Ethereum

<ul><li>The hard fork will not have a “dramatic” impact on the price of Ethereum.</li><li>On average, those who staked ETH before the upgrade are down 12.7% from the price point.</li></ul><a href="https://thenewscrypto.com/tag/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> has moved one step closer to a fully autonomous proof-of-stake system after its long-awaited Shanghai upgrade takes hold on the world’s second-biggest blockchain.On April 12, the main feature of the Shanghai upgrade, known as EIP-4895, went live. The upgrade now allows some users to withdraw their staked ETH while introducing other features tangential to stake unlocking. Crucially, the new upgrades aim to reduce the gas fees that Ethereum developers pay.According to data from Etherscan, only 170,000 ETH of the 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai fork. As well, there is a withdrawal queue for the Shanghai upgrade that allows only 115,220 requests per day to be processed.According to a report by the research analytics firm Glassnode, the hard fork will not have a “dramatic” impact on the <a href="https://thenewscrypto.com/ethereum-shapella-upgrade-and-impact-on-eth-price/" rel="noopener noreferrer nofollow">price of Ethereum</a> because only 22% of the <a href="https://thenewscrypto.com/ethereum-price-declines-as-the-imminent-shanghai-upgrade-nears/" rel="noopener noreferrer nofollow">ETH staked</a> before the upgrade is currently in profit.Continue reading <a href="https://thenewscrypto.com/ethereum-shanghai-upgrade-goes-live/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

Ethereum Shanghai Upgrade Goes Live

TheNewsCrypto

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