Vitalik Buterin Issues This Important Reminder Before Ethereum Merge

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.

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.

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsMarketsEthereumEthereum MergeVitalik Buterin
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...