The Foundation team of Ethereum has announced another breakthrough that is soon going to take place after their Shanghai upgrade. Shapella transition on testnet of Zhejiang is moving towards their ultimate pre-launch sequence as reported on 10th February through a blog post.
This Shapella transition has many aspects including several features as well as the all-important consensus layer and stakers. This help enables their withdrawals. The blog post stated that exited validators are still eligible to make complete withdrawals. On the other hand, partial withdrawals are permitted for all active validators depending on the excess balances being 32 Ethereum.
New Achievement For Shapella Transition
This announcement further stated that validators should mandatorily possess 0x01 withdrawal of execution-layer credentials that will enable them to participate in the withdrawals. The ETH team mentioned that in case of any validator having a withdrawal credential of 0x00 BLS then they have to sign one operation of change to 0x01 for permission.
Shapella transition gets its name from combining two ETH upgrades namely, “Shanghai” with “Capella”. This helps withdrawals on the layer of execution as well as modifies the consensus layer of the Beacon Chain. This latest achievement helped Ethereum to touch $1,518.
The Rise Of Ethereum
This network of the Zhejiang test was introduced on 1st February as part of the initial 3 testnets which stimulate Shanghai. This is going to go live from March onwards. The testnet of Sepolia will be upgraded on 28th February after Goerli testnet.
The roadmap of ETH included many upgrades after Shanghai that are named “Splurge”, “Purge”, “Verge”, and “Surge”. ETH has also changed to the consensus of proof-to-stake during September 2022. This happened after the Chairman of Exchange and Securities of the US advised them to change to PoS. Recently ETH co-founder mentioned their confidence in not being classified as a US security.