Ethereum developers have shared the final date for the Shanghai upgrade to be implemented on the Goerli testnet. What is changing in the Ethereum network? Can the upgrade fail? Let’s answer all the questions…
Critical date announced for Ethereum Shanghai upgrade
Ethereum developers are targeting March 14 for the Goerli testnet to go through Shanghai, the much-anticipated rise to enable the withdrawal of staked Ethereums (ETH) from the Blockchain. The developers agreed on Thursday, March 14, during their biweekly meeting.
The Goerli testnet is the largest public Ethereum testnet and was the last chance for staking providers to ensure that staked ETH is redeemable before it reaches the Shanghai mainnet. Ethereum developers will only set dates for the mainnet from the Goerli testnet.
Earlier this week, the Sepolia testnet went through Shapella, and Ethereum developers said everything was running smoothly. ‘Shapella’, a combination of the words Shanghai and Capella, initially caused confusion among the community.
Shanghai + Capella = Shapella
Technically, the Shanghai upgrade is only on the execution side of Ethereum. Capella is the simultaneous upgrade that happens on the consensus side. Hence, the developers started calling the upcoming hard fork of Ethereum “Shapella”. However, the names have become confusing as crypto investors, the community, analysts and industry executives often refer to the hard fork as “Shanghai”.
To clear up this confusion, let’s first point out that technically it’s not wrong to call it a “Shanghai” upgrade. The Ethereum protocol consists of two layers: the execution layer and the consensus layer. This is important because each layer has different names. The execution layer will go through the “Shanghai” upgrade, while the consensus layer will be known as “Capella”. That’s why the developers cleverly call everything “Shapella”.
To understand what the two layers are, it is necessary to understand Ethereum before the last upgrade, the merge. Ethereum’s old PoW mechanism was also known as the execution (application) layer. When ETH launched the Proof of Stake (PoS) chain, also known as the consensus layer, developers would initially switch to a PoS-only chain. However, this seemed like a very complex task for the developers, so they decided to merge the two chains – hence the eventual uptake of Ethereum to PoS is called a merge.
Execution and consensus layer
Now, the two layers have different functions that help move the Ether network forward. The execution layer is where all smart contracts and protocol rules live on, while the consensus layer is responsible for making sure all validators in the network follow these rules.
The Ethereum Foundation did not come up with a specific blog renaming the upgrade to “Shapella”, but over time core developers started calling it “Shapella”. cryptocoin.com As we reported, Ethereum developers shared on Twitter that “Shapella” went live on Sepolia earlier this week, referring to the two components of the upgrade.
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