{"id":501921,"date":"2022-10-19T00:15:00","date_gmt":"2022-10-18T21:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-launches-testnet-for-shanghai-upgrade-heres-what-is-next\/"},"modified":"2022-10-19T00:15:00","modified_gmt":"2022-10-18T21:15:00","slug":"ethereum-launches-testnet-for-shanghai-upgrade-heres-what-is-next","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-launches-testnet-for-shanghai-upgrade-heres-what-is-next\/","title":{"rendered":"# Ethereum launches testnet for Shanghai upgrade: Here\u2019s what is next"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ae9337f032\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ae9337f032\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-launches-testnet-for-shanghai-upgrade-heres-what-is-next\/#%E2%80%9D_Ethereum_launches_testnet_for_Shanghai_upgrade_Heres_what_is_next_%E2%80%9C\" >&#8221; Ethereum launches testnet for Shanghai upgrade: Here\u2019s what is next  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Ethereum_launches_testnet_for_Shanghai_upgrade_Heres_what_is_next_%E2%80%9C\"><\/span>&#8221; Ethereum launches testnet for Shanghai upgrade: Here\u2019s what is next  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMTQ2ODcxMDQtYjIyYy00NzdiLTk0YjMtMjgwZjUwOTNjNWE3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>Staked ETH withdrawal and lower gas fees are some of the developments<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/github.com\/ethereum\/execution-specs\/blob\/master\/network-upgrades\/mainnet-upgrades\/shanghai.md\"> expected<\/a> with the next critical improvements for the Ethereum network, the Shanghai upgrade. The testnet version, dubbed Shandong, is now live. \u00a0Developers can now begin working on the implementations; a process expected to continue until September 2023.\u00a0<\/p>\n<p>This is the first major update since Ethereum&#8217;s consensus switched to Proof-of-Stake (PoS) in September after the Mainnet and Beacon Chains merged.<\/p>\n<p>Moreover, the coming upgrade introduces an elemental change to Ethereum Virtual Machine (EVM), the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> that powers the network smart contracts. EIP-3540, or EVM object format, is one of the community&#8217;s most-anticipated updates since it separates coding from data, which could be beneficial for on-chain validators. Galen Moore, content lead at Axelar, told Cointelegraph about the proposal:<\/p>\n<blockquote><p>&#8220;From my perspective, EIP 3540 is the most significant upgrade proposed for Shanghai. It\u2019s a further step toward interoperability within the Ethereum ecosystem. Currently, Layer-2 networks on Ethereum use a cumbersome code validation process. EIP 3540 separates code and data, making that process more efficient. It\u2019s especially good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> for the growing ecosystem of Polygon Supernets \u2014 d<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>chains built on Polygon Edge.&#8221;<\/p><\/blockquote>\n<p>Another expected proposal is EIP-4895, which will allow staked ETH and earned rewards withdrawals via the Beacon Chain. In order to ensure network stability, validators with staked ETH currently cannot withdraw funds directly.\u00a0<\/p>\n<p><strong>Related:\u00a0Does the Ethereum Merge offer a new destination for institutional investors?<\/strong><\/p>\n<p>Among the proposals under consideration, the upgrade will also introduce changes to layer-2 protocols, reducing gas prices by equalizing block sizes and increasing calldata efficiency in the network. Moore also noted: <\/p>\n<blockquote><p>&#8220;When specialized chains can build on a Layer-2 like Polygon and reduce the cost of communicating with the base chain Ethereum, that reduces gas prices for users everywhere in the ecosystem \u2014 by making it more efficient to scale horizontally in a way that spreads demand.&#8221;<\/p><\/blockquote>\n<p>As previously reported by Cointelegraph, the Merge was the first step in this five-part process, which has since been elaborated upon by a number of Ethereum developers, ecosystem participants and commentators. The key change of the Merge is the drastic reduction in power consumption, reducing Ethereum\u2019s energy usage by 99%.\u00a0<\/p>\n<p>Additional steps to come include the Surge, an important step in increasing the scalability of the blockchain\u2019s ability to store and access data, followed by the Verge, Purge and Splurge. The last three steps in Ethereum\u2019s ongoing development and set to take place over the next few years. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-launches-testnet-for-shanghai-upgrade-here-s-what-is-next\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Ethereum launches testnet for Shanghai upgrade: Here\u2019s what is next &#8220; Staked ETH withdrawal and lower gas fees are some of the developments expected with the next critical improvements for the Ethereum network, the Shanghai upgrade. The testnet version, dubbed Shandong, is now live. \u00a0Developers can now begin working on the implementations; a process&#8230;<\/p>\n","protected":false},"author":1,"featured_media":501922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMTQ2ODcxMDQtYjIyYy00NzdiLTk0YjMtMjgwZjUwOTNjNWE3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74891,95119,132233,103657],"class_list":["post-501921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-ethereum","tag-layer2","tag-sharding","tag-upgrade"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=501921"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/501922"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=501921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=501921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=501921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}