2023-03-14
Shanghai Upgrade will be deployed in April 2023. Ethereum developers
aim to implement Shanghai Upgrade in the first two weeks of April.
Facts about Shanghai Upgrade
-Shanghai upgrade will enable withdrawal of staked ETH.
-It is major upgrade since the Merge that happened in September
2022. Shanghai Upgrade is the next major upgrade that will happen in April
2023.
-The Merge change Ethereum’s working mechanism from Proof-of-Work to
Proof-of-Stake.
Conclusion
The Merge is Ethereum blockchain changed its transaction mechenism from proof-of-work
to proof-of-stake.
Shanghai Upgrade will enable stakers and validators to unstake ETH
from Beacon Chain, schedule to occur in April 2023.
