Ethereum to launch “Zhejiang” public withdrawal testnet on Feb. 1

Spread the love


  • The “Zhejiang” public recall testnet will be followed by the Shanghai testnet.
  • This is the first major update since the Merge update.
  • “Zhejiang” allows tools to test how to collect and display ETH withdrawal information.

Ethereum Foundation developer Paridosh Jayanthi confirmed in a way Twitter account The “Zhejiang” public testnet will be live tomorrow (February 1, 15:00 UTC, 2023). The “Zhejiang” testnet will be followed by the highly anticipated Shanghai and Capella testnets.

Both the Shanghai and Capella test nets are scheduled to trigger at epoch 1350.

Jayanti responded to another post by Barnabas Pusa, who said that Testnet will go live tomorrow:

“Shanghai+Capella will trigger after 6 days (1350 epoch). You can deposit validators, practice BLS conversion and exit without risk.

In subsequent tweets, Jayanthi said:

“This is a great opportunity to test how all tools should collect, display and use withdrawal information. You can try changing the 0x00 credentials to 0x01 and setting the withdrawal address. You can test partial withdrawals and full withdrawals by exiting your validator.

Shanghai Upgrade

The Shanghai and Capella update testnets are expected to go live six days after the “Zhejiang” testnet, which will feature all Ethereum development protocols (EIPs) such as timestamp-based forking that come with the Shanghai update.

The Shanghai upgrade is designed to allow ETH users to withdraw their Ether tokens and rewards. Ether holders were able to stake ETH Merge upgrade moved that Ethereum Blockchain From Proof of Work (PoW) to Proof of Stake (PoS) Blockchain. However, the equity funds are locked in pending a new Shanghai upgrade.

The Ethereum Foundation is targeting a March 2023 Shanghai upgrade. After the Shanghai update, Ethereum developers will turn their eyes to the EIP-4844 update, which is scheduled for May or June this year.

The EIP-4844 update aims to increase the scalability of Layer-2 rollups on Ethereum by more than 100 times and also have lower transaction fees.


Source link

Leave a Comment