The Shanghai Hard Fork— Upgrade which is scheduled to happen in March, 2023 unlocks staked ETHEREUM. Since 2020, 15.9 million $ETH has been blocked. This is $20.1 billion or 13.2% of all Ether’s Cryptocurrency in circulation. On Jan. 11, 2023, Ethereum developers launched a new testing network for the Shanghai upgrade.
The developer’s new testing environment is called “devnet 2” as it follows “devnet 1” released in Nov. 2022. The new testnet was discussed briefly during the All Core Devs (ACD) meeting held on Jan. 5, 2023.
Beaconscan.com indicates that as of Jan. 15, 2023, roughly 501,215 validators were recorded on the Ethereum blockchain. On the same day last year, there were approximately 282,249 $ETH validators, which means the count has increased by 77.58% over the last 12 months. On the day of The Merge, there were 428,438 validators, and today the number is 16.99% higher.
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