- The Bellatrix upgrade from Beacon Chain is scheduled for this era.
- If the network gets a higher hash rate, the TTD will be reached sooner.
The Ethereum Foundation (ETH) announced on its website that the “merger” is an imminent transition to the effective date of the final Proof of Stake (PoS) consensus on Wednesday. According to the organization, Bellatrix will be upgraded to the Beacon series on September 6 as previously scheduled.
After years of tireless effort, Ethereum’s Proof of Work (PoW) mechanism for Proof of Stake for the Mainnet will start between September 10-20, after a certain total difficulty value known as Final Total Difficulty (TTD) is achieved.
The beacon string validator will generate the next block after the execution layer reaches or exceeds the TTD. Once the chain of signals from this block ends, the merging transition appears to be over.
Moreover, to improve standards and provide a high level of security for its smart contract, the Ethereum team is collaborating with ImmuneBytes, one of the largest security consulting firms. Therefore, the security audit function will provide reliable security audit solutions for users of digital assets.
The merger gave rise to the performance of ETH
The Ethereum Mainnet upgrade triggered the price of ETH. According to CoinGecko, Ethereum was trading at $1,701 with a trading volume of $14 billion. ETH price is up 3.9% in the last 24 hours. When compared to a 30-day basis, Ethereum increased by 17.3%.
In addition, the future trading volume of Ethereum exceeds Bitcoin. Similarly, for the first time since March, total futures trading volume increased by 13.4% to $3.12 trillion, indicating an increase in speculative activity.
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