Ethereum's Shapella Upgrade Happened - Coinleaks
Current Date:September 21, 2024

Ethereum’s Shapella Upgrade Happened

Ethereum’s highly anticipated Shapella upgrade went smoothly.

The most significant upgrade on the Ethereum network to take place this year, Shapella, went smoothly. Shapella took place at 1.27 pm.

Ethereum Shapella Upgrade Completed

Ethereum Shapella, the toughest bump to be surmounted this year, has been overcome. The upgrade was released on the Ethereum network on epoch 194,048.

The Ethereum network, which switched from Proof of Work to Proof of Stake in September of last year for energy saving and other main reasons, left some of its features behind. One of these features was Ethereum staking. With this upgrade, the withdrawal feature of staked tokens will become available again.

shapella, your name ShanghaiAnd capella from combinations of their names. Shanghai is an upgrade representing the execution layer of the network, while the Capella division represents the consensus layer. The combination of all these, in short shapellais expressed as.

It was a matter of curiosity what kind of a direction the price would be in this upgrade. Some big companies have also disagreed on this issue. Before the update yesterday, there was a decrease on the Ethereum side.