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The transition to proof of stake occurred in September [1]. [1] https://techcrunch.com/2022/09/15/ethereum-switches-to-proof-of-stake-consensus-after-completin

by v64 4y ago

The transition to proof of stake occurred in September [1]. [1] https://techcrunch.com/2022/09/15/ethereum-switches-to-proof-of-stake-consensus-after-completing-the-merge/ https://techcrunch.com/2022/09/15/ethereum-switches-to-proof...

Nursie 4y ago
But IIRC there are issues with un-staking? Definitely a big leap forward in terms of reducing energy use.
- v64 4y ago
  EIP-4895 [1] will enable beacon chain withdrawals and will be included in the next Ethereum upgrade scheduled for next year. No actual release date has been decided yet [2]. [1] https://eips.ethereum.org/EIPS/eip-4895 https://eips.ethereum.org/EIPS/eip-4895 [2] https://fortune.com/crypto/2022/12/01/when-will-ethereum-stakers-be-able-to-withdraw-their-funds-heres-what-we-know-so-far/ https://fortune.com/crypto/2022/12/01/when-will-ethereum-sta...
- meowkit 4y ago
  Issues has a negative connotation. Staking withdrawals were >intentionally< not enabled to give the system more stability in the short term. Unstaking, in a FIFO manner, has a roadmap you can read about with a quick web search.
  - Nursie 4y ago
    OK but AFAICT there has been some upset about how long it's taking, and the withdrawal of the timetable for this? https://cointelegraph.com/news/ether-staking-withdrawal-schedule-removal-faces-harsh-criticism https://cointelegraph.com/news/ether-staking-withdrawal-sche... Perhaps I'm wrong and it's all been sorted out now. As a die-hard crypto sceptic I'm not always the best informed, but I am happy that the energy usage has been addressed.
    - TimJRobinson 4y ago
      Just bagholders of other coins (all the tweets linked in this article seem to be Cardano people, sometimes it's Bitcoin Maxis) trying to spread FUD. I've yet to see anyone who's actually staking Ethereum care.
      - jules-jules 4y ago
        It will allow restaking and help LSDs trading at a discount to NAV close the gap, but other than that, I agree noone in the staking community is particularly worried about withdrawal activation timelines. Best guess based on the latest dev calls is sometime in Q2 2023.

by v64 4y ago

Nursie 4y ago

But IIRC there are issues with un-staking? Definitely a big leap forward in terms of reducing energy use.

v64 4y ago
EIP-4895 [1] will enable beacon chain withdrawals and will be included in the next Ethereum upgrade scheduled for next year. No actual release date has been decided yet [2]. [1] https://eips.ethereum.org/EIPS/eip-4895 https://eips.ethereum.org/EIPS/eip-4895 [2] https://fortune.com/crypto/2022/12/01/when-will-ethereum-stakers-be-able-to-withdraw-their-funds-heres-what-we-know-so-far/ https://fortune.com/crypto/2022/12/01/when-will-ethereum-sta...
meowkit 4y ago
Issues has a negative connotation. Staking withdrawals were >intentionally< not enabled to give the system more stability in the short term. Unstaking, in a FIFO manner, has a roadmap you can read about with a quick web search.
- Nursie 4y ago
  OK but AFAICT there has been some upset about how long it's taking, and the withdrawal of the timetable for this? https://cointelegraph.com/news/ether-staking-withdrawal-schedule-removal-faces-harsh-criticism https://cointelegraph.com/news/ether-staking-withdrawal-sche... Perhaps I'm wrong and it's all been sorted out now. As a die-hard crypto sceptic I'm not always the best informed, but I am happy that the energy usage has been addressed.
  - TimJRobinson 4y ago
    Just bagholders of other coins (all the tweets linked in this article seem to be Cardano people, sometimes it's Bitcoin Maxis) trying to spread FUD. I've yet to see anyone who's actually staking Ethereum care.
    - jules-jules 4y ago
      It will allow restaking and help LSDs trading at a discount to NAV close the gap, but other than that, I agree noone in the staking community is particularly worried about withdrawal activation timelines. Best guess based on the latest dev calls is sometime in Q2 2023.