Ethereum Shanghai hard fork set to launch 12 April

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Ethereum Shanghai hard fork set to launch 12 April

Fin is an expe­ri­enced reporter with a focus on the front­lines of glob­al busi­ness news and cut­ting-edge tech­no­log­i­cal trends. When he’s not mod­er­at­ing pan­els or inter­view­ing indus­try execs, you’ll find him research­ing blockchain pro­to­cols and AI tech­nolo­gies. You can fol­low his Twit­ter @FinStrathern or con­nect with him at

Ethereum’s much antic­i­pat­ed Shang­hai hard fork is set to go live on 12 April, bring­ing sev­er­al upgrades that com­plete the network’s tran­si­tion to a proof-of-stake consensus.

The main­net upgrade includes five Ethereum Improve­ment Pro­pos­als, most notable of which is EIP-4985, enabling staked Ether to be with­drawn on the Bea­con Chain.

This will finalise Ethereum’s tran­si­tion from proof-of-work (PoW) to a proof-of-stake (PoS) con­sen­sus mechanism.

Ethereum core devel­op­ers announced the tar­get dead­line dur­ing the All Core Devel­op­ers Exe­cu­tion Lay­er #157 call. The spe­cif­ic date – 10:27:35pm UTC on 12 April, or epoch 620,9536 – will now be con­firmed by devel­op­ers on GitHub.

The Shang­hai fork was ini­tial­ly planned for March, but it was pushed back two weeks by devel­op­ers ear­li­er this month.

After the upgrade, net­work val­ida­tors will ben­e­fit from auto­mat­ic rewards pay­ments at peri­od­ic inter­vals in with­draw­al address­es. Stak­ers will also be able to exit posi­tions in their entire­ty and reclaim the full staked balance.

Data from Ether­scan shows that the Ethereum PoS con­tract has tak­en on more than 17.7 mil­lion Ether, worth near­ly $31.5 bil­lion (£25.9bn) at the time of publication.

Ethereum’s PoS tran­si­tion began last Sep­tem­ber when the Merge replaced min­ers with val­ida­tors and added ETH staking.

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Tags: ETH, Ethereum, proof of stake

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