The upgrade to Bellatrix was activated at epoch 1404896 on Beacon Chain. It is now live.
Next is the Paris upgrade. Once activated, it will complete Ethereum’s transition into the proof-of stake system.
Vitalik Buterin, Ethereum’s co-founder, announced earlier in the day via Twitter that the Merge would be activated between Sept. 13 and Sept. 15.
It is expected that the merge will take place between Sep 13-15. Today’s event is the Bellatrix hardfork, which prepares the chain for the merger. It’s still important to keep your clients updated!
— vitalik.eth (@VitalikButerin) September 6, 2022
Every Ethereum node runs on two layers: the consensus layer (‘C’ layer) and the proof of work (PoS layer) — currently the main network. These layers communicate via an Application Programming Interface. The Ethereum network will become a PoS system when the layers are combined.
The Merge is two-phase. The first is the Bellatrix network upgrade to the consensus layer, triggered by an epithet height.
The “Paris event” will trigger the second and final phases of the Merge once the execution layer has reached or exceeded the TTD threshold.
The Paris Upgrade will end proof-of work mining on Ethereum Blockchain, and mark the completion of the Merge.
Based on data from Ethernodes, 73% of Ethereum nodes have successfully completed the upgrade mandated and are now “Merge Ready”
At press time, 27.4% are marked as “not ready”, meaning that they have less than one day to update their nodes. Tim Beiko, an Ethereum developer, took to Twitter to urge node operators to update clients in the consensus layer ahead of the Bellatrix upgrade.
Bellatrix will be tomorrow
If you haven’t upgraded your node yet, this is your last chance!
We’re mergiiiing
https://t.co/0VQ9zb6wjN
— Tim Beiko | timbeiko.eth
(@TimBeiko) September 5, 2022
The Ethereum Foundation warned node operators that failing to upgrade their nodes prior to the Bellatrix hardfork will cause their Ethereum clients “sync” to the pre-fork blockchain.
“[Node operators] will remain stuck on an incompatible network following old rules, and will not be able to send Ether or work on the post-Merge Ethereum Network.”
Holders of ETH don’t need to change anything in their wallet or funds, since the genesis will continue unchanged and intact after the Merge. Holders of ETH will not have any problems accessing their funds.
The Ethereum Foundation warns users to be cautious of scams during upgrade. The Ethereum Foundation advised users not to send their ETH to anyone in an effort to upgrade to ETH2 or to obtain ETH tokens.
What happens next to the Merge?
The Merge will be followed by the Shanghai upgrade, which will allow stakeholders to withdraw.
To enable the best possible solution for the storage of compressed call data from rollup contract rolls, plans for sharding are also in progress. This will allow for greater scalability and network bandwidth on the Ethereum network.
Bellatrix upgrades go live, setting the stage for Ethereum’s Merge CryptoSlate.
Did you miss our previous article…
https://www.goldcoastmoneyonline.com/september-05th-2022/
