#goerli

Ethereum upgrade launched on the Goerli testnet. Issues emerge; however, validator interest remained consistent. The much-awaited Shanghai upgrade was executed on Ethereum’s [ETH] Goerli testnet on 15 March. The Goerli network is a decentralized network designed to be a testing and development environment for Ethereum-based decentralized applications. Goerli forked! — timbeiko.eth (@TimBeiko)…

Ethereum’s long-awaited Shapella hard fork has been successfully executed on the Goerli testnet, the final test before Ethereum validators can withdraw their Ether from the Beacon Chain.

The Ethereum ecosystem is edging closer to its latest milestone as the Shanghai upgrade draws near.

Ethereum Foundation makes new Goerli Shapella announcement

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An important Ethereum upgrade is set to take place next week that will allow stakers to finally withdraw funds staked during the merge.

According to a tweet from Ethereum core developer Tim Beiko, the upgrade is scheduled to occur on March 14, preceded by a community call the day before, as announced on the Ethereum Foundation Blog. To monitor the Goerli upgrade, EthStaker will be hosting a live call on YouTube.

“After a smooth Sepolia transition, the Shapella upgrade is now scheduled for the Goerli testnet. This is expected to be the last testnet upgrade before scheduling Shapella for the Ethereum mainnet,” according to the blog. “This upgrade follows The Merge and enables validators to withdraw their stake from the Beacon Chain back to the execution layer. It also introduces new functionality to both the execution and consensus layer …”

On March 14, at 10 p.m. UTC, Ethereum developers plan to implement the Shapella hard fork on the Goerli testnet, which will delay mainnet withdrawals by three to four weeks. This launch will mark the first deployment on a public testnet that will allow full and partial staked ETH withdrawals to be tested.

Ethereum staking – what is it?

Starting from December 2020, users have been able to stake 32 ETH in a contract on Ethereum’s Beacon Chain consensus layer to become validators who secure Ethereum. As a reward, they receive incentives that can be withdrawn once Shapella is deployed on the Ethereum mainnet.

Post Ethereum’s Merge, each validator and standard node operator will operate consensus and execution client software that communicates through an Engine API. Various teams are responsible for writing and maintaining client software in diverse programming languages to enhance Ethereum’s security.

Ethereum staking update

Ethereum developers need to release the Goerli client software by early next week, and node operators require one to two weeks to upgrade their clients. The Sepolia testnet, which deployed the Shapella fork on February 28, 2023, is a permissioned testnet that only permits approved entities to operate validator nodes. The Goerli testnet was the first to support multiple Ethereum clients, enabling developers and node operators to test smart contracts using the testnet cryptocurrency called GoETH.

Now, according to the latest updates, users will be able to register as validators, validate transactions, and fully withdraw their funds to remove themselves from securing the network. As Sepolia is a permissioned testnet, short-term testnets are being created to allow validators to test their node setups before Shapella is deployed on the Ethereum mainnet. These testnets permit users to register as validators, validate transactions, and withdraw their funds entirely to relinquish their responsibility in securing the network.

When Sepolia launched, it addressed the supply issue by using an mintable ERC20 token for its beacon chain, rather than SepETH, which allows validators to effectively mint SepETH, post-Shapella. So, that should solve the supply issue!

— timbeiko.eth (@TimBeiko) February 23, 2023

In order to be compatible with the Goerli upgrade, it is necessary to update your node to the version of your Ethereum client.

Full details of the Shapella network upgrade can be found here.

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Goerli Shapella Announcement | Ethereum Foundation Blog

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Withdrawals are coming! The Shapella network upgrade will activate on the Goerli network at epoch 162304, scheduled for 10:25:36 PM UTC on Mar. 14, 2023

Stakers & node operators should read this post as well as the Withdrawals FAQ

The Zhejiang testnet can be used to test Shapella functionality prior to the Goerli upgrade

A Shapella Community Call is scheduled for 15:00 UTC on Mar. 13, 2023

You can now sign up to receive emails for these upgrade announcements. Scroll to the bottom of the page to do so 📩

After a smooth Sepolia transition, the Shapella upgrade is now scheduled for the Goerli testnet. This is expected to be the last testnet upgrade before scheduling Shapella for the Ethereum mainnet.

This upgrade follows The Merge and enables validators to withdraw their stake from the Beacon Chain back to the execution layer. It also introduces new functionality to both the execution and consensus layer, described below.

Upgrade Specification

The Shapella upgrade combines changes to the execution layer (Shanghai) and consensus layer (Capella). The Engine API, which is used by the execution and consensus layers to communicate, is also modified in Shapella.

Shanghai

Execution layer changes included in Shanghai are available here. For reference, they are:

Note that EIP-6049 is only a deprecation warning. Client teams expect SELFDESTRUCT semantics to change in future network upgrades, but the opcode’s behavior remains unchanged in Shanghai.

Additionally, the full set of Shanghai changes can now be viewed in the Ethereum Execution Layer Specification (EELS), which is a new Python reference implementation for the execution layer.

Capella

Changes to the consensus layer for the Capella upgrade are specified in the capella directory of the v1.3.0-rc.3 specifications. At a high level, the upgrade introduces:

Full and partial withdrawals for validators

BLSToExecutionChange messages, which allow validators using a BLS_WITHDRAWAL_PREFIX to update it to an ETH1_ADDRESS_WITHDRAWAL_PREFIX, a prerequisite for withdrawals

Independent state and block historical accumulators, replacing the original singular historical roots

Stakers are encouraged to read the Withdrawal FAQ for more information on how they should prepare for Capella.

Engine API

Changes to the Engine API can be found in the shanghai.md file of the execution-apis repository. In short, a WithdrawalV1 structure is introduced and added to various relevant strucutures and methods.

Client Releases

The following client releases support Shanghai & Capella on the Goerli testnet. Note that these releases are only for Goerli. A subsequent announcement will be made for the mainnet releases.

When choosing which client to run, validators should be especially mindful of the risks of running a majority client on both the EL and CL. An explainer of these risks and their consequences can be found here. An estimate of current EL and CL client distribution and guides for switching from one client to another can be found here.

Consensus Layer Goerli Releases

Execution Layer Goerli Releases

FAQ

As an Ethereum user or Ether holder, is there anything I need to do?

In short, no.

If you use an exchange, digital wallet or hardware wallet you do not need to do anything unless you are informed to take additional steps by your exchange or wallet provider.

If you run your own Ethereum node or validator, see the next questions.

As a non-staking node operator, what do I need to do?

To be compatible with the Goerli upgrade, update your node to the version of your Ethereum client listed in the table above.

As a staker, what do I need to do?

To be compatible with the Goerli upgrade, update your node to the version of your Ethereum client listed in the table above.

We recommend reading the Withdrawal FAQ. Additionally, you can test things on the ephemeral Zhejiang testnet prior to the upgrade activating on Goerli.

Note that Goerli will be the last testnet upgrade before mainnet. In other words, last call to test your setup! If you have questions, we recommend you join the Shapella Community Call.

What happens if I am a staker or node operator and I do not participate in the upgrade?

If you are using an Ethereum client that is not updated to the latest version (listed above), your client will sync to the pre-fork blockchain once the upgrade occurs.

You will be stuck on an incompatible chain following the old rules and will be unable to send Ether or operate on the post-Shapella Ethereum network.

As an application or tooling developer, what should I do?

Shapella does not introduce breaking changes for smart contracts. Application and tooling developers should review the upgrade changes to ensure any fixes are done, or to understand how to use newly introduced functionality.

Why “Shapella”?

Upgrades to the execution layer follow Devcon city names and those to the consensus layer follow star names. “Shapella” is the combination of Shanghai, the location of Devcon 2, and Capella, the brightest star in the northern constellation of Auriga.

Where Can I Monitor The Upgrade?

EthStaker are hosting a livestream during the Goerli upgrade. You can view it here.

Help – I Still Have Questions!

If you have more questions, you can join the Shapella Community Call on March 13 at 15:00 UTC. Client developers, researchers, and others will be there to answer questions.

Cover image by Yiran Ding

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Goerli’s Ethereum (GETH) tokens rose to as high as $1.60 during the weekend before tanking by more than 43% to $0.29 at the time of writing, according to Dexscreener data. The token’s market cap was $1 million, while its liquidity was around $157,000, according to the data. The Goerli testnet is one of Ethereum’s popular testnet, allowing developers to test applications before deploying on the…

'Free' Goerli ETH tanks 43% after rising to $1.60 during the weekend

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Goerli’s Ethereum (GETH) tokens rose to as high as $1.60 during the weekend before tanking by more than 43% to $0.29 at the time of writing, according to Dexscreener data.

The token’s market cap was $1 million, while its liquidity was around $157,000, according to the data.

The Goerli testnet is one of Ethereum’s popular testnet, allowing developers to test applications before deploying on the mainnet. This means that the ETH tokens on this testnet were supposed to be free and devoid of monetary value.

Crypto community reacts

Ethereum core developer Tim Beiko pointed out that the Goerli Ethereum token distribution had become “less reliable” — leading to hoarding among holders of the tokens.

Beiko added that the Goerli testnet would be “shut down eventually.”

Uniswap (UNI) founder Hayden Adams wondered why people were buying Goerli ETH tokens. Adams corroborated Beiko’s statement that the testnet would soon be unsupported and deprecated.

Polygon’s (MATIC) chief information security officer Mudit Gupta noted that “testnet ether is supposed to be free but is being marked up by speculators.” Gupta said:

“Keyboard warriors will tell you that the developers are buying it but no, they are not. Maybe 0.1% are buying for consumption. This is the start of the end of Goerli testnet. It served us well.”

A blockchain developer Aayush Gupta said hackers drained one of his test wallets because the value was attached to the test token. He added that “Goerli testnet is over. Move dapps & Protocols to L2 testnets.”

Journalist at CryptoSlate

Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.

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Ethereum builders on Goerli now have to pay back for exam ETH

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In an sudden twist, Ethereum developers now have to buy Goerli ETH, which are Testnet tokens, likely by recent occasions on Feb. 26.

Goerli ETH spikes to as high as $2

For each a display seize shared by a involved consumer, Goerli ETH, at one particular stage, improved palms at previously mentioned $2, dropping to all over $1 when it was posted on Twitter.

Ethereum, as a wise contracting platform, will allow developers to launch dApps in DeFi, NFTs, and additional. Taking into consideration the immutable mother nature of crypto transactions executed through intelligent contracts, builders will need a examination environment to refine their creations. 

The Goerli Testnet on Ethereum presents a platform for developers, everywhere in the globe, to examination their dApps using check ETH coin. In excess of the months, it has tested to be a beneficial source for developers. 

https://www.youtube.com/view?v=Ni3XocoNaDI

In the Goerli Testnet, for example, transactions posted are for testing needs though the ecosystem simulates the actual events on the mainnet. Transactions do not overlap, and these two networks continue to be unique. The crucial variation between the Ethereum mainnet and Goerli is that it employs a proof-of-authority consensus algorithm while the former employs a evidence-of-stake technique. ETH tokens issued here are freely issued to builders.

There are various means people can connect to the Goerli Testnet working with their hardware or computer software wallets like MetaMask or Coinbase wallet. Even so, these tokens are typically issued for each, frequently at a level of .1 ETH each 12 hours. 

Moreover, most taps require buyers to confirm their identification prior to becoming put in the queue to obtain exam ETH on Goerli. This is to prevent the Testnet from currently being flooded by destructive actors. 

Will advancement in Ethereum fall?

That Goerli ETH tokens are now not technically “free” as created ought to worry builders. 

Goerli eth is trading for ~$.69. Not good.

Testnet ether is intended to be cost-free but is being marked up by speculators.

Keyboard warriors will notify you that the builders are purchasing it but no, they are not. It’s possible .1% are buying for intake.

— Mudit Gupta (@Mudit__Gupta) February 26, 2023

This could specifically impact development as creators wishing to take a look at their dApps will have to wait around for price ranges to fall even much more should really they will need far more coins. 

The explanation for this, some analysts place out, is due to the fact of speculators who have been accumulating the examination token, expecting to exit when costs are better for income.

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