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Coin Circle (120Btc.com) News: The Ethereum Foundation held its first All-Core Developers (ACD) meeting in 2023 on the 5th, confirming plans to launch a "public testnet" for the Shanghai upgrade in early February, and tentatively scheduled for March. At some point, Shanghai’s upgraded “mainnet” will be launched, and the long-awaited beacon chain ETH withdrawals will be opened.

According to "The Block" report, Ben, the product lead of the Teku client team
Edgington pointed out at the Ethereum Consensus Layer (CL) meeting on Friday (13th) that the development team launched a new developer network called "devnet2" on January 11 before the Shanghai upgraded mainnet shadow fork. , designed to help customer teams prepare for the upcoming Shanghai upgrade, test and find bugs in the Shanghai upgrade software, and ensure that the ETH withdrawal process is error-free.

Ethereum developers had previously launched the "devnet1" developer network in late November last year to test validators' ETH pledge withdrawals.

 Shanghai upgraded mainnet shadow fork will launch in a few weeks

According to the content of the meeting, Ethereum developers said yesterday that they had successfully deployed the first shadow fork of ETH withdrawal on the Sepolia test network as part of the preview of the Shanghai upgrade. However, the shadow fork only tested a few customers; Shanghai upgrade A shadow fork to the mainnet is expected to be launched in the coming weeks. A shadow fork is a test of the actual mainnet version to determine if the code is suitable for the real blockchain.

Marius Van Der, Ethereum developer on the Geth client team
Wijden explained that the shadow fork will increase the complexity of Shanghai upgrade testing, making it more similar to the final upgrade in March. "Shadow forks will add more load to the test, i.e. more transactions, more states, etc."

Van Der Wijden also added to Decrypt that things are looking great at the moment and he doesn’t see any signs of problems that will delay Shanghai’s upgrade.

Ethereum developers also plan to launch a public testnet in February, allowing stakers and staking companies to trial withdrawal capabilities and conduct stress testing before launch.

 ETH flashed up more than 6% and exceeded $1,500

Tokens supporting the staking protocol surged as users anticipated the successful implementation of the ETH withdrawal feature, CoinGecko data shows, Lido
Finance (LDO) has risen more than 45% in the past week and is currently trading at $2.22. Rocket Pool has also surged nearly 31% in the past seven days, temporarily trading at $29.44.

The upcoming upgrade in Shanghai has also made the price of ETH rise significantly since the beginning of this year. Around 8 o'clock this morning, it jumped 6.16% in one hour, reaching the $1,500 mark. It was trading at $1,550 at the time of writing, with an increase of 29% in the past two weeks. %, the currency price has recovered significantly.