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‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork

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Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12.

Ethereum validators will soon be able to withdraw their Ether (ETH) from the Beacon Chain, with the Shapella hard fork set to be activated on the Ethereum mainnet on April 12.

Shapella will take effect at epoch 194,048, which is scheduled for 10:27 pm UTC on April 12, Ethereum core developers confirmed.

The withdrawals will be enabled by Ethereum Improvement Proposal EIP-4895 by “pushing” staked Ether from the Beacon Chain to the Ethereum Virtual Machine (EVM), otherwise known as the execution layer.

It's happening

Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023

Client releases compatible with the upgrade are listed in the announcement below https://t.co/I0hSv9lnjz

— timbeiko.eth ☀️ (@TimBeiko) March 28, 2023

The epoch, slot, and time were confirmed following a week-long deliberation between members of the Ethereum Foundation, which was led by Ethereum core developer Tim Beiko.

7fdd61a2-d18c-4cb5-ad95-6cb2a2f49b23.jpgTim Beiko suggested three epoch, slot and time combinations to members of EF two weeks ago. Source: Ethereum.org

While the hard fork will allow for partial and full withdrawals, several mechanisms are set in place to ensure a flood of Ether supply doesn’t disrupt the market.

There are now 17.81 million Ether staked on the Beacon Chain. At a current price of $1,776, which means $31.6 billion can be incrementally unlocked over time.

d4504327-dc36-4100-a506-64db8bc058f1.jpgStaked Ether added to the Beacon Chain since it launched in December, 2020. Source: Beaconcha.in.

While the Ethereum Foundation described the last testnet run on Goerli as “smooth,” there was a notable delay in activation time due to many validators not updating their client software.

However, Beiko is confident it won’t be an issue this time, as Ethereum validators will be economically incentivized to make the update for the Mainnet.

Ethereum’s key hard forks

Because of EIP-4895, Shapella is considered the most significant hard fork on Ethereum since Paris (The Merge) changed the network consensus mechanism from proof-of-work to proof-of-stake on Sept 15.

Prior to that, London introduced EIP-1559 in August, 2021, which introduced a base fee that users must pay instead of the old price auction method. While the validators still receive a block reward and tip, the base fee is burned, which is intended to make Ether deflationary over time.

Related: Ethereum’s Shapella transition is “on the horizon”

Berlin optimized gas costs for some EVM actions in April 2021, while Beacon Chain Genesis marked the first block that was produced on the proof-of-stake chain on Dec. 1, 2020.

Finally in December 2019, Istanbul served to improve denial-of-service attack resilience and make layer-2 scaling solutions based on SNARKs and STARKs more performant.

If you want to watch as the upgrade happens, you can join @ethStaker, @EthCatHerders, myself and others during the Shapella watch party here https://t.co/ZHWQfMemZc

— timbeiko.eth ☀️ (@TimBeiko) March 28, 2023

The Ethereum Foundation also announced last week that it doubled rewards for any bugs found in the Shapella code. Successful bounties may receive a reward anywhere between $2,000 and $250,000, depending on how “critical” the bug is.

Magazine: Crypto Twitter Hall of Flame: Lark Davis on fighting social media storms, and why he’s an ETH bull: Hall of Flame

Source

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  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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