• Ethereum developers are referring to the upcoming hard fork as „Shapella“
• The upgrade is split between the execution and consensus layer, and referred to as Shanghai and Capella respectively
• Developers are merging the two names together to create „Shapella“
What Is Shapella?
Shapella is a clever way of referring to the upcoming hard fork of Ethereum. This upgrade is split between two layers, known as the execution layer (Shanghai) and consensus layer (Capella). By combining these two names, Ethereum developers have created the term ‘Shapella’.
What Are Execution and Consensus Layers?
Before Shapella, Ethereum underwent its last upgrade called Merge. This involved transitioning from a proof-of-work blockchain to a proof-of-stake chain. The proof-of-work chain was known as the execution layer while the proof-of-stake chain was known as the consensus layer. By merging these two chains together, developers created what we now know as Shapella.
When Will Shapella Happen?
The Shapella hard fork is expected by next month and will involve both Shanghai on the execution side, and Capella on the consensus side of Ethereum. It’s important for Ethereum users to stay informed about this upcoming update so they can prepare in advance for any changes it may bring.
What Does Shapella Mean For Crypto Traders?
Shapella will be an important event for crypto traders because it could lead to changes in price movements or trading strategies going forward. As such, traders should keep an eye out for updates regarding this hard fork so they can stay ahead of any new opportunities or challenges that may arise once Shapella goes live next month.
In conclusion, Shapealla is an important upcoming hard fork of Ethereum which involves both Shanghai on the execution side, and Capella on the consensus side. This could mean big changes for crypto traders so they should make sure they stay up to date with all updates concerning this event before it goes live next month