Skip to content

Home hub News Ethereum Shanghai Official Launch Date Announced

Ethereum Shanghai Official Launch Date Announced

Ethereum core developers have set an official target launch date for the Shanghai Update that will enable withdrawal for staked ETH.


Posted March 27, 2023

Image of a rainbow ethereum logo on a dark background.
Image of a rainbow ethereum logo on a dark background.

The much-anticipated launch of Ethereum Shanghai is finally just around the corner. During an All Developer’s call streamed earlier this March, Ethereum developers have announced the target date to be April 12th, 2023.

Ethereum Shanghai, also known as Shapella, is set to deploy significant EIPs (Ethereum Improvement Protocols) on the network, improving the overall performance, security, and speed of the Ethereum blockchain.

Tim Beiko sharing the epoch number along with the date and time of the Shanghai Shapella.

The Shanghai Shapella has been eagerly awaited by the crypto community, as well as ETH investors and holders.

The upgrade includes multiple improvements, but one of the most significant is the ability for Ethereum stakers to withdraw both their staked ETH and earned rewards.

This feature has been highly desired among Ethereum users and the wider cryptocurrency community, and is outlined in the EIP-4895 proposal.

New to Ethereum? Learn the basics.

Ethereum (ETH) logo on dark purple background.

As the world’s second most popular cryptocurrency, Ethereum has already had a significant impact on the blockchain industry. However, Ethereum Shanghai is set to take things to the next level as part of its grand roadmap.

We make crypto easy.

Invest in the future.

Buy Crypto

The Shanghai Shapella follows the events of the Merge in September, where Ethereum’s consensus mechanism switched to PoS (Proof of Stake), and the network started using validators instead of miners to verify transactions.

What is PoS? Read our guide to learn about Proof of Stake.

These validators were required to stake 32 ether (ETH) to verify and add blocks to the blockchain. The staked ETH would remain locked until Shanghai Shapella goes live.

Hence the much anticipated update to Ethereum’s network which not only impacts the network performance, but also potentially the price of ETH as well.

Stay tuned for more updates on the Ethereum Shanghai and all things crypto!

Stay curious and informed

Make sure to follow our Twitter, Instagram, and YouTube channel to stay up-to-date with Easy Crypto!

Also, don’t forget to subscribe to our monthly newsletter to have the latest crypto insights, news, and updates delivered to our inbox.

Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.

Last updated March 29, 2023

Crypto made easy.

Get started today!

Scroll To Top