What is the Ethereum Shanghai upgrade?

The Ethereum Shanghai Upgrade is the biggest Ethereum upgrade since The Merge. You will finally be able to unstake ETH and withdraw ETH rewards from the Beacon Chain. Refresher: The Merge was the first part of Ethereum's switch from proof-of-work to proof-of-stake.

What's new in the Shanghai upgrade?

The Shanghai Upgrade also includes a few minor improvements: EIP-3855: the "Push0" code lowers gas costs for developers. EIP-3860: caps the gas costs for developers when they interact with ‘initcode’ (a code used by developers for smart contracts).

Will Shanghai's hard-forking upgrade affect ETH price?

Shanghai is a hard-forking upgrade to Ethereum that will complete the network's transition from proof-of-work (PoW) to proof-of-stake (PoS). Investors are worried the ability to withdraw staked ETH could have a negative impact on the price over the short term.

Does the Shanghai upgrade include eip-4844?

Notably, however, the Shanghai Upgrade does not include EIP-4844, which would allow for the scaling of the Ethereum blockchain through ‘sharding’. For reference, sharding is a scalability solution that divides the whole network of a blockchain into multiple smaller networks, called shards.