The Ethereum team has activated the Bellatrix upgrade. The upgrade is the final step before the mainnet migrates to the Proof-of-Stake (PoS) algorithm.
Bellatrix activated! 🎉
Next stop: the merge
See you on the other side💫 pic.twitter.com/01FCSDyqs5— terence.eth (@terencechain) September 6, 2022
The Merge completion is planned presumably for September 15.
Prior to this, Bellatrix had only around 73% of nodes updating the software to the current version. A large share of those not ready to operate on the updated Beacon Chain belonged to the most popular client, Geth.
The update is designed to prepare the Beacon Chain as a “signal network” for the merge.
After Bellatrix activation, Galaxy Digital researcher Christine Kim noted some statistics. She said:
- the network participation rate reached 94.94%;
- the number of active validators reached 403,766 (another 17,743 are 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
“Bellatrix still looks good. Undoubtedly, some have not updated the software, probably around 5%. But money is at stake, and I am sure it will be fixed quickly,” wrote ConsenSys engineer Adrian Sutton.
Bellatrix is looking good so far. Definitely some people who didn’t update, probably around 5% but with money at stake we should see that get fixed up pretty quickly.
— Adrian Sutton (@ajsutton) September 6, 2022
Analysts at Glassnode concluded that after The Merge activation, Ethereum is likely to become deflationary.
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