Major software changes causes further problems
Cryptocurrency investors are facing delays to withdraw funds deposited on the Ethereum blockchain after its major software upgrade, highlighting persistent headaches for Ethereum which aims to have the technology widely used for instant payments.
Until Wednesday’s upgrade, investors could not withdraw funds they had deposited via this method, known as “staking,” on the Ethereum blockchain. The delays are an example of the limits in the transactions that Ethereum can process, highlighting its potential shortcomings as it strives to become a widely-used financial infrastructure.The delays are due to limits in the amount of transactions the blockchain can process, Nansen analyst Martin Lee told Reuters via email. It can process approximately 1,800 validator withdrawals, or 57,600 ether worth of exits per day, he said - that’s approximately $115 million.
The major Binance exchange said users would be able to withdraw their ether from its staking product from April 19, and that it may take “15 days to several weeks” to process these transactions.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ethereum upgrade to unlock over US$30B in crypto tokensThe software that underpins the second-biggest crypto coin ether is due for a software upgrade on Wednesday that will give investors access to more than US$30 billion of the digital tokens.
Lire la suite »
Shapella: How Ethereum's latest upgrade could impact ETH price and ecosystem growth(Kitco News) - Tomorrow’s Shanghai and Capella upgrades to the Ethereum network, known collectively as ‘Shapella’, could have a major impact on the price of ETH in the near term, and will have major implications for the growth of the Ethereum ecosystem going forward.
Lire la suite »
Ethereum (ETH) Shapella upgrade successfully goes liveEthereum, one of the leading blockchains in the cryptosphere, has successfully integrated the Shapella upgrade. […]
Lire la suite »
ZA Bank begins offering accounts to small crypto firms in Hong KongHong Kong’s ZA Bank has begun offering cryptocurrency account services for crypto firms and now supports crypto-to-fiat exchanges for retail traders.
Lire la suite »
Police make 42 arrests, seize 173 guns, drugs, cash, and ammo during major cross-border bustFourty-two people are facing more than 400 criminal charges following a year-long international gun trafficking investigation.
Lire la suite »
There might be a major problem with the new renovations at Rogers CentreThe Toronto Blue Jays return to a very different-looking Rogers Centre today for their home opener. The latest round of renovations has reshaped th...
Lire la suite »