Ethereum developers confirm the release of the Shanghai upgrade in March

After this news, token rates of staking platforms Lido Finance, Ankr, and Rocket Pool rose

09.01.2023 - 15:20

497

1 min

What’s new? On January 5, Ethereum blockchain developers met for their first meeting of 2023, during which they confirmed plans to roll out the Shanghai upgrade to the testnet in February and to the mainnet in March. The hard fork will allow users to unstake ETH. According to cryptocurrency tracker Dune, about 15,95 million coins, or 13,24% of the total token supply, are locked in special wallets. The developers also agreed to remove code changes related to the implementation of the EVM Object Format (EOF) from the Shanghai upgrade.

What else did the developers announce? They also agreed to reject any additional Ethereum Improvement Proposal (EIP) from Shanghai. Such a measure will not delay the timeline for unstaking ETH. As the only major code change in the hard fork, the unstaking is currently being tested in a developer-oriented testnet.

Against this background, token rates of such staking platforms as Lido Finance (LDO), Ankr (ANKR), and Rocket Pool (RPL). As of January 9, 15:15 UTC, LDO is trading at $1,92 (+18,6% in 24 hours), ANKR at $0,0204 (+22,01%), and RPL at $26,15 (13,6%), respectively, according to Binance.

Plans to activate Shanghai were announced in December. At that time, together with the hard fork, the release of previously agreed upgrades were discussed, the list of which included EIP-3651, EIP-3855, and EIP-3860.

Author: