Staking withdrawals are expected to begin in the first quarter after OFAC compliance improvementmainnet transition from Proof-of-Work to Proof-of-Stake was the primary reason the second biggest blockchain was in the spotlight in 2022. The Merge, as it was named, marked the largest mechanism change in crypto history.
However, it wasn’t an all-year smooth ride for the blockchain as investors’ expectations dampened. Moreover, the blockchain’s validators needed help adapting to OFAC compliance policies. But before we dive deep into all that, let’s do a quick run back of how Ethereum fared in 2022.Prior to the Merge, the crypto ecosystem was confronted with several challenges which in turn, negatively affected the crypto market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: