Ethereum Foundation has announced that the Shanghai hard fork is finally set to take place on April 12th, 2023. However, the final decision on the date will depend on the community feedback and network stability. The foundation is taking steps to ensure that the hard fork process is as smooth and secure as possible, after already being postposted in March
The Shanghai hard fork is a major update to the Ethereum blockchain that will bring about significant changes. It will introduce a new way of validating transactions called proof-of-stake, which is more energy-efficient and secure. The update will also integrate Eth2, which will further enhance the network’s scalability and performance. Additionally, the implementation of EIP-1559 will help to reduce transaction fees and make Ethereum more user-friendly. The update will also include various network improvements and optimizations to improve the overall security and performance of Ethereum.
The Ethereum community has been eagerly anticipating the Shanghai hard fork, and the announcement of an official target date is an important step in the development process. Ethereum developers and stakeholders will keep working to finalize the implementation and guarantee a seamless transition for the network.