THE HASH: Ethereum Developers Target March 2023 for Release of Staked Ether; Starbucks' Web3 Splash

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 8 December 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Bitstamp. The most valuable crypto stories for Thursday, Dec. 8, 2022. Ethereum developers determined the network’s next hard fork, called “Shanghai,” will have a target release time frame of March 2023. This upgrade will include code known as EIP 4895 that will allow Beacon Chain staked ether (stETH) withdrawals. Plus, Starbucks Odyssey launches its Web3-powered experience in beta to certain rewards members of the coffee giant in the U.S. See also: Ethereum Developers Target March 2023 for Release of Staked Ether PayPal Expands Crypto Service Into Luxembourg in First EU Foray 'Do You Believe In Second Chances?' Another DAO Is Raising Funds to Buy a Copy of the US Constitution Blending the World’s Most Successful Loyalty Program With Web3 - This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Bitstamp is the longest-running crypto exchange and was recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:51.4	This episode of The HASH is sponsored by BitStamp.
1:02.4	This is the HASH podcast.
1:05.1	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,
1:09.9	with stories that matter to the crypto world,
1:12.4	all on the hash for your ears.
1:15.9	You're listening to the Coin Desk Podcast Network.
1:23.3	Hey there. Welcome to The Hash here on CoinDesk TV. It's where we look at the news and we tell you the stuff that we think is interesting and why. I'm Zach Seward. That's Adam Levine, Jensenassie. Will Foxley. We have some stories to get to. And I believe that Adam is leading us off. Take it away.
1:42.9	Yeah. Thanks, Zach. We start off this morning with news that developers of the second largest blockchain Ethereum have set a target of March for a much anticipated feature as part of the so-called Shanghai upgrade. The standout addition will be the ability to withdraw ether staked as part of the new proof of state consensus process, which in some cases has been
2:01.0	locked up since the launch of the beacon chain a couple of years ago. It's actually a pretty big deal,
2:06.1	and now we have a planned date, although that may slip, as we've seen in the past. The devs also made
2:11.3	plans for another upgrade in the fall of next year, where they intend to introduce a scaling solution
2:15.5	known as Proto-Dank sharding, which of course is always worth a mention just because it's a fun name to say.
	...

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