Parithosh Jayanthi, an Ethereum Foundation developer, posted on the 31st of January 2023 that Zhejiang, Ethereum’s public withdrawal testnet will be launched on the 1st of February 2023. After six days will pass after the launch, Shanghai and Capella will also be launched.
Jayanthi provides all tools the chance to try out how to gather, showcase, and leverage withdrawal information. Users can try to swap 0x00 and 0x01 credentials and establish an address for withdrawals. Platforms can test both partial and full withdrawals by exiting their validators.
Once it is fully implemented, the Shanghai upgrade will enable users to withdraw their staked rewards and ETH assets. Following the success of the September 2022 merge upgrade, users started to stake ETH on the proof-of-stake network. Until the testnet receives a new upgrade, those funds will remain locked.
Zhejiang, according to Barnabas Busa, an ETH developer, will reportedly be the premier public testnet to rollout following the Merge update. Despite it being in its beta version, the full source code for withdrawals has been posted by Ethereum on its website.
Ethereum Foundation devs have established March 2023 as the Shanghai hard launch date. Furthermore, Zhejiang will also showcase all EIPs (ETH Improvement Protocols) which will be incorporated in Shanghai.
Once Shanghai is implemented, the next upgrade will be EIP-4844. It will be launched at the start of the summer of 2023. EIP-4844 is rumoured to be able to grow L2 rollups scalability on Ethereums by hundreds of times and decrease transaction charges.