Key Points:
This upgrade follows The Merge and allows validators to withdraw staked Ethereum from the beacon chain to the execution layer, while introducing new features to the execution layer and consensus layer (combined) and tool API changes. Zhejiang test network can be used to test Shapella functionality before upgrading Sepolia.
The second network to receive the upgrade is Sepolia, a closed test network accessible only to Ethereum engineers. The Zhejiang testnet successfully simulated the withdrawal of its own staked ETH earlier this week. The main Ethereum blockchain is anticipated to experience the Shanghai hard fork next month after one more test network has been set up for the upgrade.
Developers running validators on the network are not intended to use the Sepolia Test Network. In contrast, Zhejiang is a public testnet, making it accessible to anyone who wants to experiment issuing staking ETH, including staking providers.
The last testnet to undergo the Shanghai update is Goerli, which will happen once Sepolia has gone through its own round of testing. The most anticipated test will be Goerli since it is the biggest public Ethereum testnet and represents staking providers’ last opportunity to confirm that staking ETH withdrawals function before Shanghai goes live on the main network.
According to Barnabas Busa, a DevOps engineer at the Ethereum Foundation, “the number of visitors participating and the network traffic” determine how the three tests differ from one another.
This will be Ethereum’s first hard fork since Consolidation, which replaced its outdated, energy-intensive proof-of-work (PoW) architecture with a proof-of-stake (PoS) consensus, took place in September. In accordance with PoS, ETH is “secured” on the blockchain as a method to support transaction validation and security.
According to previous news, on February 7, Zhejiang, Ethereum’s first public withdrawal test network, successfully simulated the Shanghai upgrade. Earlier, the developer stated that after upgrading the Sepolia testnet, they plan to release the Shanghai upgrade on the Ethereum Goerli testnet in late February or early March. change successfully, it will switch to main network.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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