Ethereum Staking Withdrawals Enter Testnet Stage, Price Rebounds Slightly
The price of ETH has increased to over $1200 since it was announced.
The withdrawal feature will arrive in the Shanghai upgrade.
The ETH price rebounded following Ethereum staking withdrawals entering the Testnet stage. Stakers can receive yields up to 25%
The ETH price is will increase by 10% to over $1,200 in the last 24 hours.
The Ethereum foundation javascript team said that it would relaunch the Shandong Testnet in the coming days with EIP-4895. Shandong is a pre-shanghai Testnet that activates a set of selected shanghai considered EIPs for early client testing.
We are relaunching the Shandong Testnet in the next days with EIP-4895 "Beacon Chain Withdrawals" enabled.
— EF JavaScript Team (@EFJavaScript) November 22, 2022
Stay tuned. https://t.co/eJdPSnmfQr
Ethereum developer Marius van der Wijden tweeted that a multiclient Devnet had launched which would allow the testing of withdrawals not supporting Lodestar, Teku, Lighthouse, Nethermind, and Geth.
And we have liftoff
— MariusVanDerWijden (@vdWijden) November 23, 2022
Multiclient withdrawal devnet with:
Lodestar
Teku
Lighthouse
Nethermind
Geth
Huge shoutout to @BarnabasBusa @M25Marek @Gajpower @n1shantd @EthDreamer
(Prysm should also work, but we had a config issue) pic.twitter.com/A0EWY8cO7Y
The progress towards withdrawals will be gladly welcomed by Ethereum Stakers, of which there are many it's other steps forward after the Ethereum merge earlier this year.
The shanghai upgrade is set to roll out next year and will be the biggest development since the Merge. it will introduce several critical upgrades and make changes to the EVM functionalities. The Beacon chain itself arrived far back in December 2020.
The live Ethereum price today is $1,202.09 USD with a 24-hour trading volume of $11,128,791,286 USD. Ethereum is up 3.13% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $147,104,888,306 USD. It has a circulating supply of 122,373,866 ETH coins
Ethereum price statistics The ETH price change in 24 hours is +$38.38 of 3.30% and ETH 24 hours low as $1,153.53 and 24-hour high is $1,211.63 with 17.63% Market Dominance.
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