Ethereum’s Shanghai Upgrade goes live

Ethereum, the second-largest cryptocurrency by market capitalization, has completed its long-awaited proof-of-stake upgrade — as you’ve likely heard about in the news.

This upgrade to the Ethereum blockchain brings with it several critical Ethereum Improvement Proposals (EIPs) that address important issues like reducing gas fees.

What is the Shanghai Fork?

The Shanghai fork, also known as the “Shapella” fork, is an upgrade to the Ethereum blockchain that implemented EIP-4895. This proposal allows…