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Ethereum Shanghai Upgrade Goes Live, Unlocking $34 Billion in Staked ETH - Decrypt thumbnail
Ethereum Shanghai Upgrade Goes Live, Unlocking $34 Billion in Staked ETH - Decrypt
decrypt.co
Ethereum Shanghai Upgrade Goes Live, Unlocking $34 Billion in Staked ETH
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Summary

The Ethereum Shanghai upgrade has gone live, unlocking $34 billion worth of staked ETH. The upgrade, also known as EIP-1559, aims to improve the network's transaction fees and reduce the supply of ETH. It introduces a new fee structure that burns a portion of the transaction fees, reducing the overall supply of ETH and potentially increasing its value. The upgrade also includes changes to the block size and gas limit, which should improve the network's scalability and reduce congestion. The Ethereum community has been eagerly anticipating the upgrade, which is seen as a major step towards Ethereum 2.0.

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  • Ethereum Shanghai Upgrade Goes Live, Unlocking $34 Billion in Staked ETH

Domain

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