Rhino Review - Shapella Special Issue
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Rhino Review - Shapella Special Issue
It's time to 🦉withdrOWLs!🦉
Welcome to this special edition of Rhino Review. 🦏
In today's issue, I'll provide crucial information regarding the upcoming Shapella upgrade, a list of helpful links and the latest client updates.
When Shapella?
Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 👉 Check official announcement.
Shanghai is the name given to the execution layer (EL) upgrade, and Capella is the name of the coinciding consensus layer (CL) upgrade, thus merging the two names.
The only feature included in the Capella upgrade is beacon chain withdrawals. Withdrawals will finally allow stakers to recover their stakes and rewards from the beacon chain into normal Ethereum addresses.
Two withdrawal mechanisms are planned.
Exited and withdrawable validators will have their full balances automatically transferred to their withdrawal addresses.
Excess balances from active validators will be regularly swept into their withdrawal addresses.
The consensus layer's Capella upgrade will happen simultaneously with the execution layer's Shanghai upgrade.
Do your part, stake from home.
How to Watch?
Join EthStaker Shapella Watch Party
Another cool party is Nethermind’s Shapella Livestream. Check it out.
How do I prepare?
Please refer to this guide which is explained step by step. You may want to explore the links in the designated Helpful Link section to obtain comprehensive information.
If you have no plans to withdraw your assets, there is no need for you to take any additional steps beyond ensuring that your consensus and execution clients are up to date. You can withdraw your assets any time following the fork, so there is no pressure to act hastily.
It's important to note that you won't receive your skimmed rewards until your address is converted to 0x01. However, there is no need to worry if you don't make this change immediately - your rewards will not be lost and will continue to accumulate until the conversion takes place.
So take your time and make the decision that's best for you. 🍹
How to exit a validator?
Exiting a validator requires a signed message from your validator client. The exit process details are different for each client. These links are for each specific client:
Consensus Clients
Alternative node tooling:
Client Releases
Consensus Layer
Execution Layer
Helpful links
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: Ben Edgington https://eth2book.info/bellatrix/part4/history/capella/