Ethereum's Beacon Chain has successfully activated the last update before the ecosystem will transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus algorithm.
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The Bellatrix upgrade has been successfully activated on epoch 144896 with 74.6% Ethereum nodes ready for the Ethereum Merge, according to Ethernodes.
Now, the Ethereum ecosystem is ready to undergo the update, which is scheduled to happen around September 13-15, according to Ethereum Co-Founder Vitalik Buterin.
The Merge will make it economically disadvantageous for cryptocurrency miners to participate in the network, which is why big mining pools like AntPool have started looking for alternatives. In July, AntPool invested $10 million in the Ethereum Classic (ETC) ecosystem. AntPool CEO, Leon Lv, said during the World Digital Mining Summit 2022 conference that the pool plans to increase the volume of investments in the future.
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