Ethereum launches testnet for Shanghai upgrade: Here’s what is next
Staked ETH withdrawals and lower gas fees are among the developments expected with the upgrade. Staked ETH withdrawal and lower gas fees are some of the developments expected with the next critical improvements for the Ethereum network, the Shanghai upgrade. The testnet version, dubbed Shandong, is now live. Developers can now begin working on the implementations; a process expected to continue until September 2023. This is the first major update since Ethereum's consensus switched to Proof-of-Stake (PoS) in September after the Mainnet and Beacon Chains merged.Moreover, the coming upgrade....
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After recording a spike following the enticing yields of Ethereum (ETH) liquid staking platforms such as Lido offers, Ethereum total staking deposit is beginning to see a plummet just a few days before the Shanghai launch which is set to take place on April 12. This dip was initially revealed by on-chain analytics provider Glassnode on April 9 in a report disclosing the current state of the Ethereum staking ecosystem. According to the report, the decline in Ethereum staking deposits can be attributed to two main factors. Why Is Ethereum Staking Deposit Declining? The on-chain analytics....
With the “Merge” and the accompanying change to proof of stake, the Ethereum blockchain received arguably the most crucial and largest upgrade of all time on September 15. With “Shanghai”, however, the next upgrade is already just around the corner. After a month-long break, Ethereum developers met last Friday for their 148th All Core Developers (ACD) meeting. Chaired by Tim Beiko of the Ethereum Foundation, the developers discussed the plans for Shanghai. Together, they found consensus that Shanghai should include, at a minimum, the withdrawal of staked ETH (EIP....
As Ethereum’s London upgrade launches on the Ropsten testnet, mainnet anticipation for stakers and miners increases. The Ethereum network witnessed the deployment of its London upgrade on the Ropsten testnet on June 24. This upgrade consists of the highly anticipated Ethereum Improvement Proposal (EIP) 1559. Following the launch on the Ropsten testnet, the London upgrade will be deployed on Ethereum’s Goerli, Rinkeby and Kovan testnets at weekly intervals. This is one of the important steps in the roadmap to implement a proof-of-stake (PoS) consensus on the Ethereum network, also known as....
The long-awaited EIP-1559 upgrade is just 26 days away now. The long-awaited London upgrade for the Ethereum network is edging closer as the code was deployed to the final testnet this week.Ethereum’s London hard fork, which will usher in the EIP-1559 upgrade, has now been scheduled for August 4 following the launch on the Rinkeby testnet on Thursday.Ethereum developer Tim Beiko posted the testnet update confirming that the code has now been successfully deployed to all three testnets.And we are live https://t.co/a5blKgbZym All three testnets have now successfully upgraded to London Note:....
The Ethereum community is anxiously awaiting the mainnet launch of EIP-1559. Ethereum’s forthcoming London upgrade, containing the highly-anticipated Ethereum Improvement Proposal (EIP) 1559, has been deployed on the Ropsten testnet.Following the June 24 launch on Ropsten, London is now expected to progress through Ethereum’s Goerli, Rinkeby, and Kovan testnets at roughly weekly intervals — from which point the Ethereum community expects a date for mainnet deployment to firm up.The new upgrade will see transaction fees burned. According EIP-1559 tracking website, Watch the Burn, roughly....