Ethereum: How To Prepare For Staking Withdrawal
Ethereum has achieved one major development-related milestone every year. Take the case of the last couple of years. In 2021, the network underwent the London hard fork. That introduced five new Ethereum Improvement Proposals, including EIP-1559. Then, The Merge happened last year. The upgrade changed Ethereum’s consensus mechanism from proof of work to proof of stake. As far as 2023 is concerned, the community has been bracing itself for the Shanghai hard fork. The same is set to take place over the course of the next few months and intends to unlock staking withdrawals. Earlier this week, an Ethereum testnet processed its first ETH withdrawal, bringing the network a step closer to the actual upgrade. Read More: Staked Ethereum Undergoes 1st Withdrawal On ‘Zhejiang’ TestNet How to prepare for the staking withdrawal upgrade? Ethereum recently updated its staking withdrawals page. With the new upgrade, users will be able to opt-in to automatically receive their rewards...