Crypto markets are in retreat again during this Monday morning’s Asian trading session, but they have been rallying for the past fortnight, primarily driven by Ethereum. The network will enter its final testing phase for the Merge on August 11, and the date for the mainnet launch is September 19. The Merge will dock the current Ethereum proof-of-work chain with the new proof-of-stake chain, which will become the primary blockchain. The consensus mechanism for the network will transition to staking instead of mining. There has been a lot of analysis and discussion recently on why this is such a bullish event for Ethereum. Some even believe it could eventually surpass or flip Bitcoin, becoming the industry’s largest digital asset.
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Disclaimer: This is not financial advice, trade at your own risk.

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