Ethereum Devs Set to Upgrade Network for Pledged ETH Withdrawals

Ethereum Devs Set to Upgrade Network for Pledged ETH Withdrawals

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.

Core developer of Ethereum: The target date for upgrading the main website of Ethereum in Shanghai is April 12

Analysis based on this information:


In a recent conference call, the core developers of Ethereum have confirmed that they are set to upgrade the network to enable pledged ETH withdrawals. The upgrade is expected to happen on April 12 in Shanghai and the date will not be changed until confirmed by the developers on GitHub.

This latest development is great news for Ethereum investors who have been eagerly waiting for a solution to withdraw their pledged ETH. Pledged ETH refers to the ETH that was locked up in smart contracts during the ICO boom in 2017. These contracts were designed to prevent investors from selling their tokens immediately after the ICO and to ensure a steady supply of liquidity for the project.

However, many of these projects failed to deliver on their promises and the tokens became worthless, leaving investors with no means of withdrawing their pledged ETH. This problem has been a thorn in the side of the Ethereum community for years, and the upcoming network upgrade is expected to finally provide a solution.

The upgrade will likely involve changes to Ethereum’s smart contract code, which will allow for the unlocking and withdrawal of pledged ETH. This will be a major relief for investors who have been waiting for years to access their funds. It will also be a positive development for the Ethereum ecosystem as a whole, as it will restore investor trust in the platform and encourage more investments in the future.

In conclusion, the upcoming Ethereum network upgrade is a significant milestone for the ecosystem. It will enable pledged ETH withdrawals, which have been a long-standing issue for Ethereum investors. The upgrade is a promising development that will improve the functionality and usability of the Ethereum network. As we await the confirmed date on GitHub, the Ethereum community can look forward to a brighter future with more accessible and transparent investments.

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