Ethereum Shanghai upgrade time

Recently, the Ethereum community announced an important upgrade plan that will upgrade Ethereum Shanghai in the next few months. The purpose of this upgrade plan is to improve the performance and security of Ethereum Shanghai. After the upgrade is completed, Ethereum Shanghai will be able to process transactions faster and operate more stably.

Because Shanghai can provide high-quality circles. Ethereum’s upgrade in Shanghai tends to be classified as a bullish price driver rather than an event with crash potential. If you want to seize the next bull market opportunity in the crypto industry, you must have a high-quality circle.

Ethereum (Ethereum) may not be launched until the end of 2022. It is a decentralized computing platform, similar to a computer operating system, on which anyone can build decentralized applications. Like Bitcoin and other cryptocurrencies, Ethereum also allows electronic payments, digital asset transfers, and more.

Constantinople, Ethereum’s next system-wide upgrade, is coming to a node near you. Constantinople includes five different Ethereum Improvement Proposals (EIPs), which were completed on August 31st. Once released on Ethereum, these proposals will permanently change the blockchain with a new series of backwards-compatible upgrades.

Ethereum’s London upgrade was completed on August 4, including the famous EIP-1559. Since the launch of EIP-1559, in less than 4 days, 16,230.38 ETH have been burned (as of the time of writing), worth nearly 50 million US dollars.

Ethereum is expected to be mineable in 2022, that is, when Ethereum 0 will be upgraded and when it will no longer be mineable. However, the upgrade of Ethereum 0 is expected to take 2 years or more. time, so it can be inferred that Ethereum can allow users to mine for at least 2 years.