Ethereum Upgrade: Is Shanghai Delayed?

By March, the Ethereum upgrade was supposed to guarantee staking reward payouts.

By March, the Ethereum upgrade was supposed to guarantee staking reward payments. Too early, say some developers.

With the news of the launch of the testnet for the upcoming Ethereum upgrade, community enthusiasm rose. According to this report, "Shanghai" would be live in March — meaning payouts would already be happening. However, some of the Ethereum blockchain's top developers have now voiced their concerns. They say the upgrade is scheduled too early, which could come at the expense of technical quality. In the recent online developers' meeting, they warned of potential consequences down the road. Today's developments could impact Ethereum's long-term health tomorrow, as Micah Zoltu warned.

The community was caving to pressure too much

Others complained that the community after the merge gave in too much to public pressure. They didn't want investors to wait as long as for the network's biggest update yet, which took five years.

Despite all concerns, the developers' meeting ended with an overwhelming majority for an earlier rollout of the update in March, including a earlier launch of the update in March.

The time-consuming technical developments the core developers have been asking for are thus dropped. The consequences of this are still unknown, as developer Matt Nelson told Decrypt in an interview: the story.