Ethereum Shanghai Upgrade: Dev Set Sepolia Upgrade Time

Ethereum core developer Tim Beiko on February 22 announced that the Sepolia Shapella upgrade is scheduled for February 28 at 4 AM UTC.

advertisement

According to a blog by Ethereum Foundation, the Shapella (Shanghai/Capella) network upgrade will be activated on the Sepolia testnet at block height 56832, which is expected at 04:04:48 UTC on February 28.

The upgrade will enable validators to withdraw their Ethereum staked on the Beacon Chain to the execution layer. It will also introduce new functions to both the execution and consensus layers. Full Ethereum staked withdrawal capability will be available with the Shanghai upgrade.

The Shapella upgrade introduces changes to the execution layer (Shanghai), consensus layer (Capella), and the Engine API. Ethereum users or ETH holders don’t have to upgrade anything. However, stakers and non-staking node operators are required to upgrade nodes to Ethereum client releases for the Sepolia upgrade.

Trending Stories
Ethereum (ETH) Withdrawn After Shanghai (Shapella) Upgrade: Details
ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10% Rally Ahead
24/7 Cryptocurrency News
pepe coin crypto news
PEPE Price Prediction: This Chart Pattern may Determine if PEPE Token Price will Rally 70% or Fall 40%
24/7 Cryptocurrency News
bitcoin news crypto
Bitcoin Price Reversal from a Healthy Retracement Level Hints 6% Jump; Enter Today?
24/7 Cryptocurrency News
Cardano Price Prediction
ADA Price Prediction: Healthy Retracement to Key Fibonacci Level Prepares Cardano Price for 16% Rally
24/7 Cryptocurrency News
XRP ripple crypto news price
XRP Price Prediction: XRP Price Correction Halts at a Crucial Fibonacci Support; Will Recovery Kickstart?
24/7 Cryptocurrency News

Ethereum’s core developers earlier found bugs related to the public test network Shapella. Ethereum’s largest client Go Ethereum (Geth) nodes faced difficulty syncing with the Zhejiang testnet. Other clients also reported the same issue. However, developers believed that the issue will not impact the Sepolia upgrade scheduled on February 28.

Bitcoin Campaign

The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT.

Signup Ad

Previously, developers stated that after the upgrade of the Sepolia test network, the plan is to release the Shanghai upgrade on the Ethereum Goerli test network. It is most likely to happen in early March.

Ethereum Price Fall Ahead of the Upgrade

Ethereum price fell over 2% in the last 24 hours, with the ETH price currently trading at $1,636. The 24-hour low and high are $1,632 and $1,709, respectively.

Bitcoin and Ethereum prices are under pressure ahead of the U.S. FOMC Minutes release. Traders expect hawkish Fed comments due to recent hawkish rhetoric expressed by some Fed officials.

Crypto influencer Lark Davis recently warned that withdrawals will cause a significant sell-off in the crypto market and further disrupt the ETH bullish narrative.

Comments

Post a Comment

Popular posts from this blog

1 in 4 investment firms assign senior execs to digital assets: Report

Image
One-quarter of asset managers and hedge funds in the US and Europe have recruited senior executives to oversee digital asset strategies, according to a recent report. Based on the findings of a market intelligence firm, an increasing number of investment firms in the United States, United Kingdom, and Europe are appointing senior executives to lead digital asset investment strategies. According to a recent Amberdata report titled 'Digital Assets: Managers' Data Infrastructure Fuel,' 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years. “These roles are being staffed up, with almost a quarter of firms with a senior role dedicated to digital assets, reflecting seriousness about implementation as well as senior management buy-in.” Organizations with a senior role dedicated to dedicated asset strategy implementation. Source: Amberdata The report surveyed 60 investment professionals across the United St
Read more

Bitcoin Price Prediction for Today, December 28: BTC/USD Could Avoid another Downtrend If Closes Above $17k

Image
The Bitcoin price prediction shows that BTC sees a 0.63% decline after trading near the $17,000 resistance level, the first digital asset heads lower. Bitcoin Prediction Statistics Data: Bitcoin price now – $16,593 Bitcoin market cap – $319.5 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $21,000, $23,000, $25,000 Support Levels: $14,000, $12,000, $10,000 BTC/USD loses its momentum after trading near the resistance level of $17,000. As of writing, the king coin is down 0.63% on the day at $16,733 below the 9-day and 21-day moving averages. Meanwhile, Bitcoin (BTC) may struggle to close above $17,000 and if it does, it should be free to rise well above $18,000 if it moves in the next positive direction. Bitcoin Price Prediction: Bitcoin (BTC) Range-bounds After a slightly positive move above $16,700, the Bitcoin price is
Read more

Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’

The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was widely expected by the market. This marks the tenth consecutive occasion in which the Fed has raised interest rates since the initial 25bps increase in March 2022. FOMC Announcement Says ‘Additional Policy Firming May Be Appropriate’ At 2:00 p.m. Eastern Time, the central bank raised the benchmark interest rate citing that economic activity expanded “at a modest pace in the first quarter.” The Fed’s announcement noted that unemployment has been low but “inflation remains elevated.” The FOMC announcement further addressed the issues in the U.S. banking industry and the committee emphasized that the “U.S. banking system is sound and resilient.” The Fed’s unbroken chain of rate hikes is a testament to the bank’s unwavering commitment to getting inflation down. The FOMC’s press release no
Read more