Ethereum 2.0 client Teku has released version v22.8.1, considered as another major step toward the Merge.
As per the official announcement, it is a required update that keeps the Bellatrix upgrade on track for September 6th that will kick off the long-awaited process of the Merge and set everything in motion.
- All mainnet nodes will have to upgrade to the required Teku version to transition to Proof-of-Stake (PoS) and include connecting to a local execution client’s engine API.
- The validators, on the other hand, are required to set a default fee recipient.
- Until the execution client is updated, Teku will regularly report an error saying – “Merge transition configuration error.”
- Only after the execution client has been updated will there be no reports of errors or any other warnings about the client being unavailable.
- There will be a 14-day period between the Bellatrix upgrade and the Merge. That’s the length of time that will pass before the network reaches a specific total terminal difficulty (TTD). This will activate the Merge, which is arguably the most significant event in the cryptocurrency industry for 2022.
- After countless delays, the date for the upgrade was set for September 19th. However, reports suggest that it might come sooner than expected.
- Ethereum core dev Tim Beiko and Prysmatic Labs’ co-founder Terence Tsao speculated that the Merge can occur when the TTTD hits 58750000000000000000000, which might happen as soon as September 15th.