Ethereum

Ethereum Developers Discuss Shanghai Upgrade Considerations

Tim Beiko, an Ethereum Core engineer, provided information on the latest Ethereum developers call, where a number of topics were discussed, including the planned Shanghai hard fork, in a series of tweets.
Ethereum Developers Discuss Shanghai Upgrade Considerations 3

Beiko claims that the date of the upgrade and the status of several Shanghai proposals were addressed. There hasn’t been agreement on the timing yet because, as Beiko pointed out, there are many intricacies. According to the Ethereum developer, the following EIPs are presently certain to be included in Shanghai: EIP-3651, EIP-3855, EIP-3860, and EIP-4895.

Eight suggestions for the hard fork have been taken into consideration (Beacon Chain push withdrawals as operations). EOF (3540, 3670, 4200, 4750, 5450), EIP-1153 (transient storage), EIP-2537, and EIP-4844 are further candidates for inclusion (protodank sharding).

ETH network would become more scalable

Ethereum Developers Discuss Shanghai Upgrade Considerations 4

He mentions that the group took some time to decide what should come first for Shanghai. It was planned for the fork to include the hard fork update, or EIP 4895, which will enable staked ETH withdrawals as Beacon Chain withdrawals. Beiko claims that the fork is still being guided by withdrawals, and that the biggest commitment is still to have withdrawals happen rapidly, ideally around March. He mentions that the final specifications for the Shanghai upgrade will be decided upon on the final developers’ call of the year, which will be held on December 8.

On October 18, the Shanghai testnet, also known as Shandong, became live, enabling developers to create implementations using the Ethereum Virtual Machine (EVM) object format. Mid-September saw the widely reported Merge update, which made it possible for the network to switch from proof of work to proof of stake.

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Annie

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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