Main navigation

Ethereum Undergoes Important Update in Just Few Hours, Here's What to Do

Advertisement
Tue, 6/09/2022 - 8:20
Ethereum Undergoes Important Update in Just Few Hours, Here's What to Do
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Ethereum network will undergo an important Bellatrix update, which is the only milestone left ahead of the Merge update. That is why users should not ignore the warning issued by Vitalik Buterin and other Ethereum developers about updating clients.

Advertisement

The warning mostly applies to Ethereum validators rather than regular users. If you are staking Ether on the Beacon chain, you should immediately update your client, since you will not be able to participate in staking on the outdated version.

Bellatrix will be activated at Beacon Chain epoch 144896, which will appear on the chain at 11:34:47 a.m. UTC. The Merge update will still go live on approximately Sept. 13, and the Beacon chain update does not affect the expected date.

Advertisement

If node operators do not run execution and consensus layer clients on newer releases, they will lose their place on the network and will not be eligible for a transition. Validators should also avoid running a majority client.

Ethereum is still offering developers and white hat hackers a significant bounty for finding some critical bugs that directly affect the network's stability and security.

Ethereum is not yet reacting to update

Although the network is extremely close to the Merge update, ETH itself does not seem to show any reaction to the market. The price of the second biggest cryptocurrency is mostly following market trends.

Related

But at the same time, Ethereum was able to successfully bounce off the local support level and even broke through the local resistance level of the 50-day moving average. Most industry experts believe the market is going to see a short-term rally ahead of the Merge and a mild correction after it.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD