Shanghai is now on Ethereum?
The long-awaited Ethereum upgrade! The next upgrade to the Ethereum network is "Shanghai", which is expected around mid-March.
In September 2022, the Ethereum blockchain underwent an upgrade called "Merge", which changed the consensus mechanism in the chain to Proof-of-Stake (PoS). ETH holders had to stake at least 32 ETH in order to participate in staking and receive a return on their bets, which currently stands at just over 5%. However, this change to the network implied a temporary blocking of funds.
The Ethereum "Shanghai" upgrade allows users to withdraw their Ethereum bets. As a result, the Ethereum community is looking forward to unlocking its ETH tokens after the upgrade.
Five Ethereum Improvement Proposals (EIPs) are expected to be released as part of this upgrade.
