Ethereum's Sepolia testnet successfully simulated staked ETH withdrawals, bringing the blockchain one step closer to its highly anticipated Shanghai Upgrade, cryptauxmargaux reports
A second Ethereum test network , known as Sepolia, successfully replicated withdrawals of staked ether today, bringing the Ethereum blockchain closer to its highly anticipated Shanghai Upgrade.The Shanghai Upgrade will mark Ethereum’s complete transition to a fully functional
network, enabling validators to withdraw rewards earned from adding or approving blocks to the blockchain.The test on Sepolia was designed to provide developers with another dress rehearsal of the withdrawals similar to those that will happen on the main Ethereum blockchain. Testnets copy a main blockchain, in this case Ethereum, and allow developers to test any changes to their applications in a low-stakes environment.
Sepolia is the second of three testnets to run through such a simulation. But unlike the previous testnet upgrade that, this was on a closed testnet, meaning that only the Ethereum core developers run the validators on this testnet. Sepolia is also the smallest of all three testnets in terms of the number of validators participating on it, making it the least important of all three.The final testnet upgrade will occur to Goerli sometime in the coming weeks.
If the developers continue to run test upgrades three weeks apart, the next testnet upgrade on Goerli would likely occur around March 21, which could likely push the mainnet Shanghai Upgrade into April. If that were the case, there would be a slight delay versus the target of March that Ethereum developers had initially signaled for the release of staked ETH.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What the Ethereum Shanghai Upgrade Will Mean for ETH LiquidityEthereum's Shanghai upgrade in March could boost liquidity for $ETH and drive competition between staking protocols. But there are also concerns about centralization in the staking industry.
Read more »
Lido Finance activates staking rate limit after more than 150,000 ETH stakedLiquid staking protocol Lido Finance has activated a protocol safety feature to temporarily limit staking deposits after a whopping 150,000 Ether was staked in a day.
Read more »
Ethereum (ETH) Primed for Breakout Against Bitcoin (BTC), Ex-Ark Invest Crypto Analyst SaysEthereum $ETH pump against Bitcoin $BTC is highly likely, crypto analyst explains why bitcoin btc bitcoinnews eth ethereum ether ethereumnews pow pos
Read more »
Bitcoin (BTC), Ethereum (ETH) Showing Historical Bottoming Indications per This MetricBitcoin (BTC), Ethereum (ETH) exhibit promising signs of reversal based on this metric $BTC $ETH BTC ETH
Read more »
Mysterious Untouched ETH Wallet Sees Staggering Growth, Holding Since Ethereum ICOThis Ethereum wallet has been holding ETH since ICO in 2014, has not sold single Ether; here's likely reason
Read more »
Price analysis 2/27: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOLTraders are struggling to sustain the recovery in BTC and altcoins, but technical analysis points to some encouraging signals.
Read more »