Ethereum Staking Withdrawal Testnet for the start in Shanghai

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Laut einem Ethereum-Entwickler, der das Update am 31. Januar veröffentlichte, geht das öffentliche Testnetz von Zhejiang am 1. Februar um 15.00 UTC live. Das Testnetz wird den Benutzern einen ersten Vorgeschmack auf den Abhebungsprozess und die Netzwerkfunktionalität nach dem Shanghai-Upgrade geben, das für März geplant ist. Benutzer können Auszahlungen jedoch erst testen, wenn die Testnetze von Shanghai und Capella sechs Tage später aktualisiert werden. Diese Anfangsphase dient dem Testen von Einzahlungen an Validatoren und dem Kennenlernen der Benutzeroberfläche, dann werden Testabhebungen am 7. Februar aktiviert, sagte der Entwickler. Das öffentliche Testnetz von Zhejiang geht morgen (1. Februar 15:00 UTC, 2023) …
According to an Ethereum developer who released the update on January 31, Zhejiang's public test network will take place on February 1 at 3:00 p.m. UTC live. The test network will give users a first taste of the withdrawal process and the network functionality according to the Shanghai upgrade, which is planned for March. However, users can only test payments if the test networks from Shanghai and Capella are updated six days later. This initial phase serves to test deposits on validators and to get to know the user interface, then test cancellations are activated on February 7, the developer said. Zhejiang's public test network goes tomorrow (February 1, 3:00 p.m. UTC, 2023) ... (Symbolbild/KNAT)

According to an Ethereum developer who released the update on January 31, the Zhejiang public test network goes on February 1 at 3:00 p.m.

The test network will give users a first taste of the withdrawal process and the network functionality according to the Shanghai upgrade, which is planned for March.

Users can only test payments if the test nets from Shanghai and Capella are updated six days later.

This initial phase is used to test deposits on validators and to get to know the user interface, then test cancellations are activated on February 7, said the developer.

The public test network from Zhejiang will be live tomorrow (February 1, 3:00 p.m. UTC, 2023). Shanghai+Capella is triggered 6 days later (at Epoch 1350). You can store validators, practice BLS change and get out without risk. All links are here: https://t.co/xnlsdig0cm pic.twitter.com/skkdjmolt2

- Barnabas Busa (@barnabasbusa) 31. January 2023

"The test network should imitate a post-merg chain. Therefore, the genesis state will be in a collected state," says the documentation.

Ethereum Staking Latest

The upgrade of Ethereum Shanghai is one of the most expected events in the crypto calendar this year. It will enable the gradual release of ETH, which were stuck on the beacon, chain for up to 26 months.

Many industry observers have predicted that this will be a blessing for the Ethereum's staking, since it is no longer blocked. Liquid-staking platforms such as Lido should benefit from it, as they offer more chances of return than direct staking.

When Shanghai is used, the stacked ETH is released in tranches, not at once. In addition, Ethereum's payout period is dynamic and depends on how many validers get out at this point. Validators have to go through a two -stage process to be able to withdraw, and this includes a starting queue and a payout period.

The output queue is subject to a mechanism that ensures the stability and safety of the network and is referred to as a churn limit. If a large number of Validiers want to get out at the same time, the cancellation period can be a few months.

in March this changes and it will have an enormous impact on Ethereum.

The Shanghai/Capella-Fork will probably go live next month, and it enables payments from the Beacon Chain, among other things. The demolished ETH, which has collected interest, will finally be available.

- Jack Niewold 🫡 (@jackniewold) 26. January 2023

currently 16.3 million ETH is blocked on the Beacon Chain. At current prices, this is estimated at around $ 25.9 billion, which corresponds to 13.5 % of the total circulating offer.

ETH price view

Ethereum prices have remained relatively unchanged in the last 24 hours. ETH rose over $ 1,600 a few hours ago during the Asian trade, but could not stay above this level.

ETH was traded at $ 1,587 at the time of the writing of this article, almost exactly the same price as two weeks ago, while the consolidation continues.

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