Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: JordanKing on November 26, 2022, 07:33:20 AM
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The Ethereum space is all set to take another huge step towards the Shandong Testnet post the Ethereum Merge. Most of the Ethereum stakers will be happy to witness this step towards withdrawals.
The Shandong Testnet will be relaunched in the coming days, as per the Ethereum Foundation Javascript. Most of the Shanghai-considered EIPs are activated for the early customer testing on the pre-Shanghai testnet called Shandong.
Furthermore, Ethereum lead developer named Tim Beiko also stated There is strong consensus that withdrawals should happen as soon as possible, and if we add anything alongside them in the fork, the delays to Shanghai should be minimal. Team felt like a March fork with withdrawls should be possible.
The present ETH staking system is faulty as there are no withdrawal options available. Moreover, validator nodes must theoretically stake minimum 32 ETH tokens. As a result, only notable ETH holders are capable to open operate a validator node for the Beacon Chain. But, most of the exchanges currently permit their customers to stake Ethereum on their nodes such as Coinbase, Binance, Uphold among others.
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I understand that staking with Ethereum presents a very good opportunity to be gaining passive income despite the continually bearish mode of ETH in the market. The only problem is that it can take someone with huge holdings to be able to participate so I guess participating in a pooling system can be a good idea. The only factor is just trust which is getting to be so scarce these days of the FTX collapse contagion. I am then happy that soon stakers can enjoy what they are looking for: withdrawals. Hope this will not be further affecting the price of ETH in the market.