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Ethereum Shanghai upgrade will open staked ETH withdrawal, but the upgrade time may be later than the previous roadmap

2022/11/23 13:22

According to Coindesk, rumors emerged on Twitter last week claiming that the Ethereum Foundation is pushing back its timeline for staked ether (ETH) to be withdrawn from the Beacon Chain. Ethereum core developers generally agree that the aim was always for staked ETH withdrawals to be opened up as part of “Shanghai,” the next upgrade on its development road map. But a definitive date for withdrawals hasn’t been set yet. That upgrade, Shanghai, is expected to include the mechanism by which those rewards will be released. There was a projected implementation for six to 12 months after the Merge, according to the Ethereum Foundation website. But last week followers noticed the language had changed: The Foundation website no longer had a proposed timeframe. Tim Beiko, lead protocol support at the Ethereum Foundation (EF), said: “The original projection of six to 12 months is the ‘historical average’ time between upgrades on Ethereum. I don’t see why this upgrade would take longer, but we’re not far enough in the process to talk about main net deployment dates.” Ethereum developers say they are committed to making withdrawals a priority for Shanghai. “There’s always discussions about timelines and moving things around, but I don't think there’s ever been more consensus among core devs to move withdrawals back. It has and will always be included in the next fork,” said Parithosh Jayanthi, a DevOps engineer at the Ethereum Foundation. “I don’t see a scenario in which withdrawals don't get shipped in the next fork.”
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