ETH

Shapella Update Going Live on Ethereum Goerli Testnet, Last Stop Before Ethereum Mainnet

by BSCN

March 9, 2023

Ethereum’s Shapella update will enable the withdrawal of staked $ETH.

Ethereum Unstaking Coming Soon

The most significant on-chain event of the year is inching closer, as Ethereum’s Shapella (Shanghai + Capella) unstaking upgrade is going live on the Goerli testnet, the final step before mainnet.

Ethereum core developer Tim Beiko said in a tweet that the upgrade is set to take place on March 14. A community call is scheduled for the day before, according to the Ethereum Foundation Blog.

EthStaker is hosting a live call to monitor the Goerli upgrade on YouTube.

“After a smooth Sepolia transition, the Shapella upgrade is now scheduled for the Goerli testnet. This is expected to be the last testnet upgrade before scheduling Shapella for the Ethereum mainnet,” according to the blog. “This upgrade follows The Merge and enables validators to withdraw their stake from the Beacon Chain back to the execution layer. It also introduces new functionality to both the execution and consensus layer …”

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What is Ethereum:

Ethereum is an open-source, distributed computing platform based on blockchain technology that can execute smart contracts - that is, the terms written in the contract will be executed transparently, automatically when the previous conditions are satisfied, and no one can interfere. At the same time, Ethereum also allows developers to build decentralized applications (DApps) and decentralized autonomous organizations (DAO).

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