A planned upgrade to the Ethereum blockchain called Shapella will enable users to now withdraw staked Ether tokens from the blockchain.
A software upgrade allowing investors access to more than $30 billion of digital tokens is scheduled for the second-largest cryptocurrency, Ether, on April 12. The upgrade to the Ethereum blockchain,
, will mean that investors can redeem an offshoot of Ether tokens they have deposited in exchange for interest on the blockchain network during the previous three years.Shapella, a combination of the words Shanghai and Capella, will modernize the code on the execution and consensus layers , the two "mainnet" layers of Ethereum. "Since The Merge, ether staking has been a one-way system. You can stake Ether, but you can't withdraw it.
Investors have projected that the modifications will cause Ether's volatility to increase. Some predict that a wave of selling caused by large redemptions could drive down the price of Ether, which now has a market cap of approximately $230 billion, second only to Bitcoin in terms of value.Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 📆
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