Ethereum core developers have opted to prioritize the enabling of staking withdrawals via the Shanghai upgrade first before implementing The Surge-related Ethereum Improvement Proposal (EIP)-4884.
As reported by Cointelegraph, the next key milestone on Ethereum’s roadmap is the Shanghai upgrade, which will enable withdrawals for ETH stakers/validators from the Beacon Chain — among other things.
While EIP-4844 won’t be included, the devs have agreed to include a set of EIPs that essentially upgrade the Ethereum Virtual Machine (EVM), including introducing a new EVM contract format, code/data separations and new operation codes.
Not to be confused with the name of the crypto exchange, Coinbase, in this context, refers to the name of the software that builders use to receive new tokens on the network.
Every new transaction on the platform needs to interact with the Coinbase software multiple times.
With the improved data storage capabilities, this will essentially enable layer-2 solutions to offer much lower transaction fees.
Source: Cointelegraph