Coinbase And Big Exchanges Start To Enable ETH Unstaking Feature
The Ethereum network has just completed the Shanghai upgrade, bringing joy to the ETH community when the number of coins can be recovered after a long time of staking. Coinbase has informed users that they can now unstake ETH. The upgrade, which went live on Wednesday at 10:27 p.m. UTC, allowed validators who have secured the network with over 18 million ETH to begin withdrawals. There are two types of withdrawals: partial withdrawals.
Coinbase and several exchanges have informed the community that it is now possible to unstake their locked ETH. Moreover, some customers on the Kraken exchange are still unable to unstake due to network issues. The Ethereum network has been striving to transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus method. PoS is a more energy-efficient and environmentally friendly method of network protection since it does not need miners to conduct complicated computations to verify transactions. Validators must instead “stake” a specific amount of coin in order to participate in the network’s consensus process.
Source
https://t.me/DeFi_Ethereum
