Second Ethereum Testnet performs Shanghai Hard Fork with success

Second Ethereum Testnet performs Shanghai Hard Fork with success

On the Sepolia testnet, it was possible to withdraw ETH that had been staked. There will be one more test on the Goerli testnet before Shanghai goes live.

Today, successful withdrawals of staked ether (ETH) were made on a second Ethereum test network (testnet) called Sepolia. This brings the Ethereum blockchain closer to the much-anticipated Shanghai Upgrade.
Upgrade began at epoch 56832 at 4:04 UTC and was finished at 4:17 UTC (11:17 p.m. ET).

The Shanghai Upgrade will finish Ethereum’s move to a fully functional proof-of-stake network, letting validators cash out rewards they’ve earned by adding or approving blocks on the blockchain.

One more test is set to happen on Ethereum’s Goerli testnet before Shanghai goes live.

The goal of the test on Sepolia was to give developers another chance to practice withdrawals like the ones that will happen on the main Ethereum blockchain. Testnets are copies of the main blockchain, in this case, Ethereum, that let developers test changes to apps in a low-risk environment.

This is the second of three ways that Sepolia will be simulated as a testnet. Unlike the first testnet update, which happened earlier this month in Zhejiang, this one happened on a closed test net, which means that the validators on this testnet are only run by Ethereum core engineers. Sepolia has the fewest validators out of the three testnets, which makes it the least important.

In the next few weeks, Goerli will get the last testnet upgrade. That would be the last dress rehearsal before ETH withdrawals with stakes can be done on the main blockchain. Goerli’s testing will also be the most anticipated because it is the largest of the three testnets and its activity is the most like that of the main Ethereum blockchain.

If developers keep doing testnet upgrades every three weeks, the next one on Goerli would probably happen on March 21, which could push the mainnet Shanghai Upgrade into April. If that were true, the developers of Ethereum had said that staked ETH would come out in March, but there would be a small delay if that were true.

Content Source: coindesk.com

The post Second Ethereum Testnet performs Shanghai Hard Fork with success appeared first on NFT News Pro.



from NFT News Pro https://ift.tt/Sutngjf

Comments

Post a Comment

Popular posts from this blog

How to make money with NFTs?

Image
In the following, we will learn about NFTs and the best ways to make a profit with NFTs in 2022.  Non-fungible tokens or NFTs are attracted lots of attention among investors since 2021. They have been one of the most profitable blockchain-based assets. NFTs such as The Merge, sold for $91.8 million, and Everyday: The First 5000 Days by Beeple , sold for $69.3 million, even caused more changes in how the world estimated the profit of the digital collectibles. But, do you need to spend so much money to gain profit from NFTs? The answer is a big no! Although lots of NFT artists and investors have made lots of fortune through creating NFTs, there are also other ways to take advantage of the market. Before knowing how to get rich through NFTs, first, you have to know what exactly NFTs are. If you already know about NFTs so go to the next section. What is an NFT? Non-fungible tokens or NFTs are digital assets that cannot be changed or duplicated. Each NFT, therefore, is one-of-a-kind
Read more

NFT Legal Issues and Risks

Image
Several factors influence the interest in NFTs, including the popularity of blockchain technology, growing interest in cryptocurrencies, and interest in digital art and collectibles. However, the growth of the NFT market brings about legal risks and issues associated with non-fungible tokens as digital assets. The NFT market is crowded with lots of NFT projects which makes investors think carefully before buying a digital asset due to the high risk of fraud. Most NFT investors are not fully aware of the legal risks and issues associated with NFTs, though there is currently little legal protection for investors in the NFT market. In the following, we aim to inform our readers about legal issues and risks associated with NFTs and the market they may face in 2023. Copyright Infringement One of the most important issues for an NFT creator is to know the rights they acquire by creating a non-fungible token. If an NFT is produced based on someone else’s work or idea without their conse
Read more

How to Add Utility to an NFT?

Image
There are several factors that determine the success of an NFT project. In the long term, though, a few factors make an NFT valuable in the market. NFT utility is a key to NFT investors and collectors which convince them to invest in a project and become a member of the community. Adding utility to an NFT project can create real-world value for the project and take it to new heights. In fact, NFT utility allows an NFT to transform from a simple digital token to a highly desirable and valuable asset. If you are also thinking about adding utility to your NFTs, here is all you need to know. In this article, we provide a complete guide about NFT utility, its types, NFT utility apps, and examples of successful utility NFTs. What is NFT Utility? In simple terms, utility refers to the additional benefits or services that add to the value of an asset. Utility NFTs refer to digital tokens that have a practical application and, therefore, higher values. Such utilities can be the key to t
Read more