{"id":19797,"date":"2023-04-13T05:03:02","date_gmt":"2023-04-13T05:03:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereums-shapella-hard-fork-brings-historic-milestone-for-community\/"},"modified":"2023-04-13T05:03:02","modified_gmt":"2023-04-13T05:03:02","slug":"ethereums-shapella-hard-fork-brings-historic-milestone-for-community","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereums-shapella-hard-fork-brings-historic-milestone-for-community\/","title":{"rendered":"Ethereum&#8217;s Shapella Hard Fork Brings Historic Milestone for Community"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The finalization of Ethereum\u2019s Shanghai hard fork, known as \u201cShapella,\u201d has enabled users who have \u201cstaked\u201d their ether (<a href=\"https:\/\/igaming.org\/cryptocurrencies\/ethereum-alternative-coin\/\" target=\"_blank\" rel=\"noopener\">ETH<\/a>) to withdraw their cryptocurrency, which is used to secure and validate transactions on the blockchain. The hard fork was triggered at 22:27 UTC and completed at 22:42 UTC, with about 285 withdrawals totaling approximately 5,413 ETH ($10 million worth) processed in epoch 194,408, according to online data.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Welcome Bonus &#8211; 125% bonus on your first deposit up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>This long-awaited hard fork marks a historic milestone for the Ethereum community, completing the network\u2019s multi-year transition to a full proof-of-stake system. In a proof-of-stake system, users \u201cstake\u201d their cryptocurrency as a form of guarantee to help secure and confirm new data blocks. Until now, users were unable to withdraw their staked ether or redeem rewards, which was a crucial feature of the new paradigm. Ethereum\u2019s original proof-of-work consensus mechanism, which is also used by <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>, was left behind last year.<\/p>\n<p>The price of ETH remained mostly stable when the Shanghai hard fork was triggered, and about 4,000 people tuned into the Shapella Mainnet Watch Party hosted by Ethereum Cat Herders. At the livestream, Vitalik Buterin, the co-founder of the Ethereum blockchain, stated that \u201cwe\u2019re in a stage where the hardest and fastest parts of the Ethereum protocol\u2019s transition are basically over. Very significant things still need to be done, but those very significant things can be safely done at a slower pace.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 100% + 100 Free Spins!<\/strong> <\/p>\n<p>New players only. Welcome Bonus &#8211; 100% bonus on your first deposit up to 5 BTC <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/ethereums-shapella-hard-fork-brings-historic-milestone-for-community\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The finalization of Ethereum\u2019s Shanghai hard fork, known as \u201cShapella,\u201d has enabled users who have \u201cstaked\u201d their ether (ETH) to withdraw their cryptocurrency, which is used to secure and validate transactions on the blockchain. The hard fork was triggered at 22:27 UTC and completed at 22:42 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19797"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19797"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19798"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}