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Ethereum: a new era begins. All is well for Shapella

Ethereum: a new era begins. All is well for Shapella
Breaking Crypto News Flash: Ethereum: a new era begins. All is well for Shapella

Shapella appeared in the mainnet. An epochal but painless transition for Ethereum. What's changing for the ecosystem.
That's it: Shapella has been activated in the Ethereum mainnet, and a new era has begun for the ecosystem of the second largest cryptocurrency by market capitalization. It is already possible to apply for withdrawal of both the rewards received as a result of bets and the entire amount of $ETH deposited into the system.
The move has raised unfounded fears, especially among less experienced investors and speculators, fears driven by the fear that large amounts of $ETH will flood the market to be sold.
If you look at the data from the first hours after Shapella's activation, it turned out not to be like that at all, and everything, in terms of price and even bets, continues to run its course, almost as if nothing had happened.

A new era begins for Ethereum


With the activation of the updates that are being collected under the name Shapella, we have officially entered a new era for Ethereum, a new era that completes what began with the merger and turns the Ethereum ecosystem into a full Proof of Stake, which now also includes the ability to withdraw what was offered for stakes.

The price has remained unchanged or nearly unchanged


For the first few hours after activation, withdrawals were minimal and in any case had little impact, both compared to the amount of Ethereum in circulation and compared to the volumes typically seen for ETH on the major trading floors.

Streamlined transition


There were no problems with the transition, which has already been thoroughly tested in various test networks of the Ethereum world. There have been no technical problems, which for many has been another boost of confidence in the system.
The transition will also be smooth, as there is still a queue for withdrawals, no matter how many people wish to withdraw. The number of withdrawals that can be specified in a single block is limited, and this will further dilute transactions that already seem to be in low demand by users and investors.

What will change for Ethereum?


This move completes a technically difficult phase that many thought impossible, and marks a new era for Ethereum, which can now claim to be a fully Proof of Stake protocol.
Important Notice: The material provided is for informational purposes only and does not constitute investment advice. The Rao Cash editorial team is not responsible for your financial decisions. Cryptocurrency assets involve high risks — conduct your own research (DYOR).

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