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Update 0x01 withdrawal credentials. #2854

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Mar 25, 2022
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Update 0x01 withdrawal credentials. #2854

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5 changes: 1 addition & 4 deletions specs/phase0/validator.md
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Expand Up @@ -163,10 +163,7 @@ The `withdrawal_credentials` field must be such that:
* `withdrawal_credentials[12:] == eth1_withdrawal_address`

After the merge of the current Ethereum application layer into the Beacon Chain,
withdrawals to `eth1_withdrawal_address` will be normal ETH transfers (with no payload other than the validator's ETH)
triggered by a user transaction that will set the gas price and gas limit as well pay fees.
As long as the account or contract with address `eth1_withdrawal_address` can receive ETH transfers,
the future withdrawal protocol is agnostic to all other implementation details.
withdrawals to `eth1_withdrawal_address` will simply be increases to the account's ETH balance that do **NOT** trigger any EVM execution.

### Submit deposit

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