[ad_1]
Ethereum ETH/USD creator Vitalik Buterin has urged 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 phase of the Merge and is scheduled to go live on Sept. 6 at 11:34:47 a.m. UTC.
“Following years of hard work, Ethereum’s 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 Foundation stated 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% — which has been a key point of interest for many ETH advocates like Mark Cuban.
Price Action: At press time, ETH was trading at $1,577, up 8.78% over the last 24 hours, as per data from Benzinga Pro.
[ad_2]
Image and article originally from www.benzinga.com. Read the original article here.