{"id":52157,"date":"2022-09-06T11:48:04","date_gmt":"2022-09-06T09:48:04","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=52157"},"modified":"2022-09-06T11:48:04","modified_gmt":"2022-09-06T09:48:04","slug":"ethereum-to-undergo-bellatrix-upgrade-eth-rises","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-to-undergo-bellatrix-upgrade-eth-rises\/","title":{"rendered":"Ethereum To Undergo Bellatrix Upgrade, ETH Rises"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The <strong>Ethereum Network is preparing to go through the Bellatrix Upgrade<\/strong> before undergoing the final merge in the coming days. Ethereum co-founder, Vitalik Buterin<\/span><strong> announced<\/strong><span style=\"font-weight: 400\"> that the Bellatrix hard fork will prepare the chain for the final Merge. He also said that the <strong><a href=\"https:\/\/crypto-economy.com\/ethereum-merge-could-come-early-say-developers\/\" target=\"_blank\" rel=\"noopener\">Merge<\/a> will occur around September 13 to September 15<\/strong>. It will be the last significant upgrade before the mainnet Merge.<\/span><\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The merge is still expected to happen around Sep 13-15. What&#39;s happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important though &#8211; make sure to update your clients!<\/p>\n<p>&mdash; vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1566993505326710785?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The <strong>Bellatrix Upgrade is scheduled for epoch 144896 on the Beacon Chain<\/strong>. As of now, the Ethereum node stays on two different layers, <strong>the Proof-of-Work layer and the consensus layer (C layer)<\/strong>. Both of these layers communicate from an Application Programming Interface engine. However, they will<strong> combine and move to a Proof-of-Stake system<\/strong> for the Merge to happen.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Through the Bellatrix upgrade, validators will be able to <strong>start producing updated Beacon Blocks<\/strong>. These blocks will have the codebase to make the merge possible of the two layers. In his tweet, Buterin urged node operators to <strong>update and sync their clients<\/strong>. As of now, around<strong> 73% of nodes are ready for the Merge<\/strong>. Tim Beiko, the core Ethereum developer has also<\/span><strong> asked<\/strong><span style=\"font-weight: 400\"><strong> the remaining 27% to update their clients<\/strong>.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bellatrix is tomorrow \ud83d\udcc6 Last chance to upgrade your node if you haven\u2019t yet! <\/p>\n<p>We\u2019re mergiiiing \ud83d\udc3c <a href=\"https:\/\/t.co\/0VQ9zb6wjN\" target=\"_blank\">https:\/\/t.co\/0VQ9zb6wjN<\/a><\/p>\n<p>&mdash; timbeiko.eth (@TimBeiko) <a href=\"https:\/\/twitter.com\/TimBeiko\/status\/1566898043156561920?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 5, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: justify\"><span style=\"font-weight: 400\">ETH Gains Over 6% After the Bellatrix Announcement<\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The price of the ETH token responded to the arrival of the Bellatrix upgrade. The coin was previously struggling with a bearish phase. However, it has marked a turnaround and gained over 6% in the last 24 hours. <strong>As of now, ETH is trading around the $1,650 mark. Its market cap is over $203 billion and its 24-hour trading volume is over $17.78 billion.<\/strong><\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-52159\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-09-06_14-17-37-1.png\" alt=\"ETHUSD\" width=\"699\" height=\"300\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The token is expected to make <strong>more gains around the final Merge<\/strong>. Many investors and consumers have shown an increased interest in the token. Ethereum is going to <strong>solve its issue of high energy consumption<\/strong> with this Merge. Thus, the token is gaining more traction among investors.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">It is expected that<strong> the final Merge will occur in the \u201cParis\u201d upgrade<\/strong>. It will happen when the <strong>Terminal Total Difficulty (TTD) hits 58750000000000000000000<\/strong>. Now, it is only a matter of days till this happens. After reaching this TTD value, the block will be produced by a validator. After the completion of this block on the Beacon Chain, the Merge will be considered completed. It is expected that <strong>the whole process will take around 13 minutes, or 2 epochs, after the production of the first post-TTD block<\/strong>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum Network is preparing to go through the Bellatrix Upgrade before undergoing the final merge in the coming days. Ethereum co-founder, Vitalik Buterin announced that the Bellatrix hard fork will prepare the chain for the final Merge. He also said that the Merge will occur around September 13 to September 15. It will be &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Ethereum To Undergo Bellatrix Upgrade, ETH Rises\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/ethereum-to-undergo-bellatrix-upgrade-eth-rises\/#more-52157\" aria-label=\"More on Ethereum To Undergo Bellatrix Upgrade, ETH Rises\">Read more<\/a><\/p>\n","protected":false},"author":22,"featured_media":52158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,73,74],"tags":[4677,4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/52157"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=52157"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/52157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/52158"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=52157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=52157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=52157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}