Ethereum 2.0 Altair upgrade successful, but ETH falls at $ 4,000
Ethereum 2.0 Altair upgrade successful, but ETH falls at $ 4,000
On October 27, Ethereum Kern developer Raul Jordan published that the altair upgrade on the Beacon Chain had been successfully used.
Ethereum-Stakers did not have to take any measures because the improvements were all made in the background, but the validators had to be careful. The altair upgrade is another step closer to the complete introduction of ETH 2.0, phase 0, and the "fusion", which is eagerly awaited.
The first network upgrade of the Proof-of-Stake chain from Ethereum, Altair, was successful! I am really proud of the rock star developers, from whom I can learn @prylabs have made possible. Here you can follow the block explorer https://t.co/avgfgaq2tp
- Raul Jordan (@Rauljordaneth) 27. October 2021
The upgrade comes Activated and the stake began. The Ethereum client developer Preston van Loon commented:
"Finality was continuous and the participation fell to 93.3 % in the first Altair epoch (exact number is still confirmed). The participation is now over 95 %",
altair under the hood
according to an Ethereum Foundation (EF) Early at the beginning of this year is an upgrade. Light client support, smaller patches for incentives and a settlement of inactivity leaks per examiner. It also introduces the severity of the reduction and adjustment of the validation premiums, which ensure simplified state management.
Most of his functions are upgrades behind the scenes that can now be used after 11 months of successful Beacon Chain operations. It was described by the EF as a "warm-up upgrade" for the chain and the clients.
"The Ethereum's proof-of-stake system has been running quite smoothly since the origin, but before the high-stand reunification is carried out, customer teams want to go through the process of a live upgrade in order to further test and prepare the live system."
According to Altair, there will be no major changes to the Blockchain to the "Merge", which is expected in 1st or 2nd quarter of 2022. Then the existing Ethereum 1.0 blockchain is docked to the ETH 2.0 chain.
At the time of writing, there was a little more than eight million ETH Disassembled on the light fire chain. This is a value of around $ 32 billion in current prices.
ETH price falls below $ 4,000
The bullish development messages did not prevent the ETH prices from fall under the psychological $ 4,000 mark . According to the TradingView, ETH prices during the Asian trade session on Thursday morning fell to $ 3,900
At the time of writing, they had easily recovered and reached $ 4,000, but dealt with 4.6% that day. Ethereum acts as usual in the shadow of Bitcoin, which is correction of a recent all-time high .
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