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2022-11-02 13:38:20

Ethereum: Shanghai Upgrade Gonna Be Big For The Price

With the “Merge” and the accompanying change to proof of stake, the Ethereum blockchain received arguably the most crucial and largest upgrade of all time on September 15. With “Shanghai”, however, the next upgrade is already just around the corner. After a month-long break, Ethereum developers met last Friday for their 148th All Core Developers (ACD) meeting. Chaired by Tim Beiko of the Ethereum Foundation, the developers discussed the plans for Shanghai. Together, they found consensus that Shanghai should include, at a minimum, the withdrawal of staked ETH (EIP 4895) and three other minor network optimizations (EIP 3651, 3855, and 3860). In addition, the core developers reached an agreement to further review EIP 4844 and Ethereum Virtual Machine Object Format (EOF) code changes for a possible inclusion in the Shanghai upgrade. Related Reading: Price Surge Puts Majority Of Ethereum Investors In Profit Another much-discussed update that some developers are looking to include in Shanghai is what is known as proto-danksharding, EIP 4844. Proto-danksharding is a preliminary version of sharding that introduces a new transaction type to Ethereum. It can be used to settle batches of transactions from layer 2 rollups in a cost-effective manner. However, representatives from Besu and Nethermind expressed concerns about implementation readiness, stating that the complexity and scope of the code change is not yet...

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