Ethereum (ETH) developers have launched the testnet for the first trials of the Shanghai update after The Merge, the biggest update in cryptocurrency history.
The first notable development announced after The Merge update in September Shanghai testnet came from the front. Ethereum developersi September 2023Shanghai has taken the first steps of the transition process, which may last until . With Shanghai update Proof of Stake ETH staked for the (PoS) mechanism is expected to become withdrawable by users. Locked ETHs are not allowed to be transferred at this time.
However, there is speculation about the withdrawal of staked ETHs. Ethereum developer Micah Zoltu‘s statements at the end of September caused concern on investors. Developer ZoltuAccording to the statements of , the Shanghai update on the Ethereum official website will be updated after Merge. within 6 or 12 months It was stated that it would be released, but these dates were silently removed from site. The release of locked ETHs, which is a great expectation for the Shanghai update, will not happen on these dates.
However, although the developers have not set clear goals for Shanghai, “probablyThey will include innovations aimed at reducing transaction fees. The latest statements from the developer seem to have dragged the Ethereum investor into a quiet darkness and still do not give any clear information about when the locked ETHs will be opened.
While all this negative weather continues, Ethereum developer Alex Stokes, made statements in late September that the technical infrastructure of the Shanghai update was almost ready. The testing phase, which is likely to last until September 2023, could possibly end sooner than anticipated.