Tim Beiko: Shapella Removes Risk, Invites More Ethereum Staking

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Tim Beiko: Shapella Removes Risk, Invites More Ethereum Staking
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Upgrade invites more staking and fosters a more secure and decentralized Ethereum ecosystem, according to one of the lead developers

The upgrade also allows validators to accrue rewards directly on their validators, which were previously inaccessible on the Beacon chain.expressed hope that the upgrade would lead to more solo stakers joining the network. With improved guides and support for setting up validators, the Shapella upgrade has made the process more approachable for users who may have been hesitant to stake before.

The Ethereum network's concept of coordinated penalties also encourages decentralization as the penalties for issues with centralized services, such as AWS, would be greater than if the validators were more distributed. The developer believes that the Shapella upgrade has the potential to invite more staking and promote decentralization within the Ethereum network. By enabling withdrawals, reducing commitment and facilitating a shift from centralized exchanges to liquid staking projects and solo staking, the upgrade paves the way for a more secure and decentralized future for Ethereum.

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