Shanghai, a significant upgrade to Ethereum that allows withdrawal of staked ETH, April 12.
News of the Shanghai hard fork’s final date was shared on Twitter on Thursday by Ethereum’s lead developer, Tim Beiko, who also said the upgrade would take place at block 6209536.
The confirmed date is slightly later than the signal provided by Beiko in a developer call last December.
At the time, Beiko set a March deadline for the upgrade, stating that enabling withdrawals was “clearly a top priority for everyone.”
The Shanghai hard fork is a much-anticipated upgrade for ETH holders given that it will enable the withdrawal of ETH tokens staked on Ethereum’s new Proof of Stake (PoS) blockchain.
This upgrade is also believed to attract more stakers to the Ethereum network, which could ultimately benefit the price of ETH.
Some are still skeptical
The lack of ability to withdraw staked ETH is a somewhat controversial topic in the crypto community, with some Ethereum critics openly questioning whether the network will be open to such withdrawals. .
In January of this year, one of the Bitcoin enthusiasts who was skeptical that an Ethereum (ETH) withdrawal would take place was the one of popular cryptocurrency investors and analysts Eric Wall and Tungsten Cube. Participated in betting.
Wall proudly told his Twitter followers about the bet, sharing details of a previous tungsten cube bet he won with other members of the crypto community.
“Bitcoiners confidently say nonsense every year. As long as they do, I will continue to collect cubes from them,” he said.