Shanghai Upgrade: Will It Impact Ethereum's Price?
TL;DR
The upcoming Shanghai hard fork of Ethereum is unlikely to have a significant impact on the price of ether, according to Ether Capital CEO Brian Mosoff. The upgrade will allow users to withdraw the ether they have staked, but Mosoff believes that this will not lead to a rush to liquidate. Instead, he expects to see more ETH locked into staking, which could attract traditional finance investors looking to earn yield on their investments. The upgrade is the final step towards implementing Ethereum's proof-of-stake consensus mechanism.
Topics:businesscryptocurrency#cryptocurrency#ethereum#proof-of-stake#shanghai-hard-fork#staking#traditional-finance
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- Ethereum's (ETH) Shanghai Upgrade Comes With Added Market Risk - Bloomberg Bloomberg
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