Ethereum Stakers to Access Rewards Soon: Shanghai Update Imminent

• Ethereum developers are divided on the timing of the Shanghai update, which will enable stakers to access their rewards.
• The update could be live within the next two months, but some core developers worry that the upgrades are causing technical expenses that could have huge ramifications on the network in the long term.
• Most Ethereum developers aren’t willing to wait a few weeks to implement the SSZ tweak because of their bad experience before the Merge upgrade.

The Ethereum network is quickly preparing for its next update after the successful switch to a proof-of-stake (PoS) network, known as the Merge upgrade. This update is called the Shanghai update and it aims to reward Ethereum users who are participating in the network’s staking program. Through the upgrade, a fusion between the Ethereum mainnet and the beacon chain was created, enabling users to stake their ETH to earn rewards but not yet able to withdraw their earnings.

The upcoming Shanghai update will allow for stakers to access their rewards and their initial ETH deposits. However, there is disagreement among the network’s core developers regarding the timing of the upgrade implementation. Some developers feel that the upgrades are being released too quickly, thus causing technical expenses that could have huge ramifications on the network in the future.

It was on Thursday when one of the core developers, Micah Zoltu, remarked, “It seems we are not concerned about the future wellbeing of this network,
which could have long-term ramifications for the network and its users.” He continued, “We should be taking the time to ensure that the upgrades are implemented correctly and properly tested before being released.”

Meanwhile, other Ethereum developers are reluctant to wait a few weeks to implement the SSZ tweak due to their bad experience with the Merge upgrade. This has led to a split between developers who are concerned with the future of the network and those who want to implement the upgrade sooner.

Overall, the Shanghai update could be live within the next two months, which will enable stakers to access their rewards and their initial ETH deposits. It is yet to be seen how the network’s core developers will resolve their disagreement over the timing of the upgrade implementation. Ultimately, the crypto community’s focus remains on the Ethereum network as it continues its preparation for the Shanghai update.

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