THE ETHEREUM SHANGHAI UPGRADE IS FEW DAYS AWAY

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Ethereum is 26 days away from the biggest upgrade of the year in its history. Ethereum is just one step away from users finally being able to unstable their coins and withdraw Ethereum should they choose to do so but also most importantly to claim their staking rewards. The Ethereum developer has completed the Shanghai upgrade on the Gorly testnet which is the network's final testnet to be upgraded. The next step in this scenario is to push the upgrade live onto the Ethereum mainnet for everybody to start the grand unlock. This final Ethereum upgrade did come with a few unexpected hiccups, the developers have said the processing of deposits did not run as smoothly as they expected.

Of course, this is the reason why we do testnet so we can find these things before finally out before we risk billions of dollars in value. This is also due to multiple test net validators not upgrading their client's software in time. Ethereum core developer Tim Baiko is out and has said one challenge with testnet validators is that given the ETH is worthless. He expects the validators to carry out the proper preparation ahead of the actual mainnet launch where all the monetary value is sitting. We now have a target for the Shanghai upgrade of April 12th, which is just 26 days away.


When the Shanghai upgrade finally does get rolled out to the mainnet, it may take a little bit of time for the rest of the Ethereum ecosystem to start catching up to that. For example, Lido which is one of the biggest staking protocols for Ethereum. They announced their plan to launch the staked ETH withdrawal feature sometime in May due to the ongoing audits of its V2 platform. Lido has spent 1.2 million dollars on a total of seven different audits for its platform in other to try and fix any issues or vulnerabilities with the performance before that upgrade comes. It is exciting to be on the precipice of such a big event. Having spent so much money, they are not to let the Shanghai upgrade come in between their plans. It's going to come in May at some point if you are using the Lido staking service.

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