Ethereum: massive release of ETH in sight with the Shanghai hard fork


Ethereum on its way to its next hard fork – After rolling out The Merge last September, the developers ofEthereum are now working on the next hard fork. Entitled Shanghai, it will bring many improvements. However, its deployment date has not yet been set.

Hard fork Shanghai: the next step for Ethereum

On September 12, the Ethereum network experienced one of the biggest updates in its history. Indeed, the network has finalized its transition from Proof of Work to Proof of Stake.

From now on, the developers are preparing the next update: the hard fork shanghai.

A little over a month ago, the latter had deployed a first testnet, called shandongto approve the various developments.

Shandong testnet announcement.

More recently, the developers have made some changes to the EIPs that should be integrated into this hard fork.

Thus, during the Ethereum Core Devs Meeting 150, the developers agreed on 8 EIPs which should be present in the hard fork:

  • EIP-3651: Warm COINBASE;
  • EIP-3855: PUSH0 statement;
  • EIP-3860: Limit and meter initcode;
  • EIP-4895: Beacon chain push withdrawals as operations;
  • EOF(3540, 3670, 4200, 4750, 5450);
  • EIP-1153 (transient storage);
  • EIP-2537 (BLS precompiled);
  • EIP-4844 (protodanksharding).

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Towards a postponement of the withdrawal of ETH in staking?

The Shanghai hard fork is highly anticipated by the community, especially for EIP 4895. In effect, this EIP will introduce the possibility of withdrawing ETH deposited in stakingso far blocked on the beacon chain.

However, many users have noticed that the Ethereum Foundation has removed any predictions as to when this EIP will be rolled out on its site. This deletion has led many Internet users to think that a postponement of this update was planned.

However, during the developer meeting, all of the teams have agreed to prioritize withdrawal over other EIPs in the hard fork. Ideally, developers would like withdrawals to be made possible for around March. At least that’s what Tim Beiko reported on Twitter :

“Thus, the teams want to deploy the withdrawals quickly, ideally around March. There are other things they are working on in parallel, and if those can be done at the same time, we should include them, but the pullbacks drive the hard fork. »

More details as to the date could be provided at the next meeting. Indeed, the status of withdrawals at the level of each of the development teams will be addressed as a priority in the next meeting.

For its part, the Ethereum network is at the heart of an important debate after Consensys made a change to its privacy policy. Thus, the wallet MetaMask will now collect users’ personal data.

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