SNEAK PEEK:
- Shanghai-Capella (Shapella) mainnet upgrade is entering the last pre-launch sequence.
- Complete withdrawals will be made accessible for validators.
- The United States government would not treat Ether as a security.
According to a recently published source, the Shanghai-Capella (Shapella) mainnet upgrade is believed to be entering the last pre-launch sequence of public testnets at this time.
Ethereum Foundation: The Shanghai+Capella (Shapella) mainnet upgrade is moving into the final pre-launch sequence — public testnets. The Zhejiang testnet is live. The first of the long-standing public testnets — Sepolia — is scheduled to go through the upgrade on February 28th
— Wu Blockchain (@WuBlockchain) February 10, 2023
The team working on the Ethereum foundation claims that Shapella has a lot of different functionalities. The ability to withdraw stakes and the existence of a consensus layer are, nevertheless, the two aspects that are of the utmost significance.
Complete withdrawals will be made accessible for validators that have quit the network, while active validators with balances that are more than 32 ETH will be eligible for partial withdrawals.
According to the requirements, validators need to hold a 0x01 execution-layer withdrawal credential in order to take part in withdrawals. If a validator already has a BLS withdrawal credential with the value 0x00, then they are required to sign a change operation to the value 0x01 in order to permit withdrawals.
The first of three testnets that will imitate Shanghai, the Zhejiang test network went online on February 1 and is the first of these testnets to simulate Shanghai. It is anticipated that Shanghai will go live in March, but a precise date has not been disclosed. The update is planned to be performed on the Sepolia testnet on February 28, followed by the Goerli testnet.
Joseph Lubin, one of the co-founders of Ethereum and an entrepreneur in the cryptocurrency space, has expressed his conviction that the United States government would not treat Ether as a security. “I believe it’s just as plausible, and it would have the same effect as if Uber was deemed illegal,”