EthereumETH/USD creatorVitalik Buterin hasurged those running nodes on the blockchain to upgrade their clients before the Merge.
What Happened:In a tweet on Monday, Buterin reminded those running ETH nodes to update their clients to the required specifications even before the Merge occurs.
Reminder: even though the merge is coming around Sep 10-20, the beacon chain hard fork is on Sep 6. Make sure to update your clients before then! https://t.co/x8GQCbtNNk vitalik.eth (@VitalikButerin) August 30, 2022
See Also:What Is Ethereum?
The Ethereum co-founder said that even though the Merge would officially take place between Sept. 10 and Sept. 20, the Beacon Chain hard fork would occur on Sept. 6;as such, all nodes should have their clients updated prior to the Merge to ensure a smoother transition.
A client is the software required to allow ETH nodes to read blocks on the Ethereum blockchain and smart contracts, while a node is a computer network that runs the client software.
The Bellatrix upgrade is the first phaseof the Merge and is scheduled to go liveon Sept. 6 at 11:34:47 a.m. UTC.
Following years of hard work, Ethereums proof-of-stake upgrade is finally here! The successful upgrade of all public testnets is now complete, and The Merge has been scheduled for the Ethereum mainnet, the Ethereum Foundationstated in a blog last week.
The much-anticipated switch to a proof-of-stake (PoS) from a proof-of-work (PoW) consensus has many positive implications for the network, including lowering its energy consumption by 99.95% whichhas been a key point of interest for many ETH advocates likeMark Cuban.
Price Action:At press time, ETH was trading at $1,577, up 8.78% over the last 24 hours, as per data fromBenzinga Pro.
