A second Ethereum test network (testnet), known as Sepolia, successfully replicated withdrawals of staked ether (ETH) today, bringing the Ethereum blockchain closer to its highly anticipated Shanghai Upgrade. The upgrade was triggered at epoch 56832 at 4:04 UTC and finalized at 4:17 UTC (11:17 p.m. ET). The Shanghai Upgrade will mark Ethereum’s complete transition to a fully functional proof-of-stake network, enabling validators to withdraw rewards earned from adding or approving blocks to the blockchain. There is one more test, on Ethereum’s Goerli testnet, that is planned before Shanghai goes live. (Coindesk)
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Second Ethereum Testnet Successfully Simulates Shanghai Hard Fork
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