{"id":526645,"date":"2023-04-12T16:30:45","date_gmt":"2023-04-12T16:30:45","guid":{"rendered":"https:\/\/ktsl888.com\/?p=526645"},"modified":"2023-04-12T15:23:09","modified_gmt":"2023-04-12T15:23:09","slug":"validators-to-withdraw-ethereum-after-shanghai-launch","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/validators-to-withdraw-ethereum-after-shanghai-launch\/","title":{"rendered":"Over 3,000 Validators To Withdraw After Ethereum Shanghai Upgrade"},"content":{"rendered":"
Ethereum (ETH)<\/span><\/a> has been making headlines lately with its upcoming Shanghai upgrade, which promises to bring significant improvements to the network. One of the most anticipated changes is the ability to withdraw staked ETH, which has been a long-standing concern for many users and validators.<\/span><\/p>\n Now that the upgrade which will allow for the withdrawal of staked ETH is set to happen later today (April 12), a <\/span>report<\/span><\/a> from the market intelligence platform IntotheBlock shows only 0.6% of validators are interested in withdrawing their staked ETH.\u00a0<\/span><\/p>\n According to the report, out of the 562,717 Ethereum validators, only a total of 3,614 opted for withdrawal as of April 10. While this figure is significantly lower than the total validators on the Ethereum network, the chart shows it could still impact the Ethereum price.<\/span><\/p>\n The Ethereum Shanghai upgrade, also known as <\/span>Shapella,<\/span><\/a> is a result of the network\u2019s staking system which involves validators locking up a certain amount of ETH in order to participate in the consensus process and validate transactions on the Ethereum network.<\/span><\/p>\n Related Reading: Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why<\/a><\/p>\n In return for their efforts, validators are rewarded with additional ETH. However, until now, staked ETH has been locked up and unable to be withdrawn from the network, meaning that users who wanted to participate in staking had to make a long-term commitment to their investment.<\/span><\/p>\n The ability to withdraw staked ETH has been a much-requested feature for some time, and the upcoming Shanghai upgrade is set to finally make it a reality. With the Shanghai upgrade set to take place later today, users will now be able to withdraw their staked ETH, which is a significant development for the Ethereum 2.0 project.\u00a0<\/span><\/p>\n So far, there is no accurate answer to how the <\/span>Ethereum price<\/span><\/a> could react following the Shanghai launch as there are many factors at play in the cryptocurrency market. However, from a technical perspective, ETH could record a notable movement.\u00a0<\/span><\/p>\n Related Reading: Why Is Ethereum (ETH) Still Trading Below $2,000?<\/a><\/p>\nRun Down On Shanghai Upgrade<\/span><\/h2>\n
Shanghai Launch Impact On Ethereum Price?<\/span><\/h2>\n