Ethereum’s Shanghai Pre-Staking Withdrawal Testnet Launching Today

Ethereum (ETH) developers are launching the critical testnet of the Shanghai update today, which will allow staked Ether to be withdrawn by users.

Shanghai update, which is a landmark for Ethereum “Zhejiang” named test net Wednesday, February 1 day Turkey time 18.00will be launched in . Regarding the actions that users will take after the Shanghai update first experience and test your chances This network will provide a preliminary presentation especially for withdrawals.

Although the testnet will be launched today, users their first interaction after 6 days will do. After the 6-day period, users to validators (validator) will be able to try to deposit and an idea of ​​what the user interface will look like will be able to acquire.

With Shanghai update Proof of Stake (PoS) Ether staked for the mechanism is planned to be withdrawn by users. These locked Ethers Transfer is not allowed at this time.

Staking transactions on the Ethereum network December 2020started in , and the amount staked since then is approximately 25 billion dollars reached. According to the information presented on Ethereum.org, the amount of Ether staked at the time of writing 16 million 279 thousand was recorded as. According to the data, the locked assets on Ethereum are currently approximate total Ethereum supply 13% of forming.

Unlocking a large amount of assets is a serious challenge, according to some analysts. sales pressure Considering that most of the users who lock Ether to the contract while it has the potential, are in loss from the current price of Ethereum, a selling pressure may not occur at the expected rate.

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