According to the Ethereum Foundation's announcement, Ethereum will undergo two major upgrades:
Bellatrix Upgrade (Consensus Layer)
- Expected block height: 144,896
- Estimated date: September 6, 2022, 19:30 (UTC+8)
Paris Upgrade (Execution Layer)
- Expected block height: 15,540,293
- Estimated date: September 15, 2022, 08:30 (UTC+8)
These upgrades mark Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS). During the upgrades, the PoW chain will reach its Terminal Total Difficulty (TTD) of 58,750,000,000,000,000,000,000.
Key Changes and Precautions
✅ Unaffected Services:
- Spot, margin, and contract trading will operate normally.
⚠️ Temporary Suspension:
- ETH and ERC-20 token deposits/withdrawals will be paused during critical upgrade phases to mitigate fork-related risks.
📅 Suspension Schedule:
| Upgrade Phase | Suspension Time (UTC+8) |
|---------------------|-------------------------------|
| Bellatrix Upgrade | September 6, 2022, 19:00 |
| Paris Upgrade | September 15, 2022, 08:00 |
Fork Tokens and Airdrop Eligibility
👉 Users holding ETH on Gate.io during the fork may receive new tokens ("airdrops"). To qualify:
- Deposit ETH before suspension times.
- Gate.io will snapshot ETH balances across accounts (excluding unpaid ETH loans) near the fork block.
🔹 Important Note: Borrowed ETH must be repaid before the snapshot. Unsettled loans will require returning airdropped tokens to lenders.
FAQ
Why are ETH deposits/withdrawals suspended?
To safeguard users during Ethereum’s high-risk transition phases, preventing potential chain splits or transaction reversals.
Can I trade ETH during the upgrade?
Yes. Only deposits/withdrawals are paused—trading continues uninterrupted.
How do I claim fork-related tokens?
Hold ETH in your Gate.io account during the snapshot. No manual action is needed for distributions.
What happens if I have an ETH loan?
Repay loans before the snapshot to avoid owing airdropped tokens to lenders.
👉 Explore secure crypto trading with Gate.io
All services will resume promptly post-upgrade. Monitor official announcements for updates.
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