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…
MATIC
What is Polygon (MATIC) and How Does it Work?
Polygon (formerly known as Matic) is a blockchain platform that aims to solve the scalability issues of the Ethereum blockchain. It uses a system of sidechains, separate blockchain networks pegged to the Ethereum mainchain, to process transactions. This allows for faster and cheaper transactions and increased decentralized applications (dApps) capacity. One of the key features of Polygon is its use of a proof-of-stake (PoS) consensus mechanism, which is more energy-efficient than the proof-of-work (PoW) mechanism used by Ethereum. This allows…
Block Education 
@BlockEducation
@BlockEducation
3 weeks ago 
73 views