The rehearsal of the next update was successful for the Ethereum network

The Shanghai update of the Ethereum blockchain, which mimics the upcoming hard fork of the project, has been successful. It took place on the Sepolia testnet, which was updated to Shapella, that is, to an update that combines the names of the future Shanghai and Capella hard forks.

Shanghai’s job is to update the execution layer on the client side. And thanks to Capella, a number of changes in the consensus of the Ethereum network will become possible.

The minimum amount that validators will need to deposit before the upgrade is 32 ETH (or about $52,000). This is necessary to verify transactions on the Ethereum network.

After that, validators will be able to receive rewards in excess of 32 ETH. In addition, they will be able to withdraw all funds and suspend the verification of transactions.

“Sepolia testnet successfully upgraded to Shanghai and Capella. Some validators remain offline due to the old version of the geth client, but they will be back online soon. The Goerli test network will be updated next,” the developers noted.

We would like to remind our readers that after a successful test in the Sepolia network, and then the Shanghai hard fork itself, they plan to update the Goerli network in the Ethereum main network. It is expected in March this year.

Interestingly, against the backdrop of recent events related to the Ethereum blockchain, the cryptocurrency itself is in significant demand among investors. At the beginning of this week, the share of the total supply of ETH by large investors reached 39%, in BTC it was 11%, according to IntoTheBlock.

Experts refer to the so-called whales as addresses that account for at least 0.1% of the emission. A significant amount of Ethereum from large investors is associated with the transition to the Proof-of-Stake algorithm.

What do you think of these events?