Developers to Test Fund Withdrawals from Ethereum Deposit Contract

The Ethereum team has launched a devnet to test the function of withdrawing assets from a deposit contract by validators.

According to developer of the Geth client, Marius van der Wijden, the launch of devnet will prepare the blockchain for the implementation of the withdrawal function. It is planned to be integrated in 2023 as part of the Shanghai upgrade.

He has said:

“This is the first devnet that allows users to withdraw assets on all implementations, and this is a big step forward. It will also help developers from other clients test their implementations by joining the network.”

In addition to the Geth team, developers Lodestar, Teku, Lighthouse, Nethermind, and Prysm have joined the test.