Core developer of Ethereum: The target date for upgrading the main website of Ethereum in Shanghai is April 12
It is reported that the core developers of Ethereum confirmed in a conference call that they will upgrade to the main Ethereum network in Shanghai on April 12. The upgrade will enable pledged ETH withdrawals. The date will be fixed and will not be changed until confirmed by the developers on GitHub.
Interpretation of this information:
The message refers to an upcoming upgrade of the main Ethereum network, which is set to take place on April 12, 2021, in Shanghai. This upgrade has been confirmed by the core developers of the Ethereum platform, who held a conference call to discuss the matter. The primary purpose of this upgrade is to enable pledged ETH withdrawals.
Pledged ETH is a term used to describe the collateral required to participate in some Ethereum-based decentralized finance (DeFi) applications. Users of these applications are required to pledge a certain amount of ETH in order to access the platform’s features. However, until now, there has been no way to withdraw this pledged ETH, which has been a major issue for users.
The upcoming upgrade will address this issue by enabling pledged ETH withdrawals. This will provide a much-needed solution for DeFi users, who have been struggling to access their pledged ETH for some time. Furthermore, the upgrade date has been fixed, and it will not be changed until confirmed by the developers on GitHub.
In summary, the core developers of Ethereum have confirmed an upcoming upgrade to the main Ethereum network in Shanghai, set to take place on April 12, 2021. The upgrade will enable pledged ETH withdrawals, which will provide a solution for DeFi users who have been struggling to access their pledged ETH. Finally, the date for the upgrade is fixed and will not be changed until confirmed by the developers on GitHub.
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