Ethereum is set to upgrade the software network on Wednesday with new features and improvements to efficiency, cost, and security. The main feature of the upgrade is the EIP-4895, which allows users to withdraw their staked Ether, or tokens deposited to support the operations of a blockchain in return for a passive income, usually in the form of more tokens. With about 18 million Ether – or about 15% of the total supply – staked into the network, concerns emerged that holders could rush to sell Ether to lock in profits, which would drive prices lower. However, on-chain data provider CryptoQuant doesn’t expect a flood of Ether sales. Other benefits of the upgrade include Ethereum’s capacity to handle more transactions per second, decreased transaction costs, and improved security and efficiency of smart contracts. The staking landscape will be transformed, and Ethereum will become the benchmark yield for crypto. (forkast)
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