Ethereum is set for 'The Merge' officially; time to go all guns blazing on this token?

economictimes.indiatimes.com:

Ethereum foundation said. The Merge will lead to the transition of Ethereum to an energy-efficient mechanism of proof-of-stake (PoS) from the current proof-of-work (PoW), which consumes more power for transactions. Edul Patel, CEO and co-founder, Mudrex, said that the 'Ethereum Merge' is the most awaited event in the crypto-verse lately. The dominance has been on the rise after the announcement of Merge, since last month and a half. The upgrade is expected to reduce Ethereum’s energy usage by over 99 per cent, taking ETH off the government's sight that is looking to sanction duties on crypto mining due to high energy consumption, he added.

Did you Know?

Meta's digital wallet service Novi will no longer be available for use after September 1. The Facebook parent, which is shutting down its Novi pilot project less than a year after starting it, ‘strongly advised’ users to withdraw their money from Novi.

Experts believe that the announcement from the developers will keep buyers active, and prices of Ethereum may move higher in the near term. The development and upgrade would benefit the organisation too, they added. The Merge is great news for all blockchain users and businesses. It is a significant step in the right direction, said Ujjawal K Panchal, co-founder and CTO, MemeChat. «Increased stakes and interest may lead to additional funding for blockchain research,» he said. It is a two-step process. The first step is a network upgrade, followed by the execution layer's transition from PoW to PoS mechanism, the foundation explained, adding that the Merge has been scheduled for the Ethereum mainnet. Proposed by Vitalik Buterin in 2013, Ethereum is a blockchain-based software platform that can be