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…
USDT
Tether (USDT) Stablecoin Explained
USDT (Tether) is a stablecoin pegged to the US dollar's value. It is built on the Bitcoin blockchain using the Omni Layer Protocol, Ethereum, TRON, EOS, Solana, Algorand, and others. USDT can be used to store, send, and receive value in a decentralized manner, similar to Bitcoin. The key difference is that while the value of Bitcoin and other cryptocurrencies can fluctuate widely, the value of USDT is intended to remain stable, as it is pegged to the US dollar.…
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