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REGULATION
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2 years ago

Ethereum Developers Will Implement Shanghai Upgrade On April 12

2023-03-18

REGULATION
by
2 years ago


The Shanghai hard fork on Ethereum has been set by Ethereum developers on April 12. The Shanghai mainnet upgrade will include five improvements, including EIP-4985 which will allow Ethers (ETH) that have been staked on the Beacon Chain to be withdrawn and complete the transition from Proof-of-Work to Proof-of-Stake.

 


According to Etherscan, more than 17.69 million ETH have been staked on the Ethereum PoS smart contract. The Shanghai Upgrade can cause short-term selling pressure.

 

Ethereum Proof-of-Stake Smart Contract

Address: 0x00000000219ab540356cBB839Cbe05303d7705Fa

ETH Balance: 17,696,663.139280631621301325 ETH (As of March 17, 2023)

ETH Value: $30,213,336,011.06 (@ $1,707.29/ETH)

 

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