Bellatrix upgrade successfully activated on the Ethereum network
73% of nodes upgraded their software to the latest version on the eve of the launch

06.09.2022 - 14:55
442
2 min
0
What’s new? Ethereum developers activated the Bellatrix upgrade, which was the last step before the core network switched to the Proof-of-Stake (PoS) consensus algorithm. The Merge is expected to be completed on September 15. 73% of Ethereum nodes upgraded their software to an up-to-date version prior to the launch of Bellatrix. Most of the nodes not ready for the upgraded Beacon Chain network are located on the popular Geth client.
Bellatrix activated! 🎉Next stop: the mergeSee you on the other side💫 pic.twitter.com/01FCSDyqs5— terence.eth (@terencechain) September 6, 2022
What's the purpose of the upgrade? It's meant to prepare the Beacon Chain network for the merger. After the launch of Bellatrix, a researcher at investment firm Galaxy Digital Christine Kim drew attention to some statistics. She said the network participation rate reached 94,94% and the number of active validators was 403 766 (another 17 743 were offline).
So to recap, post-Bellatrix, a few stats: - network participation rate is 94.94%- number of active validators is 403766- number of offline validators 17743- and client diversity for consensus layer clients page will be updated tomorrow so we can check again then— Christine Kim (@christine_dkim) September 6, 2022
Due to the algorithm change from PoW to PoS, the way the network earns coins will change from mining to staking. There may also be a split into two networks, one of which will continue to run on PoW. In August, developers published a document refuting misconceptions about the upcoming upgrade.
As of September 6 at 14:20 UTC, ETH is trading at $1646, having gained 3,98% overnight, according to Binance.
Useful material?
Market
Once the SEC confirms, the filing will be published in the Federal Register, which will initiate the approval process
Feb 11, 2025
Market
Analysts at JPMorgan Bank believe the asset will continue to face pressure amid growing competition
Feb 6, 2025
Market
The hacker used the account to promote MEOW and DCOIN scam tokens
Feb 6, 2025
Market
The company’s operating expenses rose 693% year-over-year to $1,103 billion
Feb 6, 2025
Crypto regulations
Group head Hester Peirce criticized the regulatory approach formed by former chairman Gary Gensler
Feb 5, 2025
Incidents
This status has been maintained for the first cryptocurrency since September 2021 but was canceled due to pressure from the IMF
Feb 3, 2025