At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
Crypto Staking
What are Crypto Staking Pools?
Staking pools are groups of individuals who pool their resources to increase their chances of validating blocks and earning rewards in a Proof of Stake (PoS) blockchain network. In a PoS system, validators are chosen to create new blocks and validate transactions based on the amount of stake they hold, typically measured in the native cryptocurrency of the network. By pooling their resources together, individuals in a staking pool can increase their chances of being chosen as a validator and…
Block Education 
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2 weeks ago 
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What is Crypto Staking?
Crypto staking is a process in which holders of certain cryptocurrencies can earn rewards for supporting the network by holding their coins in a wallet and participating in the validation of transactions. This is in contrast to the mining process, in which rewards are earned by contributing computing power to solve complex mathematical problems and validate transactions. To participate in staking, a person typically needs to have a certain amount of the specific cryptocurrency in their wallet and run a…
Block Education
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1 month ago 111 views