{"id":598863,"date":"2023-01-18T15:52:49","date_gmt":"2023-01-18T21:52:49","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/18\/ethereum-validators-cross-500000-post-merge\/"},"modified":"2023-01-18T15:52:49","modified_gmt":"2023-01-18T21:52:49","slug":"ethereum-validators-cross-500000-post-merge","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/18\/ethereum-validators-cross-500000-post-merge\/","title":{"rendered":"Ethereum Validators Cross 500,000 Post-Merge"},"content":{"rendered":"<div>\n<p>Summary:<\/p>\n<ul>\n<li>Validators on the network increased from 428,000 around September 15 when Ethereum upgrade from proof-of-work to proof-of-stake.<\/li>\n<li>The news comes ahead of staked Ether withdrawals expected to roll out with the Shanghai update in March 2023.<\/li>\n<li>Validators have staked over 16 million ETH worth roughly $25 billion with Ether trading around $1500 on Tuesday.<\/li>\n<\/ul>\n<p>According to BeaconScan data, the number of validators on Ethereum surpassed 500,000 on Tuesday. The news marked a landmark moment for the leading altcoin blockchain as anticipation for staked Ether (ETH) withdrawals grows.\u00a0<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"945\" height=\"1024\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/01\/validators-945x1024.png\" alt=\"Ethereum Validators Cross 500,000 Post-Merge 13\"   title=\"Ethereum Validators Cross 500,000 Post-Merge 20\"><\/figure>\n<p>Validators are a key component of Ethereum\u2019s network after the Merge which switched ETH\u2019s chain from a proof-of-work (PoW) consensus to a proof-of-stake (PoS). Similar to miners on a PoW blockchain, validators are responsible for confirming transactions and maintaining network security among other crucial PoS blockchain needs.\u00a0<\/p>\n<p>Ethereum core developers said the withdrawal function for staked ETH should roll out with a post-merge update dubbed Shanghai slated for March 2023. ETH engineers released a testing area called \u201cdevnet 2\u201d to allow client and validator teams to test the withdrawal process before the feature goes live in a few weeks.\u00a0<\/p>\n<p>Interested clients were required to deposit a minimum of 32 ETH before becoming Ethereum Validators. The deposit worth approximately $50,000 at today\u2019s prices was then locked up in a <a href=\"https:\/\/etherscan.io\/address\/0x00000000219ab540356cbb839cbe05303d7705fa\" data-type=\"URL\" data-id=\"https:\/\/etherscan.io\/address\/0x00000000219ab540356cbb839cbe05303d7705fa\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">staking contract<\/a>, allowing clients to earn rewards and other perks when withdrawals become possible.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"890\" height=\"517\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/01\/ETHUSDT_2023-01-17_14-59-33.png\" alt=\"Ethereum Validators Cross 500,000 Post-Merge 14\"   title=\"Ethereum Validators Cross 500,000 Post-Merge 21\"><figcaption><strong><a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSDT\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.tradingview.com\/symbols\/ETHUSDT\/\" rel=\"noreferrer noopener\">ETH\/USDT by TradingView<\/a><\/strong><\/figcaption><\/figure>\n<h2>16 Million ETH Staked Ahead of Ethereum\u2019s Shanghai Upgrade<\/h2>\n<p>The staked ETH contract which launched in 2020 held over 16 million Ether on Tuesday, per data from EtherScan. ETH traded around $1500, pegging the massive locked ETH at a valuation north of $25 billion. The 16 million staked ETH also accounts for about 13.28% of the leading altcoin\u2019s total supply.<\/p>\n<p>Nansen data highlighted over 92,000 unique staking depositors as of January 12. Furthermore, liquid staking protocol <a href=\"https:\/\/en.ethereumworldnews.com\/ethereums-shanghai-upgrade-brings-heat-to-liquid-staking-derivatives-lsd-with-ldo-seeing-71-increase-in-value\/\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/ethereums-shanghai-upgrade-brings-heat-to-liquid-staking-derivatives-lsd-with-ldo-seeing-71-increase-in-value\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lido Finance<\/a> was the top depositor with around 4.6 million ETH staked via the platform.\u00a0<\/p>\n<p>Major crypto exchanges Coinbase, Kraken, and Binance also featured on the top five staked ETH depositors, per Nansen.\u00a0<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/01\/Top-ETH-Depositors.-Image-Nansen-1024x768.jpg\" alt=\"Ethereum Validators Cross 500,000 Post-Merge 15\"   title=\"Ethereum Validators Cross 500,000 Post-Merge 22\"><figcaption><strong>Top ETH Depositors. Image \u2013 Nansen<\/strong><\/figcaption><\/figure>\n<\/div>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-validators-500000-post-merge\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Naga Avan-Nomayo<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Validators on the network increased from 428,000 around September 15 when Ethereum upgrade from proof-of-work to proof-of-stake.The news comes ahead of staked Ether withdrawals expected to roll out with the Shanghai update in March 2023.Validators have staked over 16 million ETH worth roughly $25 billion with Ether trading around $1500 on Tuesday. According to<\/p>\n","protected":false},"author":1,"featured_media":598864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25740,118146],"tags":[],"class_list":{"0":"post-598863","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"category-validators"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/598863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=598863"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/598863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/598864"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=598863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=598863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=598863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}