• Shapella upgrade for Ethereum was successfully activated on the Goerli Testnet.
• This upgrade allows validators to withdraw ETH they have been holding since 2020.
• The update combines both Shanghai and Capella consensus layers, with Shanghai as the implementation side upgrade.
Shapella Upgrade for Ethereum Successfully Activated on the Goerli Testnet
The „Shapella“ update for Ethereum on Goerli is now complete, allowing validators to withdraw their held ETH since 2020. With the update, stakers can remove their ETH from the network’s stake and it has already been tried out on open testnets Sepolia and Zhejiang.
Consensus Layer Combination
The Shapella upgrade combines both Shanghai and Capella consensus layers, with Shanghai acting as the implementation side upgrade.
Final Test Run Before Mainnet Launch
The final test run before withdrawals go live on the mainnet in April 2023 is the Goerli testnet, where the hard split went live.
Since proof-of-stake succeeded proof-of-work, Ethereum requires validators to lock in 32 ether (roughly $52,500) in order to take part in staking activities and earn rewards.
With successful activation of Shapella update on Goerli Testnet, validators will be able to withdraw their locked ether from beacon chain once it goes live on mainnet in April 2023.