Original post by: twitter @0xTodd

The upgrade of Ethereum Shanghai (shanghai) is just around the corner, and Ethereum (stETH, mining pool ETH...) will finally be able to withdraw cash from the beacon chain. Regarding the upgrade of Shanghai, the foundation has released a new FAQ. There are a few points that I think it is necessary to share with you:

1. There are two withdrawal methods

2. How long does it take to queue up for cash withdrawal?

3. This is a new transaction type

4. How to test

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1. Two withdrawal methods:

As we all know, as a validator in Ethereum, start depositing 32 ETH, and then slowly earn consensus rewards.

Partial withdrawal: If you only want to withdraw the consensus rewards earned over the years (ranging from 0-4 E), the processing is very fast and there is almost no queue.

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2. How long does it take to queue up for the full withdrawal?

The formula is too complicated, so I won’t list it, just upload the data directly: Now 50 w+ nodes, up to 1800 nodes can be withdrawn every day.

Calculated according to 1600 $ and 32 E, that is, 288 w USD worth of Ethereum. Assuming that 10% of the nodes are to be withdrawn, the queue is about 1 month. Also, the more nodes there are, the more exits, or vice versa.

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3. This is a new transaction type

This is a brand new type of transaction, and it is not even a traditional "transaction", but after the withdrawal is over, it will directly increase your wallet balance, even without Gas. After all, in a broad sense, it is also a cross-chain in a certain sense.

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4. How to test?

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5. Private key escrow issues

When you are a staking node (mainly mining pool or Solo staking, you only have a private key, and the LSD method is not available), you should fill in a withdrawal address, the private key of this address and the private key of the node, Keep them safe! Lost it, sent it completely.

Finally, I wish the family members of the Ethereum validators a lot of blockbusters. Those who want to become family members are also welcome to become validators in various forms (32 ETH is enough). Interested friends are also welcome to private message the author @0x Todd on Twitter. .

About Ebunker——Ethereum long-termist, pay attention to the development of Ethereum technology, proposal upgrades and community changes for the first time, and share research and opinions on key Ethereum tracks such as Staking, L2, and DeFi.

Ebunker currently includes businesses such as Ebunker Pool (fund non-custodial Ethereum Staking pool) and Ebunker Venture (Ethereum Maximization Venture Capital).