Ethereum (ETH): bull-run or correction?

Ethereum is actively preparing for the Shanghai upgrade which is a highly anticipated event by the community. As the massive operation approached, the blockchain team achieved a feat. Indeed, it launched a record number of testnets in less than 8 days. Here is what it is.

7 days to launch 7 testnets on Ethereum!

Since the announcement of the Shanghai upgrade, Ethereum developers have been actively working. In this context, they recently launched seven testnets in a single week. Parithosh, a developer from the Ethereum Foundation, made this revelation on the most influential social network. This was his response to a post from Ethereum lead developer Tim Beiko.

Parithosh explained that with 7 testnets launched in a week, the Ethereum team might have broken a record. He said the launch was ” through shadow forks, shapella, verkle, and 4844 “. That said, Tim Beiko had declared : “ The speed at which we have improved to launch test frameworks on Ethereum L1 is pretty crazy “.

A record!

Ethereum lead developer reported that launching a new testnet takes less time than before. He explained that the operation used to be a very big deal “. But today, it is almost a routine. He then congratulated the Ethereum Developers Foundation for the work done to get to this stage.

Preparations for Shanghai are progressing

Last week, Ethereum developers successfully deployed a first shadow fork of mainnet. The latter is intended for staked ETH withdrawal capacity viability test. Moreover, this 1er February, the developers launched the first public withdrawal testnet.

This is precisely the Zhejiang public testnet. Now the developers are preparing for the launch of two testnet upgrades. These are the Shanghai Upgrade and the Capella Upgrade.

The highly anticipated Shanghai hard fork is expected to take place in March. This event should allow stakers to withdraw funds staked on Beacon Chain, a side network of Ethereum. However, after the Shanghai upgrade, there will be a withdrawal hold. This will be done in anticipation of withdrawal times which could be very long.

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