Ethereum is seeing the largest validator exodus in crypto history, with over 1 million Ether tokens currently waiting to be withdrawn from staking through Ethereum’s proof-of-stake (PoS) network.
Ethereum’s exit queue surpassed 1 million Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” title=”null”>ETH) worth $4.96 billion on Thursday. This marks the amount of Ether set for withdrawal by the network’s data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/what-is-a-blockchain-validator” rel=”https://cointelegraph.com/explained/what-is-a-blockchain-validator” target=”https://cointelegraph.com/explained/what-is-a-blockchain-validator” title=”https://cointelegraph.com/explained/what-is-a-blockchain-validator”>validators, who are responsible for adding new blocks and verifying transactions in proposed blocks, playing a vital role in the functioning of the blockchain network.
The mass exodus has extended the…
