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Lido has accomplished a key rotation ceremony

by SB Crypto Guru News
April 8, 2023
in Ethereum
Reading Time: 1 min read
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Lido has accomplished a key rotation ceremony for its withdrawal credentials. The ceremony concerned signing all withdrawal credential messages, from 0x00 to 0x01, and these messages are actually able to be broadcasted to the Ethereum community after the Shapella onerous fork on April twelfth.

With Ethereum withdrawals on the horizon, these credentials should be rotated from 0x00 to 0x01, as the previous have to be migrated to the latter earlier than partial and full withdrawals may be accomplished. This rotation is enabled by the Shapella onerous fork.

This was the primary information I ran throughout at the moment, second one was this unusual Twitter acc 3ST, dunno what to suppose, so due to my curiosity I wanted to share it with you guys to see does anybody know what's that about.

As I learn the primary rotation message was efficiently signed and verified by a node 2.5 weeks in the past, and as of final Friday, all 18,632 messages have been signed and validated. Nonetheless, the messages will solely be broadcasted to the community after the Shapella onerous fork, that means that the rotations won’t happen till after the fork is stay.

As soon as the onerous fork is full, all Lido validators on Ethereum might be utilizing 0x01 withdrawal credentials.

submitted by /u/Hazelrte
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Tags: Bitcoin NewsCeremonyCompletedCrypto NewsCrypto UpdatesKeyLatest News on CryptoLidoRotationSB Crypto Guru News
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