How will the Shanghai upgrade impact ETH price? Expert explains By Cointelegraph
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While it may have some short-term negative impact on the price of Ether (ETH), the upcoming Shanghai upgrade will be highly bullish for Ethereum’s native token, as it will attract more capital to staking and increase the network’s security, according to researcher Vivek Raman.
The Shanghai upgrade, scheduled for April 12, will allow network validators to withdraw funds that have been locked to secure the network since December 2020. The upgrade will complete the network’s transition to a proof-of-stake system, which started in October 2022 with the Merge.
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While it may have some short-term negative impact on the price of Ether (ETH), the upcoming Shanghai upgrade will be highly bullish for Ethereum’s native token, as it will attract more capital to staking and increase the network’s security, according to researcher Vivek Raman.
The Shanghai upgrade, scheduled for April 12, will allow network validators to withdraw funds that have been locked to secure the network since December 2020. The upgrade will complete the network’s transition to a proof-of-stake system, which started in October 2022 with the Merge.
Continue Reading on Coin Telegraph
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