Ethereum runs its Shanghai update on the testnet, but some problems arise

justEmilyr

New Member
Feb 9, 2023
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The much-awaited Ethereum Shanghai hard fork upgrade, which is aimed at giving Ethereum cryptocurrency network users access to their staked ether (ETH) funds for the first time, has been executed on the Goerli testnet.

This marks the last test run before Ethereum validators will be able to withdraw their ether (ETH) from the beacon chain, which was not possible before.

It is meant to bring about significant changes to the Ethereum network and is considered a major change for the decentralized platform as it will provide users with a new level of control over their staked Ethereum funds.


 
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OpenCEX

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Mar 6, 2023
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polygant.net
The Shanghai upgrade will begin the process of unlocking 17.5 million staked ETH worth $28 billion.
Unavailable for withdrawal and unable to be sold currently, this supply will be slowly reintroduced to public markets and affect the price of ETH.