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On Tuesday, September 6, the Bellatrix update was deployed to the Ethereum network. The update took place at epoch 144,896, marking an important step towards the long-awaited blockchain merger.
Prysmatic Labs developer Terence Tsao and EthHub co-founder Anthony were quick to tweet about the successful activation
Sassano (Anthony Sassano).
Next stop: the merge
See you on the other side pic.twitter.com/01FCSDyqs5
— terence.eth (@terencechain) September 6, 2022
Ethereum's transition to the Proof-of-Stake algorithm(PoS) will take place in two stages. Bellatrix was the first stage. Then, after the Paris update is launched, Ethereum will begin producing blocks using the PoS consensus method—as soon as the total terminal difficulty reaches 58750000000000000000000000. A lot depends on the network hashrate. According to the developers, the update will be launched around September 15.
According to the reverse
According to Blocknative's countdown, the merger is expected to close in seven and a half days, on September 14th.
The launch of Bellatrix had a beneficial effect on the courseETH. It has increased by 6.5%, and Ethereum is now trading above $1,680 per coin. Analysts expect that the transition to PoS will give Ether an additional boost to growth, and this could be the start of a bullish trend in the cryptocurrency market.
However, not all node operators have made the necessary changes to prepare for the merger. By
According to EtherNodes, only 26.7% of operators managed to synchronize with the chain. Node operators were asked to update their clients to epoch 144896. Ethereum co-founder Vitalik previously reminded about this
Buterin and Ethereum core developer
Meanwhile, trading platforms FTX and Binance have suspended deposits and withdrawals of Ether and ERC-20 tokens during the Ethereum network merger to ensure the safety of user funds.