Coinbase announces that unstaking requests may take weeks or months to process as they are not in charge of Ethereum’s unstaking process.
News Own this piece of history
Ether (ETH) stakers who have had their holdings locked up during the Ethereum Merge event might soon have access to “unstaking.“
Trending: BREAKING: Name of Judge Presiding Over Trump Case is Revealed… Here’s What Trump Had to Say About Him
Coinbase has announced in a tweet that unstaking requests on its platform may take the protocol weeks or months to process. According to the tweet, it expects a flood of staking withdrawal requests after the update to the Ethereum network enables the functionality next month.
The Merge transitioned Ethereum from proof-of-work (PoW) to proof-of-stake (PoS) in September 2022, but stakers’ holdings remained locked up. This merger created a temporary situation
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!