Ethereum dev team to launch Shapella (Shanghai & Capella forks) on Zheijang testnet Feb 7, 2023, as per Time Beiko. Sepolia & Goerli testnets to follow.
The Shanghai fork upgrades Ethereum execution, Capella fork upgrades Beacon Chain consensus.
There were some config issues in launching the network, but the devops and client teams are looking into it. The Shapella fork is planned for Tuesday 3pm UTC
Beiko urges Shapella validators to get 33 ETH from the Zheijang faucet before launch. Zhejiang public testnet launched Feb 1 with taps, Beacon chain explorer, & tx explorer. Testnets let devs find tx issues without risking real funds before the mainnet upgrade.
Devs agree Sepolia testnet launches before Goerli, giving time for tooling/docs for March’s Shanghai mainnet upgrade. Beiko is optimistic about the Sepolia launch next week. Last year’s Merge on Sep 15, 2022, switched Ethereum from PoW to PoS, assigning security to validators and reducing energy consumption by 99%.
Validators become network validators by sending 32 ETH to staking contracts on a new consensus layer, incentivized by annual yield. Shanghai upgrade enables staked ETH withdrawals and more.
Unlocking 16 Million ETH: Developers Prioritize Delivery Despite Concerns
Upgrade on track, but dev minority worries majority bowing to public pressure, sacrificing Ethereum’s future. Devs rejected SSZ’s withdrawal proposal and chose RLP despite potential deprecation, causing minority worry. Micah Zoltu expressed concern at Jan 19 dev meeting. I focused too much on meeting public demands, neglecting Ethereum’s long-term health.
Developers are conscious of delays causing investor frustration. Delays could put billions in DeFi protocols at risk if glitches occurred post-Merge. Technical difficulties repeatedly postponed the Merge date.
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Developers opt for shipping a bug-free product with deprecated encoding instead of delaying it with 16 million ETH staked. Updating the transaction encoding needs extensive changes to the Ethereum codebase, which is better suited for future upgrades.