Ethereum News

Ethereum Developers Announce Future Innovations in Next Updates

Ethereum developers on Thursday decided to evaluate eight Ethereum Improvement Proposals (EIP) for inclusion in the network’s upcoming hard fork called Shanghai.

The hard fork upgrade will unlock staked ETH withdrawals on the Beacon Chain and include other proposals designed to improve the Ethereum Virtual Machine, addressing scalability issues. However, there is no consensus yet on when this will happen.

The phrase evaluation for inclusion of EIPs means that developers will commit to improving these offerings and testing them on devnets. However, there is no guarantee that all these proposals will be finalized for inclusion in Shanghai. Before holding this meeting, the main developers had decided that withdrawals from the Beacon Chain, EIP 4895, would definitely be part of the fork.

This means that when Ethereum goes through its next upgrade, users who deposit Ethereum by locking it to the Beacon Chain smart contract before Merge will be able to access them, along with additional accrued rewards.
Source: https://en.cryptonomist.ch/2022/11/24/ethereum-staking-unlocking-test-coming-soon/

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