Ethereum’s Goerli Test Network Upgrade Delayed

03/02/2023 15:41 • Metaverse & Beyond • 98 views

It is reported that the developers of Ethereum plan to complete the Shanghai upgrade of the Goerli test network (testnet) on March 14 (the Shanghai upgrade version is also known as Shapella). The main network of Ethereum will be upgraded to Shapella 3-4 weeks after the Goerli upgrade, which means that the pledged ETH withdrawal will be carried out in April, slightly delayed from the original three-month schedule set by the developers of Ethereum.

Ethereum developers will upgrade in Shanghai on the Goerli test network on March 14

Interpretation of the news:

Ethereum, one of the world’s leading blockchain platforms, has announced a delay in the upgrade of its Goerli test network. According to reports, the developers of Ethereum plan to complete the Shanghai upgrade of the Goerli test network on March 14. However, the upgrade of the main network of Ethereum to Shapella will take place three to four weeks after the Goerli upgrade, resulting in a delayed pledged ETH withdrawal. The developers originally intended to complete the upgrade in March, but the delay is expected to push the withdrawal to April.

The Goerli test network is one of several testnets created by Ethereum to test and experiment with various features and software updates before implementing them in the main network. The Shanghai upgrade or Shapella is a software improvement proposed by Ethereum developers to improve the network’s efficiency, scalability, and security. The upgrade also aims to address some of the issues that the Ethereum network currently faces, including high gas fees, slow transaction processing speed, and limited network capacity.

The pledged ETH withdrawal refers to a commitment made by users to withdraw their locked ETH from the Ethereum network. This withdrawal is significant in that it creates a shortage of Ether, which ultimately increases its value. The delayed withdrawal will affect users who had committed to withdrawing their ETH following the scheduled upgrade.

The delay in the upgrade of the Goerli test network is a significant setback for Ethereum, as it means that the network’s improvements will not be implemented as previously planned. However, the Ethereum community remains hopeful, as the upgrade is expected to improve the network’s overall performance and stability.

In conclusion, the Ethereum community will have to wait a little longer for the promised Shapella upgrade. Although the delay is a setback, it may be a blessing in disguise as it will allow the developers to fine-tune and test the software before implementing it in the main network. Furthermore, the delay underscores the complexity of blockchain technology and the challenges faced by developers in implementing significant improvements to the network.

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Ethereum’s Goerli Test Network Upgrade Delayed

Ethereum developers will upgrade in Shanghai on the Goerli test network on March 14

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