Ethereum’s Shanghai/Capella network upgrade is slated for Feb. 28

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  • Ethereum plans to deploy Shanghai/Capella upgrade on Sepalia testnet
  • The update is scheduled to test staked ETH withdrawals.
  • Shanghai-Capella was previously tested on the Zhejiang testnet, but the developers discovered minor bugs.

Ethereum The developers have announced that they have scheduled a test run of the Shanghai/Capella (Shapela) upgrade for February 28th. The test run is planned to be made live on the Spolia testnet to test Stake ETH withdrawals on Ethereum’s Proof-of-Stake blockchain.

The test on Sepolia will bring the Ethereum chain closer to the ability to withdraw staking ETH tokens from the Beacon chain. According to communication with ethereum, “The Chapela upgrade combines changes to the execution layer (Shanghai), the consensus layer (Capella), and the engine API.”

shanghai upgrade

The upgrade WARM COINBASE on SHANGHAI will introduce the PUSH0 instruction, LIMIT and METER initcode, BEACON CHAIN ​​PUSH WITHDRAWAL as operations and DEPRESS SELFDESTRUCT.

The changes can be seen in the new Python reference implementation for the execution layer, the Ethereum Execution Layer Specification (EELS).

capella upgrade

The Capella upgrade will introduce full and partial withdrawals for validators, the BLSToExecutionChange message, which allows validators to update it to ETH1_ADDRESS_WITHDRAWAL_PREFIX using BLS_WITHDRAWAL_PREFIX, which is a prerequisite for withdrawals, and independent state and historical accumulators to the original singular historical value. Blocks to replace the roots.

Unlocked over 16 million ETH

Ethereum validators are eagerly awaiting the unlocking of the more than 16 million ETH tokens that are currently at stake on the Beacon Chain smart contract opened in 2020.

While validators wait for their assets to be unlocked, most other crypto investors are waiting to see how ethereum price Will answer the whole process. A wide majority believe that ETH withdrawals may attract more institutional interest and may even trigger ETH price growth.

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