Shapella Upgrade All Set for Mainnet Launch
The Ethereum Foundation has made an official announcement regarding the Shapella network upgrade, which will be operational on the Ethereum platform at epoch 194048. The upgrade is expected to take place on April 12, 2023, at 22:27:35 UTC. This development is expected to enable withdrawals. As the Ethereum community eagerly anticipates the Shapella network upgrade, the Ethereum Foundation has announced an increase in Eth Bug Bounty incentives for vulnerabilities in Shapella.
It's happening 🎊
Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 📆
Client releases compatible with the upgrade are listed in the announcement below 👇https://t.co/I0hSv9lnjz
— timbeiko.eth ☀️ (@TimBeiko) March 28, 2023
Ethereum Community Reaches Consensus on Shapella Upgrade, Set for April 12th
This move is aimed at encouraging security researchers to identify any potential issues with the upgrade before it goes live. The increase, which started on the day of the announcement and will continue until April 5, 2023, is expected to help ensure the smooth and secure transition of the upgrade onto the Ethereum network.
For those who wish to stay updated on upcoming upgrade announcements, the Ethereum Foundation has provided an option to register for email notifications. For this, interested parties can scroll down the page until they reach the bottom and fill out the registration form. This will ensure that they receive timely updates about the Shapella network upgrade and any other Ethereum-related news.
The successful completion of the Goerli upgrade has paved way for teams to activate the Shapella upgrade on the mainnet. The 157th meeting of the AllCoreDevs Execution Layer saw the Ethereum community come together to reach a consensus on the upgrade. As a result, the date of April 12 was swiftly decided upon. This marks another significant milestone for the Ethereum network. It is constantly evolving and improving its capabilities.
Shapella Upgrade Brings New Features and Increased Security to Ethereum Network
The Shapella network upgrade follows The Merge. It gave validators the ability to withdraw the stake from the Beacon Chain and return it to the execution layer. In addition to this, the upgrade adds new features to both the implementation layer and the consensus layer. Moreover, with increased security and new features, Shapella network upgrade is set to take the Ethereum network to new heights.
In addition, the Shapella network upgrade is an exciting development for the Ethereum community. It is a testament to the platform’s commitment to innovation. As the countdown to epoch 194048 continues, the Ethereum community eagerly anticipates the benefits that the Shapella network upgrade will bring, and the Ethereum Foundation continues to ensure that the upgrade is secure and efficient for all users.