Update To Raise Ethereum Price Successfully Completed! What’s next?

Ethereum‘s expected updates in September Bellatrix update completed successfully.

Bellatrixwas an update that would prepare the Ethereum Beacon network for Merge. With this update, the last phase before Merge has been completed.

With this update, the “execution load” mechanism required for validators on the Beacon chain, which runs parallel to Ethereum, to create a block has been added to the network.

Now the Paris update, which will trigger Merge, will follow. With this update, validators on the Beacon Chain will take over miners on the Ethereum mainnet.

According to the change in the difficulty situation in the network, Merge is expected to take place between September 13-15.

Ethereum founder Vitalik Buterin also confirmed this in a statement today.

While there are historical days in the transition to Ethereum 2.0, we see that the price of Ethereum is also positively affected by this situation and is valued against Bitcoin. ETH, which has risen to $ 1678 during the day, is traded at $ 1670 as of our news hour.

What is Ethereum 2.0?

Ethereum 2.0 is a large-scale upgrade/update for the Ethereum network to grow and increase transaction speed and efficiency.

What is Ethereum Merge?

One of the most heard concepts when it comes to Ethereum 2.0 Merge is coming.

Merge actually means merger. Ethereum Mergealso known as the second phase of the ETH 2.0 update, is the merger of the existing Proof of Work (PoW) mechanism with the Proof of Stake (PoS) mechanism.

For more information about Ethereum Merge, you can read the related article.

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The Ethereum Bellatrix update has taken place.

— Bitcoin System (@bitcoinsystem) September 6, 2022