Ethereum Shanghai Update is Officially Live
As most of the crypto world watches, Ethereum’s highly-anticipated Shanghai update has officially gone live. Moreover, the development was scheduled to arrive Wednesday night and will enable the withdrawal of previously staked Ethereum on the network for the first time. There has been some speculation that the arrival of the upgrade could have a negative impact on the price in the short term. Conversely, its implementation signifies a host of technology improvements for the Ethereum Network. JUST IN: Ethereum Shanghai upgrade officially goes live, enabling over $34.5 billion in staked $ETH to be withdrawn. — Watcher.Guru (@WatcherGuru) April 12, 2023 ETH Shanghai Upgrade Goes Live The highly anticipated final step in the network move from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism has arrived. Specifically, the anxiously awaited Ethereum Shanghai update has officially gone live. The PoS model is a more optimal method in regard to energy efficien...