# Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals

<https://www.coindesk.com/tech/2023/04/12/ethereums-shanghai-upgrade-activates-starting-new-era-of-staking-withdrawals/>

- Host: [coindesk.com](https://links.thingelstad.xyz/hosts/coindesk.com/)
- Saved: April 13, 2023 (2023-04-14T02:02:05Z)
- Record: https://links.thingelstad.xyz/links/46bd50be26a5/
- JSON: https://links.thingelstad.xyz/links/46bd50be26a5.json

## What Jamie wrote

I think Ethereum has tremendous potential. It is the most exciting thing in crypto to me. After a successful move to proof-of-stake, Ethereum is now allowing staking withdrawals.

> Ethereum's Shanghai hard fork, also referred to as "[Shapella,](https://www.coindesk.com/tech/2023/03/02/shanghai-capella-shapella-how-ethereum-devs-now-refer-to-upcoming-upgrade/)" has been finalized, enabling withdrawals for users who have "staked" their ether ([ETH](https://www.coindesk.com/price/ethereum/)) to secure and validate transactions on the blockchain.
> 
> The Shanghai upgrade [was triggered at 22:27 UTC](https://blog.ethereum.org/2023/03/28/shapella-mainnet-announcement), and finalized at about 22:42 UTC.
> 
> Roughly half an hour after the Shanghai upgrade was activated, some 285 withdrawals in epoch 194,408 had been processed, for about 5,413 ETH ($10 million worth), according to [beaconcha.in](http://beaconcha.in/).

This is another huge milestone and creates a level of sustainability in the staking ecosystem for Ethereum that should give it incredible durability for a very long time.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT250: Weekly Thing #250 / LLM, Shanghai, Wing](https://weekly.thingelstad.com/archive/250/), Notable

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## Elsewhere

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