Feb 22, 2023
Ethereum Sepolia Upgrade Scheduled for Feb. 28
Tim Beiko, an Ethereum core developer, recently announced the upcoming Shapella network upgrade, scheduled for Feb. 28. The Shapella upgrade, a combination of the Shanghai and Capella hard forks, will activate on the Sepolia network at epoch 56832 and bring a number of changes to the Ethereum blockchain.
The Shapella upgrade will introduce several Ethereum improvement proposal (EIP) changes on the execution layer, including warm coinbase and Beacon Chain push withdrawals. Warm coinbase is a game changer that reduces network fees for developers, while push withdrawals will enable validator withdrawals from the Beacon Chain to the Ethereum Virtual Machine via a new system-level operation type.
On the consensus layer, Shapella will introduce full and partial withdrawals for validators, as well as independent state and block historical accumulators, replacing the original singular historical roots. Partial withdrawal means validators can withdraw Ether (ETH) rewards in excess of 32 Ether and keep validating. If they want a full withdrawal, validators can fully exit, take all 32 Ether and rewards, and stop doing the work.
The Shapella upgrade is a key step following the Merge, and will enable validators to withdraw their staked Ether (stETH) from the Beacon Chain to the execution layer. Stakers and non-stakers who operate nodes must upgrade their nodes to the most recent Ethereum client versions to take advantage of the Shapella upgrade.
The deployment of the Shapella upgrade will be followed by the release of the Shanghai upgrade on the Ethereum Goerli test network, expected to commence in March.
The Shapella upgrade is a major development for the Ethereum blockchain, and it could open up new opportunities for NFT promotion, crypto marketing, and NFT marketing agencies. As a web3 agency, Shapella could provide a platform for selling NFTs and help companies promote their NFTs through Twitter NFT marketing campaigns. It could also help developers and entrepreneurs create innovative projects on the Ethereum blockchain.
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