Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $0.00-0.10% 24H
    BITCOIN
    24H : -0.10%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.001.44% 24H
    ETHEREUM
    24H : 1.44%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.09% 24H
    BNB
    24H : -0.09%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.000.920% 24H
    XRP
    24H : 0.920%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.001.92% 24H
    CARDANO
    24H : 1.92%
    Volume : $0.00
    Marketcap : $0.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.00-0.78% 24H
    TERRA LUNA CLASSIC
    24H : -0.78%
    Volume : $0.00
    Marketcap : $0.00
Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
Coinscreed
No Result
View All Result
Home News Ethereum News

Ethereum devs dismiss issues following Bellatrix upgrade success

Joy Dahunsi by Joy Dahunsi
5 months ago
in Ethereum News
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter
On Tuesday, the Bellatrix upgrade that was prepping Ethereum for the Merge was successfully finished. However, concerns were raised over an almost one in ten missed block rate across the last 600 slots.
Ethereum devs dismiss issues following Bellatrix upgrade success
Ethereum devs dismiss issues following Bellatrix upgrade success

Prior to the impending Merge, which is slated for sometime next week, the Bellatrix upgrade on the Beacon Chain updated Ethereum consensus layer clients at epoch 144896.

Martin Kƶppelmann, a co-founder of Gnosis, claims that 5% of the validators went offline during the hard fork, which increased the 9% missed block rate. Due to this, some observers questioned whether the network was ready to make the significant leap to proof-of-stake (PoS).

SuggestedArticles

Russia-based Sberbank to introduce DeFi platform on Ethereum

Russia-based Sberbank to introduce DeFi platform on Ethereum

5 days ago
ENS DAO considers proposal to auction 10,000 ETH for USDC

ENS DAO considers proposal to auction 10,000 ETH for USDC

3 weeks ago

Missed block rate in the last 600 slots: >9%
Historically this rate has been around ~0.5%. It shows that Bellatrix caused some issues for some validators. Nothing dramatic but still a number to keep an eye on.

— Martin Kƶppelmann šŸ‡ŗšŸ‡¦ (@koeppelmann) September 6, 2022

The 9% statistic, according to Kƶppelmann, was 1700% greater than the 0.5% historical lost block rate. The 25.6% of clients listed by Ethernodes as “not ready” for The Merge may be connected to the problem.

Percentage of Ethereum Clients that are Merge ready. Source: Ethernodes.


Adam Cochran, a partner at Cinneamhain Ventures, expressed his optimism that the “huge surge” in lost blocks will be fixed prior to the actual Merge, saying, “We really don’t want to be seeing unanticipated concerns at this late point.”

However, not everyone is worried. Only 5% of validators leaving the network was, in fact, “an excellent result,” according to Daily Gwei founder Anthony Sassano, who also firmly said that “there’s not really much that can go catastrophically wrong.” Using the Merge

ā€œI would say that the ā€˜worst case scenario’ would be if the chain just halts because the switchover from PoW to PoS didn’t work at all – this would then require some sort of coordinated human intervention to fix.ā€

The developer said, “However if we observe things like validators dropping off the network due to configuration difficulties, missed blocks/slots, or some clients having serious bugs, these things wouldn’t be the reason for major concern as they are pretty easy to recover from.

So to recap, post-Bellatrix, a few stats:
– network participation rate is 94.94%
– number of active validators is 403766
– number of offline validators 17743
– and client diversity for consensus layer clients page will be updated tomorrow so we can check again then

— Christine Kim (@christine_dkim) September 6, 2022

One of the final phases before the Merge is the Bellatrix upgrade, which enables Ethereum consensus layer clients to conduct transactions on the Beacon Chain.

The network will switch to a PoS consensus mechanism after the Ethereum Merge, which is expected to increase network efficiency and security.

Tags: Bellatrixethereum

Oh hi there šŸ‘‹
It’s nice to meet you.

Sign up to receive a weekly round-up of the latest happenings in the crypto space!

We don’t spam! Read our privacy policy for more info.

Please check your inbox or spam folder to confirm your subscription.

Coinscreed

Copyright Ā© 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Contact Us
  • Partners
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • Home
  • News
  • Stories
    • Interviews
    • My Life in Crypto
    • Secret Lives
  • Market Analysis
  • Learn
    • Bitcoin
    • Blockchain
    • Crypto Guide
    • Cryptocurrency Exchange
    • DeFi
    • Ethereum
    • Metaverse
    • NFTs
    • Trading
    • Web3
  • Contact Us

Copyright Ā© 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Join our Telegram ChannelĀ 

Stay on top of Crypto News! Get Daily updates

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!