First-Ever Ethereum 2.0 Upgrade Altair Date Confirmed by Ethereum Foundation

EF researcher Danny Ryan published a detailed schedule for the upcoming upgrade, its tech specifics and client versions

Danny Ryan’s “Altair Mainnet Announcement” urges all Ethereum 2.0 node operators to upgrade their software to avoid the validator downtime penalty.

Altair will be activated on Oct. 27, 2021

According to the official blog post by Mr. Ryan, the Altair beacon chain (ETH2 initial phase) upgrade will go live in mainnet at epoch 74240. This epoch is expected to come at 10:56 a.m. UTC on Oct. 27, 2021.

To keep their nodes in sync with the post-Altair consensus, node operators need to upgrade their customers. Software builds for all clients—Lighthouse, Lodestar, Prysm, Nimbus and Teku—are available via the links in the announcement.

As with Ethereum 1.0 hardforks, end users, ETH holders, contracts, and the status of the PoW network are not affected by updates.

Ethereum 2.0’s upgrade Altair is designed to advance the economic logics of network validating and to introduce “light client” support for its core consensus.

“Forward towards fusion”

EF is launching a massive bug bounty campaign to ensure the safety and performance of the post-Altair network. Before Nov. 27, 2021, Ethereum enthusiasts can disclose bugs and receive up to $100,000 in bounty bonuses.

As such, the Ethereum 2.0 network is one step closer to the ETH1-ETH2 transition. By press time, more than 7.8 million Ethers are locked in the ETH2 deposit contract.

In the midst of the last peak in crypto capitalization, that sum exceeds the equivalent of $ 27 billion. To provide context, Ethereum 2.0 deposit contract “capitalization” is higher than that of Yandex, Kia, Deutsche Bank, Panasonic and Societe Generale.

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