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Delio Curation

First-Ever ETH Staking Withdrawals On Ethereum Testnet Are Processed Successfully


The second-largest blockchain has taken a step toward its historic conversion to a proof-of-stake network after successfully simulating staked ether withdrawals on an ETH test network (testnet), crypto media outlet CoinDesk reported on February 8.


The Zhejiang test network, or so-called testnet, which went live last week, enabled the withdrawal simulations early on Tuesday. The test network is intended to provide engineers a practice run for withdrawals similar to those that will take place on the primary Ethereum blockchain after its much-anticipated Shanghai upgrade, which is anticipated next month.


Since going through the Merge in September, which formally transitioned the blockchain to a proof-of-stake network, Shanghai will be Ethereum's first hard fork. Ethereum is now more energy-efficient than it was when it was using the proof-of-work algorithm that the Bitcoin blockchain uses. Cryptocurrency is "staked" or placed on the blockchain in a proof-of-stake network to assist safeguard transactions.


Notably, the upgrade has become a highly anticipated event for the ecosystem. The majority of the traders believe that Shanghai will encourage more staking



Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.