The Bellatrix upgrade from Ethereum goes live

The Bellatrix upgrade from Ethereum goes live

The Bellatrix Hard Fork, the last big upgrade before Ethereum from Proof-of-Work (Pow) switched to Proof-of-Stake (POS), was activated.

The purpose of this upgrade is to ensure that validators produce updated beacons chain blocks that set up the code base before merging.

"What happens today is the Bellatrix Hard Fork, which prepares the chain for the fusion *", said Vitalik Buterin, founder of Ethereum, said in a tweet. "Still important - make sure that you keep your customers up to date!"

As soon as the Total Difficulty (TTD) terminal has been reached, the mining on Ethereum is completely ended and the "merge" will take place. Technically speaking, this is not planned at a fixed time, but after a TTD of 58750000000000000000,000 was reached and the first POS block was created on the Ethereum blockchain. From this point on, the Paris upgrade applies.

based on the current Ethereum network hashrates, which is expected on Wednesday, September 14th shortly after 9:00 p.m.

About 5 % of the chainlaut Adrian Sutton, Lead Blockchain Protocol Engineer at Consensys, the validation nodes were updated in time, but that has no major effects on the network and is probably quickly remedied.

The price of ether has increased by 7.2 % in the last 24 hours, according to the data compiled by Blockworks, and thus exceeds Bitcoin by about 6 %.

This is a developing story.

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The post "Bellatrix" upgrade from Ethereum goes live is not a financial advice.