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+--- Thread: Ethereum Final Goerli Testnet Withdrawal (/showthread.php?tid=6235612)
Ethereum Final Goerli Testnet Withdrawal - shreder - Mar 8, 2023
Quote:Withdrawals are coming! The Shapella network upgrade will activate on the Goerli network at epoch 162304, scheduled for 10:25:36 PM UTC on Mar. 14, 2023
https://blog.ethereum.org/2023/03/08/goerli-shapella-announcement
Sepolia testnet was a STUNNING success, developers and community members learned a lot of will optimize launch further for the last and final testnet to be upgraded before mainnet.
We cannot be stopped, ETH is KING!
RE: Ethereum Final Goerli Testnet Withdrawal - PR1V473 - Mar 8, 2023
Does this mean that the 32 ETH staked from a few years ago will be available to be withdrawn? If so, expect to dip to at least 1100$ levels again.
RE: Ethereum Final Goerli Testnet Withdrawal - shreder - Mar 8, 2023
(Mar 8, 2023 03:00 PM)PR1V473 Wrote: Does this mean that the 32 ETH staked from a few years ago will be available to be withdrawn? If so, expect to dip to at least 1100$ levels again.
Few misconceptions here from you. It is very simply to think oh withdrawal that means people will sell. But quite the contrary, if you analyze all the pieces that go into this.
1. Only the most hard-core and diehard Ethereum holders have staked so far. Who else would stake without knowing if the merge was here or even withdrawals unless you were pro-ethereum long term. More or less you are saying "shreder will unstake and sell when the upgrade comes" you think that's true?
2. Exit queue was designed for this very scenario, in which only x amount of validators can exit at any given time. More validators to exit the withdrawal time grows exponentially until its not even worth withdrawing.
3. As validators stop and enter the exit queue the less validator validating blocks = higher chance of attestation and block validation for remaining validators = higher earning. Meaning users will just re-enter the queue or not exit at all.
4. As we've seen with each upgrade such as the merge increase in validator.
Realistically nothing will happen and will eventually average out. From a ETH stakers perspective, this is bullish I have more ETH ready to be staked.
Can't wait for devs to focus on other upgrades like account abstraction and sharing. ETH IS KING.
RE: Ethereum Final Goerli Testnet Withdrawal - shreder - Mar 9, 2023
(Mar 9, 2023 11:39 AM)Focus Broken Wrote: Is there anything else included in the hard fork besides allowing withdrawals?
Yes you can see the EIP's included
https://github.com/ethereum/execution-specs/blob/master/network-upgrades/mainnet-upgrades/shanghai.md
RE: Ethereum Final Goerli Testnet Withdrawal - shreder - Mar 14, 2023
Goerli the final testnet has SUCCESSFULLY FORKED TO SHAPELLA.
SHANGHAI UPGRADE FOR MAINNET HERE WE COME!!!!!