Ethereum Shanghai Upgrade Scheduled To Take Place On April 12: All You Need To Know

The Ethereum blockchain is expected to witness the Shanghai Upgrade on April 12 at 19.27 Eastern time. (Image: Getty)

The Shanghai Upgrade is largely considered to be one of the most significant events for the ETH community since the Merge. (Image: Getty)

Last year, the Merge took place as the Ethereum blockchain successfully made its transition from the proof-of-work (PoW) to proof-of-stake (PoS). (Image: Getty)

One of the most significant changes of the Merge was a drastic fall in the consumption of power. (Image: Getty)

The Ethereum Shanghai upgrade, also known as 'Ethereum Shanghai Fork', is a series of changes and upgrades in the Ethereum blockchain network. (Image: Getty)

The upgrade will help unlock staked Ethereum to facilitate withdrawals. It is a big relief for the Ethereum community as the stakes can be unlocked after two years. (Image: Getty)

Shanghai Upgrade will increase the transaction speed and fees might get reduced. The changes could lead to better performance and flexible staking for the stakeholders. (Image: Getty)