Ethereum Developers Successfully Perform Shanghai Hard Fork on Goerli Testnet

Ethereum continues to systematically approach the Shanghai hard fork. On March 14, the developers tested the update on the Goerli network, and in April the hard fork will be deployed on the main network.

When updating the Goerli Ethereum testnet, the developers encountered problems - several validators did not update their software before the hard fork. However, this did not interfere with the operation of the network.

“Deposits are being processed, but it looks like several validators have not updated their nodes. The problem is that ETH is useless on testnets, so there is little incentive for validators to update and monitor their nodes, says Ethereum Lead Developer Tim Beiko.)

As part of the Shangai and Capella updates, changes will be made to five different EIPs. Of course, the most anticipated changes in EIP-4895 are those that will allow stakers to unlock ETH. When a hard fork occurs on the mainnet, players will theoretically be able to unlock 17,6 million ETH (roughly $30 billion).

However, such a flow of ETH is unlikely to flood the market. It is quite possible that many, on the contrary, will start using shares for additional income, as before that they were afraid to block their coins.

Recall that the update of the Ethereum main network will occur in April. The developers have not yet chosen a specific date for the Shanghai hard fork.