Developers at the Ethereum foundation decided on eight Ethereum Improvement Proposals (EIP) to explore for the Shanghai update, the next major upgrade after the Merge and its move to proof-of-stake (PoS) consensus, announced the Ethereum Foundation on Nov. 24.
On a weekly call, developers decided what features should be included in the next hard fork, which will be released in the second half of 2023.
A previous timeline anticipated locked ETH to be accessible 6-12 months after the Merge.
Among the approved proposals is the EIP 4844, which focuses on leveraging proto-danksharding technology, and is expected to boost network throughput and slash transaction fees, a significant improvement for scalability.
Other EIPs address the upgrade of Ethereum Virtual Machine (EVM), including EIP 3540, EIP 3670, EIP 4200, EIP 4570 and EIP 5450.
Source: Cointelegraph
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