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Source: Сointеlеgrаph

Developers from the Ethereum Foundation have decided on eight Ethereum Improvement Proposals (EIPs) to explore the Shanghai Update, the next major post-merger update and its transition to proof-of-stake consensus, the Ethereum Foundation announced on Nov. 24.

At the weekly meeting, the developers decided which features should be included in the next hard fork, which will be released in the second half of 2023. According to the Ethereum Foundation JavaScript team on Twitter:

One of the major features expected to be in the Shanghai hard fork will be unlocked. will be able to access these tokens, as well as any other rewards. The previous chart suggested that locked ETH would be available 6-12 months after the merge.

Among the approved proposals is EIP 4844, which focuses on the use of proto-danksharding technology, which is expected to increase network bandwidth and reduce transaction fees, which will significantly improve scalability. Other EIPs deal with upgrading Ethereum virtual machines, including EIP 3540, EIP 3670, EIP 4200, EIP 4570, and EIP 5450.

The Shanghai version of the testnet, dubbed Shandong, was launched on October 18. It allows developers to work on implementations such as the Ethereum Virtual Machine (EVM) object format. be useful for network validators.

As previously reported, the merger was the first step in this five-part process that has since been developed by a number of Ethereum developers, ecosystem contributors, and commentators. The key change in the merger is a drastic reduction in power consumption, which should reduce Ethereum’s power consumption by 99%.

Source: Сointеlеgrаph

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