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…
Validating
Crypto Staking, Delegating, and Validating Explained
The cryptocurrency network requires a robust infrastructure built on blockchain technology to enable it to run smoothly. Furthermore, users in these networks are essential in providing resources to maintain them. Two processes are essential in maintaining cryptocurrency systems: mining and staking. The mining process requires equipment and attention to monitor. Staking, on the other hand, provides users with a chance to earn coins without the need to mine or the need for high computational power. What is Crypto Staking? Staking involves…
3 years ago 5.3 k views