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Ethereum Testnet Successfully Processes First-Ever ETH Staking Withdrawals

From coindesk.com

An Ethererum test network (testnet) successfully simulated withdrawals of staked ether (ETH) for the first time, bringing the second-biggest blockchain yet another step closer to its historic transition to a fully featured proof-of-stake network. The upgrade was triggered at epoch 1350 at 15:00 UTC and finalized at 15:13 UTC. (10:13 ET). The testnet, known as Zhejiang, facilitated the withdrawal simulations early Tuesday after going live last week, according to an explorer website set up to track transactions on the system. The test network is designed to provide developers with a dress rehearsal of the withdrawals ... (full story)

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  • Category: Fundamental Analysis