Ending Soon! Save 33% on All Access

Sepolia Successful as Ethereum Simulates Shanghai Hard Fork Sepolia is the second of three testnets to run through a similar simulation, the first one being Zheijang

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Sepolia, a second test network (testnet) of Ethereum, successfully replicated withdrawals of staked ether (ETH) on Tuesday. The recent development brings the Ethereum blockchain closer to its anticipated Shanghai upgrade, according to a report.

Sepolia is the second of three testnets to run through a similar simulation, the first one being Zheijang. However, the simulation of Sepolia was performed on a closed testnet meaning only Ethereum core developers ran the validators on the testnet.

The entire of concept of testnet revolves around copying a blockchain, in this instance Ethereum and allow developers to test any changes to the applications in a low-stakes environment. The upgrade was triggered at epoch 56832 at 4:04 UTC and finalized at 4:17 UTC. Ethereum has one more test Goerli, planned before Shanghai goes live.

The Shanghai Upgrade will mark Ethereum's complete transition to a fully functional proof-of-stake network, enabling validators to withdraw rewards earned from adding or approving blocks to the blockchain.

Goerli's testing would be the most anticipated given it would be the biggest of the the three testnets. Goerli testnet mimics the main Ethereum blockchain's activity closely.

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.

Franchise

What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.