Will Shanghai Upgrade Unlock Staked ETHs? Ethereum Developer Announced!

on Ethereum.org Shanghai upgradeIt was understood that the information that the staked Ethereums can be withdrawn is false information.

Ethereum (ETH) from the developers Micah ZoltuIn a statement to the site named CaryptoSlate, he said that the upcoming Shanghai upgrade will not result in the withdrawal of staked ETHs.

“According to Ethereum.org, the withdrawal function will be enabled after the Shanghai upgrade. However, this is not true. Shanghai upgrade will not result in withdrawal of staked ETH.

Currently, ETH can only be deposited into the staking contract and cannot be withdrawn.

Many investors are waiting for the Shanghai upgrade, but there is currently no agreed timeline for enabling withdrawals.

Also, the core developers have not yet discussed or decided what will be included in the Shanghai upgrade.”

On Ethereum since the Proof-of-Stake (PoS) Beacon Chain went live in December 2020, a total of 13.4 million ETH locked. The current value of staked ETHs is $20.9 billion.

Shanghai upgrade, Ethereum Although it focuses on reducing the high gas prices in its network, there are no clear plans yet on how this target can be achieved.

It was stated that the target of the Shanghai upgrade was the withdrawal of ETH staked on the chain, apart from the high gas fees, but there is no clear decision on this issue either.

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