Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals
www.coindesk.com/tech/2023/04/12/ethereums-shanghai-upgrade-activates-starting-new-era-of-staking-withdrawals
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," has been finalized, enabling withdrawals for users who have "staked" their ether (ETH) to secure and validate transactions on the blockchain.
The Shanghai upgrade was triggered at 22:27 UTC, 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.
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.
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