🤖AI Summary
The Ethereum Shapella network upgrade will activate on April 12, 2023 at 22:27:35 UTC (epoch 194048), enabling ETH staking withdrawals for the first time. This major upgrade allows validators to withdraw their staked ETH, marking a significant milestone for Ethereum's proof-of-stake transition.
Key Takeaways
- →Ethereum's Shapella upgrade activates April 12, 2023 at epoch 194048, enabling staking withdrawals.
- →This is the first time stakers will be able to withdraw their locked ETH since the Beacon Chain launch.
- →Stakers and node operators need to review specific documentation and withdrawal procedures.
- →Ethereum Bug Bounty rewards have been increased until April 5th ahead of the upgrade.
- →The upgrade represents a major milestone in Ethereum's transition to proof-of-stake consensus.
Read Original →via Ethereum Foundation Blog
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