Blockchain

Ethereum Successfully Deploys Bellatrix Upgrade

Ethereum has officially successfully implemented the Bellatrix upgrade. This is a premise development for The Merge, the event is scheduled to take place on September 15.

The Bellatrix upgrade was activated at epoch 144896 on the Beacon Chain and is now live. The Ethereum community on Twitter is full of congratulatory messages for this new network milestone.

The number two blockchain’s latest hardfork, Bellatrix, went live on Tuesday at epoch 144,896, bringing the network closer to the long-awaited Merge upgrade. It was the first part and saw the network’s consensus layer, known as the Beacon Chain, update in preparation for The Merge. Following this, the Paris update will complete the transformation of the Ethereum network into a Proof-of-Stake mechanism.

Vitalik Buterin, the co-founder of Ethereum, said on Twitter that The Merge would be enabled from September 13 to September 15.

Aside from ETH, other Ethereum-related tokens have profited from the upcoming Merge in recent weeks. They include the Proof-of-Work ETC coin from Ethereum Classic and the LDO coin from Lido.

In addition, perhaps the most commonly talked about currency among Merge speculators is ETHW—a new coin planned to serve as the native asset for a Proof-of-Work fork of the Ethereum network.

Following The Merge, ETHW will be distributed to ETH holders, and while the majority of the community is committed to the Proof-of-Stake upgrade, exchanges such as Binance and FTX have stated that any successful fork tokens will be available for trading.

The Merge is presently projected to be completed early on September 14, just over seven days from now, according to Blocknative’s countdown clock.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.