Ethereum Core Developers Confirmed April 12th for Shapella Upgrades

The Shapella network upgrade will be enabled on Ethereum mainnet on April 12th after receiving an official consensus from the core developers.

The Shapella upgrade will take place at epoch 194,048. followA blog post by the Ethereum Foundation is expected to occur at 6:27 p.m. EDT on April 12, as the statement confirms previous estimates for the upgrade.

The Shapella upgrade will add EIP-4895 to the Ethereum network. This EIP will enable withdrawals of staked ether for the first time. Shapella also includes other network improvements, such as optimizing transaction fees. for some activities These upgrades have been tested on multiple test networks.

The upgrade confirmation also states that the Shapella bug bounty will last until April 5, when the Ethereum Foundation recently doubled its bounty to $500,000.

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