Ethereum "shapella" upgrade will let more easily access to holders

Ethereum upcoming upgrade creating so much hype as always .

Ethereum has cross his 9- months high price in this week , ahead of a major network upgrade the most the crypto enthusiasts claim that will make the digital currency a more profitable long term investments.

Ethereum is up about 6% over the past three days, crossing the all time high of this year $ 1900 , whereas bitcoin is roughly flat at their bottom.

What is "shapella" upgrade?

Starting from next week, an upgrade to the blockchain, dubbed "shapella" will allow users or owners of ether to withdraw their assets. But how that's gonna help the investors because every transaction need withdrawal and it's already there. Up to the point that all the owners and investors have to use centralized exchange like coinbase Or decentralized finance (DeFi) protocols like lido , to exchange their locked up ether for equivalent value of token in the market.

Ethereum also has vast ecosystem of miners running highly specialized computers that do highly complicated maths to validate transaction. But after the Merge upgrade last year , Ethereum switched to a proof - of - stake system that dont need lots of computer library. validators leverage their existing cache of ether as a means to verify transactions and mint new tokens.

Also about $32.5 billion are staked meaning that 15% of ether's total supply are considered locked assets. Having the ability of deposit and withdrawal promote more investors to invest in Ethereum.

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