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Ethereum launches testnet for Shanghai upgrade: Here’s what is next

Published 10/18/2022, 05:15 PM
Updated 10/19/2022, 07:20 AM
Ethereum launches testnet for Shanghai upgrade: Here’s what is next

Staked Ether (sETH) withdrawal and lower gas fees are some of the developments expected with the next critical improvements for the Ethereum network, the Shanghai upgrade. The testnet version, dubbed Shandong, is now live. Developers can now begin working on the implementations. a process expected to continue until September 2023.

This is the first major update since Ethereum’s consensus switched to proof-of-stake (PoS) in September after the mainnet and Beacon Chains merged.

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