74% of Ethereum nodes ‘Merge ready’ ahead of Bellatrix upgrade
The need to update Ethereum clients comes as the Bellatrix upgrade is set to enable the Beacon Chain to execute transactions. As many as 73.5% of Ethereum nodes are now marked as “Merge ready” ahead of the upcoming Bellatrix upgrade for Ethereum on Sept. 6, according to data from Ethernodes. The Bellatrix upgrade is seen as one of the last necessary steps prior to the official Merge, which will see Ethereum transition to a proof-of-stake consensus mechanism between Sept. 10-20.To become Merge ready, Ethereum node operators must comply with the Bellatrix upgrade by updating its consensus....
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The Bellatrix hard-fork is the final update on the Beacon chain that will prepare it for the Merge, and if node operators are not updated to the latest client, they risk syncing to the pre-fork chain. Ethereum co-founder Vitalik Buterin is reminding node operators to upgrade their clients before the Bellatrix “hard fork,” slated for Sept. 6. Buterin said that the scheduled upgrade will be the final update that prepares the Beacon chain (proof-of-stake chain) for the Merge.The merge is still expected to happen around Sep 13-15. What's happening today is the Bellatrix hard fork, which....
The Bellatrix upgrade was the last major upgrade before the Ethereum Merge, which will transition the network’s consensus mechanism to proof-of-stake. The Bellatrix upgrade preparing Ethereum for the Merge was successfully completed on Sept. 6 - however concerns were raised over an almost one in ten missed block rate across the last 600 slots.The Bellatrix upgrade updated Ethereum consensus layer clients at epoch 144896 on the Beacon Chain prior to the upcoming Merge scheduled for sometime next week .However, 5% of the validators dropped offline during the hard fork, which contributed to....
The Ethereum community and the entire crypto space will soon witness the Merge launch, the long-awaited upgrade. It’s a transition for the Ethereum mainnet from PoW to PoS consensus mechanism. It has become one of the most hyped events in the industry as many people are presenting different opinions about it. Over the past few weeks, sentiment on the Merge boosted the price of Ether. Despite some slight downward moves in the broader crypto market, ETH remained one of the tokens with a more impressive performance. Related Reading: Bitcoin Profitability Jumps As Price Adds $1,500 In 24....
CoinShares' head of research James Butterfill said the outflows come despite "the improved certainty of the Merge." Institutional investors may be wavering ahead of the Ethereum Merge, with Ether-based digital asset investment products seeing an outflow of $61.6 million, signaling concerns about the success of the upgrade. In its digital asset fund flows weekly report, fund manager CoinShares reported that Ether-based investment products made up for the majority of total outflows over the Sept. 5-11 week — leading to the market’s fifth consecutive week of outflows.Report author James....
The blockchain network Ethereum has officially activated the Bellatrix upgrade, the final change before The Merge, the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS). Bellatrix was successfully codified into the codebase at epoch 144,896 on the Beacon chain and Ethereum co-founder Vitalik Buterin detailed it was important for network participants to update their clients.
From Bellatrix to Paris — Ethereum Participants Get Ready for the Final Step of the Merge
The Merge is estimated to take place on September 13, 2022, according to the....