The Ethereum Foundation Announces the Activation of Shapella Network Upgrade on Sepolia Network
On February 22, the Ethereum Foundation published a blog saying that the Shapella network upgrade will be activated on Sepolia network at block height of 56832…
On February 22, the Ethereum Foundation published a blog saying that the Shapella network upgrade will be activated on Sepolia network at block height of 56832, about 12:04:48 Beijing time on February 28, 2023.
Ethereum Shapella network upgrade will be activated on Sepolia network on February 28
Interpretation of the news:
The Ethereum Foundation, the organization behind the world’s second-largest cryptocurrency by market capitalization, has announced the activation of the Shapella network upgrade on the Sepolia network. The announcement was made on February 22, 2022, through a blog post on the Ethereum Foundation website.
According to the blog post, the Shapella network upgrade will be activated on Sepolia network at block height of 56832, which is expected to occur on February 28, 2023, at approximately 12:04:48 Beijing time. This upgrade is part of Ethereum’s ongoing efforts to improve the scalability, security, and performance of the network.
The Shapella network upgrade is designed to enhance the functionality and efficiency of the Ethereum network by introducing several key features. For instance, it will enable smart contract developers to create more complex and feature-rich applications by improving the gas fees associated with smart contract execution. Additionally, the upgrade will introduce new features aimed at improving the security and privacy of the network.
The announcement of the Shapella network upgrade is significant for the Ethereum community as it highlights the importance of continuous improvement to maintain the network’s competitiveness in the fast-evolving blockchain industry. The Ethereum Foundation has been working on several other upgrades to improve the Ethereum network, including the upcoming London hard fork, which is set to activate in July 2022.
The announcement also reveals the importance of block height to the Ethereum network upgrade process. Block height refers to the block number at which a particular upgrade is scheduled to activate on the network. It is a crucial metric that serves as a reference point for blockchain developers and users.
In conclusion, the Ethereum Foundation’s announcement of the activation of the Shapella network upgrade on the Sepolia network next year is a significant development for the Ethereum community. Keywords that adequately capture the essence of this message include the Ethereum Foundation, Shapella network upgrade, Sepolia network, block height, and Beijing time. This upgrade, alongside others, is a testament to the continuous improvement ethos of the Ethereum Foundation and the blockchain industry as a whole.
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