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    Home»Ethereum»Ethereum launched a testnet to check the withdrawal of ETH from Beacon Chain
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    Ethereum

    Ethereum launched a testnet to check the withdrawal of ETH from Beacon Chain

    AdministratorBy Administrator01.02.2023No Comments1 Min Read
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    Ethereum

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    On February 1 at 15:00 UTC, the Zhejiang testnet was launched to simulate the withdrawal of ETH from the Beacon Chain staking contract. The functionality is provided in EIP-4895, planned for the next Shanghai hard fork of the Ethereum network.

    The Shanghai+Capella upgrade is going full steam ahead! The first public withdrawals testnet is launching 1st of Feb at 15 UTC.

    All info here: https://t.co/S5kp9o6Pzs#TestingTheWithdrurge https://t.co/fw2SZqPbHe

    — parithosh | 🐼👉👈🐼 (@parithosh_j) January 31, 2023

    On February 7, a hard fork will take place in Zhejiang, which will activate EIP-4895. At the moment, users will only be able to deposit ETH.

    Previously, developers launched devnet to test the function of withdrawing cryptocurrency from a deposit contract by validators.

    On January 24, the Ethereum team successfully implemented the shadow fork of Shanghai to test the impact of the planned upgrade on the mainnet.

    Recall that the developers called March 2023 the approximate date for the Shanghai hard fork in the mainnet.




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    Beacon Chain Check ETH Ethereum Launched Testnet withdrawal
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