Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals

Ethereum’s Shanghai hard fork, also referred to as “Shapella,” has been finalized, enabling withdrawals for users who have “staked” their ether to secure and validate transactions on the blockchain.

The much anticipated hard fork – essentially upgrading the blockchain by splitting off a new one – has been characterized by members of the Ethereum community as a historic milestone, completing its multi-year transition to a full proof-of-stake network.

Read more: CoinDesk