Ethereum (ETH) developers have officialy launched the testnet for Shanghai, the first major upgrade for Ethereum since its network transitioned to a Proof of Stake (PoS) consensus mechanism.
Ethereum Launches Shanghai Testnet
The pre-Shanghai testnet, Shandong, will run in close coordination with EF DevOps, and plays a significant role in activating numerous selected Shanghai-considered EIPs. Shanghai is projected to be implemented at some point in 2023.
EIP Testing on Shanghai
The Ethereum team highlighted that, with the update, the first five Ethereum Improvement Proposals (EIPs) on the testnet would go live, and several EIPs are already being considered for inclusion.
The selected EIPs could potentially address some of the network’s efficiency and scalability issues. However, one of the most anticipated proposals is the EIP 4895.
Ethereum developers have begun testing the “unstaking” of their staked ether (ETH) on the Beacon Chain, and the withdrawal of these stakes, along with any rewards they may have earned in the meantime.
On the Flipside
- Ethereum’s transition to PoS has raised heavy concerns over the network’s decentralized status due to its recent loss of censorship resistance.
Why You Should Care
The launch of Shandong will give developers enough time to test their protocols in order to ensure a smooth transition, as with the initial PoS transition that took place in September.
Ethereum’s censorship concerns are covered below: