Educational Post Ethereum Shanghai Upgrade The Shanghai Upgr | Crypto VIP Signal

Educational Post

Ethereum Shanghai Upgrade

The Shanghai Upgrade is an upcoming Ethereum upgrade that will enable withdrawals of staked ETH. The Shanghai fork will implement EIP-4895, which allows validators to withdraw ETH that has been staked since as long ago as December 2020.

Over 16.5M ETH, worth over US$25B, has been staked via 520K+ validators (so far). The most common place to stake ETH has been with the liquid staking provider, Lido. The Shanghai fork also has several other EIPs, mostly designed to reduce gas costs for Ethereum developers.