Tim Beiko, who oversees Protocol Support at the Ethereum Foundation, has confirmed the date for Ethereum’s upcoming Shapella network upgrade.
Shapella, a combination of the words “Shanghai” and “Capella,” refers to the hard forks on the execution layer client side and the consensus layer client side, respectively. The Ethereum Foundation named the upgrade after Devcon 2’s location, Shanghai, and Capella, the brightest star in the northern constellation of Auriga.
On March 28, Beiko announced via Twitter that the Shapella upgrade would occur on the mainnet during epoch 194048, scheduled for 22:27:35 UTC on April 12, 2023. Ethereum Bug Bounty rewards for Shapella-related vulnerabilities have been doubled until April 5, 2023, to address security concerns.
According to an Ethereum Foundation blog post, client teams agreed to activate the Shapella upgrade on the mainnet after a successful transition on the Goerli testnet. The upgrade will allow validators to withdraw their stake from the Beacon Chain back to the execution layer, and introduce new functionality to both the execution and consensus layers.
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- Source: https://www.cryptocompare.com/email-updates/daily/2023/mar/30/
