Ethereum validators can finally withdraw their staked Ether and rewards as the Shanghai hard fork was successfully executed on Ethereum.
The Shapella hard fork has officially been executed on the Ethereum Mainnet— meaning that Ethereum validators can finally withdraw their staked Ether from the Beacon Chain.Through Ethereum Investment Proposal EIP-4895, staked ETH was pushed from the Beacon Chain to the Ethereum Virtual Machine otherwise known as the execution layer, making withdrawals possible.
It is the most significant upgrade since The Merge on Sept. 15 and it moves Ethereum one step closer towards a fully functional proof-of-stake system.This closes the loop of the original beacon chain design. Validator can deposit -> withdrawal.The hard fork allows for partial and full withdrawals of staked ETH, which can theoretically unlock 18.1 million ETH when Shapella is forked, currently equating to over $34.8 billion.
However several mechanisms are in place to prevent a flood of the ETH supply from hitting the market,
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Not Ether, Builds Crypto Market Dominance Ahead of Ethereum's Shanghai UpgradeRegulatory concerns and worries of an immediate ether supply boost after the Shanghai upgrade are keeping investors from aggressively bidding up $ETH. reports godbole17
Read more »
Crypto Analysts Split on Ether Market Trends After Ethereum’s Shanghai UpgradeSome market observers expect an ether price swoon after the Shanghai or 'Shapella' upgrade while others believe the market will bounce after the event in a classic “buy the news” move. LedesmaLyllah reports
Read more »
JPMorgan, Fidelity differ on what Shapella means for ether priceEthereum is set for another major upgrade, but two of America's financial heavyweights disagree on what it means for ether.
Read more »
Bitcoin Holds Firm Above $30K, Ether Hovers Near $1.9K Ahead of CPI, Shapella UpgradeBitcoin held firm above $30,000 on Tuesday as investors awaited Wednesday’s U.S. Consumer Price Index for March and Ethereum’s Shapella upgrade. Ether recently traded around $1,895. _jocelynyang_ reports
Read more »
Bitcoin Slips Under $30K, Ether Staking Tokens Take a Beating Ahead of Shapella UpgradeCrypto traders likely took profits ahead of two key developers scheduled for Wednesday: The U.S. Consumer Price Index (CPI) for March, and the much-awaited Shapella upgrade for ethereum. By shauryamalwa.
Read more »
Ether-Bitcoin Ratio Likely to See Deeper Decline After Shapella Upgrade: QCP CapitalEther has underperformed bitcoin in the lead up to the Shapella upgrade, resulting in a 13.7% year-to-date decline in the ETH/BTC ratio.
Read more »