[](/u/Monicagrizzi/)
Withdrawals are coming!’ — Ethereum devs confirm epoch for Shape
[BINANCE:BTCUSDT](/symbols/BTCUSDT/)Bitcoin / TetherUS
Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12.
ETH
tickers down
$1,780
from the Beacon Chain, with the Shapella hard fork set to be activated on the
Shapella will take effect at epoch 194,048, which is scheduled for 10:27 pm UTC on April 12,
The withdrawals will be enabled by
The epoch, slot, and time were confirmed following a week-long deliberation between
While the hard fork will allow for partial and full withdrawals, several mechanisms are set in place to ensure a flood of Ether doesn’t disrupt the market.
There are now 17.81 million Ether staked on the Beacon Chain.At a current price of $1,776, this means $31.6 billion can be incrementally unlocked over time.
While the
However, Beiko is confident it won’t be an issue this time, as
Ethereum’s key hard forks
Because of EIP-4895, Shapella is considered the most significant hard fork on
Prior to that, London introduced
Related: Ethereum’s Shapella transition is ‘on the horizon’
Berlin optimized gas costs for some
Finally in December 2019, Istanbul served to improve denial-of-service attack resilience and make layer-2 scaling solutions based on SNARKs and STARKs more performant.
The
Magazine: Crypto
[Twitter](/symbols/NYSE-TWTR/)Hall of Flame: Lark Davis on fighting social media storms, and why he’s an ETH bull [Ethereum](/symbols/ETHUSD/)validators will soon be able to withdraw their Ether
ETH
tickers down
$1,780
from the Beacon Chain, with the Shapella hard fork set to be activated on the
[Ethereum](/symbols/ETHUSD/)mainnet on April 12.
Shapella will take effect at epoch 194,048, which is scheduled for 10:27 pm UTC on April 12,
[Ethereum](/symbols/ETHUSD/)core developers confirmed.
The withdrawals will be enabled by
[Ethereum](/symbols/ETHUSD/)Improvement Proposal EIP-4895 by “pushing” staked Ether from the Beacon Chain to the [Ethereum](/symbols/ETHUSD/)Virtual Machine ( [EVM](/symbols/AMEX-EVM/)), otherwise known as the execution layer.
The epoch, slot, and time were confirmed following a week-long deliberation between
[members](/symbols/TADAWUL-2130/)of the [Ethereum](/symbols/ETHUSD/)Foundation, which was led by [Ethereum](/symbols/ETHUSD/)core developer Tim Beiko.
While the hard fork will allow for partial and full withdrawals, several mechanisms are set in place to ensure a flood of Ether doesn’t disrupt the market.
There are now 17.81 million Ether staked on the Beacon Chain.At a current price of $1,776, this means $31.6 billion can be incrementally unlocked over time.
While the
[Ethereum](/symbols/ETHUSD/)Foundation described the last testnet run on Goerli as “smooth,” there was a notable delay in activation time due to many validators not updating their client software.
However, Beiko is confident it won’t be an issue this time, as
[Ethereum](/symbols/ETHUSD/)validators will be economically incentivized to make the update for the mainnet.
Ethereum’s key hard forks
Because of EIP-4895, Shapella is considered the most significant hard fork on
[Ethereum](/symbols/ETHUSD/)since Paris — the Merge — changed the network consensus mechanism from proof-of-work to proof-of-stake on Sept 15.
Prior to that, London introduced
[EIP-1559](/symbols/FWB-EIP/)in August 2021, which introduced a base fee that users must pay instead of the old price auction method.While the validators still receive a block reward and tip, the base fee is burned, which is intended to make Ether deflationary over time.
Related: Ethereum’s Shapella transition is ‘on the horizon’
Berlin optimized gas costs for some
[EVM](/symbols/AMEX-EVM/)actions in April 2021, while Beacon Chain Genesis marked the first block that was produced on the proof-of-stake chain on Dec.1, 2020.
Finally in December 2019, Istanbul served to improve denial-of-service attack resilience and make layer-2 scaling solutions based on SNARKs and STARKs more performant.
The
[Ethereum](/symbols/ETHUSD/)Foundation also announced last week that it doubled rewards for any bugs found in the Shapella code.Successful bounties may receive a reward anywhere between $2,000 and $250,000, depending on how “critical” the bug is.
Magazine: Crypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.Read more in the
[Terms of Use](/policies/#disclaimer-regarding-investment-decisions-and-trading)..