, the network began using validators instead of miners. Validators had to stake 32 ETH in order to approve or add blocks to the blockchain.
Since the Merge, Ethereum developers have run numerous tests in order to ensure that staked ETH withdrawals would function properly. All three tests on Ethereum’s testnets ran smoothly, though theexperienced low participation rates because validator nodes did not upgrade in time. Ben Edgington, the product lead of Teku, an Ethereum client, told CoinDesk that “despite the reduced participation, we could see that all client types were producing valid blocks, and that participation increased over time. This reassured us that nothing was fundamentally wrong, just late upgraders.”
Guess I should start packing a lunch for the line of people waiting to get their hands on staked ETH! 🤣
cryptauxmargaux Great to see Web3 is continually innovating and pushing for advancements! Continuing to push towards initiatives and tools that will make a difference is how we get to mass adoption.
cryptauxmargaux sir, just to confirm, this means LSDs will be finally redeemable 1:1 right ?
cryptauxmargaux
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Source: CoinDesk - 🏆 291. / 63 Read more »