• Ethereum’s Beacon Chain staking contract has surpassed 16 million ETH, or 13.28% of the total ether supply, worth $22.38 billion.
• This milestone follows Ethereum’s successful shift to a proof-of-stake network in December 2020.
• Ethereum developers have determined that the network’s next hard fork “Shanghai” will have a target release time frame of March 2023, which will enable Beacon Chain staked ether withdrawals.

Ethereum has achieved a major milestone after its successful shift to a proof-of-stake network in December 2020. More than 16 million ether (ETH) has been deposited into Ethereum’s Beacon Chain staking contract, data from Etherscan shows. This means that more than 13.28% of the total ether supply, worth $22.38 billion, has been staked on the network.

The Ethereum staking contract went live in 2020 and since then, the Ethereum network has seen a steady increase in staked ether. This milestone occurs as Ethereum developers determine that the network’s next hard fork “Shanghai” will have a target release time frame of March 2023. This upgrade will enable Beacon Chain staked ether withdrawals.

The upgrade is a highly anticipated one, as it will enable users to withdraw their staked ether, which is currently impossible. This will open up a number of opportunities for users, such as the ability to earn rewards on their staked ETH, as well as the ability to use the staked ETH for everyday transactions.

Ethereum is currently the second-largest blockchain network, and its success has been attributed to its solid foundation and its ability to handle a large number of transactions. With the upcoming “Shanghai” hard fork, the Ethereum network is set to become even more powerful and reliable, as well as more accessible to users.

The Ethereum network promises to be an even more powerful and reliable network, as well as a more accessible one for users. With the upcoming “Shanghai” hard fork, users will be able to withdraw their staked ether, allowing them to reap the rewards of their investments. This opens up a number of opportunities for users, such as the ability to earn rewards on their staked ETH, as well as the ability to use the staked ETH for everyday transactions.

As the Ethereum network continues to grow and evolve, the number of users staking their ether is sure to increase. With the upcoming hard fork, users will be able to withdraw their staked ether, and this will open up a world of possibilities. From earning rewards on their investments to using their staked ETH for everyday transactions, the Ethereum network is sure to become even more powerful and reliable.