Ethereum’s Shanghai Upgrade Pushed to Early April: Get Ready for ETH Staking Rewards!


  • The Ethereum core developers have agreed to push the Shanghai/Capella upgrade for early April.
  • The Sepolia testnet was successfully tested last Tuesday, February 28.
  • The Goerli test is slated for March 14, 2023 and the mainnet launch date will be announced in an ACDE call on March 16.

Ethereum’s Shanghai Upgrade Pushed To Early April

Ethereum’s core developers have recently agreed to push the much-anticipated „Shapella“ or Shanghai/Capella upgrade to early April. This upgrade, part of Ethereum’s transition from a proof-of-work (PoW) to a proof-of-stake (PoS) mechanism, was originally slated for the end of March.

Testnets Successful

Project lead Tim Beiko has also announced the success of the Shanghai upgrade on the testnet Sepolia tested last Tuesday, February 28. The Sepolia testnet is a network with limited functions that only allowed for the operation of validator nodes. The next step is to deploy the upgrade on the Goerli testnet, a test network allowing for more varied functions such as testing smart contracts and decentralized applications. The Goerli test is slated for March 14th and Beiko has announced another All Core Developers Execution (ACDE) call on March 16th where they would most likely set a definite mainnet launch date assuming all goes well.

Benefits Of Upgrade

Once deployed, this long awaited update will allow validators to finally withdraw their staked Ethers (ETH). It will also bring about faster transaction speeds and lower gas fees. With decreased volatility due to ETH staking, liquidity staking platforms are expected to benefit greatly from this update.


This article is provided solely for informational purposes only and should not be taken as legal, tax investment or financial advice in any form.