Source: blockchain.news
Tim Beiko, a key Ethereum developer, has revealed that the next planned upgrade for Shapella will take place on February 28. When epoch 56832 arrives, the Shapella network update will be operational on the Sepolia network.
The names Shanghai and Capella (Shapella) are now being considered for the next Ethereum hard split. On the client side of the execution layer, the fork is called Shanghai, while on the client side of the consensus layer, the update is called Capella.
At the execution layer, some major enhancements to the Ethereum Improvement Proposal (EIP) include automatic withdrawals on the Beacon Chain and a warm coin base. Warm coinbase is not to be confused with cryptocurrency exchange. Using a new “system level” type of operation, automatic withdrawals will allow validators to withdraw funds from the Beacon Chain and send them to the Ethereum virtual machine. Warm Coinbase, on the other hand, has the potential to be a game changer by lowering the network costs that developers have to pay.
The piece of software known as Coinbase is what the builders of the network use to credit themselves with newly issued coins. Each and every new transaction on the network is required to have many interactions with the Coinbase program. Because the program takes longer to “warm up,” the charge for the first engagement is higher than the fee for subsequent interactions, which decreases as the number of contacts increases. However, with the implementation of EIP-3651, the coinbase software will remain active from the start and users will need to pay a minor gas charge to access it.
The initial unique historical roots have been replaced by full and partial withdrawals for validators, as well as independent state and block historical accumulators. These are some of the major modifications that have been made to the consensus layer.
The ability to make a partial withdrawal allows validators to continue verifying transactions while withdrawing Ether (ETH) rewards in amounts greater than 32 Ether. Validators have the option to completely leave the system, collect all 32 Ether and prizes, and cancel if they wish to make a full withdrawal.
The next update will give validators the ability to transfer their staked Ether (stETH) from the Beacon Chain to the execution layer so they can spend it. In addition, the update would bring with it modifications to the execution and consensus layers, as well as the incorporation of new functionalities; therefore, it would be an essential update after the Fusion.
However, to take advantage of the Sepolia update, participants and non-participants running nodes must update their nodes with the latest versions of the Ethereum client. The next phase would be the release of the Shanghai update on the Ethereum Goerli testnet, which is expected to start in the month of March. This would be the next step after the implementation of the Sepolia update.
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