Ethereum (ETH) Shapella Upgrade Will Take Place on February 28.

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TON blockchain freezes $2.6 billion in tokens; The Ethereum (ETH) Shapella upgrade will take place on February 28; Google Cloud partners with Tezos blockchain to develop Web3 tech.

TON blockchain freezes $2.6 billion in tokens

According to the results of a community vote held on February 22, users and validators of The Open Network (TON), the layer-1 blockchain created by Telegram, voted to have their wallets suspended for four years if miners are inactive. 1,081,389,416 Toncoins (TON) suspended by community votes. This amount is worth approximately $2.58 billion at the time of writing and represents 20% of TON tokens.

Beginning on February 21, 2023, the validator voting concluded after the first two rounds without the need for a third. The TON Foundation requested miners to perform a transaction on the TON blockchain on December 17, 2022. Following this announcement, 24 active transactions were made from 195 inactive addresses. The remaining 171 addresses were suspended for four years as a result of voting.

The distribution of TON first started in July 2020 with the activation of the mining application that everyone can join. The developers stated that suspending deactivated wallets will provide more clarity regarding the volume of TON in circulation.

The Ethereum (ETH) Shapella upgrade will take place on February 28.

Ethereum core developer Tim Beiko has announced that the Shapella (Shangai/Capella) upgrade will take place on February 28. The Shapella upgrade is expected to be activated on the Sepolia network at round 56832.

As it is known, Shanghai and Capella are the names of the upcoming Ethereum hard fork. Shanghai is the fork side of the app client. Capella is the name of the consensus layer client-side upgrade.

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However, some of the key Ethereum improvement offerings (EIP) changes at the application layer include Warm Coinbase and Beacon chain push withdrawals. Push withdrawals are expected to result in validator withdrawals from the token chain to the EVM via a new system-level transaction type.

It’s also worth mentioning that Coinbase is the name of the software that developers use to get new tokens on the network. However, with the launch of EIP-3651, Coinbase software will remain hot at first, thus requiring lower gas fees to access it.

However, the upcoming upgrade is expected to enable validators to withdraw their staked Ethereuem (ETH) from the Beacon Chain to the application layer. Moreover, it is thought that the upgrade will bring changes by adding new features in the application and consensus layer, making it a significant upgrade after Ethereum Merge.

Google Cloud partners with Tezos blockchain to develop Web3

Tech giants’ interest in blockchain and Web3 projects is growing. The infrastructure provided by large companies accelerates the participation of new companies in the sector. After Microsoft, a unique collaboration statement came from Google. Google Cloud announced that they will work with Tezos in the Web3 space.

Collaboration Between Google and Tezos

Google Cloud announced that it is collaborating with Tezos. Google Cloud’s enterprise customers will use the Tezos network to build Web3 applications. Google customers will use Tezos to authenticate and store Web3 applications on the network. Startups supported by Tezos will also benefit from Google Cloud services. The statement by Google Cloud stated that they provide secure infrastructure services for Web3 application developers.

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It was reported that Google Cloud will provide node service to Axie Infinity’s Ronin network in September. The company launched the blockchain node engine for Ethereum projects in October and became a validator on Solana in November. Google Cloud previously disclosed that the company is aligned with certain security risks in the crypto-asset industry. Microsoft has partnered with Web3 infrastructure provider Ankr to provide a node service for businesses that need blockchain data access.