• Ethereum developers are launching the Shanghai Capella testnet this week.
• The upgrade includes a Maximum Extracted Value (MEV) Boost and a Prosperity Builder Separation (PBS).
• Despite the recent advancements, Ethereum still has a long way to go before it is “done.”
Ethereum Launches Shanghai Capella Testnet
Ethereum developers are launching the Shanghai Capella testnet this week. This upgrade follows “The Merge” and enables validators to withdraw their stake from the Beacon Chain back to the execution layer.
The upgrade includes a Maximum Extracted Value (MEV) Boost and a Prosperity Builder Separation (PBS). MEV-Boost allows validators to access blocks from a marketplace of builders, built by research organization Flashbots as an implementation of PBS for the proof-of-stake blockchain supporting the Ethereum network.
Tim Beiko’s Announcement
Tim Beiko, an Ethereum core developer, published a blog announcing the dates and final client releases for the Shanghai activation and Sepolia testnet. After months of testing, the Shanghai/Capella network upgrade is now scheduled for deployment on Sepolia.
Danny Ryan’s Post
Ethereum Foundation researcher Danny Ryan has recently published a blog stating that despite recent upgrades deployed on the network, Ethereum still has much work to do in order to reach its “sufficient end state”. According to Ryan, achieving such state requires providing secure enough services for clients and users of Ethereum protocol.
Although great progress has been made in terms of development and offering a safer ecosystem for customers since 2021 began, there is still much more work ahead for Ethereum team before they can say that the protocol is “done”.