Ethereum developers have asked node operators, validators, and stakers to update their Ethereum clients as the Ethereum Shanghai upgrade comes closer. With the Sepolia Shapella upgrade scheduled for February 28 at 4 AM UTC, withdrawals of staked Ethereum on the Beacon chain will start soon.
Ethereum developer Tim Beiko and other developers on February 27 reminded node operators and stakers to update their Ethereum clients before the Sepolia Shapella upgrade on February 28. Only after updating with the required Ethereum clients, validators can withdraw their stake from the Beacon Chain back to the execution layer.
The consensus layer Ethereum clients such as Lighthouse, Lodestar, Nimbus, Prysm, and Teku have already announced Sepolia releases. The execution layer Ethereum clients such as Besu. Erigon, go-ethereum (get), and Nethermind have also announced their Sepolia releases.
Moreover, Tim Beiko said the Goerli testnet will be shut down after the Shanghai upgrade in March. Future testnets, including Sepolia, can mint more ETH.
He hopes the upcoming testnet “Holli” (or Holesovice) can include more addresses in genesis files. After the Goerli testnet is shut down, Ethereum developers plan to get application developers easy access to testnet ETH tokens before Holli testnet launch.
Goerli’s GoETH Floor Price Rises Amid Shanghai Upgrade
Meanwhile, the floor price of the Ethereum Goerli testnet version BAYC BoredApeYachtClub-GOERLI-TEST has reached 45 ETH, up nearly 3000%. Also, the current total transaction volume has reached 53,741 ETH with 3,996 holders.
The testnet bridge and the ever-increasing testnet ETH price have sparked debate in the cryptocurrency community.
Ethereum Price Soars Ahead Of Sepolia Shapella Upgrade
The Sepolia Shapella upgrade of the Shanghai upgrade scheduled to happen tomorrow has also led Ethereum price to move higher. The ETH price is currently trading at $1,635, up nearly 3% in the last 24 hours. The 24-hour low and high are $1,597 and $1,645, respectively.
The ETH price is likely to be volatile amid the upgrade as validators withdraw their staked Ethereum. However, they will be rewarded for re-staking and adding more ETH.
Also Read: Shiba Inu Developer Shytoshi Kusama Announces Major Update On Shibarium
The post Ethereum Shanghai Upgrade: Developers Reveal Key Details Ahead Of Sepolia Upgrade appeared first on CoinGape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks