Ethereum 2.0 client Teku has released the necessary update v22.8.1 for all Mainnet users to prepare for Merge. The update includes the Bellatrix upgrade and Ethereum Merge migration configuration. All Ethereum Mainnet users are required to upgrade before the Bellatrix activation date on the Mainnet, September 6th. Here are the details…
Update released for Ethereum Merge
Ethereum 2.0 client Teku announced in a tweet on August 22 the release of v22.8.1, a required update ready for the Bellatrix upgrade on September 6 and Merge on September 15. To migrate to proof-of-stake (PoS), all Mainnet nodes must be upgraded to the required Teku version. It involves connecting to the engine API of a local execution client and setting a default fee receiver by validators.
https://twitter.com/Teku_ConsenSys/status/1561501128671432704
Mainnet node validators must upgrade both Teku and the execution client to prepare for Merge. Failure to upgrade execution clients reports a “Merge migration configuration error” with Teku. Terminal block hash mismatch with local total difficulty (TTD) and remote execution client values will invalidate the relay on the Mainnet node. Also, additions and improvements in the upgrade include setting the Bellatrix fork period and TTD for Merge, allowing the configuration of multiple beacon nodes for a single authenticator client, and simplifying the use of the standard REST API.
It also includes bug fixes for the terminal PoW block, debugs on calculated load, and repeated timeout exceptions. All Mainnet users must upgrade to v22.8.1 before the Bellatrix activation date of September 6. The upgrade includes key configurations for Merge readiness.
Next up is September 15
Ethereum core developers confirmed the final mainnet TTD of 5875000000000000000000000 at the last Ethereum Core Developers meeting on August 18. This means the developers are optimistic that Merge will go live on September 15th. ETH inventor Vitalik Buterin also previously confirmed that Merge is tied to the hashrate. An average hashrate of 872.2 TH/s is sufficient to reach the TTD of 587500000000000000000 on September 15th. According to the data, the current hash rate is 872 TH/s.
Meanwhile, the value of ETH is at $ 1,556 with a decrease of 2.5 percent. As we reported on Kriptokoin.com, ETH, the largest altcoin with a market capitalization of $ 187 billion, managed to briefly exceed $ 2,000 last week. This was attributed to the excitement about the merge. However, ETH continues to be affected by the movements of the largest cryptocurrency, BTC. On Friday, BTC broke below the $21,000 level to hit local lows. This negatively affected the price of other altcoins, including ETH. In general, time will tell how Merge will affect the ETH price.
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