388 days ago • Posted by Paul de La Baume
#Ethereum gains ahead of the 'Merge' #ETH #BTC #markets #trading #crypto
Just weeks away from the historic event expected to happen between the 10th and 20th of September, Ethereum surged more than 10% this week. The 'Merge' will see the second largest cryptocurrency by market cap transition from a proof-of-work (PoW) system to a proof-of-stake (PoS) mechanism. However, doubts remain as this shift of technology has been delayed for years and is complex with different steps to take into account in the transition of the blockchain structure. So far, developers are confident about the 'merge' and investors are mostly 'doing nothing' until the merge takes place.