With the Ethereum Shanghai upgrade anticipated for March, the most-awaited upgrade after the Merge, developers are moving closer to the goal to enable withdrawals of Ethereum staked on the Beacon chain.

According to a blog by Ethereum Foundation, the Shapella (Shanghai/Capella) network upgrade will be activated on the Sepolia testnet at block height 56832, which is expected at 04:04:48 UTC on February 28.

The upgrade will enable validators to withdraw their Ethereum staked on the Beacon Chain to the execution layer. It will also introduce new functions to both the execution and consensus layers. Full Ethereum staked withdrawal capability will be available with the Shanghai upgrade.

(By Varinder Singh)

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