Developers are putting the finishing touches before Ethereum's much-anticipated Shanghai upgrade goes live next month.
Ethereum's Shanghai upgrade which allow the withdrawal of staked ETH has successfully crossed the finish line, confirmed by the network's core developers.
The Goerli test network, which is essentially a comprehensive main test of Shanghai, started late Tuesday night and ended roughly 90 minutes later. According to Ethereum's core developers, there was only a short delay caused by some validators running older versions of the clients. However, these validators were quickly notified, allowing the test network to be successfully unlocked.
There were no other noteworthy problems with the launch of testnet or its functions. Following the launch, a developer from the Ethereum Foundation stated, "Mainnet comes next!"
With Goerli up and running, validators can now simulate the process of paying out staked ETH from Ethereum. Because testnet only allows transfers of fake money, the network initially struggled to attract enough validators for testing.
“One challenge with testnet validators is that, given the ETH is worthless, there’s less incentive to run a validator [and] monitor it”
said Tim Beiko on Twitter.
Soon, however, Shanghai's financial stakes become very real. The process started when Ethereum started the transition to the "proof-of-stake" model . Here, users commit ETH to the network to validate on-chain transactions and are then rewarded with newly generated ETH for their contribution to Ethereum's operation.
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