Ethereum (ETH) Hits New All-Time High Just in Time for Major Shanghai Update

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Ethereum (ETH) Hits New All-Time High Just in Time for Major Shanghai Update
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Ethereum $ETH smashes all-time highs with holders number as Shanghai is almost here ethereum eth shanghai capella shapella ethereumnews

, or more specifically the hard fork, will result in the unlocking of around 18 million ETH from staking for validators and other staking participants.coins. Now, as part of the update, they will be able to collect their ETH and staking rewards, which amount to around 15% of the coin's supply.

It is important to note that staking rewards can be withdrawn immediately, but withdrawal by validators of the originally deposited ETH will be speed-limited.However, this is just one, albeit the most important, item of the upcoming Shanghai update. In addition to that, Ethereum improvement proposals numbered 3651, 3855, 3860 and 6049 will also be put into effect. These proposals are aimed at reducing costs for network developers.

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