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Ethereum (ETH) Successfully Begins Phase 1 of Consolidation

Ethereum integration is a two-step process that takes place on both the old Ethereum Proof of Work (PoW) blockchain and the new Ethereum Proof of Stake (PoS) blockchain.

The first phase of this process has just been completed on the ETH PoS blockchain by Bellatrix upgrade It started successfully. Bellatrix links the existing PoW blockchain with the new PoS blockchain. This ensures that the majority of Ethereum node operators are persuaded to upgrade their agreed client from PoW to PoS.

Namely, the Ethereum nodes are responsible for validating the blocks within the Ether network, and therefore must be converted into a PoW consensus mechanism prior to merging so that they can confirm transactions in the Ethereum PoS network after merging.

What does Bellatrix mean for Ethereum integration?

Bellatrix ensures that operators of sufficient Ethereum nodes can immediately begin validating transactions on the ETH PoS blockchain after the merger.

Thus it paves the way for the second stage of the merger: file Paris promotion. This upgrade ensures that mining on the old Ethereum blockchain will be halted. It also marks the final point as the Ethereum consensus mechanism will transition to PoS.

According to a Tiwtter post by ETH mastermind Vitalik Buterin, the Paris Upgrade is expected to conclude the merger between September 13-15.

exactly merging time However, from current hash rate It is based on Ethereums and is therefore vulnerable to fluctuations. So it can only be the final merge date Estimation.

If you want to follow the merge countdown timer live predictions, you can do this for example or an act. Based on the current conditions, the parties calculate the exact time for the merger.

At the time of writing, accounts were re-predicting the merger for Tuesday, September 13 It’s 21:29 German time.

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