- Developers follow up with more Shadow Forks ahead of the Shanghai upgrade.
- Shanghai upgrade allows withdrawal of staked ETH
- Over 16 million ETH have been locked since Ethereum began its transition from a proof-of-work to a proof-of-stake chain.
Ethereum developers have successfully deployed the first “shadow fork” of the upcoming network upgrade Shanghai.
according to update A long-awaited shadow fork of the upgrade has been executed by one of the developers on Monday, January 23, 2023 at approximately 5:40 AM ET. As a copy of Ethereum’s mainnet, forking is a feature that provides an environment for developers to test their code. Before deploying to public blockchain.
Withdrawal-Mainnet-Shadow-Fork-1 finalizing 🚀🚀🚀
There were some issues initially as the config was not applied correctly to Guess (overriding mainnet config is not allowed). The configuration was applied correctly and all nodes are matching. Start some evil nodes.
— MariusVanDerWijden (@vdWijden) January 23, 2023
While commenting on the fork this morning, Ethereum Foundation developer Marius Van Der Wijden pointed out that there were some minor technical glitches in nodes using the Geth client.
However, the software developer stressed that the developer managed to fix the hitch and that all nodes are now matching when updating.
According to him, the next step is to test the “evil nodes” in both the execution and consensus layers. Malicious nodes are designed to spam invalid blocks when trying to trick other nodes into joining the bad chain, Van Der Wijden explains.
Unlock staked ETH with Ethereum’s Shanghai upgrade
As highly anticipated, the Shanghai upgrade will enable the withdrawal of staked Ether (ETH) tokens. This remains locked following the Ethereum “merge” last September. The Ethereum beacon chain went live in his December 2020, and investors have deposited millions of his ETH since then.
More than 16.16 million ETH are currently staked, accounting for just over 13% of the total Ether supply, according to Glassnode on-chain data.
data too show Over 11.4 million staked ETH has been deposited via staking services such as Lido, Coinbase and Kraken.
Of which, 11.408M $ETH 70.86% of the total is via staking service providers.
Superiority of staking services
– Lido: 29.3%
– Coinbase 12.8%
– Kraken 7.6%
– Binance 6.3% pic.twitter.com/5KAymd56tg
— Glassnode (@glassnode) January 22, 2023