Welcome to the Bellatrix update! The next step in the Ethereum network
The long-awaited update for the Ethereum network, that will turn a coin into a pure PoS asset, is getting ready to be released and just received a new name tied to the third-biggest star in the Orion constellation, Bellatrix.
Bellatrix is the new name of the previous Merge update which was designed to merge with the Beacon chain, which uses the Proof of Stake (PoS) protocol instead of the obsolete Proof of Work (PoW) protocol which is heavily criticized. by crypto enthusiasts and adversaries.
The Bellatrix update will move the Ethereum chain to the full proof-of-stake (PoS) protocol that will remove miners from the network’s functionality. Validators will now receive previously shared rewards for approving transactions.
The update is scheduled to be released in Q1 and Q2 2022. Currently, the Beacon Chain operates separately from the Mainnet. The network currently in use operates on the proof of work protocol while the Beacon chain operates on the proof of stake. The update will bring these two elements together into one.
Bellatrix is an update that will make Ethereum “eco-friendly,” as the merging website suggests. It will also allow the network to achieve the full scalability, security and sustainability that were the main goals of Eth2’s vision.
The developers note that the transition between PoS and PoW networks is a complicated task to accomplish, which means they have to carry over previously discussed features for the network, such as the withdrawal of staking rewards.
After the network receives the update, developers plan on releasing the “cleanup” update that will act as preparation for the implementation of new features and technologies. The next update will be presented shortly after the merger of the two networks.
