Bankless Shanghai-Capella: ETH Staking Withdrawals with Tim Beiko, Justin Drake, and Anthony Sassano
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Apr 12, 2023 
Tim Beiko, a leading voice at the Ethereum Foundation, discusses the highly anticipated Shanghai-Capella upgrade. Joined by Justin Drake, an expert in ETH economics, and Anthony Sassano, a solo staking enthusiast, they delve into the intricacies of ETH staking withdrawals and the mechanics behind them. The trio tackles myths surrounding the withdrawal upgrade and shares forecasts on staking airdrops. They highlight the significance of validator capabilities, the importance of competition in the ETH space, and strategies for making solo staking more accessible.
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Shapella Enables Withdrawals
- The biggest change in the Shapella upgrade is the introduction of withdrawals on the beacon chain.
- Validators can now withdraw their staked ETH, some of which has been locked since 2020.
Withdrawal Mechanics
- There are two types of withdrawals: full and partial.
- Partial withdrawals happen automatically for active validators, while full withdrawals require exiting the validator queue.
Proof of Stake Completion and Future
- Proof of stake is functionally complete, but security upgrades like single slot finality and PBS are still to come.
- These upgrades will improve Ethereum's security and resilience.