The Altair update was successfully implemented on the Beacon Chain of Ethereum on Wednesday, October 27, following the end of the 74240 era.
The network upgrade marks another major step towards Ethereum 2.0, where the network consensus mechanism will ditch the Proof-of-Work (PoW) model to adopt the Proof-of-Stake (PoS) model.
On the night of October 26, Evan Van Ness Delphin, CDO Ethereum, announced via their Twitter account that users have exactly 12 hours to update Ethereum staking nodes before Altair update:
You have exactly 12 hours to update your Eth staking nodes before the Altair upgrade
Inactivity penalties will commence in 12 hours for those who do not upgrade
– Evan Van Ness 🐬 (@evan_van_ness) October 26, 2021
“Penalties for inaction will start in 12 hours for those who do not upgrade.”
For his part, Xiao-Wei Wang shared with their Twitter followers with a satisfactory update result:
Altair upgrade transition was smooth! ✨
Thanks to all teams that worked for a long time. Thanks to validators for participating.
Jigglypuff is satisfied. https://t.co/z0tqQquPhw pic.twitter.com/9JDWnOM1zv
— Hsiao-Wei Wang (@icebearhww) October 27, 2021
“The transition to the next level of Altair went smoothly! Thanks to all the teams that have worked for a long time. Thanks to the validators for your participation. “
Altair is one of the other small updates that will later merge with Ethereum’s move from Proof-of-Work to Proof-of-Stake consensus, which will significantly improve its networking capabilities.
Through Altair, Ethereum developers will have an easier way to validate blocks and network transactions as they won’t need to use software to fully validate nodes.
Thus, after the implementation of the Altair update, the penalties imposed on validators who do not make changes to the Beacon Chain will be increased. This is necessary to stimulate rapid user transitions.
In addition to the mentioned characteristics and according to the fact what is indicated on the official Ethereum blog:
“Altair also represents a ‘readiness boost’ for Beacon Chain customers. Ethereum’s Proof-of-Stake system has worked flawlessly since its inception, but before performing a high-risk merger, customer teams want to go through a real-time upgrade process to test and prepare their codebases and operating system. ”
Operators and validators must update their client version to be compatible with the upgrade.
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