vulnerabilities in Shapella have been doubled until April 5th.
It's happening 🎊
Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 📆
Client releases compatible with the upgrade are listed in the announcement below 👇https://t.co/I0hSv9lnjz
— timbeiko.eth (@TimBeiko) March 28, 2023
The upgrade introduces new functionality to both the execution and consensus layers, allowing validators to withdraw their stake from the Beacon Chain and return it to the execution layer.
The Goerli transition paved the way for the Shapella upgrade’s mainnet activation, scheduled for April 12th. This upgrade follows The Merge and empowers validators to withdraw their stake from the Beacon Chain to the execution layer, introducing new functionality to both layers.
FAQs have been provided for Ethereum users, Ether holders, non-staking node operators, stakers, and application/tooling developers. These cover necessary actions, potential issues for non-participation, and guidance for developers.
Shapella does not introduce breaking changes for smart contracts, but developers are advised to review the upgrade changes. Notably, the SELFDESTRUCT opcode is considered deprecated as of Shanghai.
The upgrade is named “Shapella” as a combination of Shanghai, the location of Devcon 2, and Capella, the brightest star in the northern constellation of Auriga.
For those interested in watching the Shapella go live, EthStaker and Ethereum Cat Herders are hosting a viewing party. Exciting times for Ethereum!
Conclusion:
As Ethereum progresses with its Shapella upgrade, ensuring your crypto mining setup is optimized becomes crucial. Utilize a bitcoin mining calculator to evaluate the efficiency and profitability of your crypto mining rig in Australia. Stay ahead in the dynamic world of cryptocurrency by maximizing the potential of your mining investments with the latest updates and technologies.
