Ethereum Developers Launch “Zhejiang” – The Brand New Testnet for ETH Withdrawals

Source: AdobeStock / Sergey Nivens

Ethereum developers are about to launch a brand new test atmosphere that enables testing of long awaited withdrawals of staked ETH tokens.

The brand new testnet, that has been dubbed “Zhejiang,” is really a necessary step to ensure that developers and regular users to check the way the network handles withdrawals of staked ETH. The brand new feature is famous in technical circles as Ethereum Improvement Proposal (EIP)-4895.

Allowing withdrawals of staked ETH is really a long awaited feature considering that users who’ve staked their ETH on Ethereum’s new proof-of-stake (PoS) blockchain to date happen to be not able to withdraw – or ‘unstake’ – their tokens.

Zhejiang goes live at 15:00 UTC on Wednesday, Feb 1st.

But even though the testnet launches on Wednesday, Ethereum Foundation engineer Barnabas Busa stated on Twitter now that regular users will have watch for 6 more days to test the simulated withdrawals. For the time being, these users can deposit ETH towards the testnet’s validators, after which withdraw them beginning on Feb 7.

“Rocky start” web hosting testnet

The launch from the public testnet uses a personal testnet for Ethereum developers premiered on The month of january 26. The testnet departed to “a very rocky start” based on Busa, who added the network later stabilized.

Shanghai replace on track

Withdrawals of staked ETH is an integral part from the next major upgrade from the Ethereum network referred to as Shanghai hard fork.

Inside a developer call recently, Ethereum core developer Marius Van Der Wijden stated that progress for the Shanghai upgrade is nice.

“Situations are searching great. I am unaware of any problems that could delay Shanghai now,” Van Der Wijden stated within the call.

The confirmation that situations are on the right track for that Shanghai hard came after developers agreed to get several EIPs associated with the EVM Object Format (EOF) which were said to be a part of Shanghai. Based on the developers, EOF will rather be incorporated inside a separate Ethereum upgrade between the 3rd quarter this season.

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