Ethereum Network Bellatrix upgrade causes ETH price to spike

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Ethereum The Bellatrix upgrade, which begins the final countdown to the much-anticipated merge upgrade, is now live.

ETH Price Shot upwards of $1,678 minutes after the Bellatrix upgrade was activated. At press time, however, the price of ETH had dropped to $1,598.80, nearly destroying the gains made following the Bellatrix upgrade.

The Bellatrix upgrade has given momentum to a recovering Ether that was previously struggling amid strong bearish odds.

What is the Bellatrix Upgrade?

The merge is a two-stage process and the first stage is the Bellatrix upgrade that was triggered by the height of an era. The second phase is the Paris upgrade which will be triggered by the targeted Terminal Total Difficulty (TTD) 58750000000000000000000, which is expected to be reached by 13 Septemberth and the 15th.

Bellatrix Is The Last Upgrade On Ethereum’s Beacon Chain Before It Completely Changes The Ethereum Blockchain Proof of Work (PoW) For proof-of-stake (status). Beacon Chain went live last year.

Currently, each Ethereum node is represented on two separate layers, the main chain which is a proof-of-work layer and the C layer (consensus layer). The merge is expected to merge these two layers and transition to a PoS-based blockchain.

The Bellatrix upgrade will enable validators to begin production of the updated beacon blocks, with the codebase for later merging the two layers.

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