BlocksInform
Ethereum developers announced that the public launch testnet of the upgrade to Shanghai might be done in February. The Shanghai upgrade, which was expected to go live on the mainnet in March, was decided to begin testing on the testnet in February, by Ethereum developers at the All-Core Developers Call (ACD) for 2023.
We had our first 2023 @ethereum ACD(E) today ??
Shanghai range covered, eof, (perhaps) sszfying certain el bits, and potentially new eips!
Agenda: https://t.co/8JFMaDCc1l
Recording: https://t.co/Qr9c9O14Nv
Recap below ?? https://t.co/vyfGbaCveM
— timbeiko.eth (@TimBeiko) January 5, 2023
The main purpose of the developers in this update is to enable participants to remove the ETFs they have placed on the ETH 2.0 contract. The remaining code changes that will not be made until next month will be implemented at the next upgrade. Proposals for the improvement of the environment (eips), in particular concerning the eof of evm, will not be the subject of this upgrade. The continuous code test and evm 2.0 will be ready for the next update.
Ethereum co-founder vitalik but Erin says, "it's a lot more difficult to change things in evm than to change other properties. You have apps written in evm code and if the evm changes, those apps can't keep working.”
Proposal to improve Ethereum delayed.
The promoters, who made it a priority for investors to withdraw their FIEs put in play, have delayed other proposals for improvement. In addition to EIP 5988 proposed by StarkWare developer Abdelhamid Bakhta and EIP 5843 proposed by Jared Wasinger, Etan Kissling’s proposal to use the updated and modern serialization format SSZ has also been delayed.
Testnet developer on-going.
Shanghai developer Testnet, who launched Ethereum before Christmas, overtook block 4,000e. Currently all Consensus Layer (cl) and Runlayer (el) client combinations are running on this test.
Staked ETHs to Be Unlocked
ETH tokens staked on the PoS Beacon chain launched in 2020 will become available with the upgrade. This will allow punters to remove their chips with rewards and sell them on the free market. The current value of the staked eth on the eth 2.0 contract is approximately 15 million eth, or close to $20 billion. 13.8% of the chips in circulation are marked on the tag string.
This may result in investors selling their funds as whispers about the upgrade increase, and the price of the funds may be understated as the upgrade day approaches. The Shanghai Upgrade, on the other hand, will be the first major upgrade since The Merge upgrade in September 2022. This demonstrates that the upgrade could also have a positive impact on the price, contrary to what was anticipated.
ETH Staking Pools Are in Trend
Liquid staking protocols, which offer less entry barriers than the minimum requirements offered by Ethereum, gained traction with the news of the Shanghai upgrade. The native lido ldo symbol has experienced a 90% increase in price over the last 14 days, while ankr has increased by 25% and the rocket pool (rpl) by 29%. The ETH liquid staking protocols are expected to correct prices.
