Ethereum found massive bug, Shanghai upgrade may be delayed

Ethereum core developer Tim Beiko noted that the indicated Shapella bug should not impact the timeline for the Sepolia upgrade scheduled for February 28.
With the Shapella test run results out, Beiko noted that some parameters are not pleasing, and the developers are re-looking into the matter.

The Ethereum (ETH) core developers are in constant discussions to improve the user experience on different decentralized applications (Dapps) running on the mainnet. Having invented smart contracts, the Ethereum network has attracted over 1600 decentralized applications, including blockchain games, decentralized exchanges (DEXes), and decentralized financial platforms (DeFi). Some of the most popular Ethereum-based Dapps include Uniswap V3, AAVE Protocol, Curve Finance, OpenSea NFT marketplace, and MetaMask digital wallet, among others.

However, due to the nascent nature of blockchain technology and the fast adoption in different jurisdictions, the Ethereum core developers are keen to keep debugging the blockchain for scalability and efficiency. Moreover, the Ethereum network leads in a total value locked (TVL) of approximately $28.98 billion, which is expected to be withdrawable after the Shanghai upgrade.

Is Ethereum Shanghai Upgrade at Stake?

In the weekly Ethereum discussions, core developer Tim Beiko noted that Marius VanDerWijden found a Shapella bug that showed up during full sync for empty blocks. With similar issues reported by other Ethereum developers, Beiko indicated that the team felt confident to patch it quickly. Marius noted.

The last 4 and a half stressful hours of debugging culminated in this amazing bug fix. We got reports that geth nodes wouldn’t sync the Zhejiang devnet correctly. The issue was that if a block body was empty (no tx, no withdrawals) we wouldn’t initialize it correctly.

Notably, Beiko added that the developers felt the indicated Shapella bug should not impact the timeline for the Sepolia upgrade scheduled for February 28.

Teams didn’t feel like this should affect the timeline for the Sepolia upgrade, so we’re still on for Feb 28, 4am UTC. https://t.co/gbC6MyARlg

Expect client releases and a blog announcement early next week

— timbeiko.eth (@TimBeiko) February 16, 2023

The Zhejiang, Sepolia, and Goerli updates culminate to the Shanghai upgrade expected in March. Notably, the Shanghai upgrade is expected to encompass several network tweaks, including the ability to withdraw over 16 million staked ethers.

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With the Shapella test run results out, Beiko noted that some parameters are not pleasing, and the developers are re-looking into the matter.

Clients saw a spike in RAM + CPU usage, and the devops team will be monitoring the devnet in the coming days to see how many credential update messages were included vs. lost.

— timbeiko.eth (@TimBeiko) February 16, 2023

As a result, Beiko indicated that Ethereum core developers will continue with more discussions, including 4844 transaction changes, SSZ, RPC, and SELFDESTRUCT improvements.

Ether Price Action

The Ethereum (ETH) price rallied to a five-month ATH around $1,740 on Thursday. However, the Ether price rebounded from a falling trend that began when the asset hit its ATH, $4,878, in November 2021. As a result, a correction could hit the Ethereum ecosystem in the coming weeks if the bulls do not take charge of current prices of around $1,666.

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Ethereum whales could, however, surprise the short traders in the coming weeks with a breakout from the 2022 bear market.

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