Blog-new-logo-2023Blog-new-logo-2023Blog-new-logo-2023Blog-new-logo-2023
  • CRYPTO NEWS
  • TOPICS
    • Futures Trading
    • Crypto Basics
    • DeFi
    • Metaverse
    • NFT
    • Blockchain
  • CRYPTO VERSE
    • Personal Finance
    • Cryptocurrency
    • Price Predictions
    • Crypto Deep Dives
  • PRODUCT
    • Tutorials
    • Product Features
    • Security
  • COINDCX
    • Announcements
    • Community
    • Crypto Competition
    • Listings
    • Opinion
    • Stories
Visit CoinDCX
✕
            No results See all results

            Ethereum’s ‘Bellatrix’ Upgrade is now LIVE! What changes with ‘THE MERGE’ now?

            In the latest news as the  Ethereum Merge draws nearer…

            6 Sep 2022 | 2 min read
            Top Crypto News Today: Ethereum Merge’s Bellatrix Upgrade Is Happening Today!

            Table of Contents

            Toggle
            • But, what is Bellatrix Upgrade?
            • 73% of Ethereum nodes are ‘Merge-Ready’!
            • What’s next?

            In the latest news as the  Ethereum Merge draws nearer and nearer, the Bellatrix Upgrade has finally been implemented. Bellatrix which was just implemented a while ago on 6 September, 2022, after the scheduled epoch of 144896 on the Beacon Chain.

            Bellatrix is live! We're in the endgame now #TestingTheMerge pic.twitter.com/57qg3A9hdf

            — parithosh | 🐼👉👈🐼 (@parithosh_j) September 6, 2022

            But, what is Bellatrix Upgrade?

            So with the Ethereum Merge less than two weeks away, let’s understand the steps that are involved leading up to the Merge event on the Ethereum mainnet. It is important because it marks the first-ever transition of a large-scale network from a Proof-of-Work (PoW) consensus to Proof-of-Stake (PoS) and will drastically change issuance and operational specifics.

            As Ethereum transitions from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) consensus mechanism – Bellatrix hard fork is the last major upgrade that is set to take place before the actual Merge takes place.

            So what we need to understand is that the Ethereum Merge is a two step process.

            1. The first step is the Bellatrix hard fork that was triggered by an epoch height (of 144896)
            2. The next step is the Paris upgrade which would be triggered by the TTD threshold

            And this Bellatrix hard fork is the last upgrade the Ethereum Beacon Chain will undergo before the final ‘merge’ with the mainnet later this month. The purpose behind the Bellatrix upgrade is to enable validators to start producing updated Beacon Blocks, which will then contain the codebase for the merging of the two layers. Thus this step is imperative for all those prospective ETH validators who had staked their holdings to the ETH 2.0 deposit contract to upgrade their clients. Updating and syncing clients is critical to the upgrade.

            Even Ethereum’s co-founder Vitalik Buterin tweeted about this event:

            The merge is still expected to happen around Sep 13-15. What's happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important though – make sure to update your clients!

            — vitalik.eth (@VitalikButerin) September 6, 2022

            73% of Ethereum nodes are ‘Merge-Ready’!

            As reported earlier today, about 73.1% of Ethereum nodes appear to actually be ‘Merge Ready’, as of writing this article.

            Source: ethernodes.org

            What’s next?

            Now, with the Bellatrix successfully implemented, the final Ethereum Merge is scheduled to take place with the ‘Paris Upgrade’. It is the execution layer’s portion of the transition and will be triggered by the Terminal Total Difficulty (TTD) of 58750000000000000000000 which is expected to take place around 15 September, 2022.

            Once this happens, the subsequent block will be produced by a validator on the PoS based Beacon Chain, and Ethereum will truly and fully have transitioned to the proof-of-stake consensus mechanism.

            Share
            CoinDCX
            CoinDCX

            Related posts

            Bitcoin Price Hits New All-Time High Following Fed’s 25-Basis-Point Rate Cut

            Fed’s interest rate cut spurs crypto momentum, boosting Bitcoin and Ethereum prices.


            Read more
            8 Nov 2024
              | 4 min read

            Blum Secures Major Investment from TOP to Strengthen DeFi Presence in TON Ecosystem

            TOP’s backing aims to accelerate Blum’s multi-blockchain expansion.


            Read more
            7 Nov 2024
              | 5 min read
            Logo_CoinDCX
            Company
            • About Us
            • Blog
            • Careers
            • Fees
            • Media Kit
            • Proof of Reserves
            • Partners
            • Bug Bounty
            • Community
            • Policy
            Product
            • Spot Trading
            • Margin Trading
            • Convert
            • Futures Trading
            • Earn
            • VIP
            Support
            • 24/7 Chat Support
            • Support Center
            • Terms of Use
            • Privacy Policy
            • Risk Disclosures
            • Security
            • Terms of Use: Web3 Wallet
            Business
            • OTC
            • API Broker
            • Enterprise
            • New Coin Listing
            • Ventures
            • Affiliate
            Crypto Prices
            • Bitcoin Price
            • Ethereum Price
            • Ripple XRP Price
            • Dogecoin Price
            • Solana Price
            • Litecoin Price
            • All Crypto Prices
            Contact Us

            For grievance redressal write to Grievance Officer - Mr. M Jain (grievance@coindcx.com)
            Regulatory Authority write to legal@coindcx.com
            Press Enquiries write to media.queries@coindcx.com

            Disclaimer

            Crypto products & NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations.

            *Data sourced from Looker app as on 01st May,2023
            *Data as on 01st May,2023
            *Quarterly trading volume for Q2 FY'23. Currency conversion rate applied as in data capturing period
            *FIU Registered entity, NEBLIO TECHNOLOGIES PVT LTD
            *Certified in India for May 2023-24

            © 2024 All rights reserved

            Visit CoinDCX
                      No results See all results
                        Download App