Waiting for ETH Merge culmination? This news might excite you

ambcrypto.com:

The Ethereum [ETH] Foundation recently announced that the last and final major Bellatrix upgrade will be released on 6 September. This has caused another wave of excitement among enthusiasts.

Not only did this development increase social activity, but it also affected ETH’s price action positively. At the time of writing, ETH was trading at $1,710 with a market capitalization of $206,597,559,958. Thus, showing a 4.85% increment in its 24-hour performance.

Source: CoinMarketCap

Bellatrix is scheduled on the Beacon Chain for epoch 144896, which is the final upgrade before the Merge. The epoch height will trigger the consensus layer as this is the first stage of the Merge. 

After the successful rollout of Bellatrix, the second phase of the Merge will begin. This will happen sometime between 10 and 20 September. 

The Paris upgrade is the final stage of the update. Here, the Terminal Total Difficulty (TTD) of 58750000000000000000000 triggers the execution layer’s portion of the transition. This would enable the transition from Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus mechanism. 

To ensure a smooth transition several Ethereum 2.0 clients released their node updates days before the Bellatrix announcement. According to the official statement, mainnet users must upgrade to the latest 22.8.1 version by 6 September to ensure a smooth transition.

Interestingly, Maartunn, an author at CryptoQuant, mentioned that Ethereum turned out to be more dominant than Bitcoin [BTC] in terms of trading volume.

«Investors are still 'trading the hype'.» by @JA_Maartun

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