According to the recent Ethereum Core development conference, in 2023 On March 8th, the developers revealed that the next Ethereum hard fork called Shanghai could be implemented by March 2023.
Ethereum Developers Target Hard Fork ‘around March’
December 8, 2022, Ethereum Core Developers Convened for the 151st Developer Conference, where many topics were discussed, including the next hard fork of Ethereum. Ethereum’s last major hard fork was The Merge. This significantly changed the rules of the blockchain network, changing the network from Proof of Work (PoW) to Proof of Stake (PoS). Hard fork changes are not backwards compatible, requiring network users to update their node software.
At the conference, the developer explained that the next hard fork called Shanghai could be scheduled around March 2023. Now that the community has established, Shanghai could also deal with the network’s staked Ethereum withdrawal. Importance of the problem. At the time of writing, December 9, 2022, theBeacon Chain contract has 15,597,175 Ether locked into the contract and hasETH Today’s exchange rate of.
ETH is locked in a beacon chain contract, requiring a hard fork to access funds, possibly multiple. Ethereum Core developer Tim Beiko has admitted that most people and developers want their withdrawals to happen quickly. “This is obviously the number one priority for everyone,” Beiko said. “People generally seem to want him to target around March,” he added Beiko.
Developer also discusses ways to improve Ethereum’s throughput capacity, Ethereum software his programmers introduced Ethereum Improvement Proposal (EIP) 4844 . EIP-4844 deals with concepts like{48 . } proto-danksharding and shard blob transactions. It leverages technology intended to implement a new kind of transaction type on Ethereum that accepts “blobs” of data held in nodes.
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