a.i & blockchain

the ethereum’s “shanghai” upgrade

Ethereum developers set to upgrade the software network last wednesday (april 12), and it was reported with new features and improvements for its efficiency, cost, and security. ethereum is the world’s second-largest blockchain, with a capitalization of $231 billion. 

the eip-4895, which allows users to withdraw their staked ether, or tokens deposited to support the operations of a blockchain in exchange for a passive income, is the main feature of the so-called shanghai upgrade. 

concerns have arisen that holders may rush to sell ether in order to lock in profits, causing prices to fall. because the majority of staked ether was still losing money in comparison to ether prices at the time it was staked, cryptoquant does not anticipate a flood of sales of the cryptocurrency. 

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