Ethereum Developers Are Targeting March For Next Software Upgrade
- The upgrade would enable withdrawals of staked Ether tokens
- The capability is the highest priority for the developers
This article is for subscribers only.
Ethereum developers are hoping to roll out the blockchain’s next software upgrade around March to allow withdrawals of the cryptocurrency Ether used to secure the network.
Some 15.57 million Ether, or nearly 13% of all the tokens, has been locked in special staking wallets that help order transactions on the Ethereum blockchain, according to crypto data tracker Dune. The network is the biggest commercial highway in crypto and home to thousands of apps. The owners of staked Ether receive yield, but are unable to withdraw their coins until the upcoming software upgrade, called Shanghai.