Sunday, June 1, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Ethereum: Shanghai Slated For March

by Jake Simmons
December 9, 2022
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Yesterday, Thursday, the last Ethereum All Core Devs meeting of the year took place. The main topic was the next hard fork called Shanghai.

Until now, it was unclear which Ethereum Improvement Proposals (EIPs) would be included in the upgrade.

Most notably, there was controversy at the last meeting over whether proto-danksharding (EIP-4844) would be included to improve the scalability of layer 2 rollups.

However, as Tim Beiko from the Ethereum Foundation reports, consensus has now been reached.

EIP-4844 is not scheduled until the fall of 2023 with a separate hard fork, meaning the Shanghai upgrade will not be delayed and can remain on the tentative March 2023 schedule.

Ethereum To Enable Staking Withdrawals For The First Time

In September 2022, Ethereum switched its consensus mechanism to a proof-of-stake with the Merge. Investors had already been able to stake ETH on the Ethereum blockchain since November 2020, with the release of the ETH deposit contract.

However, there is one problem. Participants have not previously been able to withdraw their staked ETH unless they used a liquid staking method. With the Shanghai hard fork, this is changing.

As Beiko stated, the Ethereum core devs have decided to prioritize enabling stake withdrawals over implementing the so-called “Surge” upgrade with EIP-4884. The proposal will enable the withdrawal of staked ETH for the first time.

So while EIP-4844 will not be included, three more technical EIPs that are of interest primarily to developers are already sure to be bundled into the Shanghai upgrade.

These are EIP-3651 (Warm COINBASE), EIP-3855 (PUSH0 statement) and EIP-3860 (Limit and counter init code).

The most interesting of them is EIP-3651: Warm Coinbase. The name is not to be confused with the US exchange of the same name. Rather, it is about gas savings for direct COINBASE payments.

These are growing in popularity because they allow conditional payments, which offer benefits such as implicit cancellation of transactions that can be reversed.

However, access to the COINBASE is overpriced. The address is initially cold under the access list introduced in EIP-2929. This imbalance in gas costs may create incentives for alternative payments besides ETH.

EIP-3651 solves this problem with a warm COINBASE and thus lowers gas fees when developers interact with it.

Impact On The ETH Price

The impact on the price of ETH could be huge when investors can access their ETH for the first time in over two years. While not every staker may want to sell their ETH, the volume in the deposit contract is enormous.

The total value of the ETH 2.0 deposit contract reached an all-time high of 15,569,431 ETH just yesterday.

This means that around 12.7% of the total ETH supply is in the contract and will probably become available for the first time in March.

ETH total value in ETH 2.0 deposit contract. Source: Glassnode Alerts

Meanwhile, Ether again failed to break through the major resistance at $1,300 yesterday. As of press time, ETH was trading at $1,279 and is thus just below the key level.

Ethereum ETH USD 2022-12-09
ETH price, 4-hour chart. Source: TradingView





Source link

Tags: EthereumMarchShanghaiSlated
Previous Post

China’s Li Auto sees higher deliveries in Q4; third-quarter loss widens By Reuters

Next Post

Antoine Arnault to head LVMH family holding Christian Dior SE By Reuters

Related Posts

Ethereum Climbs In Key Channel After Triple Consolidation Setup

Ethereum Climbs In Key Channel After Triple Consolidation Setup

by Godspower Owie
June 1, 2025
0

Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure Ethereum (ETH) is gaining traction because...

Ross Ulbricht Auctions Prison Memorabilia, ID Card Sells For 11 Bitcoin

Ross Ulbricht Auctions Prison Memorabilia, ID Card Sells For 11 Bitcoin

by Aliyu Pokima
June 1, 2025
0

Silk Highway founder Ross Ulbricht has raked in $1.8 million in Bitcoin from the sale of private objects linked to...

Conor McGregor doubles down on an Irish strategic Bitcoin reserve, tags Nayib Bukele ‘let’s chat’

Conor McGregor doubles down on an Irish strategic Bitcoin reserve, tags Nayib Bukele ‘let’s chat’

by Christina Comben
June 1, 2025
0

Former UFC champion and Irish presidential hopeful Conor McGregor is doubling down on his imaginative and prescient for an Irish...

Can Dogecoin Price Still Rally 1,000%? Analyst Reveals End-of-Year Prediction

Can Dogecoin Price Still Rally 1,000%? Analyst Reveals End-of-Year Prediction

by Scott Matherson
May 31, 2025
0

Purpose to belief Strict editorial coverage that focuses on accuracy, relevance, and impartiality Created by trade consultants and meticulously reviewed...

SEC Commissioner Breaks Down Staking—Who’s Safe, What’s Covered

SEC Commissioner Breaks Down Staking—Who’s Safe, What’s Covered

by Kevin Helms
May 31, 2025
0

New SEC division steering reshapes crypto staking guidelines, easing PoS participation boundaries, legitimizing key companies, and unlocking highly effective momentum...

Ethereum’s 50% rally setup vs. Bitcoin sparks altseason hopes

Ethereum’s 50% rally setup vs. Bitcoin sparks altseason hopes

by Cointelegraph By Yashu Gola
May 31, 2025
0

Key takeaways:Ethereum is forming bullish cup-and-handle and bull flag patterns in opposition to Bitcoin, signaling a possible 30–55% upside.Analysts say...

Next Post
Antoine Arnault to head LVMH family holding Christian Dior SE By Reuters

Antoine Arnault to head LVMH family holding Christian Dior SE By Reuters

Nicholas Goldberg: Worried about another American civil war? It’s not imminent, but …

Nicholas Goldberg: Worried about another American civil war? It's not imminent, but ...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ethereum Climbs In Key Channel After Triple Consolidation Setup

Ethereum Climbs In Key Channel After Triple Consolidation Setup

June 1, 2025
Dingdong Stock: Steady Growth Amid Margin Pressure, Waiting Better Entry Point (NYSE:DDL)

Dingdong Stock: Steady Growth Amid Margin Pressure, Waiting Better Entry Point (NYSE:DDL)

June 1, 2025
Ross Ulbricht Auctions Prison Memorabilia, ID Card Sells For 11 Bitcoin

Ross Ulbricht Auctions Prison Memorabilia, ID Card Sells For 11 Bitcoin

June 1, 2025
Netflix Tudum 2025: every announcement from Stranger Things, One Piece, Squid Game, Wednesday and more

Netflix Tudum 2025: every announcement from Stranger Things, One Piece, Squid Game, Wednesday and more

June 1, 2025
Hamas says at least 60 people killed in Gaza in the past 24 hours

Hamas says at least 60 people killed in Gaza in the past 24 hours

June 1, 2025
Conor McGregor doubles down on an Irish strategic Bitcoin reserve, tags Nayib Bukele ‘let’s chat’

Conor McGregor doubles down on an Irish strategic Bitcoin reserve, tags Nayib Bukele ‘let’s chat’

June 1, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Ethereum Climbs In Key Channel After Triple Consolidation Setup

Dingdong Stock: Steady Growth Amid Margin Pressure, Waiting Better Entry Point (NYSE:DDL)

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In