Shapella, Ethereum's first major upgrade since The Merge, is n | CryptoExplorer ✪

Shapella, Ethereum's first major upgrade since The Merge, is now live
The upgrade took place just before 6:30 p.m. ET, marking the first major change since The Merge last year. The hard fork implemented Ethereum Improvement Proposal (EIP) 4895, allowing users and validators to withdraw their staked ether (ETH) on the network. The developers will be monitoring for any potential issues with the upgrade's completion, as noted in a YouTube stream. The upgrade was released on the mainnet at block height 6209536. In addition to the withdrawal mechanism, developers have optimized the network's gas fees for certain transactions, as previously noted by the core team on GitHub. This event marks a significant change for Ethereum due to its potential impact on the ecosystem, including the unlocking of previously inaccessible funds. Now that withdrawals have been enabled, the network has finally completed its transition to proof-of-stake consensus. Read more