Ethereum’s long-awaited Shapella upgrades are now live, allowing those who staked ETH in the blockchain network to withdraw their cryptocurrency for the first time.
On April 12, E...
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Ethereum’s long-awaited Shapella upgrades are now live, allowing those who staked ETH in the blockchain network to withdraw their cryptocurrency for the first time.
On April 12, Ethereum Shanghai and Capella forks, colloquially called “Shapella,” upgraded the network’s execution and consensus layers respectively at epoch 194,048 to support Beacon Chain withdrawals.
Shapella is a major step in Ethereum development, introducing vital functionality to the network. ETH stakers, responsible for securing the Ethereum blockchain, are now able to withdraw their crypto from the Beacon Chain for the first time, 28 months after staking first went live, as part of Ethereum’s transition to the Proof of Stake consensus algorithm from Proof of Work.
