Galaxy Digital’s Christine Kim discussed Ethereum’s Shanghai upgrade on an episode of Unchained Kim believes unlocking of staked Ether, subsequent withdrawals will stress test the network Christine Kim, the Vice President of Research at Galaxy Digital, recently appeared on a podcast hosted by Laura Shin. Kim, who is an experienced Ethereum researcher, shared her thoughts […]
Kim believes unlocking of staked Ether, subsequent withdrawals will stress test the networkhosted by Laura Shin. Kim, who is an experienced Ethereum researcher, shared her thoughts on the highly anticipated Shanghai upgrade and its impact on the network and ETH’s price.Shanghai upgrade
As for the subsequent Capella upgrade, Kim claimed that Capella illustrates the changes that will come to the beacon chain, the consensus layer of Ethereum, while Shanghai illustrates the changes that will come to the execution layer of Ethereum. When asked about the impact of the withdrawals of staked Ether on the network, Kim acknowledged that it is a matter of concern, given that there are more than 17.5 million staked ETH at the moment. She agreed that mass withdrawal of staked Ether will stress test the limitations of the network. She also added that withdrawals will impact the incentives, with the network increasing rewards in order to attract validators.
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