Countdown to Ethereum Merge Began Following Successful Bellatrix Upgrade

September 7, 2022

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Countdown to Ethereum Merge Began Following Successful Bellatrix Upgrade

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The long-awaited transition of Ethereum from proof-of-work to proof-of-stake will become fully operational in the next update as Bellatrix was successfully deployed on Tuesday.

Bellatrix update is a blueprint for subsequent changes and currently, the anticipated date for the merge will be between September 10 and September 15, however, the transition to the new transaction validation system will see Vitalik’s Ethereum usher in a new era for the cryptocurrency industry.

Ethereum’s proof-of-stake transition comprises two phases, the first is the Bellatrix upgrade, which was successfully implemented at the metric’s counter towards a TTD threshold of 58750000000000000000000. The second phase is dubbed Paris, a phase that will see Ethereum start producing blocks under Proof-of-Stake once the Total Terminal Difficulty threshold hits 58750000000000000000000.

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The Merge to Become Operational Soon

The transition from power-hungry PoW to less power-consuming PoS has been delayed on several occasions for years; the anticipated transition will become fully operational in the next update when the dubbed “Paris” is launched.

Ethereum merge after the full transition will be the most significant development in the crypto space in recent times. According to an estimation by the Ethereum foundation, the new PoS will however reduce power consumption by 99.5%.

Some of the changes that will be witnessed after the transition include increased mining capacity, low transaction fees, the gas fee will also be affected but will not be confirmed till the upgrade is completely operational.

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