The 151st Ethereum Core developers meeting was held last December 8, with the topic of discussion being the upcoming hard fork for Ethereum. The fork, named Shanghai, is slated for March 2023, with the developers agreeing that managing withdrawals is the top priority. Place a bet online.

Ethereum Core Devs Aim for Hard Fork Launch Around March

The December 8 Ethereum Core Developers meeting was a success. A variety of topics were discussed, one of which was the upcoming hard fork, Shanghai. This is a backwards-incompatible rule change in the blockchain network’s protocol, meaning users must update their node software accordingly.

At the meeting, developers stated that the hard fork is targeted for March 2023. Additionally, they noted that tackling the issue of staked ethereum withdrawals would be taken into consideration. As of December 9, the Beacon Chain contract holds 15,597.175 ETH, which is equivalent to roughly 19.88 billion USD based on current ETH exchange rates.

ETH has been locked in the US for a while now, and a contract will be required to access the funds. Ethereum Core developer Tim Beiko agreed that withdrawals should be done quickly, saying, “This is clearly the top priority for everyone.” Beiko added that the general consensus was for a target launch around March.

Additionally, developers also discussed ways to enhance Ethereum’s performance. To that end, Ethereum Software developers filed an Ethereum Improvement Proposal (EIP) 4844. This EIP covers concepts such as proto-darksharding and Fragment blob transactions. Both of these involve a new type of transaction that accepts ‘blobs’ of data to be held on the beacon node temporarily.

What are your thoughts on the most recent Ethereum Core Developer meeting and the talks of Shanghai Hard Fork taking place in March 2023? Please let us know what your opinion is in the comments below.

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Jamie Redman Is the news lead at Bitcoin.com News And a fintech journalist living abroad Florida. Redman Since 2011, has been an active part of the cryptocurrency community He Passionate about BitcoinOpen source code and decentralized applications. Since September 2015, Redman More than 6,000 articles have been written by him. Bitcoin.com News Learn more about the disruptive protocols that are emerging today.