The Shanghai & Capella upgrade is coming, bringing significant improvements to the Ethereum network.
Here's a quick rundown of what's changing!π
π§ #Shanghai & #Capella Upgrade
This two-part upgrade focuses on Ethereum's Execution Layer (EL) and Consensus Layer (CL). They'll be triggered by a specific timestamp, ensuring a synchronized update for a seamless transition, in roughly 10 hoursβ°
πThe main feature of this upgrade is EIP-4895, which allows users to withdraw their staked $ETH from the beacon chain.
This provides more flexibility for #Ethereum users and improves the overall staking experience. π°
π Market Impact
With more #ETH available for withdrawal, the market will see increased liquidity.
This can create more opportunities for users and improve competition between (liquid) staking platforms, leading to better services and lower fees. π₯
In conclusion, the Shanghai & Capella upgrade is a major step forward for Ethereum, enhancing the network and user experience.