Market Analysis Report (23 Feb 2023)

Market Analysis Report (23 Feb 2023)

Source Node: 1975066

Ethereum’s core developers have scheduled the launch of the Shanghai-Capella upgrade on the Sepolia testnet for February 28, at epoch 56832. Shanghai-Capella, also known as Shapella, is an upgrade that aims to enable staked ether withdrawals for network validators.

The upgrade involves changes to both the execution layer and the consensus layer of Ethereum. Shanghai will focus on enhancing the execution layer, while Capella will improve the consensus layer of the blockchain.

Developers have scheduled several phases of public testing to ensure the final upgrade in March is successful. The upcoming launch on Sepolia will be the second public testnet to implement the upgrade, while Shapella has already undergone testing on the Zhejiang testnet earlier this month.

Some minor bugs were discovered during the Zhejiang testing, which have since been resolved. After deploying Shapella, developers are set to move to the Goerli testnet for a final testing phase ahead of enabling withdrawals on the mainnet.

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