Fun

Ethereum Developers Commence Finalizing Shanghai Upgrade ‘Shadow Fork’ for Testing and Bug Identification

News Feed - 2023-01-24 03:01:31

Ethereum Developers Commence Finalizing Shanghai Upgrade ‘Shadow Fork’ for Testing and Bug Identification


Ethereum developers have begun finalizing the Shanghai upgrade “shadow fork,” according to software engineer Marius van der Wijden. The “shadow fork” will serve as a testing environment for the Shanghai upgrade, allowing developers to identify bugs and any potential issues. Ethereum’s Shanghai Upgrade ‘Shadow Fork’ Launches


As the cryptocurrency community awaits the upcoming Shanghai hard fork, core Ethereum developers have launched a testing environment called a “shadow fork” in order to test the upgrade. This follows the developers’ announcement of the launch of a new testnet for the Shanghai upgrade on Jan. 11, 2023. The fork, which will focus on allowing staked withdrawals, is anticipated to occur in March 2023.


According to Marius van der Wijden, an Ethereum Foundation software developer, there were a few issues with the “shadow fork” that began at approximately 6 a.m. Eastern Time on Monday morning. “It started out with a few issues because the config wasn’t correctly applied on Geth (we disallow overriding the mainnet config),” van der Wijden wrote on Twitter. The developer added: For now, the chain is finalizing correctly, let’s see if Potuz and I can break it.


The cryptocurrency community has been concerned about the Beacon chain withdrawals, as there are 16,167,527 ETH stored within the validator contract that is currently locked. Only a hard fork can unlock the staked funds and the Shanghai upgrade is meant to pave the way toward that goal. Statistics from Beaconscan.com show that there are 504,765 validators, as the validator count crossed the 500,000 zone this year.


It has been approximately 130 days since The Merge, when Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network. The Shanghai upgrade will be the next major hard fork following The Merge. In addition to allowing Beacon chain withdrawals, developers are exploring ways to lower gas costs for the withdrawals as well. The public testnet for the Shanghai upgrade is set to launch in the near future, giving the general public an opportunity to test the new software’s features. Tags in this story Beacon chain withdrawals, beaconscan.com, Bugs, core Ethereum developers, Cryptocurrency community, Ethereum, Ethereum (ETH) developers, Ethereum Foundation, gas costs, general public, Geth, Hard Fork, Issues, Locked, mainnet config, Marius van der Wijden, network, Proof of Work, Proof-of-Stake, public testnet, Shadow fork, Shanghai upgrade, Software Engineer, software features, staked funds, staked withdrawals, Statistics, testing environment, testnet, validator contract, Validators, Withdrawals


What are your thoughts on the Ethereum developers’ use of a “shadow fork” for testing and bug identification prior to the Shanghai upgrade’s mainnet release? How do you think the upgrade will impact the Ethereum community and the locked-staked funds? Let us know your thoughts in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve"s Efforts to Bring it Down NEWS | 7 hours ago Microsoft CEO Satya Nadella Praises Metaverse "Sense of Presence," Calls It "Game-Changing" NEWS | 11 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleFluid Finance Proposes to Integrate the DAI Decentralized Stablecoin Directly Into the Traditional Financial System Next articleNYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItArgentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments


The National Securities Commission (CNV), which is the Argentinian securities watchdog, recently launched an innovation hub with the goal of advancing conversations about cryptocurrency and fintech investments. This organization will serve as a link between private entities and the institution, ... read more.Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Iran to Increase Penalties for Unauthorized Cryptocurrency Mining Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

Better than DeFi: SINOVATE’s New Infinity Nodes Provide Up to 130% Returns
Better than DeFi: SINOVATE’s New Infinity Nodes Provide Up to 130% Returns SINOVATE’s Incorruptible Data Storage (IDS) dCloud network is providing game-c
Avalanche halts block production amid inscription wave launch
Ezra Reguerra11 hours agoAvalanche halts block production amid inscription wave launchAva Labs co-founder Kevin Sekniqi believes the issue may be related to a recently launched inscription wave.2337 Total views9 Total sh
Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions
Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key InstitutionsWith sophisticated fraud schemes seemingly overwhelming the African crypto market, there is
Sam Bankman-Fried’s bankruptcy narrative revealed in new court documents
Ana Paula Pereira6 hours agoSam Bankman-Fried’s bankruptcy narrative revealed in new court documentsA Google document attached to the U.S. government sentencing memorandum reveals “random probably bad ideas” Sam Ba
Bitcoin overtakes gold in investor portfolio allocation — JPMorgan
Prashant Jha10 hours agoBitcoin overtakes gold in investor portfolio allocation — JPMorganBitcoin’s allocation in investor portfolios has reached 3.7 times that of gold when adjusted for volatility, according to a JP
Microstrategy Acquires Another $10 Million in Bitcoin, Company Balance Sheet Nears 100K BTC
Microstrategy Acquires Another $10 Million in Bitcoin, Company Balance Sheet Nears 100K BTC On Friday, the incorporated and publicly listed business intelligence
Bitpapa Enters Kenyan Cryptocurrency Market
Bitpapa Enters Kenyan Cryptocurrency Market press release PRESS RELEASE.In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces
$30 Million Crypto Scheme’s Leader Pleads Guilty, Facing up to 20 Years in Prison
$30 Million Crypto Scheme’s Leader Pleads Guilty, Facing up to 20 Years in Prison The leader of a cryptocurrency scheme that swindled over $30 million from investors has pleaded
Whales Offload 200M Cardano During March – The Start Of A Trend?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin open interest jumps $1.3B following Fed's 'dovish' minutes
Ciaran Lyons2 hours agoBitcoin open interest jumps $1.3B following Fed"s "dovish" minutesBitcoin Open Interest has jumped by over a billion following the United States Federal Reserve ‘dovish’ minutes on Aug. 21.1467
Brayden Lindrea7 hours agoGalaxy predicts 74% Bitcoin price increase first year after ETF launchCurrently, a 74% increase takes Bitcoin to over $59,000, and that doesn’t factor in “second-order effects,” says Galax
Bitcoin, Ethereum Technical Analysis: BTC, ETH Surge to Start the Weekend, Following Friday’s Payrolls
Bitcoin, Ethereum Technical Analysis: BTC, ETH Surge to Start the Weekend, Following Friday’s Payrolls Bitcoin moved closer to the $17,000 level to start the weekend, as traders