Ethereum’s Shanghai hard fork, also referred to as “Shapella,” has been finalized, enabling withdrawals for users who have “staked” their ether (ETH) to secure and validate transactions on the blockchain. The much anticipated hard fork – essentially upgrading the blockchain by splitting off a new one – has been characterized by members of the Ethereum community as a historic milestone, completing its multi-year transition to a full proof-of-stake network.
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Ethereum’s Shanghai upgrade is complete, starting new era of staking withdrawals
At the livestream, Vitalik Buterin, the co-founder of the Ethereum blockchain, said that "we're in a stage where the hardest and fastest parts of the Ethereum protocol's transition are basically over. Very significant things still need to be done, but those very significant things can be safely done at a slower pace."
