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    Home»Internet»Cryptocurrency»Altair Upgrade Set to Activate on Ethereum Mainnet This Month
    Cryptocurrency

    Altair Upgrade Set to Activate on Ethereum Mainnet This Month

    adminBy adminOctober 5, 2021No Comments2 Mins Read
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    Altair Upgrade Set to Activate on Ethereum Mainnet This Month
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    On Oct. 27, at epoch 74240, the Altair Beacon Chain upgrade is scheduled to activate on the Ethereum mainnet.

    • According to the Ethereum blog, the upgrade represents a “low stakes warm-up” to prepare Beacon Chain developers and client teams for the coming Merge, when Ethereum will transition from a proof-of-work to proof-of-stake consensus mechanism.
    • It will provide the Beacon Chain with “light client support, minor patches to incentives, per-validator inactivity leak accounting, an increase in slashing severity, and cleanups to validator rewards accounting for simplified state management.”
    • Anyone operating a Beacon node or validator is required to update the client version to the new standard or risk being stuck on an incompatible chain.
    • Validators who do not update won’t be able to participate in the new consensus mechanism and will also face the risk of being slashed and paying penalties.
    • Because the upgrade only affects the consensus mechanism on the Beacon Chain, it will not affect end users of the current Ethereum proof-of-work blockchain.
    • In order to encourage robust code review of the Altair upgrade, the bug bounty bonus has been doubled until Nov. 27.
    • More information on how to update nodes and validators is available here.

    Read more: What Eth 2.0 Validators Can Expect After the ‘Altair’ Upgrade

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    Activate Altair Ethereum Mainnet month set Upgrade
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