• Latest
  • Trending
  • All
Ethereum Testnet Sepolia Successfully Conducts Rehearsal of Shanghai Hardfork

Ethereum Testnet Sepolia Successfully Conducts Rehearsal of Shanghai Hardfork

March 13, 2023
Crypto Mining and Cannabis To Blame? – CryptoMode

Crypto Mining and Cannabis To Blame? – CryptoMode

September 30, 2023
AI forecasts Dogecoin price for the end of 2023

AI forecasts Dogecoin price for the end of 2023

September 30, 2023
Ethereum Clients More Diversified Than Bitcoin, Is This Good?

Ethereum Clients More Diversified Than Bitcoin, Is This Good?

September 30, 2023
Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming.

Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming.

September 30, 2023
Yield Guild Games (YGG) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Saturday: What’s Next?

Yield Guild Games (YGG) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Saturday: What’s Next?

September 30, 2023
Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

September 30, 2023
Why Is Bitcoin Price Up Today? Insights From Leading Analysts

Why Is Bitcoin Price Up Today? Insights From Leading Analysts

September 30, 2023
IBM Cloud inactive identities: Ideas for automated processing

IBM Cloud inactive identities: Ideas for automated processing

September 30, 2023
Do Kwon dismisses Slack chat records as irrelevant evidence

Do Kwon dismisses Slack chat records as irrelevant evidence

September 30, 2023
Dogecoin experiences numb volatility as attention shifts to thriving Shiba Memu

Dogecoin experiences numb volatility as attention shifts to thriving Shiba Memu

September 30, 2023
The Burden of Proof(s): Code Merkleization

The 1.x Files: GHOST in the Stack Machine

September 30, 2023
Cryptocurrency Price Today: Bitcoin Remains Above $26, 000 Mark As Gala Becomes Top Gainer

Cryptocurrency Price Today: Bitcoin Remains Above $26, 000 Mark As Gala Becomes Top Gainer

September 30, 2023
Saturday, September 30, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Ethereum

Ethereum Testnet Sepolia Successfully Conducts Rehearsal of Shanghai Hardfork

by Cuevas Antonio
March 13, 2023
in Ethereum
0
Ethereum Testnet Sepolia Successfully Conducts Rehearsal of Shanghai Hardfork
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


The developers will now conduct the Shanghai upgrade on the Goerli testnet in the coming weeks. This will be the final dress rehearsal before implementing the upgrade on the Ethereum mainnet.

As the Ethereum Shanghai upgrade comes closers, Ethereum developers are seeing successful results by conducting a rehearsal on the Ethereum test network Sepolia. As per the details, Sepolia successfully replicated the withdrawals for staked Ether (ETH) today.

Sepolia as Rehearsal of Ethereum Shanghai Hardfork

The upgrade was triggered earlier today at epoch 56832 at 4:04 UTC and finalized at 4:17 UTC (11:17 p.m. ET). Also, the Shapella upgrade which represents the combination of Shanghai and Capella hardforks has been successfully implemented on the testnet.

Shanghai is the hard fork’s name on the execution layer client side. Similarly, Capella is the upgrade name taking place on the consensus layer client side. One of the major changes with the upgrade is that it allows validators to withdraw their staked ETH (stETH) from the Beacon Chain to the execution layer. This is the first time that Ethereum will be unlocking user withdrawals since it started staking back in 2020.

Each validator has staked a minimum of 32 ETH as per the threshold set by Ethereum. Thus, they can now withdraw 32 or more ETH. Users can choose to either withdraw the staking yield and continue validation with 32 ETH, or fully withdraw taking away 32 ETH plus rewards and cease validating.

Next Testing on Goerli Testnet

Before the Shanghai upgrade goes live on the Ethereum mainnet, developers need to taste the similar success of the implementation on the Goerli testnet. The test on Sepolia has been designed to provide developers with another dress rehearsal of withdrawals. This gives them the idea of the exact thing that they need to replicate on the Ethereum mainnet.

Testnets copy the main blockchain which is Ethereum in this case. It allows developers to test any changes to their applications in a low-stakes environment. Sepolia is the second of the three testnets for running such a simulation. The recent upgrade took place on a closed testnet, unlike the previous one that happened earlier this month in Zhejiang. In terms of the number of validators participating in it, Sepolia is the smallest of the three testnets.

In the coming weeks, the final test upgrade will happen on the Goerli testnet which will be much more important. This would be the final dress rehearsal before implementing the Shanghai upgrade on the Ethereum mainnet.

Ethereum (ETH) is currently hovering around the $1,630 level with its market cap just under $200 billion. Some market analysts are skeptical that the unlocking of staked Ether (ETH) can put further pressure on the ETH price.

next

Altcoin News, Blockchain News, Cryptocurrency news, Ethereum News, News

Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Thank you!

You have successfully joined our subscriber list.

Subscribe to our telegram channel.
Join



Source link

Tags: ConductsEthereumHardforkRehearsalSepoliaShanghaiSuccessfullyTestnet
Share197Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
ChatGPT is Being Used to Make ‘Quality Scams’

ChatGPT is Being Used to Make ‘Quality Scams’

March 20, 2023
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
Crypto Mining and Cannabis To Blame? – CryptoMode

Crypto Mining and Cannabis To Blame? – CryptoMode

September 30, 2023
AI forecasts Dogecoin price for the end of 2023

AI forecasts Dogecoin price for the end of 2023

September 30, 2023
Ethereum Clients More Diversified Than Bitcoin, Is This Good?

Ethereum Clients More Diversified Than Bitcoin, Is This Good?

September 30, 2023

Recent News

Crypto Mining and Cannabis To Blame? – CryptoMode

Crypto Mining and Cannabis To Blame? – CryptoMode

September 30, 2023
AI forecasts Dogecoin price for the end of 2023

AI forecasts Dogecoin price for the end of 2023

September 30, 2023
Ethereum Clients More Diversified Than Bitcoin, Is This Good?

Ethereum Clients More Diversified Than Bitcoin, Is This Good?

September 30, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Blockchain Games
  • Business
  • Crypto
  • Crypto Mining
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • Defi
  • Dogecoin
  • Economy
  • Education
  • Entertainment
  • Ethereum
  • Featured
  • Gambling
  • Governance
  • Health
  • Lifestyle
  • Litecoin
  • Market
  • News
  • Uncategorized
  • Web 3.0
  • World

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved