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

Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com
Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com The crypto firm Blockchain.com has revealed it has secured up to $100
Shiba Inu Price Rebounds Toward $0.00003, Taking 69% Of All Holders Back Into The Green
Este artículo también está disponible en español. The Shiba Inu price has rebounded towards $0.00003, which has put most of the SHIB holdersback in the green. This is sig
MakerDAO implements temporary fee adjustments amid market volatility
Amaka Nwaokocha57 minutes agoMakerDAO implements temporary fee adjustments amid market volatilityThe adjustments include changes to Maker Vaults, SparkLend DAI Borrow Rate, the PSM, the Dai Savings Rate (DSR), and the Go
Biggest Movers: WAVES up 50% on Tuesday, as RUNE and LUNA Move Higher
Biggest Movers: WAVES up 50% on Tuesday, as RUNE and LUNA Move Higher WAVES was undoubtedly Tuesday’s biggest gainer, climbing by as much as 50% during the session. Gains in
Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US Sanctions
Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US Sanctions More cryptocurrency solutions keep appearing on the scene for Venezuel
Uniswap (UNI) Blastoff At Hand? The Sleeping Giant Awakens At $4.6 Support
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
Dubai’s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX
Dubai"s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX Dubai’s Virtual Asset Regulatory Authorityhas licensed two cryptocurrency exchanges: Binance and F
VanEck Ethereum ETF receives SEC green light
Josh O"Sullivan12 hours agoVanEck Ethereum ETF receives SEC green lightAfter three years of filings, the VanEck Ethereum ETF has received SEC approval, offering investors a regulated way to gain exposure to Ether in the
XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon
Este artículo también está disponible en español. XRP has entered a consolidation phase after reaching a multi-year high of $2.90 during the first week of December. The c
Ditto Promotes Accessible Finance for Streaming Artists with the Launch of Defi Platform
Ditto Promotes Accessible Finance for Streaming Artists with the Launch of Defi Platform Global music distribution service Ditto has unveiled the latest addition
Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says ‘We Don’t Want to Make the Crisis Worse’
Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says "We Don"t Want to Make the Crisis Worse" Billionaire investor and venture capitalist Tim Draper has re
Betting Your Coins Online? Be Sure to AskGamblers First
Betting Your Coins Online? Be Sure to AskGamblers First Visit AskGamblers.com before ever wagering your hard-earned coins in an online casino. AskGamblers is the