The Shanghai Upgrade is an upcoming hard fork in the Ethereum protocol that introduces several enhancements to the network. This concise analysis highlights the benefits and potential pitfalls for the Ethereum community.
Overall, the Shanghai Upgrades improve liquidity, lower fees and remove some of the development barriers do seem to offer many net benefits to the community, and although there are potential short-term drawbacks, the long-term outlook for the ETH community looks pretty positive.
The previous milestones have all been met, including the Pre-Shanghai testnet in October 2022, and upgraded Sepolia and Goerli testnets going live in February and March 2023 respectively.
The live date for the Shanghai upgrade is likely to be April 12, occurring at epoch number 620,9536. This was announced during the All Core Developers Execution Layer #157 call on 16 March 2023.
Bumper is a new deFi protocol which aims to protect the value of your crypto in the event of downside volatility, but without sacrificing exposure to upside gains.
Volatility is both a feature and a bug in crypto markets, allowing the market to make some huge price swings.
The protocol allows users to protect their tokens from sudden or protracted price drops, and is designed to be a more price efficient risk management solution for traders, investors and hodlers.
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