“Withdrawals are coming!” – Ethereum Dev Confirms Shapella Fork Era

The Ethereum Foundation has notify Activation of the upcoming Shapella network upgrade on Ethereum, scheduled for April 13, 2023 (UTC) 05:27:35, epoch 194048. Following the merger, the Shapella upgrade will allow validators to withdraw their stake from the beacon chain to the executive layer. This upgrade introduces new features to the execution and consensus layers.

The Shapella upgrade includes changes to the execution layer (Shanghai), the consensus layer (Capella), and the API engine. The implementation layer changes included in Shanghai are Warm COINBASE, EIP-3855: Introduction to PUSH0, EIP-3860: Limitation and metering initialization code, EIP-4895: Beacon Chain push exit as a multi-operation action, and EIP-6049: Objection to SELFDESTRUCT. Changes to the consensus layer when upgrading Capella are specified in the v1.3.0-rc.5 specification.

The upgrade introduces full and partial withdrawals by validators, publishes BLSToExecutionChange, allows validators to use BLS_WITHDRAWAL_PREFIX to update to ETH1_ADDRESS_WITHDRAWAL_PREFIX, the prerequisite for withdrawals, stand-alone and blocked history accumulators, and replace the original historical origin.

Stakers and node operators should read the Withdrawal FAQ to learn more and prepare for Capella. From now until April 5, the Ethereum Bug Bounty rewards for the discovery of the Shapella vulnerability will be doubled.

The Ethereum Foundation released a list of client versions that support Shanghai & Capella on the Ethereum mainnet. Validators should pay particular attention to the risks of running majority clients on the execution (EL) and consensus (CL) layers. The Ethereum Foundation has also released a Withdrawal FAQ for investors to prepare for Capella.

No additional steps are required for Ethereum users or ETH holders unless notified by the wallet provider or exchange. Non-staking node operators should update their nodes to the Ethereum client version listed in the Ethereum Foundation client release list. Stakers should update Beacon nodes and validator clients to the client versions listed in the Ethereum Foundation release list.

If stakers or node operators do not participate in the upgrade, they will be stuck on a chain that is not compatible with the old rules and will not be able to send ETH or operate on a post-Shapella Ethereum network.


according to Kyptos

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