{"id":581056,"date":"2023-02-22T12:50:57","date_gmt":"2023-02-22T12:50:57","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=581056"},"modified":"2023-02-22T12:51:07","modified_gmt":"2023-02-22T12:51:07","slug":"ethereum-shanghai-sepolia-testrun","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-shanghai-sepolia-testrun\/","title":{"rendered":"Ethereum\u2019s Shanghai-Capella Update Slated For Sepolia Testrun On February 28"},"content":{"rendered":"\n<p>Summary:<\/p>\n\n\n\n<ul><li>Ethereum developers plan to trial the Shanghai-Capella upgrade on the Sepolia testnet.<\/li><li>Developers scheduled the update to test staked ETH withdrawals by upgrading the execution layer with Shanghai and the consensus layer with Capella.<\/li><li>Shapella as it\u2019s called was already tested on the Zhejiang testnet and developers discovered minor bugs to thrash out.<\/li><li>The Sepolia testrun was scheduled ahead of the full Shanghai upgrade expected in March this year.<\/li><\/ul>\n\n\n\n<p>Ethereum developers <a href=\"https:\/\/blog.ethereum.org\/2023\/02\/21\/sepolia-shapella-announcement\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/blog.ethereum.org\/2023\/02\/21\/sepolia-shapella-announcement\" rel=\"noreferrer noopener nofollow\">announced<\/a> a test run of the Shanghai-Capella upgrade on the second public test net so far &#8211; Sepolia.\u00a0Scheduled for February 28, the trial seeks to test staked Ether (ETH) withdrawals on Ethereum\u2019s proof-of-stake blockchain.\u00a0<\/p>\n\n\n\n<p>The simulation on Sepolia will involve two upgrades to bring ETH\u2019s chain closer to withdrawal functionality for staked Ether &#8211; Shanghai and Capella.\u00a0<\/p>\n\n\n\n<p>While Shanghai focuses on upgrading the execution layer, Capella is designed to upgrade the consensus layer. The two layers work together to give a blockchain full functionality. Updating both aspects of Ethereum&#8217;s blockchain will allow validators to unlock staked ETH and withdraw their asset, developers have explained.\u00a0<\/p>\n\n\n\n<p>The upgrade known as Shapella, a witty mix of Shanghai and Capella, will roll out on the Sepolia testnet at epoch 56832, per a Tuesday update from developers.\u00a0Previously, Shapella was <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-release-shadow-fork-shanghai\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/ethereum-release-shadow-fork-shanghai\/\" rel=\"noreferrer noopener\">tested<\/a> on the Zhejiang public testnet. Zhejiang was the first testnet to simulate Shapella and developers found bugs to work on during the test.\u00a0<\/p>\n\n\n\n<p>Before ETH\u2019s engineers ship out Shanghai in March, another trial phase is expected on a third public testnet &#8211; Goerli.\u00a0The Goerli testrun will mark the 11th hour before developers finally roll out Shanghai and implement EIP-4895 on Ethereum\u2019s PoS network.<\/p>\n\n\n\n<h2>Ethereum Validators Await The Unlocking of 16 Million Staked ETH<\/h2>\n\n\n\n<p>Over <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-validators-500000-post-merge\/\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/ethereum-validators-500000-post-merge\/\" target=\"_blank\" rel=\"noreferrer noopener\">half a million Ethereum validators<\/a> await the unlocking of their staked ETH. Currently, over 16 million \u00a0Ether sits locked on the smart contract which opened in 2020. While it&#8217;s expected that a withdrawal limit will be placed on staked ETH, it remains unclear whether unlocking these validator deposits will affect Ethereum\u2019s price dynamic.\u00a0<\/p>\n\n\n\n<p>A Finder report on Ethereum\u2019s short, mid, and long-term future <a href=\"https:\/\/en.ethereumworldnews.com\/ether-eth-6k-by-2025-14k-by-2030\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/ether-eth-6k-by-2025-14k-by-2030\/\" rel=\"noreferrer noopener\">opined<\/a> that staked ETH withdrawals could attract greater institutional interest and proper ETH\u2019s market price to greater heights.\u00a0<\/p>\n\n\n\n<p>Industry experts surveyed in the same report also noted that the added selling pressure could keep ETH\u2019s price from skyrocketing in the short to mid-term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum developers scheduled the Shanghai-Capella or Shapella update ahead of March when EIP-4895 is expected to roll out. <\/p>\n","protected":false},"author":55,"featured_media":571690,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[826,823,2],"tags":[1322,108382,108699,108566],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581056"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=581056"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581056\/revisions"}],"predecessor-version":[{"id":581058,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581056\/revisions\/581058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/571690"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=581056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=581056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=581056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}