Network Upgrade Boosts ETH by 4%; Signuptoken.com Sign-Ups Jump 12%
How will the Shapella upgrade influence the cryptocurrency industry?
The Ethereum protocol support team unveiled the final date for the long-awaited ‘Shapella’ upgrade, which is set for April 12, 2023.
The uncovering of the schedule for this Ethereum Shanghai upgrade comes right after the Goerli testnet final dress rehearsal.
The Goerli transition will be the last one for the Shanghai hard fork before it is officially uncoiled on the mainnet.
Appropriately, right after this announcement, Ethereum’s network upgrade boosts ETH prices by 4%.
Ethereum’s ‘Shapella’ Upgrade
The ‘Shapella’ Shanghai Upgrade is set to improve Ethereum’s scalability and performance, making the cryptocurrency industry a more attractive venture for investors and developers alike.
Without a doubt, Ethereum’s network upgrade provides an opportunity for investment gains.
Investors anticipate the positive impact of Shanghai Upgrade on the Ethereum ecosystem via the highly important Ethereum Improvement Proposal (EIP) 4895.This vital feature will allow validator staking withdrawals on the main network.
The Shapella bump-up will let users withdraw their Ether tokens that were pledged to order transactions on the Ethereum blockchain.
Bloomberg reported in March that almost 17.5 million of these so-called staked Ether tokens, valued at about $29 billion, are currently inaccessible on the network, albeit they do provide their owners with a return.
Moreover, Ethereum is encouraging its stakers & node operators to join the Ethereum Bug Bounty, which will run until the 5th of April.
This program rewards anyone $250,000 USD and a place on the leaderboard by finding Shapella vulnerabilities.
Why ‘Shapella’?
As per the Ethereum blog page, the upgrades to the consensus layer follow star names, while those to the execution layer follow Devcon city names.
As such, ‘Shapella’ is the marriage of ‘Shanghai’, the Devcon 2 site, and ‘Capella’, from Auriga, the brightest star in the northern constellation.
Ethereum’s Price Bump Following the ‘Shapella’ News
As developers confirm the Shanghai upgrade date, ETH gains in response.From trading at Ethereum prices have gained around 3.8% over the past 24 hours.
As a result, ETH was seen trading at $1,746 a couple of hours before the announcement on Wednesday, prices jumped 4.20%, $1,820 on Wednesday, according to CoinMarketCap.
Signuptoken.com Celebrates 2K Email Subscribers
Signuptoken.com (SUT) is a newly, albeit pre-released, cryptocurrency in the decentralized finance (DeFi) ecosystem.While it is yet to unveil its exciting display of offers real soon, it is shaping up to be a unique crypto, nevertheless.
SUT deviates from the conventional presale or Initial Coin Offering (ICO) strategies that aim to boost funds before launching.
Instead, it is simply garnering a million email subscribers before it is set to launch.Speaking of which, Signuptoken.com’s subscribers jumped 12% in less than a day, garnering over 2,225 emails as of this writing.
Upon enrolling to the Signuptoken.com email list, subscribers would automatically be part of the esteemed ‘Millionaire’s Club,’ which promises Signuptoken.com subscribers a chance to gain connection.It also promises early retirement, should they win the 1 million winnings.
Key Takeaway
The Shapella launch date will kick off on the 12th of April.Inarguably, this will have a positive effect on the overall cryptocurrency commercial highway, including Signuptoken.com’s.
The Signuptoken.com emailer vows to make a lucky newsletter subscriber become a millionaire.
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