Ethereum's Shanghai Upgrade Marks New Era for Staking Withdrawals and Trading.

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Source: CoinDesk
Ethereum's Shanghai Upgrade Marks New Era for Staking Withdrawals and Trading.
Photo: CoinDesk
TL;DR Summary

Ethereum's Shanghai hard fork, also known as "Shapella," has been completed, allowing users who have staked their ether (ETH) to withdraw their funds and rewards. The upgrade marks a historic milestone for Ethereum, completing its multi-year transition to a full proof-of-stake network. The next issue the blockchain will tackle is scaling to make transactions faster and cheaper. Validators who want to exit the chain can now fully unstake their 32 ETH and any rewards they've accumulated. The unlocking of ETH deposited into the Beacon Chain may cause some selling pressure, but it is expected to be distributed over several days.

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