Ethereum Team Starts Testing Staking Withdrawals

Ethereum developers have prepared a new network for testing withdrawals with staking rewards.

With an update called Shanghai next year, Ethereum developers will confirm that validators on the network, to withdraw staking rewards wants to provide.

Regarding the new network they have established for developers, Marius Van Der Wijden from the developer team said, “This is the first devnet to be able to make withdrawals and this is a big step forward.” said.

According to Van Der Wijden’s statements, teams developing software for validators on the Ethereum network, prior to the Shanghai update. staking withdrawals to test and possible looking for bugs they started.

Ethereum this year The Merge With the update, it switched from the proof-of-work algorithm to the proof-of-stake algorithm. In this way, users can either be a validator in the network or themselves or a third party You can stake through.

After big names such as Coinbase, Kraken, Binance, Bitcoin Suisse started offering services for these users, most of the ether deposited in validator nodes on the Ethereum network began to be managed by such names.

Ethereum developers, shooting for staking rewards by activating this feature, to address centrality concerns aims.

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