The Ethereum network has switched from proof-of-work mining to proof-of-stake mining after much anticipation. The changeover was successfully completed on September 15, 2022.
One of the most anxiously anticipated Ethereum releases was the Shanghai, which was planned to launch by the end of March. However, it dragged on for numerous reasons. According to the latest details, there is now an official date for the much-awaited Shanghai hard fork. The official date was discussed during the All Core Developers Execution Layer #157 call.
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Ethereum Shanghai hard fork to go live on April 12
The Ethereum Shanghai hard fork, which will allow users to withdraw staked ETH as validators, is a highly anticipated event. Perhaps the upgrade will also have an effect on ETH market demand.
Once the developers vote for the date and confirm it via GitHub, epoch 620,9536 will be confirmed. This pushes away the launch from the earlier anticipated March. Prior to the main launch, developers conducted numerous tests to ensure that the network was running smoothly and to resolve any bugs.
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