Ethereum devs finalize fork on the Zheijang testnet, here’s what it means for ETH
- Ethereum ecosystem developers have agreed to launch the Shapella fork on the Zheijang testnet on February 7.
- According to lead Ethereum developer Tim Beiko, the Sepolia testnet can be launched on Sepolia on February 9.
- Majority of developers on Ethereum are in favor enabling ETH token withdrawals as soon as possible.
Ethereum network’s core development team has announced that the Shanghai and Capella forks can be launched on the Zheijang testnet on February 7. Tim Beiko, the core ETH developer, announced that the two new forks named Shapella would launch at Epoch 1350.
The Sepolia and Goerli testnets will follow closely after. Beiko encouraged validators to test Shapella by acquiring 33 ETH from the testnet’s faucet before the fork goes live.
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Ethereum core dev reveals Shapella devnet is live, testnet will go live next week
Ethereum network’s core developer Tim Beiko told his 99,100 followers on Twitter that core developers wrapped another call on February 2. The developers covered the steps to Shanghai and Capella (Shapella) testnets, and the team is resolving configuration issues that came up during the launch.
The Shapella fork is planned for February 7, 3 PM UTC. Beiko urged developers to run a validator on the Zheijang testnet, collect 33 ETH via the faucet, start a validator and be ready for Shapella on Tuesday.
The Ethereum core developer argues that if the Zheijang fork goes well, the network would be ready to move to public testnets, Sepolia and Goerli. Testnets are critical to the Ethereum ecosystem as they allow developers to discover transaction problems without risking real funds before a blockchain’s mainnet upgrade.
Developers are prepared to unlock 16 million ETH despite concerns
While most ETH ecosystem developers agree that the Shanghai upgrade is on track, a minority of developers have expressed concern that most are bowing to public pressure at the expense of Ethereum’s future.
Several developers downvoted a recent technical proposal to make withdrawals compatible with a specific encoding method. Devs chose to abide by a method that might result in imminent deprecation in the asset.
Micah Zoltu, an ETH developer, voiced his concern,
It feels like we’re not thinking about the long-term health of Ethereum. We’re thinking, how do we do what the public wants today?
ETH developers believe that a low-risk proposition and a relatively low-glitch product with a deprecated encoding scheme is better than a delayed product with 16 million ETH tokens staked on the Beacon chain contract.
This means the forks and testnets will occur at the stipulated time as the ecosystem prepares for a massive ETH unlock. To know more about ETH token unlock, check this out.
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
