Ending Soon! Save 33% on All Access

Sepolia Successful as Ethereum Simulates Shanghai Hard Fork Sepolia is the second of three testnets to run through a similar simulation, the first one being Zheijang

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Sepolia, a second test network (testnet) of Ethereum, successfully replicated withdrawals of staked ether (ETH) on Tuesday. The recent development brings the Ethereum blockchain closer to its anticipated Shanghai upgrade, according to a report.

Sepolia is the second of three testnets to run through a similar simulation, the first one being Zheijang. However, the simulation of Sepolia was performed on a closed testnet meaning only Ethereum core developers ran the validators on the testnet.

The entire of concept of testnet revolves around copying a blockchain, in this instance Ethereum and allow developers to test any changes to the applications in a low-stakes environment. The upgrade was triggered at epoch 56832 at 4:04 UTC and finalized at 4:17 UTC. Ethereum has one more test Goerli, planned before Shanghai goes live.

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.

Goerli's testing would be the most anticipated given it would be the biggest of the the three testnets. Goerli testnet mimics the main Ethereum blockchain's activity closely.

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.

Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.