Vendi@vendiApr 11

Gm 馃尶

Crypto Word of the day #19

Shanghai upgrade
A hard fork on Ethereum where staked ETH used to secure the network will be withdrawable. It will be a simultaneous upgrade with Capella. So it is actually called Shapella.
(The upgrade on the execution layer is called Shanghai, on the consensus layer is named Capella).

EIP-4895 is one of the proposals that would let validators withdraw their tokens, there has been staked ETH from as early as 2020 when the Beacon chain was implemented.

Now the stakers will have two options if they want to withdraw: One is to withdraw any rewards accumulated over the last years, other is to withdraw their ETH completely and exit the Beacon Chain.

Post by @vendi.lens