Ethereum (ETH) investors are inching closer to accessing their staked ETH after the network’s developers announced a new possible date for the highly anticipated Shanghai upgrade. 

Indeed, Ethereum’s core developers, in a meeting on March 16, set the date of April 12 for the crucial Shanghai-Capella upgrade, also known as Shapella, on the main network. 

According to the developers, the Shapella upgrade was successfully launched on the Goerli testnet as the final dress rehearsal before the mainnet launch. The upgrade is scheduled to take place at 10:27 a.m. UTC on April 12, with epoch number 620,9536.

The highlight of the upgrade is Ethereum Improvement Proposal (EIP) 4895, which will enable validator staking withdrawals on the main network, a critical feature that was not included during Ethereum’s transition to proof-of-stake (PoS) consensus last September after the Merge upgrade.

(By Paul L.)